Foundry Blog
Shop Rates When Ready To Lock
Here’s a fact that creates a lot of anxiety for people looking to begin the home purchase process: “People need some form of mortgage advice before they’re ready to lock in their interest rate.” Which raises the question: “How do I know who will have the best deal so I can work with them now?”…
Read MoreHow to Lift a Credit Freeze
If you have a credit freeze on any of the three bureaus (Equifax, TransUnion, Experian), you will need to remove the freeze before your lender can pull credit. Here’s a pdf with complete instructions on how to do this: How_to_Lift_a_Security_Freeze
Read MoreAvoid Wire Fraud Theft of Your Down Payment
Wire fraud has turned into a billion-dollar industry for computer hackers. The FBI reports wire fraud on home purchase transactions is up nearly 5,000% from 2016. How does wire fraud happen to unsuspecting home buyers? Hackers gain access to a title company or real estate agent’s email account, silently watching for upcoming home purchases and…
Read MoreHow Rates and Closing Costs are Connected
I’ve heard it said that “Interest rates don’t change, just the cost of interest rates change.” I like this because it helps me understand the way rates and discount points are connected. Knowing a few key facts will improve your confidence and help you become a smart mortgage shopper: What does “Current Interest Rate” mean?…
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