BeatMyBroker.com Mortgage Blog

If you have great credit and a minimal down payment, you can get access to some of the lowest interest rates we've seen in a long time. On a conventional mortgage, with 10% down and a 720 score: 4.875%! APR of 5.128%! The same goes for FHA loans. Rates for good credit are in the low 5% range. Jus...

Ok, so we posted about the new 100% product that was rolled out by one of the banks we are in contact with.  To clarify the types of rates that a borrower could get, take a look below. If the borrower is not receiving any FICO hits to the rate (low score issue), today the wholesale rates on this ...

It appears that we are ending rates in the 6% range for 80% LTV rate/term refinance and purchase for the best borrowers.  You can probably still find 5.875% for your borrowers/clients with the right lender, however mid 5's and even low 5's look like they are gone for a little while. Here's to hop...

Alright, we've been informed that 100% loan programs are back.  Based on the bank that is offering this program through this particular wholesale channel, most brokers will not have access to this loan program.  We will go into details about this loan program later.  Your clients will be able to ...

We recently had a mortgage company ask us about an issue with a case number related to FHA transactions.  For those real estate agents who would like to know more about case numbers and how they relate to your clients and the property they are purchasing please read on. FHA case numbers are reque...

Mortgage backed securites pretty much fell flat on their face today sending rates  relatively high in a short period of time.  The fact that the market was suffering yet again today and rates still did not improve leaves some room for concern.  If you were following treasuries, those sank like a ...

First and foremost, this is not an offer of credit.  We are merely letting everyone know what competive rates are for today.  This is through information directly from wholesale lenders as well as our own loan pipeline and mortgage network pipeline.  The following are example of UTAH mortgage pri...

A little while back, FHA changed their upfront and monthly mortgage insurance premiums to a risk based pricing model.  Basically this meant that the more risky the loan, the more upfront premium and the higher the monthly premium would be on FHA insured mortgages.  These pricing "hits" were mainl...

As most of us already know, an ailing countrywide was bought out by Bank of America several months ago.  In the most recent news, Bank of America is moving forward with a settlement found in favor of 11 attorney generals of different states.  The mandatory loan modifications targeted towards thos...

Everybody wants to get the best interest rate, either for their clients or for themselves. The key to getting the best interest rate comes down to several factors and trade offs that should be considered. In general, the only way you will get the lowest interest rate possible is to pay more in fe...