The new Fannie Mae High LTV Refinance Option allows homeowners to refinance into today’s low rates even if they little or no home equity. No appraisal is required, and borrower documentation has been reduced.
Decreasing mortgage rates, rising wages and a finally improving supply of inventory all spell good news for the housing market. In fact, according to one expert, “a stronger than expected” spring homebuying season is ahead.
Home bidding wars happen when two or more buyers compete for the same property but research indicates that home bidding wars happen much less often nowadays. This is good news for would-be buyers.
Demand for condos is increasing nationwide and getting approved for a mortgage just got a little easier. How to qualify, plus access to today’s rates.
Can or should you use a cash-out refinance to buy another home? Maybe, if that’s the most cost-effective source of a down payment or even the whole purchase price.
There is no “right” answer to the question, “Which loan type is best?” It depends. No two home buyers are alike. That’s why there are many good options for nearly every type of buyer today. Discover which one suits you best.
Cash to close: Plan on bringing a cashier’s check or certified check. or arrange to wire the funds from your bank. You’ll need your down payment and closing costs, less earnest money and lender and/or seller credits.
Brexit drama is pushing down US mortgage rates. Should mortgage shoppers act now or wait for rates to drop even lower?
No money for a down payment? That might not be a problem. According to a new analysis, the majority of recent Millennial and Generation X homebuyers pay either no down payment or down payments of less than 10 percent when purchasing their home.
March 22, 2019
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.
Read ArticleSee how much you can afford by home price, monthly payment, or income
Determine your payment, including FHA-specific mortgage insurance and fees
Former or current members of the military have access to reduced costs and rates
The USDA provides a zero-down loan for homes outside major metros
Easily find down payment requirements for popular loan programs
Find out if your income level is eligible for this zero-down home loan
Our step-by-step guide will direct you through the process from start to finish. Know what to expect, no matter where you are in your home buying journey.
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