Mortgage Archives » Millennium Mortgage

January 3, 2023

What Is A Jumbo Loan?

Jumbo loans are quite common now. As home prices have skyrocketed, the number of borrowers who need larger loans has also increased. A jumbo loan is a mortgage that exceeds the conforming loan limit set by the federal government every […]

December 13, 2022

The Self-Employed Home Buyer

When you’re self-employed and you want to buy a home, you fill out the same mortgage application as everyone else. Mortgage lenders also consider the same things when you’re a self-employed borrower: your credit score, how much debt you have, […]

October 21, 2022

Is Refinancing Now A Good Idea?

The Federal Reserve raised its benchmark interest rate .75% in September and concerns over how this would affect the personal finances of millions of Americans started to arise. While an increase in rates may help tame inflation, they don’t always […]

September 30, 2022

Using Your Home Equity To Help You Retire

Over the last year the average homeowner in the United States gained roughly $64,000 in equity due to home price appreciation. Now, whether you’ve just retired or you’re thinking about retirement, you may be considering your options for this whole […]

August 5, 2022

Your Home’s Equity: How To Use It

Over the last five years, a surge in home prices has created substantial wealth for the middle class. According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner’s equity has grown by $64,000 just over the last 12 […]

July 5, 2022

Loan Application Blunders

There is a lot of competition in the real estate market today, so you do not want to do anything that could jeopardize your chances of getting your dream home. The home loan approval process is not as simple as […]

March 3, 2022

Things To Avoid After Applying For A Mortgage

Once you’ve applied for a mortgage, there are some key things to keep in mind before you close the transaction. It’s exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, […]

February 24, 2022

Things To Know If You’re Still Renting

As a renter, you face the same question on some sort of recurring basis (depending on your lease tenure): keep renting for another year or purchase a home? Your answer obviously depends on your current situation and future plans, but […]

February 17, 2022

Get The Best Rate Possible On Your Mortgage

There’s no way around it, mortgage rates have been on the rise in 2022. With the uncertainty of where rates may go, you should do everything in your power to increase your chance at getting the best rate available to […]

February 10, 2022

Ways To Utilize Your Home Equity

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average […]

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