Price Mortgage Wins The AIME Visionary Growth Award!
Price Mortgage is pleased to announce that Andy Price has won the AIME Visionary Growth Award for 2022. Hall of AIME, which took place February 10th through February 12th at the Fontainebleau Hotel in Miami Beach, Florida, was hosted by The Association of Independent Mortgage Experts (AIME), a non-profit, national trade membership association created exclusively...
10 Things NOT To Do During The Mortgage Process: Your Mortgage Survival Guide
The mortgage application process is complicated and intimidating. There are many different things to take into consideration before you even start the process, but once you do, it can be a little overwhelming. The good news is that there are plenty of resources out there to help with this process. We’ve compiled 10 things NOT...
Build, Buy Or Fix? The First Time Homebuyer Dilemma
It is no secret that we are in the midst of a housing crisis. Prices for homes have skyrocketed, and interest rates are lower than ever before. With these two factors in mind, it may seem like now is the perfect time to buy a home! But wait – what type should you buy? There...
When Should I Refinance?
Refinancing can help you lower your monthly payment or extract existing equity in your home. Often times this a great way to save money or to pay for home improvements or consolidate high interest debt. But when should you refinance really depends on your current financial situation and your future goals. What Is A Refinance?...
FHFA Dissolves Adverse Market Refinance Fee
Great news for homeowners looking to refinance right now! The Federal Housing Finance Agency(FHFA) is officially removing the 50bps Adverse Market Refinance Fee effective August 1st. This means that lenders will no longer be required to pay Fannie Mae or Freddie Mac a 50bps fee on refinances. The elimination of this fee will help families...
Who Qualifies As a First Time Homebuyer?
You’re probably aware that first time homebuyers get access to special loan programs and assistant programs that current homeowners do not. However, there are a lot of misconceptions around who actually qualifies as a first time homebuyer. You’re probably thinking “anyone who has not purchased a home before, duh…” But that’s not always the case!...
FHA Policy Update: DACA Recipients Now Eligible for Loans
On January 2021, the U.S. Department of Housing and Urban Development declared that the Federal Housing Administration will give DACA(Deferred Action for Childhood Arrivals) recipients with U.S. work permits access to loans it insures. This means that any DACA recipients who are legally permitted to work in the U.S. are eligible to apply for mortgages...
How Does Mortgage Interest Work?
Purchasing a home is typically the single largest financial transaction a person will make in their lifetime. However, the majority of people that take out a mortgage don’t fully understand how mortgage interest actually works. Mortgage Payment Calculation Your monthly mortgage payment is split into both principal(the amount you’ve borrowed) and the interest accrued for...
8 Things Every First-Time Homebuyer Should Consider
Scary. Overwhelming. Exciting. These are just a few words that describe the feeling of becoming a homeowner for the first time! For many, homeownership is truly a dream that they’ve worked hard for by planning and saving for years, and the last thing you want is buyers remorse or regret! It’s easy to overlook details...
Did The Feds Just Drop Mortgage Rates To Zero?
You may have heard the news over the weekend that the Federal Reserve dropped the Fed Funds Rates to zero. Many of our current and past clients have been confused by this, thinking that mortgage rates hit zero percent as well. The Federal Reserve announced on March 15th, 2020 a stimulus package to help level...