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13 June 2015
Do you need to put 20 percent down on a mortgage? Should you? That's one of the most persistent myths about buying a home.The truth is, in most cases you don't need anywhere near that much.
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23 March 2015
In January when President Obama announced[https://www.whitehouse.gov/the-press-office/2015/01/07/fact-sheet-making-homeownership-more-accessible-and-sustainable] a reduction in Federal Housing Administration mortgage insurance premiums that would save new borrowers an average of $900 annually, an FHA[https://www.mortgageloan.com/fha] mortgage once again looked like a great deal.
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9 March 2015
As anyone who has seen "House Hunters" or any other home shopping TV show knows, finding your first home to buy is all about tradeoffs.
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27 February 2015
One of the most confusing things about VA loans[https://www.mortgageloan.com/va-mortgage] is what is known as the entitlement.While the concept itself is fairly straightforward, the way it's set up is almost guaranteed to make your head spin.
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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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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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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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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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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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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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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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4 July 2014
FHA home loans are among the most common types of mortgages in the United States, but there's a lot of misunderstanding about them.
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27 June 2014
The average wedding costs around $20,000, which is almost enough money to make a 10 percent down payment on the median U.S.home sale price of $213,400.
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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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22 May 2014
Buying one home while selling another can be tricky and needs a good plan - Here you will find our guide on the best approach to have on this matter.
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8 May 2014
Home sales typically heat up during spring, leading to bidding wars by home buyers that can leave them empty handed even after offering much more than the seller's asking price.
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7 May 2014
Are you ready to buy a home? Lots of renters are pondering that question right now.But even if you're sure your budget and credit are up to the task, you may still be hesitant to take the leap.
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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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25 January 2014
It's tough out there for first-time homebuyers.Despite a seemingly attractive housing market, many remain sidelined by low incomes, high debt or a combination of both.So what's the trick to finding a house you can afford?.
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