Mortgage tips, loan program guides and market insights from Coastal Funding Corporation, serving FL, SC and TN since 2004.
Mortgage rates are driven mostly by the bond market, not directly by the Federal Reserve. Investors buy mortgage-backed securities, and the yields they demand rise or fall with inflation, economic news, and expectations …
A mortgage broker compares loans from many wholesale lenders for you, while a bank can only offer its own loans. Banks may be convenient if you already bank there. Brokers give you more choices with one application. …
A DSCR loan is an investment-property mortgage that qualifies you mainly on the property’s rental income instead of your personal income. Lenders divide the monthly rent by the monthly housing payment. If the rent …
A VA home loan is a mortgage backed by the U.S. Department of Veterans Affairs for eligible veterans, service members, and some surviving spouses. Most borrowers can buy with no down payment and no monthly mortgage …
The biggest mortgage myths are that you need 20% down, perfect credit, and a perfect time to buy. They don’t hold up. Many loans allow 0% to 3.5% down, government-backed programs have flexible credit rules, and …