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23 July 2014
Struggling to make your mortgage payments each month? Worried that your lender is preparing to start the foreclosure process? You might be able to save your home -- and reduce your monthly mortgage payments at the same time -- with the help of your state government.
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22 July 2014
Think you need a large down payment to buy a home? Guess again.According to Freddie Mac, four out of 10 current homebuyers are making down payments of less than 10 percent.
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16 June 2014
Potential homebuyers routinely misjudge how much of a down payment they'll need to buy a home, often assumed they'd need 3-5 times more than is actually required.
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13 June 2014
The qualified mortgage rules that the federal government instituted in January to create safer loans has eliminated many interest-only loans, mortgage experts say, but not all of them.
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10 June 2014
Foreclosure activity continues to fall, with new foreclosure notifications in May hitting their lowest level since late 2005.
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3 June 2014
ARMs offer low rates, while fixed-rate mortgages offer predictable monthly payments.Now, a Washington, DC-area credit union is offering a loan that combines the best features of both.
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22 May 2014
Jumbo loan rates are very close to conforming loan rates in many markets, making bigger, more expensive homes more affordable while allowing buyers to stay within their budget.
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13 May 2014
Tight credit can be a challenge when it comes to buying a home, but it appears that many people are making it more difficult than it needs to be.
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10 May 2014
Adjustable-rate mortgages have been out of favor for some time, but with mortgage rates poised to start rising again, the potential savings they offer could draw borrowers back to them.
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2 May 2014
What happens to your mortgage if you should pass away before it's paid off? While it's not a pleasant thing to contemplate, it is something you should plan for if you want the property or its equity to pass to your heirs trouble-free.
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11 April 2014
Shopping for a mortgage can involve a steep learning curve.For many, it's a strange, new world of alien concepts and unfamiliar words.Adding to the confusion is that many of those concepts and words seem to be similar in meaning, but are actually quite different.
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9 April 2014
Lenders are introducing more mortgage offerings for jumbo loans, an indication that mortgage credit is easing for high-end borrowers even while it remains tight for everyone else.
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20 March 2014
Mortgages are closing more quickly, while credit requirements for obtaining a loan have eased significantly over the past year, according to a new industry report.
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3 March 2014
This year's brutally cold winter has many people thinking longingly of spring.It also has them thinking about home energy improvements.
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26 February 2014
Applying for a mortgage can be an intimidating process, particularly for first-time homebuyers.It doesn't help that there's a lot of conventional wisdom out there that is either misleading or flat-out wrong.
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6 February 2014
Getting a mortgage after a divorce can be a challenge.A divorce may end your marriage, but your finances can remain intertwined for years to come, adding to the challenge of qualifying for a loan.
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30 January 2014
Retirees trying to buy a home can run into a Catch-22 at the bank.
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28 January 2014
Tonight's State of the Union message will be when President Barack Obama lays out his proposals and goals for the coming year.Will housing and mortgages be part of the mix?.
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7 January 2014
Young buyers often rely on family assistance in raising the money for a down payment on their first home.Until recently, though, they still had to come up with a big chunk of their own dough in order to qualify for a conventional loan.
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4 January 2014
If you're shopping for a mortgage, you probably know there are all sorts of things you should ask the lender - what is the APR, what will my monthly payment be, how much are the closing costs, how much of a down payment do I need?.
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