Millennials are refinancing in waves â especially older ones
Thanks to record-low mortgage rates, refinancing activity has jumped in recent weeks â especially with older-aged Millennials.
Thanks to record-low mortgage rates, refinancing activity has jumped in recent weeks â especially with older-aged Millennials.
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.
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.
The Alaska Housing Finance Corporation (AHFC) offers low-interest mortgage loans, and down payment and closing cost assistance to first-time home buyers and repeat buyers. This article takes a look at the requirements and provides links to the homebuyer program page for every city in Alaska. Get Pre-Approved for a Mortgage and Check Rates If you […]
The post Alaska First-Time Homebuyer Programs appeared first on The Lenders Network.
If you’re tired of having mortgage debt, refinancing from a 30-year loan to a 15-year loan will allow you to pay it off faster. On top of that, you’d also pay less in interest, as shorter loans come with better rates. Refinancing … Continue reading →
The post 3 Questions for Anyone Refinancing to a 15-Year Mortgage appeared first on SmartAsset Blog.
There are a lot of costs associated with getting a government-backed home loan. The down payment and closing costs can add up to tens of thousands of dollars. But there’s one cost you need to prepare for, the upfront mortgage insurance premium (UFMIP). This article will look at what upfront mortgage insurance is, the rate […]
The post Understanding Upfront Mortgage Insurance (UFMIP) appeared first on The Lenders Network.
If you’re asking yourself whether LendingTree is legit, you have every right to do so. After all, you’re about to take on a big financial obligation (whether it is a mortgage loan or a personal loan). Your objective is to save money, so you want to find a lender with the best mortgage rate. But …
Continue reading “Is LendingTree Legit, Safe or Scams?”
The post Is LendingTree Legit, Safe or Scams? appeared first on GrowthRapidly.
Mortgage interest rates dropped dramatically over the summer, to the point where home loans have never been cheaper in most of our adult lifetimes. With rates at historic lows, you mightâve considered taking advantage of them, either by purchasing a new home or refinancing your current mortgage. Recent figures from Freddie Mac show that mortgage […]
The post Why Refinance Rates Are Higher Than Purchase Loan Rates appeared first on Good Financial Cents®.
A federal financial regulator has sought input on how to modify the appraisal process for loans backed by Fannie Mae and Freddie Mac.
The post Federal Regulators Want To Overhaul Home AppraisalsâHere’s How That Could Hurt Both Buyers and Sellers appeared first on Real Estate News & Insights | realtor.com®.
Due to coronavirus, there are new rules for self-employed home buyers who want to use FHA loans. Learn about new lending rules here.