If you’ve started shopping for a mortgage or home loan, you might have come across the term Good Faith Estimate (GFE). While once a standard part of the mortgage process, the GFE has evolved over time—and today, it’s no longer…
When it comes to getting a mortgage, most people think in terms of traditional loan types—like conventional, FHA, or VA loans. But not everyone fits neatly into the standard lending box. That’s where Non-QM loans come in. At Rapid Home…
If you’re planning to buy a home or refinance your mortgage, you’ve probably heard the term “debt-to-income ratio” — often shortened to DTI. But what does it actually mean, and why do lenders care about it? At Rapid Home Loan,…
Your home isn’t just a place to live—it’s also one of your biggest financial assets. If you’ve built up equity in your home, you may have access to cash that can be used for major expenses like home renovations, paying…
If you’re carrying student loan debt and dreaming of buying a home, you’re not alone—and you’re not out of luck. At Rapid Home Loan, one of the most common questions we hear is:”Can I still get a mortgage if I…
If you’re in the market for a home or considering refinancing, you’ve probably heard the term PMI tossed around. But what exactly is PMI? And more importantly, when do you need it? At Rapid Home Loan, we believe that understanding…
If you’re thinking about buying a home, you’ve probably heard the word “mortgage” thrown around a lot. But what exactly is a mortgage, and how does it work? At Rapid Home Loan, we’re here to break it down in simple…
With mortgage rates shifting more often than ever, many homeowners and buyers are asking the same question:”Should I lock in my mortgage rate now, or wait?” At Rapid Home Loan, we get this question daily—and the answer depends on your…
Inflation has been a hot topic in recent years—and for good reason. As prices for goods and services rise, everything from groceries to gas becomes more expensive. But inflation doesn’t just affect your everyday purchases—it also plays a major role…
In recent years, we’ve seen central banks raise interest rates in an effort to manage inflation and stabilize the economy. But what does that actually mean for you as a homeowner? At Rapid Home Loan, we believe in making complex…
