How much is your home worth? Wondering about your home’s value can just be a curiosity to see if it's recovered from the housing crash of 2008, or how your home is keeping up with house prices in the area, or can be an immediate need to help you set a price to sell it.
One part of buying a home has gotten easier in 2018, owning to a big boost in FHA loan limits and the lending caps for Fannie Mae, Freddie Mac and VA mortgages.
Need to find a big chunk of change to cover that major kitchen remodel? Need dollars to fund the addition of a master bedroom suite? The recent changes to the tax laws have made big changes in the deductions you can take for interest paid on home loans – but a cash-out refinance for home improvements might still be an option.
Automatic payments, or autopay, can be a smart way to “set it and forget it” and pay your bills each month without doing much work. The automatic withdrawals from your bank account can be set up to pay for internet services, subscriptions, phone, credit card bills and even mortgage payments.
Mortgage lenders aren't shedding too many tears over the departure of former director Richard Cordray from the Consumer Financial Protection Bureau.
Calling your insurance agent after your home has been destroyed in a fire, hurricane or other natural disaster is likely to be one of the first calls you’ll make after letting your family know you’re safe. Your next call should be to your mortgage lender - to inform them of the loss and perhaps to inquire about a mortgage forbearance.
It might be getting slightly easier for self-employed borrowers to qualify for a home loan. Just make sure that the emphasis in that last sentence is on the word “slightly.”
Seniors recently received a “good news, bad news” change to the most popular reverse mortgage program in the country. Borrowing costs will drop — the good news — but the bad news is that many will be able to borrow less money against their homes, according to the revisions by the U.S. Department of Housing and Urban Development, or HUD.
Is it time for you to order a credit freeze? In the wake of the Equifax data breach, perhaps. But be warned: A credit freeze could complicate your life if you apply for a mortgage loan.
Two new programs for refinancing underwater and low-equity mortgages are due to launch Oct. 1. That means homeowners who owe more on their mortgage than the property is worth should have an easier time getting their mortgage refinanced into a better home loan.