Bad Credit Score = Bad Mortgage Rate

Did you know your credit score affects your ability to get the best mortgage rate, which could cost you thousands of dollars?  Check your credit report for free to help identify potential issues: https://www.annualcreditreport.com/index.action (the official gov site)

Contact me to see how we can improve your score to get the best rate possible

Cupid is working overtime this week

Did you know that 16.4% of engaged couples will end up living with parents after marriage?  Cupid is working overtime this week.  According to Huffington Post, 6 million couples will get engaged on Valentine ’s Day.  That means approximately 984,000 of them will end up living with Mom and Dad!!!    If you don’t feel like finishing your basement or giving up a spare bedroom…..contact Lord Mortgage to learn about loan options that will allow relatives to gift the down payment as well as no-money down programs.

As you can imagine - everyday I am asked "How are rates"?    Good news for consumers buying or refinancing - Mortgage rates have dropped for the fifth week in a row!

Today's mortgage rates lower than we have seen in several months thanks to global sell-off in risk-related assets. What's a risk-related asset? In this case, it's a catch-all term for investments that carry greater risk and greater reward, such as stocks and emerging market currencies. When risk-assets get trounced, bond markets are often one of the safe-haven beneficiaries, and stronger bond markets mean lower mortgage rates. What this means to you?? It is a great time to refinance or lock in your rate!  Need to know current rates?  http://www.lordmortgage.com/mortgage-rates.html