Lender credits: How a mortgage lender can pay your closing costs
Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.
Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here.
The 5 Best Mobile Home Loans of 2021 Investopedia
So many people imagine building their dream home in an ideal location. Finding that location and buying land to build a house is the first step in fulfilling this dream. Paying for this lot with cash is the ideal scenario but with lot prices climbing into the hundreds of thousands of dollars range, most buyers […]
The post Buying Land to Build a House appeared first on RealtyBizNews: Real Estate News.
Posted To: MND NewsWire
The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent…(read more)
Itâs not every day you come across a large-scale independent mortgage lender that has been around since the 1980s, but Amerifirst Financial Inc. fits that description. The Arizona-based company understands that thereâs more to the mortgage business than just refinances, which is why their goal is to be the lender of choice for real estate [&hellip
The post Amerifirst Financial Review: They Take Home Purchase Lending Seriously first appeared on The Truth About Mortgage.
The following is a guest post by Eric Lindeen, of Anna Buys Houses. The second quarter of 2020 marked the highest U.S. mortgage delinquency rate (reported as 60-days past due) since 1979. Amidst the chaos of the pandemic, federal and state governments have made efforts to protect against the financial strain U.S. consumers are enduringâincluding… Read More
The post Forbearance of Foreclosure? How to Keep Your Credit and Homeownership Intact appeared first on Credit.com.
Rising Bank, the online-only bank division of Leway, Mo.-based Midwest BankCentre, has expanded into the mortgage market with the launch of new home loan offerings on its digital platform. The online bank announced Monday that it now offers conventional, VA, FHA, and USDA mortgage loans on its platform, which is currently available in 13 states, … [Read more…]
Best USDA Mortgage Lenders 2021 â Forbes Advisor Forbes
Today weâll take a look at American Internet Mortgage, more commonly known as âAimLoan,â which is a streamlined discount mortgage lender that focuses mostly on conforming loans. Doing so allows them to do what they do best, and ideally offer lower mortgage rates to their customers by running more efficiently and keeping costs low. At [&hellip
The post AimLoan Review: You Can Check Their Rates and Fees 24/7 first appeared on The Truth About Mortgage.
Lenders use your DTI ratio to determine how much of a loan you qualify for. This article shows you how to calculate your DTI ratio and provides tips on how you can lower it to increase the loan amount you can get. Rate search: Check Today’s Mortgage Rates What is the Debt-To-Income Ratio? Your debt-to-income […]
The post How to Calculate Your Debt-to-Income Ratio appeared first on The Lenders Network.