Getting a mortgage and buying a home is one of the biggest milestones in adult life. It’s no wonder most people still hope they’ll be able to afford their own home someday. But with more and more concern over the rising rate of student debt in the country, many people are wondering how student loans…
There are a lot of things that go into buying a home. Not only do you have to consider the amount that you have in your account but you have to take a look at other factors too. All of these things can affect your mortgage rate, which could have you paying much more than…
Refinancing your mortgage is easier than ever, with a ton of options to choose from. However, all the options mean that you have to do some research, finding the option that is best for you and your financial means.
Getting quotes is recommended but, there is never indication as to how many quotes you should…
Mortgage payments are something that is with you for the long run, paying down the total of your home. When you run into trouble paying them or are looking for a way to reduce your monthly payments, you could consider refinancing.
One form of refinancing will alter your rate and your term, allowing you to…
Buying a home requires a down payment, something that not many buyers have sitting in their bank account. For many potential homebuyers, the down payment is the most difficult hurdle to get over, holding them back from getting the process started.
Below, we’ll take a look at the down payment, explaining what it is, how…
Getting pre-approval for a mortgage is often one of the most exciting times in your young life. If you’re looking for pre-approval, getting the mortgage can help you land your dream home. If you’ve already made a home offer, getting your mortgage approved means the sale can go through.
It’s time for a new chapter…
Federal Reserve Turnover Could Affect Mortgage Rates
Two key leadership positions in the Federal Reserve are up for re-appointment this fall. The Biden administration is considering changing up the leadership to appoint officials who are more concerned with climate change, banking regulation, and income inequality. There is pressure from Progressive democrats to take this opportunity…
The VA Has A Little Known Program To Help Veterans Keep Their Homes
The federal mortgage forbearance program being offered through all of the governmental housing agencies is open for enrollment through September 30th, 2021. However, the VA has a second, separate plan available to veterans. This plan is known as the VA Partial Claim…
Home ownership disparities between whites and minorities have been tracked by many different organizations for some time now. Mortgage companies have always insisted that they are not a part of the problem, stating that their lending decisions are fair and neutral. A new analysis of over 2 million mortgage applications from 2019 shows otherwise.…
Renting Your Home May Be An Alternative To Foreclosure
Rental rates have risen drastically over the past year. Monthly rental payments are currently higher than average mortgage payments in the majority of US metro areas. For homeowners facing the end of forbearance program grace periods, renting out their home may be the best option…