Military home buyers have an advantage over others: they need no downpayment. They use zero-down loans 7 times as often as non-military home buyers. Continue reading
Archive | Mortgage
RSS feed for this sectionCensus Bureau: New Homes Sales Rocket On Low Mortgage Rates
Amid low mortgage rates are rising rents home buyers are snapping up today’s new construction, but at a slightly slower pace as compared to the month prior. Continue reading
This Week, Will The Fed Finally Raise Its Interest Rates?
The Federal Reserve meets this week and, although the Fed doesn’t set mortgage rates, its rhetoric and actions can influence them. Analysis and advice. Continue reading
3 Cost-Saving Piggyback Loan Strategies You Should Know
A piggyback loan is two loans in the place of one. Avoid mortgage insurance, plus two more strategies can reduce home financing costs. Continue reading
All About Mortgage Escrow Accounts For Mortgages
Escrowing your taxes and insurance reduces your lender’s risk, and can earn you a lower, better mortgage rate quote. Escrows can also simplify your life. Continue reading
Report: Just 1-in-4 Mortgage Applications Don’t Close
The fear of getting “turned down” for a mortgage may be overblown. Nearly 75% of home buyers are getting approved — and at very low rates, too. Continue reading
VA Streamline Refinances Double As Popular Program Catches On
VA rates are sinking deeper. That’s enticing more U.S. military veterans to reduce their housing costs with this homeowner-friendly program. Continue reading
NAR: First-Time Home Buyers Push Existing Home Sales To 9-Year High
June home sales were strong and home supply remains tight nationwide. Prices are rising, but first-time home buyers are not deterred. Continue reading
26 Months In A Row: VA Mortgage Rates Are The Best
It pays to be a veteran. Using VA Benefits and the G.I. Bill, military borrowers get access to lower rates than the general U.S. population. Continue reading
Low-Down Payment Mortgage Loans Boost U.S. Housing Starts
As demand surges, U.S. builders are starting more homes than during any period this decade. Mortgage rates are cheap and low downpayment loans are abundant. Continue reading