Explore the FHA mortgage. 3.5% downpayment requirement, low mortgage rates, and flexible underwriting standards — especially for first-time home buyers. Continue reading
Archive | Mortgage
RSS feed for this sectionAssumable Mortgages: Take On Someone Else’s FHA, VA, or USDA Home Loan
Buying a home? Save on your mortgage rate *and* your closing costs. Assume the seller’s mortgage and make it your own. A guide to how assumable loans work. Continue reading
Mortgage Rates Rising After March Non-Farm Payrolls Report
The March Non-Farm Payrolls was mostly in-line with Wall Street expectations. Mortgage rates are slightly worse. The Federal Reserve may raise rates in late-April. Continue reading
Don’t Accept Your First Mortgage Rate Quote
Shopping for a mortgage rate is not time consuming, but half of home loan consumers don’t do it. They could be missing out on significantly better rates and fees. Continue reading
First-Time Home Buyers Only Put 6% Down, On Average
In today’s market, large downpayments are optional. Here are six popular programs that are helping buyers get into a home with very little upfront expense. Continue reading
Freddie Mac: Mortgage Rates Unchanged At 3.71%
With mortgage rates dropping again, and considerable up-side potential on next month’s market, it may be time (finally!) to start that home loan refinance. Continue reading
Specific U.S. Census Tracts Give Access To Below-Market Mortgage Rates
87% of homebuyers qualify for mortgage assistance, including access to lower mortgage rates than the populace, and to special loan programs like HomeReady™. Continue reading
FHA Streamline Refinance: Rates & Requirements for 2022
Are you FHA Streamline Refinance eligible? Use this easy-to-follow format. Updated for newest changes to FHA MIP. Today’s FHA rate quotes available. Continue reading
How Much House Can I Afford, Comfortably?
Finding out how much house you can qualify for is the first step. It could be even more important to determine your mortgage payment comfort level. Continue reading
Jobs Report Could Drop Mortgage Rates 25 Basis Points (0.25%) Or More
Non-Farm Payrolls releases Friday. Your mortgage rate quote is likely to change. More on the upcoming jobs report and how it can affect your mortgage loan. Continue reading