Blogs and Articles
What is a Non QM Loan?
A Non-Qualified Mortgage (Non-QM) loan is a type of mortgage that does not meet the standards set by the Consumer Financial Protection Bureau (CFPB) for
What is a Jumbo Mortgage?
A jumbo loan, also known as a non-conforming loan, is a type of mortgage that exceeds the conforming loan limits set by government-sponsored enterprises (GSEs)
How you can use Credit Cards to Help your Credit
Credit cards can be a powerful tool for building and improving credit, but they should be used responsibly. When used correctly, credit cards can help
What is a USDA Home Loan?
A USDA mortgage is a type of home loan that is guaranteed by the United States Department of Agriculture (USDA). These loans are designed to
What is an FHA Mortgage?
An FHA mortgage is a type of home loan that is insured by the Federal Housing Administration (FHA), a government agency. These loans are designed
How Do I Qualify for a Home Loan?
Qualifying for a home loan involves demonstrating to a lender that you have the financial resources and creditworthiness to repay the loan. There are several
How Do I Calculate Mortgage Insurance?
Mortgage insurance is a type of insurance that is required by some lenders in order to protect against the risk of default on a mortgage
What’s the Difference in Buying a Condo, Town Home or a Single Family Residence?
Purchasing a home is a significant decision, and there are several factors to consider when choosing between a condo, townhome, or single family home. One
The Difference Between a Mortgage Broker and a Bank
There are several reasons why mortgage brokers may be a better option than a bank for some borrowers. One reason is that mortgage brokers have
The Impact Elections Can Have on Interest Rates
Elections can have a significant impact on interest rates, as the outcome of an election can influence the direction of monetary and fiscal policy, which
Top 10 Things You Need if You’re Self Employed and Trying to Buy a Home
Purchasing a home as a self-employed individual can be a unique and sometimes challenging process. There are several key factors to consider when preparing to
9 Things to Do Prior to Purchasing Your Dream Home
Purchasing a home is a major financial and emotional decision, and it’s important to be fully prepared before taking the plunge. Here are some steps
The Top 10 Questions You Need to Ask When Buying a Home
Buying a home is a major financial and emotional decision, and it’s important to be fully informed before taking the plunge. Here are ten key
When Should I Lock in My Mortgage Rate?
Deciding when to lock in your mortgage rate can be a challenging decision for many borrowers. A mortgage rate lock is a commitment from a
What’s the Difference Between Interest Rate and APR?
Interest rate and APR, or annual percentage rate, are two important terms that are commonly used in the world of finance and credit. While they
What is a Mortgage Rate?
A mortgage rate is the interest rate that a borrower must pay on a home loan. The mortgage rate is determined by a variety of
Why is the FED Continuing to Hike Rates?
The Federal Reserve, or the “Fed,” is the central bank of the United States. It is responsible for implementing monetary policy, which is the process
How to Find the Best Location to Purchase a Home
Finding the right location for a new home is an important decision that can have a major impact on your quality of life. There are
If Inflation Comes Back Down, What Will Happen with Interest Rates?
If inflation starts to come down, it is likely that interest rates will also decrease. Inflation and interest rates are closely related, and changes in
Differences Between a Sellers and a Buyers Market
A sellers market and a buyers market refer to conditions in the real estate industry. In a sellers market, there are more people looking to
Why Realtors Need to Work with a Great Mortgage Broker
As a real estate agent, one of the most important things you can do to ensure success is to work with a good mortgage broker.
10 Year Bond Connections to Interest Rate
A bond is a debt security, in which the issuer owes the holders a debt and is obligated to repay the principal and interest at
The Average Home Price in America
The Average Home Price in America The average home price in America will likely surprise you. Prices have increased drastically over the last couple of
First-Time Homebuyer Steps to Success
First-Time Homebuyer Steps to Success Buying your first home is exciting but can be overwhelming. Not only must you find the right home, but you
How Much Down Payment do you Need to Purchase a Home?
How Much Down Payment do you Need to Purchase a Home? At Jonathan Torres and Torres Mortgage Team, we often get asked how much borrowers
How Do I Find the Best Interest Rate?
How do I Find the Best Interest Rate? The first thing most borrowers worry about when borrowing a mortgage is the interest rate. It’s what
What Makes Interest Rates Increase or Decrease?
Interest rates control your mortgage payment. The higher the rate, the more your mortgage payment costs monthly and over the en9re loan term. If you’ve
VA Loans – Why More Real Estate Agents Should Consider Them
Have you ever heard that a borrower has VA financing and turned them away? Unfortunately, it happens more o?en than most people think. However, VA
What to Expect in the Housing Market 2023
We’re in the final stretch of 2022, and the housing market is all over the place, but it remained a seller’s market despite what’s happening
Why Purchasing a Home is Always Better than Renting
Buying a home is one of the best investments you can make. Even if you don’t have a largedown payment or perfect credit, there are