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Newsletter 2/21/2023

Newsletter 2/21/2023

Newsletter - 2/21/2023 Week of February 13, 2023 in Review Home construction slowed in January but rising confidence among home builders this year is an encouraging sign. Also encouraging is the continued decline in the annual rate of inflation, although

Feb 21, 2023 |

What is a Closing Disclosure?

What is a Closing Disclosure?

What is a closing Disclosure?   Before closing  you will receive the “Initial Closing Disclosure” which is typically your last official estimate prior to closing.  The “Closing Disclosure” is a time sensitive document that needs to be signed at least thre

Feb 20, 2023 |

What is a Loan Estimate?

What is a Loan Estimate?

What is a Loan Estimate?  A Loan Estimate tells you important details about a mortgage loan you have requested. Review your Loan Estimate to make sure it reflects all of the terms  you discussed with us, and all of the names are spelled correctly.   Let u

Feb 19, 2023 |

John's Purchase Calculator Instructions

John's Purchase Calculator Instructions

Use our mortgage and closing calculator with up-to-date information about local property tax and insurance to get an accurate estimate of your payment and closing costs in the following Alabama areas: Jefferson county Shelby county Madison county Tuscalo

Feb 18, 2023 | Mortgage Rates and Calculators Alabama

Tired of Renting?

Tired of Renting?

Own or Rent?   Would love to buy a home,but not sure if you can qualify?   Why not see what you could qualify for by calling 205-266-5669 or emailing jmarbury@1stfed.com   We can provide you with an online mortgage calculator that will show you what your

Feb 16, 2023 |

Freddie Mac Rate Survey - 6.32% - Higher for 2nd week in a row

Freddie Mac Rate Survey - 6.32% - Higher for 2nd week in a row

Mortgage Rates Increase for the Second Consecutive Week February 16, 2023 Mortgage rates moved up for the second consecutive week. The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing costs

Feb 16, 2023 |