Standard Mortgage Blog

If you have a fixed-rate mortgage, you can rest assured that you will have steady monthly payments (comprised of principal and interest) throughout the life of your loan. However, as market and economic factors change, the opportunity to improve your mortgage rate or shorten your term may present itself. If the rate that you locked in at closing is higher than current market rates, you may want..

Your mortgage is many things. It’s an obligation, an investment, and throughout its life, an opportunity to build equity and save money. While many components comprise the cost of your home’s mortgage, two key factors are interest rate and loan term.  

When the time comes to buy a home, you have a lot of options. While there is a lot to consider in terms of location, price, schools, amenities, and much more, it all begins with your mortgage. Before you even start to house hunt, having the proper financing in place is imperative. Additionally, you will need to choose a specific mortgage product and get pre-qualified before you go shopping. The..