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11 December 2014
Mortgage loans with down payments of as little as 3 percent will be allowed through a pair of new programs announced this week by Fannie Mae and Freddie Mac.
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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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22 November 2014
Looking to buy a home? One of the first things you need to do is save up enough money to be able to make a down payment of at least 20 percent of the purchase cost, right?.
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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[http://www.barchart.com/chart.php?sym=AFX30JUS.RT&t=LINE&size=M&v=0&g=1&p=MO&d=X&qb=1&style=technical&template=] , 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
Homebuyers interested in a foreclosed property held by Fannie Mae can get a special incentive to help with closing costs, but they need to act quickly.
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10 October 2014
The following is a compilation of some important mortgage news developments from recent years.
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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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15 September 2014
If you would have qualified for a mortgage loan in 2013, the odds are high that you'll qualify for one today, too, even after new lending rules that went into effect in January of this year.
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12 September 2014
Shopping for a mortgage can be an intimidating process, particularly for a first-time homebuyer.There are a lot of details, unfamiliar terminology and new concepts to get a handle on.
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2 September 2014
Does the thought of paying your mortgage bill each month keep you awake at night? Do you toss and turn worrying about whether you'll have enough money to send to the electric company this month?.
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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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29 July 2014
What's the key factor in a lender rejecting a mortgage loan application? You may be surprised to learn that it isn't your credit score.
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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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