Now that the dread Winter of 2014 finally seems to be behind us, the spring homebuying season is upon us.It's the most popular time to buy a home, but also the most competitive.What do you need to do to be ready for it?.
It's no secret that to get a mortgage these days, you want to have good credit.However, there are a lot of misconceptions floating around out there about just what sort of things affect your credit score.
Should you buy a home or would you be better off renting? With the economy gradually improving, but mortgage rates and home prices still relatively low, it's a question many potential homebuyers are pondering.
High-income borrowers obviously have financial advantages when it comes to seeking a mortgage.But they're also more likely to pursue strategies that help them find the best deal, strategies their fellow borrowers might do well to adopt.
The decision by Senate Democrats to push the button on the "nuclear option" will likely have a significant impact on home loans by clearing the way for two Obama nominees to key posts with major influence over the mortgage markets.
Home buyers typically pay closing costs of 2-5 percent of the purchase price of a home, paying an average of $3,700 in fees to lenders and other parties that have a hand in paperwork you may never understand.
Applications for mortgage refinancing[[sitetree_link,id=13]] have been dwindling as rates have risen in recent months.But if you haven't been able to refinance yet, those higher rates might represent an opportunity.
When you're about to purchase a property, the biggest continuing cost is your mortgage.Taking out a secured loan involves a huge amount of money and the loan also pledges your home as collateral to the loan.
The average mortgage borrower in 2012 paid an interest rate of 3.90 percent on a 30-year loan and put up a down payment or home equity of 21 percent, according to a year-end review by mortgage software provider Ellie Mae.