United Federal Credit Union
Loan Mortgage Process
In the 1980s, there was this video game called “Pitfall.” To beat the game, you had to traverse various levels while avoiding the big black holes that would lead to your character’s demise. The more you played it, the more you got used to the challenges. You could plan ahead. The mortgage process is the same way. It’s easier to avoid the pitfalls if you know what to expect…
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Interest Rates on Home
Òscar Jordà, Moritz Schularick, and Alan M. Taylor Policymakers disagree over whether central banks should use interest rates to curb leverage and asset price booms. Higher interest rates make mortgages more expensive and could prevent borrowers from bidding up house prices to create a boom. However, rough calculations show that the size of rate increase needed to do so might…
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Lowest 10 Year Mortgage Rates
Mortgage rates plummeted to their lowest levels in three years this week. Weak first-quarter economic growth, persistent global economic worries and last week’s anemic jobs report all contributed to pushing down bond yields. Because mortgage rates tend to follow the yield on the 10-year Treasury, home loan rates retreated. According to the latest data released Thursday by the…
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Foreign National Mortgage Loans
Not a U.S. citizen? Let us help Spirit of Texas Bank has designed a mortgage lending program for qualifying individuals who are not citizens of the United States. We recognize the financial needs of all individuals and consider our foreign national customers an extension of our Texas family. Whether you frequent the United States for business or have decided to invest in a…
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10 Mortgage Rates
Mortgage rates for 30-year fixed loans were unchanged, 15-year home loans rose a tick Monday, while 5/1 ARM rates held firm, according to a NerdWallet survey of mortgage rates published by national lenders this morning. After Friday’s tepid jobs report, lower mortgage rates would commonly be expected — but compared with the larger bond market, rates have been swimming against…
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Mortgage Rates 10 Year ARM
Interest rates are rising, so you may be wondering whether an adjustable-rate mortgage, or ARM, is right for anyone. It still can be. But you need to understand when an adjustable-rate mortgage will, and will not, work for you. Like a January bikini The idea of an adjustable-rate mortgage in a rising interest rate environment sounds as impractical as wearing a swimsuit on a…
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Excel Mortgage
Open Microsoft Excel. Build the calculator as shown in the screenshot. (You can click any of the screenshots to enlarge them). You don t need to do the Reference column if you don t want to - in this exercise, these variables are simply present to help you work out the equations. The variables will be used to tell you how to input functions. Enter your values. For this exercise…
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Obama Home Mortgage
The White House announced Wednesday that the Federal Housing Administration will significantly lower the fees it charges borrowers, a move designed to save individual home buyers hundreds of dollars annually and help jump-start the housing market. The “annual premiums” on FHA loans, an especially popular source of financing for first-time home buyers, have increased five times…
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Mortgage loan Processing Procedures
Buying a home may be the most exciting, confusing and stressful financial transaction you will ever undertake. Even if you have done it several times you can still find the process complicated and intimidating, particularly given all the new regulatory and compliance rules surrounding the mortgage process. If you understand the steps required to qualify for a mortgage loan…
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