--- title: The Mortgage Statement Blog | Arkansas Mortgage | Mortgage payment description: Mortgage payment | Bank of Little Rock Mortgage's blog on everything from home loans to refinancing --- [![Bank Of Little Rock Mortgage](https://blog.blrmortgage.com/hs-fs/hubfs/images/logo-1.png?width=730&height=217&name=logo-1.png "Bank Of Little Rock Mortgage")](http://www.blrmortgage.com/) # The Mortgage Statement ## [Monday Mortgage Memo: January 7, 2013](https://blog.blrmortgage.com/blog/bid/258430/Monday-Mortgage-Memo-January-7-2013) Posted by [Scott McElmurry](https://blog.blrmortgage.com/blog/author/scott-mcelmurry) on Fri, Jan 11, 2013 @ 03:31 PM - [Tweet](https://twitter.com/share) [![](https://blog.blrmortgage.com/hs-fs/file-28702721-jpeg/images/blrm_email20banner_green_600x2002.jpeg) ](https://blog.blrmortgage.com/blog/bid/258430/Monday-Mortgage-Memo-January-7-2013) Mortgage rates remain the same from last week with a 2.5 percent for a 15-year fixed rate and 3.125 percent for both 30-year and 20-year fixed rates. And these rates are expected to stay low at least for the rest of the month.  When it comes to applying for a home loan or refinancing, it's important to have all of your facts straight. There are several myths you may come across before and after you apply that may stop you from accessing all of your home loan options. Here's [a great article from Inman News](http://www.inman.com/buyers-sellers/columnists/jackguttentag/4-refinance-myths-debunked), an online news source dedicated to real estate and mortgage information, that debunks several misconceptions about the mortgage process.   Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call it[The Mortgage Statement](https://blog.blrmortgage.com/blog).   Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy way for you to [get prequalified for a mortgage online.](http://www.blrmortgage.com/get-preapproved-for-a-home-loan/) If you have any questions, comments or concerns, we would love to hear from you. Just contact [Arkansas mortgage lenders](http://www.blrmortgage.com/contact-us/) and view or [Arkansas mortgage calculator](http://www.blrmortgage.com/simple-mortgage-calculators/). Happy Monday, Scott McElmurry President & CEO of Bank of Little Rock Mortgage NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our [Today's Rates](http://www.blrmortgage.com/what-are-todays-mortgage-rates/) page.   [Read More](https://blog.blrmortgage.com/blog/bid/258430/Monday-Mortgage-Memo-January-7-2013) 1 Comment [Click here to read/write comments](https://blog.blrmortgage.com/blog/bid/258430/Monday-Mortgage-Memo-January-7-2013#comments-listing) Tags: [Current mortgage rates](https://blog.blrmortgage.com/blog/topic/current-mortgage-rates), [Mortgage payment](https://blog.blrmortgage.com/blog/topic/mortgage-payment) ## [How to Keep An Eye Out for Home Loan Scams](https://blog.blrmortgage.com/blog/bid/246467/How-to-Keep-An-Eye-Out-for-Home-Loan-Scams) Posted by [Scott McElmurry](https://blog.blrmortgage.com/blog/author/scott-mcelmurry) on Wed, Nov 28, 2012 @ 11:38 AM - [Tweet](https://twitter.com/share) [![](https://blog.blrmortgage.com/hs-fs/file-18407385-jpeg/images/istock_000020020382_medium-1.jpeg) ](https://blog.blrmortgage.com/blog/bid/246467/How-to-Keep-An-Eye-Out-for-Home-Loan-Scams)  Just like any other industry, the mortgage-lending field is not without its bad apples. As a borrower, you have to keep an eye out for mortgage scams that can hurt everything from your credit score to your personal finances to your home ownership. Our number one priority is to help you get a home loan that benefits you the most. We want to make sure you pass through the mortgage process armed with the knowledge to keep yourself protected against potential mortgage scams.    [Read More](https://blog.blrmortgage.com/blog/bid/246467/How-to-Keep-An-Eye-Out-for-Home-Loan-Scams) 0 Comments [Click here to read/write comments](https://blog.blrmortgage.com/blog/bid/246467/How-to-Keep-An-Eye-Out-for-Home-Loan-Scams#comments-listing) Tags: [mortgage insurance](https://blog.blrmortgage.com/blog/topic/mortgage-insurance), [Mortgage payment](https://blog.blrmortgage.com/blog/topic/mortgage-payment), [first-time home buying](https://blog.blrmortgage.com/blog/topic/first-time-home-buying) ## [Monday Mortgage Memo: November 26, 2012](https://blog.blrmortgage.com/blog/bid/246479/Monday-Mortgage-Memo-November-26-2012) Posted by [Scott McElmurry](https://blog.blrmortgage.com/blog/author/scott-mcelmurry) on Mon, Nov 26, 2012 @ 04:00 PM - [Tweet](https://twitter.com/share) [![](https://blog.blrmortgage.com/hs-fs/file-28702721-jpeg/images/blrm_email20banner_green_600x2002.jpeg) ](https://blog.blrmortgage.com/blog/bid/246479/Monday-Mortgage-Memo-November-26-2012) [Read More](https://blog.blrmortgage.com/blog/bid/246479/Monday-Mortgage-Memo-November-26-2012) 0 Comments [Click here to read/write comments](https://blog.blrmortgage.com/blog/bid/246479/Monday-Mortgage-Memo-November-26-2012#comments-listing) Tags: [How to buy a home](https://blog.blrmortgage.com/blog/topic/how-to-buy-a-home), [Mortgage payment](https://blog.blrmortgage.com/blog/topic/mortgage-payment), [Get preapproved online](https://blog.blrmortgage.com/blog/topic/get-preapproved-online) ## [As a Homeowner, Am I Required to Have Mortgage Insurance](https://blog.blrmortgage.com/blog/bid/244891/As-a-Homeowner-Am-I-Required-to-Have-Mortgage-Insurance) Posted by [Scott McElmurry](https://blog.blrmortgage.com/blog/author/scott-mcelmurry) on Mon, Nov 19, 2012 @ 01:18 PM - [Tweet](https://twitter.com/share) [![](https://blog.blrmortgage.com/hs-fs/file-18406766-jpg/images/istock_000018554166xsmall.jpg) ](https://blog.blrmortgage.com/blog/bid/244891/As-a-Homeowner-Am-I-Required-to-Have-Mortgage-Insurance) After you spend a great deal of money on a house, the last thing want to think about having is paying even more for insurance. One insurance bill you will be paying is homeowner’s insurance, which helps pay for large-scale home repairs after damages to your property. However, there is also mortgage insurance, which has less to do with your property and more to do with your actual mortgage payments. There are generally two types of mortgage insurance: Private Mortgage Insurance and Mortgage Life Insurance. [Read More](https://blog.blrmortgage.com/blog/bid/244891/As-a-Homeowner-Am-I-Required-to-Have-Mortgage-Insurance) 3 Comments [Click here to read/write comments](https://blog.blrmortgage.com/blog/bid/244891/As-a-Homeowner-Am-I-Required-to-Have-Mortgage-Insurance#comments-listing) Tags: [mortgage insurance](https://blog.blrmortgage.com/blog/topic/mortgage-insurance), [Mortgage payment](https://blog.blrmortgage.com/blog/topic/mortgage-payment), [first-time home buyer](https://blog.blrmortgage.com/blog/topic/first-time-home-buyer) ## [What Costs are Included in a Mortgage Payment?](https://blog.blrmortgage.com/blog/bid/223107/What-Costs-are-Included-in-a-Mortgage-Payment) Posted by [Scott McElmurry](https://blog.blrmortgage.com/blog/author/scott-mcelmurry) on Wed, Sep 19, 2012 @ 05:03 PM - [Tweet](https://twitter.com/share) [![](https://blog.blrmortgage.com/hs-fs/file-18407932-jpg/images/istock_000020042043xsmall.jpg) ](https://blog.blrmortgage.com/blog/bid/223107/What-Costs-are-Included-in-a-Mortgage-Payment)                                                                                                          So before you apply for a mortgage and settle on a property, make sure you are capable of paying back more than what you have borrowed. During the approval process, your mortgage bank will assist you in helping you plan out your payment process and understand exactly what you can afford. [Read More](https://blog.blrmortgage.com/blog/bid/223107/What-Costs-are-Included-in-a-Mortgage-Payment) 1 Comment [Click here to read/write comments](https://blog.blrmortgage.com/blog/bid/223107/What-Costs-are-Included-in-a-Mortgage-Payment#comments-listing) Tags: [what is involved in buying a home](https://blog.blrmortgage.com/blog/topic/what-is-involved-in-buying-a-home), [Mortgage payment](https://blog.blrmortgage.com/blog/topic/mortgage-payment) [All Posts](https://blog.blrmortgage.com/blog/all) ### Subscribe Email ### Latest Posts ### Posts by category - [choose a mortgage (10)](https://blog.blrmortgage.com/blog/topic/choose-a-mortgage) - [Closing (1)](https://blog.blrmortgage.com/blog/topic/closing) - [credit score (1)](https://blog.blrmortgage.com/blog/topic/credit-score) - [Current mortgage rates (6)](https://blog.blrmortgage.com/blog/topic/current-mortgage-rates) - [first-time home buyer (5)](https://blog.blrmortgage.com/blog/topic/first-time-home-buyer) - [first-time home buying (6)](https://blog.blrmortgage.com/blog/topic/first-time-home-buying) - [Get pre-qualified online (1)](https://blog.blrmortgage.com/blog/topic/get-pre-qualified-online) - [Get preapproved online (2)](https://blog.blrmortgage.com/blog/topic/get-preapproved-online) - [Get prequalified online (3)](https://blog.blrmortgage.com/blog/topic/get-prequalified-online) - [how do I calculate my credit score (1)](https://blog.blrmortgage.com/blog/topic/how-do-i-calculate-my-credit-score) - [How do I refinance (6)](https://blog.blrmortgage.com/blog/topic/how-do-i-refinance) - [How to buy a home (7)](https://blog.blrmortgage.com/blog/topic/how-to-buy-a-home) - [mortgage insurance (2)](https://blog.blrmortgage.com/blog/topic/mortgage-insurance) - [Mortgage payment (5)](https://blog.blrmortgage.com/blog/topic/mortgage-payment) - [mortgage rates (6)](https://blog.blrmortgage.com/blog/topic/mortgage-rates) - [preapproval (1)](https://blog.blrmortgage.com/blog/topic/preapproval) - [prequalification (1)](https://blog.blrmortgage.com/blog/topic/prequalification) - [refinance your home (1)](https://blog.blrmortgage.com/blog/topic/refinance-your-home) - [Rent vs. Buy (1)](https://blog.blrmortgage.com/blog/topic/rent-vs-buy) - [what is a credit score (1)](https://blog.blrmortgage.com/blog/topic/what-is-a-credit-score) - [what is exactly is a mortgage refinance (1)](https://blog.blrmortgage.com/blog/topic/what-is-exactly-is-a-mortgage-refinance) - [what is involved in buying a home (2)](https://blog.blrmortgage.com/blog/topic/what-is-involved-in-buying-a-home) ### Follow Me © 2015 [Privacy/Legal](https://blrmortgage.hs-sites.com/blog) [Site Map](https://blrmortgage.hs-sites.com/blog)