Category: Priority Lending Blog

What Is The Best Mortgage?

So what is the best mortgage? There are different types of home loans available for people looking to move into a new home. There are two main types of fixed-rate mortgages and adjustable-rate mortgages. Fixed-rate mortgages lock in your interest rate. Adjustable-rate mortgages have the possibility of increasing your interest paid over time. If you’re […]

How To Get Approved For A Mortgage

Getting approved for a mortgage isn’t a complicated process. You need to make sure that you have all the proper documentation to increase your chances. ¬† Check your credit score Bring a nice down payment Review any outstanding debts you have Try to get pre-approved for a mortgage before going out to look at homes […]

What is today’s mortgage rate?

Today’s mortgage rates are at a 10-year low across the entire real estate industry. If you’re looking to buy a new home, now is the time to do so as you will be able to find great deals on lavish properties with low-interest rates on standard 30-year fixed contracts. The average mortgage rate in today’s […]

What Is Home Loan Insurance?

TLDR: Home loan insurance (or mortgage insurance) is protection for your lender. In the event that you fail to pay one of your mortgage payments. Mortgage insurance does not benefit you. But, you pay for it based on the amount of money you put on your loan as a down payment. You can find out […]