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What is the Difference Between Conventional and FHA Appraisals?

What is the Difference Between Conventional and FHA Appraisals?

A home appraisal is an essential part of buying a home and getting mortgage financing. An appraisal determines the current market value of the property and helps lenders determine if the amount of money they are lending you for the sale is appropriate. If

Sep 08, 2022 | Purchasing a Home

Buying a Vacation Home: A Quick Guide

Buying a Vacation Home: A Quick Guide

Having a second home for weekend or summer escapes is a priority for many Americans. If you’re interested in buying a vacation home, here’s a quick guide to the essential steps: Determine If You are Buying a Second Home or a Rental Property Many people re

Sep 06, 2022 | Purchasing a Home

Weekly Rate Update for September 2, 2022

Weekly Rate Update for September 2, 2022

Here are the weekly rates as of September 2, 2022: 30 Year Fixed Conforming: 5.500% (5.606% APR) 15 Year Fixed Conforming: 4.875% (5.052% APR) 7/6 Jumbo ARM: 5.375% (4.940% APR) 30 Year Fixed Jumbo: 5.250% (5.388% APR) For the rate sheet PDF, click

Sep 03, 2022 | Interest Rates Fixed Rate Mortgages Adjustable Rate Mortgages Mortgage Jumbo Loans

Applying for a VA Loan: What is a Statement of Service?

Applying for a VA Loan: What is a Statement of Service?

If you are an active-duty or retired military service member applying for a home loan through the Department of Veteran Affairs, one of the first things you will need to obtain is a statement of service. Here’s what that means and how to get it: Statement

Sep 01, 2022 | VA Loans

Will Getting a Mortgage Help My Credit Score?

Will Getting a Mortgage Help My Credit Score?

While buying a house, your credit score is very important to securing mortgage funding. But what about after you close on the sale? How will a home loan affect your credit? The good news is that in most cases, obtaining and paying a mortgage will actually

Aug 30, 2022 | Credit

Weekly Rate Update for August 26, 2022

Weekly Rate Update for August 26, 2022

Here are the rates for today, August 26, 2022 at Bainbridge Lending Group: 30 Year Fixed Conforming: 5.320%  (5.415% APR) 15 Year Fixed Conforming: 4.750% (4.903% APR) 7/6 Jumbo ARM: 5.125% (4.814% APR) 30 Year Fixed Jumbo: 5.125% (5.261% APR)

Aug 26, 2022 | Interest Rates Fixed Rate Mortgages Adjustable Rate Mortgages Mortgage Jumbo Loans

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