lending
Medical Collections Killing Refinance Frenzy?
Everyone knows mortgage rates have plummeted in recent weeks, but what does that actually mean for those looking to refinance? With tough guidelines in place and flagging property values, it could equate to a lot of spinning wheels and paperwork. And one mortgage banker is arguing that erroneous medical collections showing up on potential borrowersâ [&hellip
The post Medical Collections Killing Refinance Frenzy? first appeared on The Truth About Mortgage.
What is a Home Equity Line of Credit?
As housing prices continue to rise homeowners are looking into how they can leverage their homeâs equity to receive low-interest financing. A home equity line of credit, or HELOC, is a great way to gain access to a line of credit based on a percentage of your homeâs value, less the amount you still own […]
The post What is a Home Equity Line of Credit? appeared first on Credit Absolute.
MBA Ups 2009 Mortgage Forecast by $800 Billion
More good newsâ¦for loan originators. The Mortgage Bankers Association increased its 2009 mortgage lending forecast by $800 billion to $2.78 trillion thanks to the expected refinance bonanza. The group now expects refinancing to total $1.96 trillion in 2009 and purchase originations to ring in at $821 billion. The refinance figure is up from an estimated [&hellip
The post MBA Ups 2009 Mortgage Forecast by 0 Billion first appeared on The Truth About Mortgage.
Are Kit Homes Worth the Investment?
You can order anything on the internet these daysâeven a house. But as with other online purchases, itâs a good idea to do some research first. Kit houses are often considerably more affordable than a new home custom built from the ground up. And just like other homes, they have the capacity to appreciate in […]
The post Are Kit Homes Worth the Investment? appeared first on SoFi.
Why are my credit scores different?
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Lawâs editorial disclosure […]
Rate and Term Refis Reduce Mortgage Payments by Billions
Cash out refinancing hit its lowest point since late 2003 last quarter, but thatâs not necessarily bad news. During the second quarter, just 38 percent of refinances resulted in loan sizes five percent or higher than the previous balance, while 16 percent resulted in a lower loan amount, according to Freddie Mac. That compares to [&hellip
The post Rate and Term Refis Reduce Mortgage Payments by Billions first appeared on The Truth About Mortgage.
Understanding Seller Concessions
Buying a new home requires managing a lot of moving parts, from mortgage preapproval to closing. Even after an offer is accepted, buyers and sellers are still at the negotiating table. If closing costs or surprise expenses become too much for the buyer, a seller concession could help seal the deal. Although seller concessions can […]
The post Understanding Seller Concessions appeared first on SoFi.
Is It Worth Doing a Laundry Room Remodel?
Laundry rooms are the workhorses of the home. Theyâre also often sandwiched into small spaces, or in areas of the home that arenât all that convenient, causing some homeowners to consider a remodel. Whether you should undertake a laundry room remodel depends on what you plan to use it for, its size, the kinds of […]
The post Is It Worth Doing a Laundry Room Remodel? appeared first on SoFi.
5 Mortgage REITs for a Yield-Starved Market
Mortgage REITs took their lumps in the COVID downturn, but any mREIT trading today is a survivor. Here are five high-yield options that are still on the battlefield.