5 Mortgage Misconceptions Set Straight
Looking for a home loan? Get your facts straight so you can proceed with confidence.
Looking for a home loan? Get your facts straight so you can proceed with confidence.
Despite a slight uptick this week, mortgage rates are still pretty much rock bottom, and unarguably at ridiculously low levels. This has sparked yet another refinance boom, with mortgage application volume rising to its highest point since May 2009, per the latest data dump from the Mortgage Bankers Association. This is great news for existing [&hellip
The post Are the Low Mortgage Rates a Home Buyer Trap? first appeared on The Truth About Mortgage.
There are a lot of good reasons to buy a house, and probably a lot of bad ones too. But all too often, folks seem to get fixated on the investment side of things above all else, as if theyâre playing the stock market. This is especially true at the moment, with home prices up [&hellip
The post 10 Reasons to Buy a House Other Than for the Investment first appeared on The Truth About Mortgage.
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called âg-feesâ in exchange for purchasing their loans and bundling them into mortgage-backed securities, which are then sold to investors on the secondary market. [&hellip
The post Why Your Mortgage May Get More Expensive first appeared on The Truth About Mortgage.
At the start of each year, the financial pundits weigh in on the direction of many things for the 365 days that lie ahead, including mortgage rates. And seeing that rates began 2013 at near all-time lows, the obvious (and conservative) prediction is to say that rates will rise. Most individuals also seem to believe [&hellip
The post Last Chance to Get a Mortgage Rate Under 4%? first appeared on The Truth About Mortgage.
Life can be unpredictable, and financial setbacks can crop up at any time–whether thatâs a job loss, medical or dental bills, a fender bender, or a major appliance that suddenly stops working. An emergency savings fund is a lump sum of cash set aside to cover any unanticipated expenses or financial emergencies that may come […]
The post Why Having Emergency Savings Should Be a Financial Priority appeared first on SoFi.
It’s your first car; your first foray into the automotive world. You’re excited, eager, and you spend your time looking for cars that you can show off to your friends, cars made for speed, power, performance. But none of those things really matter when you’re buying your first car. Your main goal should be function […]
Cheapest Cars for Car Insurance is a post from Pocket Your Dollars.
A while back, I mentioned that it appeared as if we were running out of homes for sale, despite being just years (or days) out of the housing crisis. I was being somewhat facetious, but itâs true that there are very few homes for sale these days, at least in areas where people want to [&hellip
The post Housing Inventory Lowest Since 2007, But Median Price Unchanged first appeared on The Truth About Mortgage.