Category: blog

Appraisal Condition Rating Definitions

Appraisal Condition Rating Definitions

Freddie Mac and Fannie Mae have an ongoing effort in place to enhance accuracy and quality of loan data. One piece of this effort is to standardize the way properties are characterized during an...

ARM vs Fixed Rate Blog

ARM vs Fixed Rate Blog

A Fixed-Rate Mortgage or Fixed Rate Loan applies the same interest rate toward monthly loan payments for the life of the loan. Fixed-Rate Loans are more straightforward and easier to understand than Adjustable Rate...

Cranbrook Loans

Rates, Fees Guarantee.  We are confident that our rates and fees are the most competitive in the industry.

Interest Only

Interest Only

-Extremely low payments… -Interest Only loans are typically Adjustable Rates with fixed terms of 1,3, 5, 7, and 10 years in length. -Usually the adjustable term matches the interest only term. That means after...

Weather Chills the Hot Housing Market

Weather Chills the Hot Housing Market

With the cold weather in January and February of 2014, the housing market slowed. Its expected to pick up steam as more potential homeowners look to take advantage of still low home prices.

Know that your rate will not increase Plan to own more than 7 years Long-term ownership, this is your loan!