Bill To Give 0% Down Home Loan to COVID Essential Workers is Pushed Forward By Florida Republicans
The HELPER Act is a proposed bill that would give 0% down home loans to firefighters, paramedics, nurses, and other essential COVID workers. Republican Representative John Rutherford brought the bill to the House of Representatives earlier this year.…
Fannie Mae Offers Relief To Homeowners Facing Financial Difficulties Due To Natural Disaster
As hurricanes and wildfires ravish the nation, homeowners who hold government backed mortgages are being offered assistance. In addition to mortgage payment forbearance programs and funds to help pay missed payments, the program also offers several other types of disaster assistance. Fannie…
The Federal Reserve Is In The Spotlight
All eyes are on the Federal Reserve as they make important policy decisions and face the re-appointment of the chair and vice chair. The mortgage industry is most concerned with when bond buying will be tapered, which is expected to begin this fall. However, previous projections about inflation…
Artificial Intelligence Is Being Blamed For Racial Discrimination In Mortgage Lending
A recently published study shows that black mortgage applicants are 8o% more likely to be rejected for mortgage financing than their comparable white peers. Mortgage lenders continue to claim that they are fair and balanced in their lending decisions. One of their primary defenses…
If you put down less than twenty percent on a mortgage, you will also pay private mortgage insurance. This type of insurance is commonly referred to as PMI. PMI is different from homeowners insurance, which protects the physical property and your belongings in the case of damage.
Private Mortgage insurance is designed to…
Lending Requirements Remain Tight In Hot Housing Market
The hardest part of buying a home at the moment is finding one that is available and that you can afford. However, getting the mortgage is harder than usual as well. Lenders are maintaining very tight financial requirements for borrowers, and entry level mortgages for affordable starter…
When you have a mortgage, refinancing could save you a ton of money. In most cases, it reduces your monthly payment and your overall term, allowing you to breathe a little and pay off your home faster. Choosing to refinance your home loan is just one choice you’ll have to make, followed by a look…
Looking for the best mortgage services to finance your home? We’ve got the scoop on some of the top-rated names in mortgage services, helping you decide the one that’s right for you.
AmeriSave
AmeriSave is a well-known name in the world of mortgage services, specializing in finding the best deal for potential buyers. They can…
When buying a house, securing a mortgage is a big part of it. Getting all your ducks in a row is one key part to consider, especially if you want to score a good rate. One part of the process of securing a rate is your credit score and another is your debt-to-income ratio (DTI).…
Even if you’re pre-approved for a mortgage you still have some time to go before you can get your cash in hand. Everything that you do before you close on a mortgage could have an effect on you. There are 10 things that you should not do before you close on your mortgage.
1. Don't…