Mortgage Trend

Politics weighed heavily on Wall Street this week as investors’ uncertainty about the upcoming election grows. The first round of presidential debates was particularly vicious. That led many investors to worry about potential controversy extending well past the November 3 election day. Then, two events that happened late Thursday threw …

I didn’t serve in the military, but my dad did. For his entire career. He’s 92 now and is saluted when spotted wearing his US Air Force retiree cap or jacket. Like many veterans, my dad appreciates when a stranger approaches him and says, “thank you for your service.” And …

Congratulations on getting that new home. You’re now both the owner — and the head of maintenance!  Watching a few YouTube videos will give you the confidence to take on small home repairs and maintenance around the house, potentially saving you hundreds — maybe thousands — of dollars on handyman …

Conventional mortgage loans are the most common type of mortgage loan used today. There are different types of conventional loans requiring between  3%-20% down. This is a complete list of all conventional loan requirements, guidelines, eligibility, and what you need to qualify. RATE SEARCH: Find and Compare the Best Mortgage …

Myth #1. FHA Loans Are Only for First-Time Homebuyers Of course, FHA home loans are loved by first-time homebuyers because of their low down payment and credit score requirements. But, FHA loans are not just for first-time buyers. The Federal Housing Administration guarantees mortgage loans for all types of borrowers, …

When applying for a mortgage lenders look at all aspects of your loan application to determine the amount of risk a borrower represents. If you have a low credit score then lenders will want to see things like a large down payment or a low debt-to-income ratio to help offset …

The loan term is the length of time it will take to repay the loan in full by making the minimum payments. It is also referred to as a term loan. Loan terms typically range between three years, for personal loans and auto loans, to 15 to 30-year loan terms …

In a word, housing is booming. Data released this week shows sales of newly-built homes at a 14-year high. The Census Bureau’s August report shows an eye-popping 43% year-over-year increase in the sale of newly-built homes. Recently, the National Association of Realtors reported that sales of existing homes also increased …

The effects of COVID have been wide-reaching in the mortgage business, some positive, some negative. While some lenders have changed their own rules, often referred to as overlays, the one thing that has not changed is the regulations set forth by FHA. FHA is still providing financing for borrowers with …