Mortgage Trend

Before you start making offers on houses, you will want to be pre-approved for a mortgage. Being pre-qualified isn’t enough. This article will focus on the key differences between mortgage pre-approvals and prequalifications. Rate Search: Get Pre-Approved and Check Today’s Mortgage Rates What is a Mortgage Prequalification? To prequalify someone …

If you have equity in your home you may be able to turn your home equity into cash with an FHA cash-out refinance. This article takes a look at FHA cash-out refinance loan requirements, rates, and benefits. Rate Search: Check Today’s Refinance Rates FHA Cash-Out Refinance Rates FHA rates are …

Coming up with a down payment for a new home is often the thing that keeps people from taking the leap from renter to homeowner in the first place. That’s why US veterans, active-duty service members, National Guard and reservists who may not have saved up enough for a down …

There are a lot of costs when it comes to getting a mortgage. Closing costs, the down payment, the home appraisal, and inspection. But, your lender doesn’t want to see you go broke after you close on a mortgage, so they will often require reserve funds equal to a few …

If you’re a veteran of the US armed forces or on active military duty, you probably have heard of the VA loan. This government-backed mortgage can make homeownership more affordable for eligible borrowers by providing financing that requires no down payment and no private mortgage insurance. In addition, VA loans …

There are a lot of myths about things that will help or harm your credit score that simply aren’t true. This article will take a look at some of the most common credit myths and provide the facts. Credit Facts vs. Credit Myths Myth 1 – Paying off collection accounts …

Coming up with a large down payment is the biggest challenge for potential homebuyers. Fortunately, there are several programs for first-time homebuyers that can make buying a home a reality. In this article, we will go over the top 10 first-time homebuyer loan programs. Rate Search: Check Today’s Mortgage Rates …

If you’re shopping for a mortgage, undoubtedly you’ve heard the term adjustable-rate mortgage, or ARM as they are commonly referred to. The most common type is a 5/1 ARM, which has a low fixed-rate for the first 5 years and then adjusts annually afterward. This article focuses on adjustable-rate mortgage …

Can You Use a Personal Loan for a Down Payment on a House? The short answer to the question is no. Conventional and government-backed home loans do not allow for the down payment to come from a loan of any kind. Lenders want the down payment funds to come directly …