A home’s purchase price isn’t the only factor that impacts its cost. The total cost of a home purchase is largely influenced by its mortgage rate. Securing a low mortgage rate can potentially save you tens of thousands of dollars over the lifetime of your loan. Since your mortgage rate is so important, you may be wondering how to get … Read More
With the holiday season fast approaching, you may be planning your gift list, pulling out decorations, and preparing for the festivities. If you’re like 50% of consumers, you may have even started your holiday shopping. Amid all the excitement, it’s easy to lose sight of something important: your credit score. Fortunately, you can improve your credit score while you enjoy … Read More
This year, many mortgage lenders have faced huge hits to their revenues. According to the Mortgage Bankers Association, independent lenders reported an average net loss of $543 per loan origination in the second quarter of 2023. Meanwhile, mortgage demand has plummeted to a 28-year low. With rising loan origination costs and dwindling demand, many mortgage lenders are feeling the pinch … Read More
Did you know that mortgage applicants say an exceptional borrower experience is nearly as important to them as receiving the best rate? Unfortunately, only 42% to 67% of borrowers are satisfied with their borrower experience, according to a McKinsey & Company survey done on 1,200 residential mortgage customers. Providing an exceptional borrower experience is crucial if you want to succeed … Read More
This year, consumer debt reached a staggering $17.06 trillion. This spike in consumer debt can be attributed in large part to inflation. With so many products and services costing more, many Americans simply don’t have enough money at the end of the month to make ends meet. As a result, many are relying on credit cards and loans to bridge … Read More
Research shows that tackling life’s challenges with an empowered attitude is what separates people who are successful from those who aren’t. In psychology, this concept is known as your locus of control. Having an internal locus of control means that you believe you’re the ultimate arbiter of your outcomes. In contrast, having an external locus of control means that you … Read More
