The housing market is continuing its hot streak with mortgage applications surging into the holiday season, a time when demand typically cools off. Getting approved for a mortgage loan quickly can make you a more attractive […]
If you’re a homeowner, your house is not only the place you call home but also an asset. In fact, it’s the largest asset of most Americans, according to the most recent Federal Reserve […]
At its simplest, a piggyback mortgage can be defined as a second mortgage, typically a home equity loan or home equity line of credit (HELOC). Piggyback mortgage loans might be a smart option […]
Figuring out how much home you can afford entails much more than the interest rate on a mortgage loan and what your monthly mortgage payment will be. Where you want to live plays a big […]
Buying a house as a single woman has become more mainstream over the past few decades. This rise is partly due to an increase in the share of households headed by single women and […]
Homebuyers have more mortgage loan options available when buying a home than they may think. One of those could be the assumable mortgage, a home loan alternative that enables buyers to essentially take over the […]
For older Americans who may find they need more money in retirement, using a reverse mortgage to convert some of their home’s equity into cash can be an intriguing idea. Thanks to protections the U.S. Department of […]
When homebuyers take out a mortgage, they’re likely dreaming about living out their days in a house of their own—whether that means bedecking the front porch with plants or barbecuing in the backyard with the […]
Despite the economic fallout and job loss from the pandemic, the number of U.S. properties with foreclosure filings in March was 11,880, down 75% from last year, according to ATTOM Data Solutions. This is likely thanks […]
Homebuyers have a variety of conventional mortgages to choose from. The element most have in common is private mortgage insurance—usually required when the down payment is less than 20% of the home’s value. In some situations, […]
Other than possible lender-imposed waiting periods after a mortgage loan closes, you can refi as many times as your heart desires. But you’ll want to crunch numbers and think about more than interest rates. Homeowners […]
Shopping for a car: fun, freeing and full of fresh new smells. Shopping for a puppy: heartwarming and full of suspicious smells. Shopping for a mortgage: not particularly thrilling or fragrant but one of the […]
Because your interest rate is the cost you pay to borrow money, it makes sense that you’ll want to strive to get the lowest rate possible. Even a slight difference can significantly affect the amount […]
If you’re looking into getting a mortgage for the first time, congratulations! You’re about to embark on a brave new adventure in adulthood. Like most adventures, it comes with some highs and some lows. One […]
What’s your number? That’s not a pickup line; it’s what a lender will want to know. The number will range from 300 to 850, and it will weigh heavily in whether you qualify for a […]
Do you ever window shop for the perfect home, whether by browsing online or taking a stroll through your favorite neighborhood? You’re not alone. It’s fun to dream about owning a place all your own. […]
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Creating a dream home on a budget can be tricky. On one hand, renovating a home can be one of the most efficient ways to grow the value of the property. But on the other […]
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners. While mortgage rates […]
Despite the economic fallout and job loss from the pandemic, the number of U.S. properties with foreclosure filings in February was 11,281, down 77% from last year, according to ATTOM Data Solutions. This is likely thanks […]
Ah, home buying. It’s invigorating! Complex. Expensive, too. This is why the vast majority of homebuyers rely on mortgages to obtain their dream homes. Conventional loans are the most popular, but government-backed loans are often […]
We still don’t know the full effect the pandemic and resulting economic slowdown will have on the housing market. That said, understanding where 2019 and 2020 mortgage statistics fit into the landscape can help you […]
In some areas, there simply isn’t enough desirable housing available for the number of interested buyers — and, in these hot spots, buyers will likely find the market to be quite competitive. One way a […]
When it comes to credit score requirements for landing a mortgage, there are a variety of factors at play — like the type of mortgage you’re applying for and your specific lender requirements. If you’re […]
Finding the right home is just one part of the equation when buying a home. Choosing the right type of mortgage loan to finance the biggest financial transaction of your life is just as critical. […]