by VLC Staff | Apr 25, 2022 | Education, Financial, First-Time Homebuyers, Home Buying, Home Loan, Mortgage, Mortgage Loan, Mortgage Rate Lock, Mortgage Refinance
7 Common Questions About Mortgage Rate Locks What is a Mortgage Rate Lock? A mortgage rate lock prevents the interest rate on your home loan from increasing or decreasing within a specified timeframe before closing, typically 30-60 days or more depending on the terms...
by VLC Staff | Apr 14, 2022 | Education, Financial, Home Buying, Mortgage, Mortgage Loan, Underwater Mortgage
What is an Underwater Mortgage? An underwater mortgage or upside-down mortgage is when the value of your property is less than the remaining mortgage you still owe on the property. Underwater mortgages most commonly occur during an economic downturn when the value of...
