Why Big Banks Don’t Always Offer the Best Mortgage Rate for Every Borrower

A lot of people assume the biggest bank will automatically come through with the best mortgage deal. That sounds logical until you look at how mortgage pricing actually works. The rate and terms you see can change based on the loan type, your down payment, your credit profile, the property, and how your income is…

Homeowners often hear that refinancing only makes sense if interest rates drop by 1% to 2%. While this guideline is popular, the actual answer depends on each person’s finances. In today’s market, interest rates are higher than a few years ago. For homeowners in Los Angeles, where loan amounts are large, even a smaller drop…