Debt consolidation refinance: How it works, pros and cons
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.
Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.
While it wasn’t quite the biggest surprise of 2020, the strength of the housing market was one of the best. The just-released numbers for December keep the good times rolling. Leading the charge was December’s Existing Home Sales report from the National Association of Realtors (NAR). The annual pace wasn’t quite at the recent 15-year high seen 2 months ago, but it hasn’t really fallen since then. No complaints. If you want to see more 15-year records broken, you’ll have to rely on The Census Bureau’s New Residential Construction numbers. While not a direct measure of New Home Sales, the correlation is high (we’ll get the official sales numbers next Thursday). For now, we can bask in the warm glow of another long-term high in Housing Starts. With sales and construction numbers like this, it
Posted To: MND NewsWire
The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 876,000 units in December 2020. This is an increase of 5.9 percent from the November pace of 827,000 units. On an unadjusted basis, there were an estimated 59,000 new home sold during the month, unchanged from the same level in November. “The new home…(read more)
When it came to institutions moving quickly to meet shifting consumer needs during the pandemic, JPMorgan Chase was no exception.
The post Chase sees huge digital adoption in home lending business appeared first on HousingWire.
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.
If you have credit issues, don’t worry. There are things you can do to rebuild your credit history. Credit builder loans are a great way to rebuild your payment history and improve your credit score. This article looks at how credit builder loans work and how they can help your credit score. Get Pre-Approved for […]
The post How Credit Builder Loans Work appeared first on The Lenders Network.
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.
Mortgage payments are generally very stable and will remain the same over many years, if not for the entire life of the mortgage. This is one of the many benefits of getting a mortgage over renting a home. But there are times when mortgage payments do change, and if your monthly payment has recently increased, it could be down to […]
Why Did My Mortgage Payment Go Up? is a post from Pocket Your Dollars.
How easily veterans adjust to their lives after service depends on many factors, not the least of which is their ability to maintain adequate finances to cover their home payments and daily needs. There’s good news for vets on that … Continue reading →
The post Best States for Veterans – 2020 Edition appeared first on SmartAsset Blog.