Second mortgage payment can increase when the loan “resets,” or enters its full repayment period. Create an exit strategy before your payments rise. Continue reading
Archive | Mortgage
RSS feed for this sectionHomes Still Affordable Despite Highest Prices In 9 Years
Home prices hit a 9-year high last quarter, but homes are still affordable to the typical buyer, thanks to ultra-low mortgage rates. Continue reading
Mortgage Rates Strikingly Subdued Near 39-Month Low
Mortgage rates are holding in a very tight range. Mortgage consumers are enjoying prolonged opportunity to secure a low rate. Continue reading
What Happens To Home Buying Power As Rates Rise?
Home buyers often watch the price of homes, but that’s just half the equation. Mortgage rates could affect affordability even more. Continue reading
USDA vs. FHA: Which loan is better for first-time home buyers?
Twenty-five percent of home buyers use FHA, but they could be overlooking the benefits of lesser-known USDA mortgage. Continue reading
How to improve credit score: 5 ways to raise your FICO score today
FICO scores range from 300-850. The higher your score, the better mortgage rates and terms available to you. 5 simple ways to improve your credit score. Continue reading
What To Do After You’ve Inherited A Home
Now that you’ve inherited a home, there are a host of details to work through including who pays taxes and what to do next. A complete guide, plus advice. Continue reading
[CHART] Today’s Mortgage Closing Costs, Listed By State
Mortgage closing costs have climbed by a small amount from 2016, according to a Bankrate.com survey. See where costs are highest, lowest. Continue reading
The Mistake That Is “Waiting For Lower Rates”
Mortgage rates are near record lows. Most homeowners will do better by taking available rates today instead of waiting for a future drop. Continue reading
The 203K is today’s home improvement loan
Buying a home that needs repairs? Don’t have to sacrifice your downpayment cash just to make it work. More on the FHA 203K loan and how it can help you buy. Continue reading