What is a mortgage accelerator?

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Mortgage accelerators promise to help pay … Read more

Home Equity Prepayment (HEP) Curve Definition

What is a Home Equity Prepayment (HEP) Curve? A home equity prepayment (HEP) curve measures prepayment scenarios for home equity loans. It is used by lenders to identify likely prepayments of principal on home equity loans. When a borrower prepays principal, it reduces the amount of principal still outstanding and subject to interest. It also … Read more

Adjustable mortgages now hugely more affordable than fixed rates – Orange County Register

In 2016, Demarcus and Janice Holbrook cobbled together a down payment of just over $ 21,000, purchasing a Lake Forest home for $ 603,400 using FHA fixed-rate financing. Recently appraising at $ 900,000, their home appreciated nearly $ 300,000, or 50%, in five fast years. The Holbrook’s now plan to pay off some consumer debt, … Read more

May 5, 2022 — Current Refinance Rates Won’t Budge – Forbes Advisor

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Mortgage refinance rates remained unchanged today. The average rate on a 30-year fixed mortgage is 5.53% with an APR of 5.55%, according to Bankrate.com. The 15-year fixed mortgage has an average rate of 4.79% … Read more

Weekly Analysts’ Ratings Changes for ESSA Bancorp (ESSA)

ESSA Bancorp (NASDAQ: ESSA) recently received a number of ratings updates from brokerages and research firms: 5/5/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock. 5/2/2022 – ESSA Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. … Read more