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15 December 2014
Coming up with a 20 percent down payment on a home can be difficult, especially for first-time homebuyers who don't have the equity that existing homeowners may have when selling one home so they can buy a bigger one.
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8 December 2014
You might lie about your weight when it's time to renew your driver's license.You might lie to your doctor about how many doughnuts you eat each week.But when it's time to apply for a mortgage loan? That's when honesty really is the best policy.
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13 November 2014
It's no secret that the past few years have been difficult ones for borrowers with poor credit who are seeking mortgages.But now, at least one mortgage lender is making a specific effort to reach out to them.
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3 November 2014
Jumbo mortgage rates are at 25-year lows , beating interest rates on traditional, conforming loans.At first glance, that doesn't make sense because jumbo loans are for expensive homes.
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1 November 2014
When shopping for a home or looking to refinance, everyone wants to know what kind of deal they can get on a mortgage.Of course, some people end up paying considerably more than others.Some of the reasons for that are fairly obvious, others not so much.
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27 October 2014
It sounds good: Your mortgage lender is offering you a no-cost mortgage loan.You won't have the pay the thousands of dollars in closing costs that typically come with a purchase loan or a refinance.
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24 October 2014
Fannie Mae will soon begin authorizing mortgages for borrowers with as little as 3 percent down, according to a statement by the company's president and CEO.
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10 October 2014
Here you will find a summary of news pieces that we have been publishing throughout the years.
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7 October 2014
Small business owners and the self-employed who have difficulty being approved for a traditional home mortgage because they can't provide pay stubs or tax returns to show their income are getting some relief.
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3 October 2014
Manufactured homes offer an affordable and popular housing option for many, particularly those with modest incomes.However, purchasers often end up using financing that costs them considerably more than they would spend on a mortgage for the same property.
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14 August 2014
People who are looking to minimize their monthly mortgage payment sometimes consider a 40-year loan.While this can be a useful product for some borrowers, it's one that you need to approach with caution.
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25 July 2014
Just how hard is it to get a mortgage these days? Maybe not as tough as you think.
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24 July 2014
One of the better deals in real estate is coming to an end, as Fannie Mae is retiring its HomePath mortgage options for foreclosed properties this fall.
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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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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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