At its May 3-4 meeting, the Federal Open Market Committee (FOMC) raised the federal funds rate by half a percentage point in an effort to curb the United States’ highest inflation in four decades. Federal Reserve Chairman Jerome Powell suggested that other 50 basis-point increases can be expected in future FOMC meetings. The rate hike […]
Discover the anatomy of a home loan and learn what to expect during the mortgage application process with PrimeLending.
Applying for a mortgage can feel confusing, especially if you aren’t familiar with all of the jargon your loan professional uses. Words like “amortization” or acronyms like “ARM” might sound complex, but they are fairly simple, once you get to know them. Grab some notecards and a pen (or bookmark this page) because we are […]
The brave service members of our armed forces selflessly serve our country every day. They deserve a mortgage process that reflects that commitment. PrimeLending, a PlainsCapital Company® is proud to offer VA Home Loans to military members and their families. With benefits created specifically for VA loan products, we emphasize the importance of helping veterans […]
Written for condo buyers by a new condo owner, these practical homebuying tips help condo purchasers make smart decisions and avoid mistakes.
If you’re in the market for a new home, you might consider buying a condominium. Commonly referred to as a condo, the property comprises of multiple units which are divided and then sold to individuals or investors. When you own a condo, you essentially are joining a community managed by a homeowners association (HOA). In […]
Spring homebuying season is in full bloom. The market is competitive as demand for homes is high and we haven’t seen inventory rise to match it just yet. Buyers will have to move quickly and be prepared to make an offer. What can you do to make the most of your spring home buying process? […]
Understanding how body language reveals your interest in buying a home is both riveting and essential. At PrimeLending, we want you to recognize the most common body gestures and how that ties into home buying.
A Better Way to Mortgage Buying your first home should leave you happy, confident and feeling positive about your financial future. And it can with Loanplicity®.com Powered by PrimeLending®, our online resource center that explains the mortgage process in simple terms and prepares you for what to expect along the way. Learn the Loanplicity® Way […]
It’s moving time! Congratulations! You finally found your dream home and you’re making the move. First things first, you need to get some things in order. Of course, you need to get electrical and utilities set up, but it’s important to clean out, pack and organize so your move is nothing but smooth sailing. If […]
From the two-month mark to post move-in essentials, here’s your go-to guide for a smooth transition. So, you’ve made it through the home-buying process—congratulations! Now, you’re ready to take the next step and move in to your new house. Here’s what you’ll need for the process—from pre-move-in to dos to post-move-in pre-requisites. Pre-Move In As […]
In this blog, we will highlight what both sellers and buyers can legally expect under the Fair Housing Act.
This June, during National Homeownership Month, we’re going to take a closer look at the homeownership process.
While 30-year mortgages may be the norm, it’s not the only option. In fact, some home buyers prefer a 15-year mortgage. How do you know which one is right for you? It depends on your financial situation and your current and long-term goals. Each option has their pros and cons, so let’s compare the two […]
In this blog from PrimeLending, we share with you eight tips to help you save your way into a new home in a year or less.