PMR Mortgage Blog
The Fed Cut Interest Rates for the First Time Since the 2008 Crisis
The Federal Reserve's decision to cut interest rates 25 basis points for the first time in over a decade marked a dramatic shift in monetary policy. For consumers, the cut could mean a reprieve in escalating borrowing costs, which can impact your mortgage, home equity loan, credit card, student loan tab, and car payment.
Rents skyrocket across the United States
Did you hear the news? Across major cities in the United States, rent has increased yet again, according to a new report from RentCafe. The annual report found that the average rent in the U.S. has increased by 3.2 percent year over year and by 2.6 percent since the...
Advantages of Using a Local Lender vs Online
Borrowers have more options than ever when it comes to purchasing a home. Who you choose as your lender is a serious decision that can impact you for years to come. While online lenders offer quick approvals tethered to high interest rates, local lenders like Premier...
Younger home buyers moving to the suburbs
Move aside, big cities. American suburbs are making their way back into the spotlight. Many Americans are ditching the allure and convenience of big, crowded cities and instead opting for the comfort of a quieter life in close-knit communities found in suburban...
Busting two big myths about getting a home loan
Many would-be homebuyers put off buying much longer than they have to because they think their credit score is too low, or they don't have enough money saved for a down payment. But did you know that lower credit scores and a low down payment don't automatically mean...
Home price growth is still slow, making it ideal time to buy
Was homeownership or moving part of the game plan this year, but now you're looking at the calendar wondering how we're already halfway through? Great news! Not only is it not too late to get into a new home in 2019, you might be in an even better position to start...
Three ways to utilize your home equity
If you're like most people who own their own home, you could use a little extra financial cushion. As a homeowner, your home equity is likely your most valuable asset. Home equity is, to put in simple terms, the part of your home and property you truly "own." When you...
Simplifying the home-buying process, one transaction at a time
Many homebuyers will put off the home search out of fear and intimidation of the process. There is a lot of misinformation out there and, yes, even some scary stories of home-buying transactions gone awry. At Premier Mortgage Resources (PMR), we're changing that....
Three things to be aware of about your mortgage payment after you close
Congratulations! You've closed on your mortgage. Now that the ink has dried and you've got the keys in your hand, you may feel like you've finally crossed the finish line. However, you're actually just beginning to embark on your exciting homeownership journey. Owning...
Mortgage Rates See Biggest Weekly Drop in a Decade
Homebuyers got a big boost to their purchasing power this week thanks to falling mortgage rates. The average rate on the 30-year fixed-rate mortgage fell to 4.06 percent with an average 0.5 point for the week ending Thursday, down from last week when it averaged 4.28...
How to access your credit score and what it means
As you begin your journey to the home-buying process, you'll learn very quickly that your credit score plays a huge role in determining your buying power. Not only does your credit determine if you can get a loan, but it determines your interest rate if you do. A...
Keeping your credit cards open to help your credit score
When it comes to buying a home, you'll quickly learn that there are many factors involved in the approval process. The most important one? Your credit score. That's why understanding what goes into your score is one of the first steps in purchasing a home. Every...