Homeownership Costs Every Home Buyer Need to Prepare For

Buying a home comes with costs that you need to prepare for. Every home buyer should save more than enough funds in order to cover out-of-pocket fees that come with home buying a home.It’s true, there are low- to no- down payment mortgage options for low-income...

Freddie Mac: Brexit Drives Rates Down, Refi Up

Brexit has played a major role in lowering mortgage rates, which is expected to boost U.S. housing activity particularly refinancing, Freddie Mac said in an outlook for the month of July.On July 12, the government-sponsored enterprise released its monthly outlook,...

The Credit Score Flexibility of FHA Loans

One of the best mortgage programs you can use as an alternative to a conventional home loan is an FHA loan. The FHA loan makes homeownership available to potential borrowers who: a) have no money to pay for the conventional 20 percent down payment or at the least the...

Should you Buy or Build a House?

It’s time to take the plunge and buy your own house. It’s an exciting time! Before you start the process, though, you have to decide if you should buy or build a house.Looking for Current Mortgage Interest Rates? Click Here.There are many factors that go into this...

The Top 5 Reasons to Buy a ‘For Sale by Owner’ Home

You are in the market for a home – congratulations! You have many decisions ahead of you, though. Your first decision should be whether to buy a ‘for sale by owner’ home or a newly constructed home. A newly constructed home may be something you always dreamt of, but...

Good News: Updated Policy On Reconstructed Mortgage Loans

Fannie Mae has new rules that could help you catch up on your mortgage payments.It is important to note the difference between restructuring and refinancing to understand what the updated policy means for you.Loan restructuring, also known as loan modification changes...

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Freddie Mac: Brexit Drives Rates Down, Refi Up

Brexit has played a major role in lowering mortgage rates, which is expected to boost U.S. housing activity particularly refinancing, Freddie Mac said in an outlook for the month of July.On July 12, the government-sponsored enterprise released its monthly outlook,...

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Mortgage Rates Rise So Do Mortgage Applications

With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time...

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Does The Lender Pull Credit On The Day Of Your Closing?

You received your mortgage approval, you figure everything is good to go and you are free to do with your finances as you wish, right? Unfortunately, this can hurt you in the end. Lenders have gotten smarter with their ways, especially after the housing crisis. Now,...

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