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Hard Inquiry vs. Soft Inquiry — What’s the Difference?

Hard Inquiry vs. Soft Inquiry — What’s the Difference?

by Mark Maldonado | Jul 17, 2024 | Credit Scoring

Knowing the difference between a hard inquiry vs soft inquiry can help you maintain a good credit score. Here’s what you need to know. Most people know that your credit score can drop if you miss a payment or have a new collection filed against you. But how...
Understanding Warrantable vs. Non-Warrantable When Purchasing a Condo

Understanding Warrantable vs. Non-Warrantable When Purchasing a Condo

by Mark Maldonado | Jul 16, 2024 | Home Buyer Tips

When you’re shopping for a condo, there’s a bit more on your plate than just the typical homebuying concerns like credit scores, interest rates, and loan programs. A crucial aspect is understanding the role of the Homeowners’ Association (HOA) and...
What’s Ahead For Mortgage Rates This Week – July 15th, 2024

What’s Ahead For Mortgage Rates This Week – July 15th, 2024

by Mark Maldonado | Jul 15, 2024 | Financial Reports

With lofty expectations, the CPI delivered a lower-than-expected inflation increase, leading to a positive uptake across many lending partners and markets. However, the PPI was on the opposite end of that, with a higher-than-expected inflation rate increase, muting...
What’s Ahead For Mortgage Rates This Week – July 15th, 2024

What’s Ahead For Mortgage Rates This Week – July 15th, 2024

by Mark Maldonado | Jul 15, 2024 | Financial Reports

With lofty expectations, the CPI delivered a lower-than-expected inflation increase, leading to a positive uptake across many lending partners and markets. However, the PPI was on the opposite end of that, with a higher-than-expected inflation rate increase, muting...
The Difference Between Pending And Contingent Deals

The Difference Between Pending And Contingent Deals

by Mark Maldonado | Jul 12, 2024 | Mortgage

The real estate market can be a bit confusing, especially when you encounter terms like “pending” and “contingent” deals. Understanding these terms is crucial whether you’re a buyer or a seller, as they can significantly impact the...
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Federal Hill Mortgage Company, LLC is a broker and lender licensed in MD, DE, PA, VA, DC, NC & FL.

Company NMLS #176351. Equal housing lender.

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