Anyone looking for a mortgage for a home purchase will need to come to grips with interest rates. This is a confusing area for many buyers but one you have to get an understanding of if you want to save money. When you take out a mortgage, the amount you have to pay...
If you're in the market for a new home, you'll want to be just as careful in picking a lender as you are in choosing a home. Loans and lenders come in all shapes and sizes. If you want the very best rate and terms, then make sure you talk with multiple lenders before...
So you want to buy a home but don't have a lot of money for a down payment. Or, perhaps your credit score is less than stellar. Maybe it's both. Any interested home buyer who's in this situation will want to consider the FHA loan. This government-backed loan, through...
For most people aspiring to become a homeowner, getting a home loan is all part of the process. But if your credit is less than perfect, and you're living from paycheck to paycheck, then getting a mortgage can look hopeless. Lenders want the assurance that an...
The Wall Street Journal reported in early September that Standard & Poor's Case-Shiller U.S. National Home Price index of real estate values increased this past quarter over the first quarter of 2009. This is the first quarter-on-quarter increase in three years....
Mortgage rates are at historic lows, thanks to the European debt crisis. The average rate for a 30- year fixed loan as of mid-May 2010 is 4.87%, according to Bankrate.com-the lowest rate for the 30 years since Bankrate started keeping track 25 years ago. Jumbo loan...
Mortgage rates are at historic lows, thanks to the European debt crisis. The average rate for a 30- year fixed loan as of mid-May 2010 is 4.87%, according to Bankrate.com-the lowest rate for the 30 years since Bankrate started keeping track 25 years ago. Jumbo loan...
Extension of Homebuyer Tax Credit and Exemption from Tax Credit Recapture Rules Ease the Home Buying Purchase for Members of the Military Military families seeking to buy a home can count on a little tax help. The Homebuyers Tax Credit which provides eligible buyers...
AVONDALE, AZ September 24, 2010—The National Association of Exclusive Buyer Agents supports efforts by the new Consumer Financial Protection Bureau (CFPB) to simplify the mortgage process for consumers. The CFPB is charged with combining and simplifying two disclosure...
In my post last week, I mentioned that while “loans like FHA and VA wouldn’t have the same restrictions, I heard talk in DC about raising the down payment.” Yesterday, I learned just how serious that talk was. According to an article in the Washington Post on May...
When you begin the journey of buying a home, there is a critical step that should not be overlooked. Namely, obtaining a mortgage pre-approval! This may seem counter-intuitive for first-time home buyers. After all, how can you apply for a mortgage without knowing...
Buying a condominium may become easier in the near future, thanks to recent changes in the Federal Housing Administration (FHA) mortgage program. The new FHA mortgage rules, applying specifically to condominiums, became effective August, 2016 with the passage of Bill...