305-271-9349
ogonzalez.pmc@gmail.com
Apply Now
Secure Doc Upload
Point Mortgage Corporation Logo

Blog

Blog Image: 6 Tips for Saving a Down Payment as a Renter

6 Tips for Saving a Down Payment as a Renter

Homeownership is the American Dream, and yet with house prices on the rise, it can sometimes feel unattainable if you’re still trying to make a rent payment each month. The average U.S. rent for a two-bedroom apartment as of June 2020 was $1,917, according to Rent.com, an increase of $39 over 2019. While that may not seem like a huge jump, it does make it harder to save for buying a house, especially when average home prices have risen 15% in roughly the same time, according to the National Association of Realtors. Even with increasing prices, it is possible to save for that firs...

January 27th, 2021 | First-time Homebuyers, Purchasing a Home, 6 Tips for Saving a Down Payment as a Renter

Blog Image: Why ARM Loans Don’t Make Much Sense Right Now

Why ARM Loans Don’t Make Much Sense Right Now

If you are looking to buy a home soon or to refinance your current mortgage, you know that interest rates are very low.  In recent weeks, the average rate on a 30-year fixed-rate mortgage is below 3%. In fact, rates have been setting record lows for a while. And yet, you may have seen adjustable-rate mortgages advertised with interest rates below those stunning rates, maybe around 2.25%. While that lower rate can seem very enticing, here’s why ARM loans are not the best option in today’s economic climate. How ARMs Work Adjustable-rate mortgages have ultra-low intere...

January 20th, 2021 | Interest Rates, Why ARM Loans Don’t Make Much Sense Right Now

Blog Image: 4 Predictions for the 2021 Mortgage Market

4 Predictions for the 2021 Mortgage Market

The 2020 housing market surprised everyone by quickly bouncing back after slumping during the first few months of the coronavirus pandemic. What might the coming year hold as the country continues to fight its way through this crisis? The experts at the National Association of Real Estate Editors conference last week made these four predictions for the mortgage world in 2021. Mortgage Rates Will Rise from Record Lows As the COVID crisis eases and the economy improves, long-term mortgage interest rates (which hit multiple historic lows this year) will begin to rise. Averaging 3.0% in 20...

January 13th, 2021 4 Predictions for the 2021 Mortgage Market

Blog Image: Mortgage Lingo 101

Mortgage Lingo 101

As a first-time home buyer, you will hear lots of words that you may not be familiar with. Just like every industry, the real estate market has its own lingo, and it can be confusing for newbies. Here is a list of the most common mortgage jargon to help you navigate the home loan process: Adjustable Rate Mortgage (ARM) – loans that provide an extra-low interest rate for an initial period of 5,7, or 10 years, after which the rate is allowed to move up or down once a year based on market indexes. Amortization – spreading the principal and interest into equal payments over the c...

January 6th, 2021 Mortgage Lingo 101

Blog Image: Should I Pay Mortgage Taxes and Insurance on My Own?

Should I Pay Mortgage Taxes and Insurance on My Own?

When you buy a home or refinance, your lender will talk about setting up an “escrow” account. They may also refer to the charges in that account at “impounds.” If you are new to mortgage loans, you may not understand what these terms mean. And even if you’ve been around the mortgage block a few times, you may wonder if you’d be better off handling the impounds yourself. What are Escrow Accounts and Impounds?  Escrow is a third party-managed account that collects money for your property taxes and homeowner insurance, paying them off when the bills ...

December 30th, 2020 | Mortgage Advice, Should I Pay Mortgage Taxes and Insurance on My Own?

Blog Image: Merry Christmas and Happy New Year

Merry Christmas and Happy New Year

All of us at Point Mortgage Corporation would like to wish you a Merry Christmas and a Happy New Year! We hope that 2021 is a year full of happiness, health and prosperity for you and your loved ones. All the Best, Point Mortgage Corporation

December 23rd, 2020 | Refinancing a Home, Credit, Home Equity, Merry Christmas and Happy New Year

Pages: 1 2 3 4 5 6 7 8 9 10 11 Next >