NEWS & INFO BLOG
Galaxy Mortgage’s News and Information Blog
Does Your Credit Score Really Matter When Applying for a Home Mortgage?
Whether you’re a first-time home buyer or an old pro at purchasing real estate, if you plan to get a mortgage, your credit score will matter a great deal to the lender.
Getting Financed for a 1031 Exchange Transaction
If you’re a real estate investor, you may have some enticing tax-related options available when it comes to selling a current property and purchasing another. Take, for instance, the 1031 exchange.
What the Fed’s Most Recent Interest Rate Cut Means for Home Buyers and Mortgages
If you’re in the process of finding a new home, then the most recent Federal interest rate cut may have piqued your interest in terms of your next mortgage. On October 30th, the Federal Reserve cut interest rates by a quarter point – for the third time in 2019 – in hopes of bolstering the economy.
Applying for a Mortgage?
There are 3 Questions You Need to Ask Before You Sign on the Dotted Line.
Questions to Ask a Mortgage Lender When You Refinance
There can be a number of benefits to refinancing your home mortgage – particularly if interest rates are lower than they were when you initially took out the loan. For instance, depending on your current rate and balance, refinancing could reduce your monthly mortgage payment significantly.
Could Mortgage Rates Ever Fall to 0%?
Nobody wants to pay more for anything if they don’t have to. That’s why it is so important to shop around for the best price on cars, computers, and even home mortgages.
How to Pay Off Your Mortgage by Making Extra Principal Payments
For most people, their home mortgage is the largest debt they will ever have in their lives. So, what if you could wipe this big monetary obligation completely off your list of monthly payments? Would that change your financial life?
Could Another Recession Lead to Lower Mortgage Rates?
While the financial impact of the 2008 economic recession is, for the most part, behind us, there are now fears that the U.S. economy could be heading into another rough ride. And, while interest rates will oftentimes rise in response to increasing inflation, as a recession is just getting underway, interest rates – including those for home mortgages – will typically go down.
Not All Real Estate Purchases are the Same, That’s Why Mortgages Shouldn’t Be Either!
If you’re in the process of purchasing a property – regardless of whether it will be your primary residence, a residential rental (single, two- or multi-family), or even a commercial building – you may require a mortgage in order to complete the deal.
4 Tips for Straightforward Mortgage Financing
Maybe you saw an advertisement promising the lowest mortgage rates, [...]
Pre-Approval or Pre-Qualification?
Are you considering getting a mortgage pre-approval or pre-qualification? Which [...]
9 Mortgage Questions to Ask BEFORE You Shop for a Home
When beginning the homebuying process, it's normal to ask a [...]
Why You NEED to Know the Difference Between APR and Interest Rate
When you're shopping for a mortgage, you will encounter the [...]
How to Buy a House with $0 Down Payment
It's a common misconception that you're required to have a [...]
What is LTV and How Does it Affect Your Mortgage Options?
When you start shopping around for a mortgage, you might [...]
What Are Mortgage Discount Points and How You Can Get Them
Discount points on a mortgage are also referred to as [...]