So-So or No Credit? No Cash? An FHA Loan Can Get You a Home If you've never owned a home before, FHA loans offer a great way to break into the housing market. They're federally insured mortgages with easier requirements than conventional home loans. "The secret sauce, the magic ingredient, behind the FHA program is … Continue reading An FHA Loan Can Get You a Home
Rates rise and fall, don't miss out when they fall! Mortgage Rates Fall Dramatically — What This Means for Homebuyers © Mikolette / Getty Images/iStockphoto couple admiring their new house with mortgage rates dropping The average interest rate for a 30-year fixed mortgage dropped to 4.34 percent from 4.40 percent on March 21, 2019. This … Continue reading Mortgage Rates Fall Dramatically — What This Means for Homebuyers
Mortgage rates throttle higher, but relief lies ahead So far this year, the 30-year fixed is still averaging 4.42%, down from 4.54% in 2018 Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers. The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, … Continue reading Don’t Get Scared as Rates Rise Slightly
Why You Should Get Pre-Approved for a Mortgage What is mortgage pre-approval and how can it help you to get the house of your dreams? Find out the answer here. Image Credit: Getty Images If you're shopping for a home, one of the first things you should do is go to the bank to … Continue reading Get Pre-Approved for a mortgage today, trust me
What a Fed rate hike means for you, at any age Sarah Skidmore Sell and Stan Choe, AP Business Writers,Associated Press 22 hours No matter your age, what the Federal Reserve does to interest rates will most likely affect you. The central bank raised what's called the federal funds rate by a quarter of … Continue reading What does the Rate Hike mean to you?
Study Says: It's Easy to Get a Mortgage Again (Image credit: Image Source/Getty Images) For many, the path to becoming a first-time homeowner is an uphill climb. Student debt, low wages, high housing prices, and massive down payments can mean putting home-owning dreams on the back burner. But a new report provides a flicker of … Continue reading Study Says: It’s Easy to Get a Mortgage Again
~ Because not every set of advice will be great for you. But you have options. ~ I Wanted to Pay Off My Mortgage Early, Then I Realized This (Image credit: Apartment Therapy ) Ah, 2009. The year that first-time home buyers in America were majorly incentivized by government funding to get out of their … Continue reading Pay Off My Mortgage Early?
3 Totally Doable Mortgage Hacks That Can Save You Thousands (Image credit: Yulia Grigoryeva/Shutterstock) There's nothing quite like the excitement of finding and buying your dream home. You found a home within your budget, set aside a down payment and found a mortgage at a stellar rate. But did you know over the course of … Continue reading 3 Doable Mortgage Hacks
The Money-Wasting Mortgage Mistake You’re Likely to Make (Image credit: Kristin Duvall/Stocksy) Share Pin It Email 7 Property taxes, homeowners insurance, interest, HOA fees—when it comes to your monthly mortgage payment, your loan's principal doesn't lack company. Still, few of these additional costs and expenses draw as much ire from a homeowner than private mortgage … Continue reading PMI: An Explanation