When you make a large purchase like a home or a car, itâs not uncommon to borrow money to complete the transaction. Most people donât keep tens of thousands of dollars on hand for large purchases, and thatâs when a lender can come in handy. Loans are not done out of goodwill, though. When banks […]
The post A Guide to Understanding Current Interest Rates appeared first on The Simple Dollar.
Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Limits start at $350K.
After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% during the week ending Dec. 11 amid mortgage rates that hit a new survey low.
The post Mortgage applications rebound as mortgage rates drop appeared first on HousingWire.
The Housing Policy Council issued a comment on the Conference of State Bank Supervisorsâ new proposed standards for nonbank mortgage servicers. In its comments, HPC suggests that regulators need to align on the issues in order to avoid disruption.
The post HPC urges regulators to align nonbank servicer standards appeared first on HousingWire.
A Federal Housing Administration (FHA) loan or FHA loan is insured by the federal government. First-time home buyers and those with lower credit scores and lower down payments are more likely to qualify for an FHA loan. A conventional loan isnât insured by the government. Itâs instead backed by a private mortgage lender and the… Read More
The post Should You Get an FHA or Conventional Loan? appeared first on Credit.com.
Many people mistakenly believe they canât afford to buy a home because they donât really know what their options are. Fortunately, home loans are not one-size-fits-all. There are a variety of different mortgages available to…
The post 8 Types of Home Loans Available for Homebuyers appeared first on Crediful.
The government providesÂ first-timeÂ homebuyersÂ across the United States with the help they need to make their first bigÂ real estateÂ purchase. It offers many of the same opportunities to veterans andÂ low-incomeÂ buyers. In this guide, we’ll look at the bestÂ loan programsÂ and resources available in all 50 states, helping you to buy yourÂ new homeÂ wherever you are in the United States. Alabama […]
Best Government Resources for Buying a Home in Every State is a post from Pocket Your Dollars.
Industry observers say 2021 is an ideal time for many homeowners to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage – namely, middle-aged homeowners with several years of equity on their current property.
The post Should you refinance to a 15-year mortgage in 2021? appeared first on HousingWire.
The home buying process was eye opening for several reasons, but what I found most surprising was how many homebuyers owed more on their mortgage than the original mortgage was worth.
The post Your Home Is An Investment, But Not If You Raid It Constantly appeared first on Bible Money Matters and was written by Melissa. Copyright Â© Bible Money Matters – please visit biblemoneymatters.com for more great content.
When you buy a house, a big part of a lender’s decision whether to approve your mortgage rests on whether or not you can afford it.If you have a lot of debt, the monthly payments on those obligations chip away at the total amount you can pay each month on a mortgage. But that doesn’t… Read More
The post Paying Off Debt to Buy a House appeared first on Credit.com.