PHH Home Loans, LLC Blog

Reasons to Keep Good Credit After Your Home Purchase

You knows how important it is to have a strong credit score when you’re buying a house. Keeping your credit score good after you’ve purchased is just as critical because if you let your score drop after you close escrow, you will see a negative impact you in a few important ways. Refinancing If rates drop after you’ve moved in or you didn’t get the greatest rate to begin with, refinancing might be your answer since it can save you money every month and over the life of your loan. If your credit score has gone up since you purchased, which often happens after a mortgage ...

August 31st, 2017 Reasons to Keep Good Credit After Your Home Purchase

Mortgage Rate 101: Getting Down to Basics

Looking for a house can be exciting. Looking for the right mortgage and interest rate? Not so much.   There’s no argument: the financial considerations of a purchase can be confusing and stressful. Learning the basics can help you better understand your needs and give you a firm foundation on which you can build your search – but it’s always advisable to speak with a qualified lender before you decide.Mortgage rates – the basics Generally speaking, mortgages can be broken down into two main types: fixed rate and adjustable rate. The difference between the two...

August 31st, 2017 Mortgage Rate 101: Getting Down to Basics

Smart Home Technology: 6 Gadgets That Will Increase Home Efficiency

For bolstered efficiency and enhanced convenience, it’s worth it to equip your home with the newest technology. There are practical smart home devices that will help you save on utility costs, ensure the safety of your home and assist in home maintenance. There are also more personalized gadgets that will help you monitor health, ensure your pet's safety, and also provide multifaceted assistance in home management. Tailor your home with the right technology for you and your family. Here is a list of the best smart home gadgets you should invest in: Nest Thermostat The Nest Thermostat pay...

August 31st, 2017 Smart Home Technology: 6 Gadgets That Will Increase Home Efficiency

PHH Home Loans Market Commentary

This week brings us the release of seven pieces of economic data for the markets to digest, including a couple of extremely important reports. There is relevant data being posted each day of the week except Monday, with the most important things coming late in the week. Therefore, we can expect to see a pretty active week for bonds and mortgage rates. The Conference Board will post their Consumer Confidence Index (CCI) for August late Tuesday morning. This index measures consumer sentiment about their personal financial and employment situations, giving us a measurement of consumer willingness...

August 28th, 2017 PHH Home Loans Market Commentary

Consider Total Costs When Mortgage Rates Rise

Price is only one cost related to buying a home. Unless you are paying all cash for your home, you’ll need a mortgage loan. Rates are going up, and the terms of your mortgage loan will impact how much your home costs on a monthly basis as well as how much you pay in interest over the life of the loan. There are a number of things that impact the interest rate including the kind of loan you are getting such as FHA, jumbo or conventional, whether your rate is fixed or adjustable, how good your credit scores are, and how much money you are putting down so that the lender can lend you less m...

August 24th, 2017 Consider Total Costs When Mortgage Rates Rise

PHH Home Loans Market Commentary

This week brings us the release of only three pieces of economic data that may influence mortgage rates in addition to the annual Jackson Hole Fed conference. There is nothing of importance set for Monday or Tuesday, but there is at least one event or report scheduled every other day of the week. Only one of the reports can be considered very important. As a result, it is likely that we will see the most movement in rates later in the week. July’s New Home Sales data is the first report of the week, coming Wednesday morning at 10:00 AM ET. This report will give us an indication of housin...

August 21st, 2017 PHH Home Loans Market Commentary

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PHH Home Loans, LLC

PHH Home Loans, LLC, 1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID # 4256. (www.nmlsconsumeraccess.org). Massachusetts Licensed Lender #MC4256; Licensed by the New Hampshire Banking Department; Rhode Island Licensed Lender. Equal Housing Lender.

PHH Home Loans, LLC d/b/a Coldwell Banker Home Loans.  1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID #4256. (www.nmlsconsumeraccess.org) Alaska Licensed Mortgage Lender #AK4256-2, 866-462-8266; Arizona Residential Mortgage Licensee #BK 0907285; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Licensed by the Delaware State Bank Commissioner  #8094; Georgia Residential Mortgage Licensee #20292; Illinois Residential Mortgage Licensee #MB.6759857; 100 W. Randolph, 9th floor, Chicago, IL 60601, 800-532-8785; Massachusetts Licensed Lender and Mortgage Broker #MC4256; Minnesota – This is not an offer to enter an interest rate lock-in agreement; Montana Licensed Mortgage Lender #4256; Licensed by the New Hampshire Banking Department; Licensed by the New Jersey Department of Banking and Insurance; Licensed Mortgage Banker – NYS Banking Department; Ohio Certificate of Registration  MB. 804019; Rhode Island Licensed Lender. Equal Housing Lender.