January 2, 2017
Defining “residual income” for VA borrowers, and listing requirements by state and by size of your family. Analysis, plus live VA rate quotes which are typically 25 basis points (0.25%) or more below comparable conventional rates.
July 17, 2016
Not every mortgage calculator is created equal. Use one that can tell you what you are likely to afford based on your income.
March 29, 2016
New, relaxed mortgage guidelines make it simpler for tip-earning workers across a host of industries to get mortgage home loan-qualified.
January 7, 2013
FHA has excluded the FHA Streamline Refinances from Compare Ratios. Banks may stop verifying income, job and credit score.
September 17, 2012
The HARP refinance program just took a major overhaul. Income verification is no longer needed, effective immediately. Get today’s HARP mortgage rates.
September 12, 2012
Mortgage underwriting may be strict, but there’s no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.
September 29, 2009
For the second time in 10 weeks, Fannie Mae is toughening its mortgage guidelines again. Again. According to an internal Fannie Mae document, a review of the group’s current “risk appetite, eligibility requirements, mortgage insurance options, and pricing” spawned changes spanning credit scoring, income requirements, loan-level pricing adjustments.
October 8, 2019
Is a credit card or personal loan the better way to cover an expense, especially an emergency bill that comes out of nowhere?
March 18, 2018
Your choice in mortgage financing: conforming loans, non-conforming loans, or government loans, makes a difference in what you pay. Here’s what you need to know when shopping for a home loan.
December 4, 2017
Housing inventory is rising in many markets. That should increase the supply of affordable homes for new buyers.
November 3, 2017
Is it the right time to become a homeowner? Many home buyers and sellers believe that it is. And with interest rates still below 4 percent, you should probably consider homeownership as well.
June 17, 2017
How much can I borrow? Home affordability is one of the first issues you’ll address. Find out how much you can borrow when you buy a home.
January 4, 2017
The single homebuyer is stepping up to the plate, and today’s great mortgage home loans are helping Millennials buy their first houses.
June 2, 2020
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.
June 1, 2020
In May, mortgage rates fell into the 2s for home buyers, but stuck in the high 3s for refinancers. Here’s why. Plus, 5 ways to lower your refinance rate.