Question: How Do I Secure Loan Terms Without Giving Sensitive, Personal Information? Is there a way for me to find out what my interest rate and closing costs would be without a hard inquiry on my credit report and providing documents with my sensitive personal information to multiple people? Whenever I call a lender or mortgage company they want to pull my credit with a hard inquiry along with providing a lot of personal information before answering my questions. It’s not that
Interest Rates
Lender Credit FAQ: Understanding the Ins and Outs
Our team at Blink has been in the industry for decades, and we know that buying and financing a home can be tricky. There’s all kinds of varying information online, and you’re not sure what to believe or what it all means. That’s why our Blink team has started compiling some of our most Frequently Asked Questions (FAQ) to share them on the blog. If you’re the reading kind, keep reading. If you still have questions and would prefer to talk in person or via email, we are more than happy to help
Buying Power – Interest Rate vs Property Value
It’s not breaking news that interest rates are at an all time low, so it’s one of the best times to buy that dream home, don’t you agree? Let’s dive into various perspectives – or peal back the onion if you will – and let’s uncover some real estate and investing trends and hopefully educate you on what it’s really like out there. At the time of this post, the interest rates are terrific. You have 30-year mortgages averaging in the mid to high 2’s and qualifications are falling back to
Figuring Out Interest Rate vs APR: What’s the Real Cost of Borrowing?
What is an Interest Rate? An interest rate is the price of money, and a home mortgage interest rate is the price of money loaned against the security of a specific home. The interest rate is used to calculate the interest payment the borrower owes the lender.The rates quoted by lenders are annual rates. On most home mortgages, the interest payment is calculated monthly. Hence, divide the rate by 12 before calculating the payment.This is how your monthly Principal and Interest Payment is
