Generated by All in One SEO v5.0.0.1, this is an llms.txt file, used by LLMs to index the site. # What's a Mortgage Mortgage Education ## Sitemaps - [XML Sitemap](https://whatsamortgage.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Test post title](https://whatsamortgage.com/test-post-title/) - Test post content - [Inflation Relief Mortgage Rate Program For Homebuyers](https://whatsamortgage.com/inflation-relief-program/) - In light of the Federal Reserve's efforts to combat inflation by raising interest rates, mortgage payments and rates have been affected. But here's some great news for prospective home buyers: there’s a new program designed to ease the burden of your mortgage payments. Introducing the 'Inflation Relief Mortgage Rate Program' from select lenders! This program - [What Are Lender Credits And How Do They Work?](https://whatsamortgage.com/what-are-lender-credits-and-how-do-they-work/) - In today’s new generation of homeownership, it's easy to fall into the category of “house rich and pocket poor”, which means having tons of home equity but no cash flow for investments or emergencies. This can happen quickly when you cover all of your closing costs out of pocket. To avoid this, lender credit is - [Homeowner Equity Gains In 2021](https://whatsamortgage.com/homeowner-equity-gains-in-2021/) - In 2021, homeowners with mortgages (63% of all properties) in the U.S. have gained a total of over $3.2 trillion, or a 29.3% increase in home equity since 2020. The number of residential properties with negative equity dropped by about 3% from 1.5 million homes in 2020, to 1.1 million homes in 2021. Negative equity: - [How to Choose Between an FHA or Conventional Loan](https://whatsamortgage.com/how-to-choose-between-an-fha-or-conventional-loan/) - One of the hardest choices during the home buying process is deciding between an FHA loan or a conventional loan. First time home buyers especially go back and forth choosing between the two. The two programs have the biggest rivalry in the mortgage industry! Determining your loan program depends on your situation and what fits - [How to Avoid Private Mortgage Insurance](https://whatsamortgage.com/how-to-avoid-private-mortgage-insurance/) - When you buy a home with less than 20% down, you will have private mortgage insurance (PMI). If you buy a home with an FHA loan, PMI is permanent. If you buy a home with a conventional loan and put less than 20% down, PMI is permanent until you gain enough equity for it to - [The Truth About Why Lenders Have Different Interest Rates](https://whatsamortgage.com/the-truth-about-why-lenders-have-different-interest-rates/) - If you’ve ever wondered why lenders have different interest rates, look no further! The truth is, rates vary in small amounts depending on the cost of creating a loan. Even lenders who work at the same company often have different interest rates. At the end of the day, all home buyers are trying to buy - [New Construction Home Sales Drop in February](https://whatsamortgage.com/new-construction-home-sales-drop-in-february/) - New construction costs and high mortgage rates decreased new home sales for February despite demand remaining solid given the lack of existing home inventory. The purchase of a new construction home is accounted for at any stage of the building process so long as a contract is signed or a deposit is accepted. The HUD - [February Numbers Show A Drop in Existing Home Sales](https://whatsamortgage.com/february-numbers-show-a-drop-in-existing-home-sales/) - The housing market update for February shows existing-homes are not selling the way they used to. The monthly inventory of unsold homes saw a slight increase, totaling around 870,000 units, which is equivalent to 1.7 months supply of existing homes. This marks a 7.2% drop in sales compared to January's numbers and a 2.4% decrease - [Myths About Buying a Home with Your Spouse](https://whatsamortgage.com/myths-about-buying-a-home-with-your-spouse/) - Did you know that you don’t need to use your spouse’s credit when buying a home? Or have them on the mortgage application at all? This is a common misconception that affects home buyers everywhere! Don’t worry, here are a few good reasons not to include your spouse on your mortgage application that affect your - [Everything You Need To Know About Getting A Low Interest Rate](https://whatsamortgage.com/everything-you-need-to-know-about-getting-a-low-interest-rate/) - When it comes to buying a home, getting the lowest interest rate possible is essential to maximizing your long term and short-term budget. Locking in the lowest interest rate means you pay less interest over the duration of the loan and pay more money towards the principal amount. It’s important for home buyers to fight - [Pre Approval vs. Pre Qualified vs. Underwritten Approval- What’s the difference?](https://whatsamortgage.com/pre-approval-vs-pre-qualified-vs-underwritten-approval-whats-the-difference/) - Finding your dream house is easily the most exciting part of the home buying process. However, this excitement can quickly turn into heartbreak if you get approved for less than the purchase price, or your offer falls through in today’s competitive market…it happens more than you think. The key to avoiding this heartbreak is knowing - [Home Appreciation vs Inflation – What you Should Know](https://whatsamortgage.com/home-appreciation-vs-inflation-what-you-should-know/) - If you’re buying a home, it’s important to understand the difference between home appreciation vs inflation. Both look like an increase in the home’s value, but they have different effects on your bottom line. What is Home Appreciation? Appreciation occurs naturally. Real estate prices generally increase over time due to buyer demand, economic growth, or - [Understanding the Top 4 Mortgage Loan Programs](https://whatsamortgage.com/understanding-the-top-4-mortgage-loan-programs/) - Homebuyers have many options when buying a home today. Most don’t need the typical 20% down payment or perfect credit. We have many mortgage loan programs to help you become a homeowner sooner than you thought possible. Conventional, FHA, USDA, and VA loans are the most common loan programs available today. Here’s how they work. - [What Type of Homebuyer are You?](https://whatsamortgage.com/what-type-of-homebuyer-are-you/) - You have many options for financing when you’re buying a home, but to find the right financing, you must know what type of homebuyer you are first. Each loan program works for different scenarios. You’re either a first-time homebuyer, subsequent homebuyer, vacation homebuyer, or investment homebuyer. Each situation brings different scenarios to the lender and ## Pages - [Home](https://whatsamortgage.com/) - [Debt Consolidation Calculator](https://whatsamortgage.com/debtcalc/) - [Home Equity Loan Payment Calculator](https://whatsamortgage.com/heloccalc/) - [Privacy Policy](https://whatsamortgage.com/privacy-policy/) - Updated: May 6, 2021 Our Privacy Policy is designed to assist you in understanding how we collect, use and share your personal information and to assist you in making informed decisions when using our website (the “Site”) and our products and services (the “Services”). By using or accessing the Site or Services you consent to - [Media](https://whatsamortgage.com/media/) - [Current Mortgage Rates](https://whatsamortgage.com/current-mortgage-rates/) - Check the table below to see what today’s rates are at! The market data below is provided by OptimalBlue. Optimal Blue Mortgage Market Indices are calculated utilizing real-time, actual locked rates with consumers across approximately 35% of all mortgage transactions nationwide.OptimalBlue’s rate data is provided here for informational purposes only and should not be considered - [Welcome to What’s A Mortgage!](https://whatsamortgage.com/looking-to-get-started-youve-come-to-the-right-place/) - The first step to successful homeownership starts here… - [Blogs](https://whatsamortgage.com/blogs/) - [Calculator](https://whatsamortgage.com/calculator/) ## Animations - [Scene1](https://whatsamortgage.com/bdm-animations/scene1/) - [OUR BLOGS](https://whatsamortgage.com/bdm-animations/our-blogs/) ## Guides - [THE VA GUIDE](https://whatsamortgage.com/guide/the-va-guide/) - The VA (Veteran Affairs) loan, the program for Veteran home buyers! - [The Ultimate Mortgage Guide](https://whatsamortgage.com/guide/the-ultimate-mortgage-guide/) - The complete home buying process from start to finish! - [THE FHA GUIDE](https://whatsamortgage.com/guide/fha-guide/) - The FHA (Federal Housing Administration) loan, the most popular program for first time home buyers! - [THE CONVENTIONAL GUIDE](https://whatsamortgage.com/guide/the-conventional-guide/) - The Conventional loan, the recommended program for financially savvy homebuyers. - [THE ULTIMATE SELLERS GUIDE](https://whatsamortgage.com/guide/the-ultimate-sellers-guide/) - The entire process of selling your first, second, or third home! - [To refinance or not to refinance?](https://whatsamortgage.com/guide/refinance/) - All the factors to consider when refinancing your current mortgage. ## Categories - [Uncategorized](https://whatsamortgage.com/category/uncategorized/) - [First Time Home Buyer](https://whatsamortgage.com/category/first-time-home-buyer/) - [Homeownership](https://whatsamortgage.com/category/homeownership/) - [Interest Rates](https://whatsamortgage.com/category/interest-rate/) - [Housing Market](https://whatsamortgage.com/category/housing-market/) - [Closing Costs](https://whatsamortgage.com/category/closing-costs/) - [Market News](https://whatsamortgage.com/category/market-news/) ## Tags - [Pre-Approved](https://whatsamortgage.com/tag/pre-approved/) - [Pre-Qualified](https://whatsamortgage.com/tag/pre-qualified/) - [Underwritten Approval](https://whatsamortgage.com/tag/underwritten-approval/) - [Lender](https://whatsamortgage.com/tag/lender/) - [Underwriter](https://whatsamortgage.com/tag/underwriter/) - [Interest Rate](https://whatsamortgage.com/tag/interest-rate/) - [Mortgage Rate](https://whatsamortgage.com/tag/mortgage-rate/) - [Mortgage Points](https://whatsamortgage.com/tag/mortgage-points/) - [Co-Signer](https://whatsamortgage.com/tag/co-signer/) - [Co-Borrower](https://whatsamortgage.com/tag/co-borrower/) - [Spouse](https://whatsamortgage.com/tag/spouse/) - [Credit](https://whatsamortgage.com/tag/credit/) - [Mortgage](https://whatsamortgage.com/tag/mortgage/) - [FHA](https://whatsamortgage.com/tag/fha/) - [Conventional](https://whatsamortgage.com/tag/conventional/) - [Loan](https://whatsamortgage.com/tag/loan/) - [Housing Market](https://whatsamortgage.com/tag/housing-market/) - [Market Update](https://whatsamortgage.com/tag/market-update/) - [Real Estate](https://whatsamortgage.com/tag/real-estate/) - [Housing Inventory](https://whatsamortgage.com/tag/housing-inventory/) - [New Construction](https://whatsamortgage.com/tag/new-construction/) - [Home Sales](https://whatsamortgage.com/tag/home-sales/) - [Mortgage Program](https://whatsamortgage.com/tag/mortgage-program/) - [Home Loan](https://whatsamortgage.com/tag/home-loan/) - [Lender Credit](https://whatsamortgage.com/tag/lender-credit/) - [Closing Costs](https://whatsamortgage.com/tag/closing-costs/) - [Mortgage Payment](https://whatsamortgage.com/tag/mortgage-payment/) - [Market News](https://whatsamortgage.com/tag/market-news/) - [Home Equity](https://whatsamortgage.com/tag/home-equity/) - [Homeownership](https://whatsamortgage.com/tag/homeownership/)