So Why Do Mortgage Rates Change So Much?

Have you ever called a mortgage company and received a quote and then called back the next day and the same rate was no longer available?? Mortgage companies, Banks and Credit Unions are subject to potential daily and even hourly shifts in the market. Interest rates fluctuate on the simple principal of supply and demand.   Continue reading “So Why Do Mortgage Rates Change So Much?”

Pre-Qualification vs. Pre-Approval

In Today’s Real Estate Market, it is more important than ever to have a Pre-Qualification in hand when shopping for a home that has been prepared by a reputable Lender, Bank or Credit Union.  The terminology has changed from Pre-Approval to Pre-Qualification depending upon the detail of the Approval provided. Pre-Qualification A mortgage loan pre-qualification isContinue reading “Pre-Qualification vs. Pre-Approval”

Apply for a Mortgage with Bill Nickerson

Hi, My name is Bill Nickerson and I am a Senior Loan Officer with PHH Home Loans. A company that started back in 1946.  I have been providing residential mortgages since 1991. One of the steps in preparing yourself for home ownership is to obtain an approval from your lender or bank.  This process involves fillingContinue reading “Apply for a Mortgage with Bill Nickerson”