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17 January 2013
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.
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4 September 2012
Fannie Mae and Freddie Mac will raise the fees they charge to guarantee single-family mortgages, beginning this fall, the Federal Housing Finance Agency has announced.
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25 August 2012
Can you qualify for a mortgage to buy a home? It's a straightforward question, but often one without a simple answer.Here are some of the main considerations to answer that question for yourself.
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11 February 2012
Will you qualify for a piece of the $26 billion settlement announced this week to resolve claims against the nation's five largest mortgage lenders? Here are some of the details:.
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24 January 2012
There's a widespread perception that you need to put at least 20 percent down to buy a home these days.Fortunately for home buyers, that's just not true.
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12 December 2011
A new proposal floated in Congress last week would tax mortgage borrowers to cover an extension of the payroll tax cut.
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9 December 2011
Investors seeking to "flip" homes for quick profits played a significant role in driving up home prices during the housing bubble and their subsequent collapse, economists at the New York Federal Reserve have concluded.
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5 November 2011
If you're looking for an affordable and obtainable mortgage, don't overlook a USDA Rural Development Loan.
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1 November 2011
Can you still get rid of PMI despite being underwater on your mortgage? The answer may surprise you.
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29 September 2011
Last week[https://www.mortgageloan.com/land-contract-can-bypass-appraisal-credit-problems-8858] we discussed land contracts as a tool for buying or selling a home in a difficult market.Today, we'll take a look at rent-to-own agreements, which are similar, but with some important differences.
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20 September 2011
The flood of documents to be signed at closing is one of the most confusing parts of the mortgage process.A typical borrower can expect to be presented with over two dozen documents to sign at a mortgage closing.How do you know what you're signing?.
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23 August 2011
A low credit score and lack of income aren't the only things that can keep you from qualifying for a mortgage.Here are five other things that can sink you as well.
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6 August 2011
Conforming jumbo loans are about to get a lot smaller - and that could make it harder and more expensive to buy a home or refinance a mortgage if you don't act soon.
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15 June 2011
Get a better understanding of the refinance process before you start calling up lenders.
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13 June 2011
Before you decide to walk away from your mortgage, consider the real, long-term costs.
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2 June 2011
Understand title insurance before you buy your next home and save yourself money and aggravation.
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24 May 2011
For some, a Home Equity Line of Credit can be more of a liability than an asset.
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18 May 2011
In one of its first concrete actions meant to benefit consumers, the new Consumer Financial Protection Bureau (CFPB) has released two versions of a simplified mortgage disclosure form to be provided to borrowers.
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17 May 2011
High median-home prices mean that buyers will require an expensive jumbo mortgage unless they use one of these strategies.
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3 May 2011
Homeowners who were affected by last week's tornado outbreak across the South may be able to qualify for up to 12 months of suspended or reduced payments on Freddie Mac mortgages, along with other assistance as well.
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