The Secret to an Ultra-Low Mortgage Rate? Assume the Loan, If You Can
Assumable mortgages are hard to find, but they can come with cheap rates.
November 23, 2022 6 MIN
Assumable mortgages are hard to find, but they can come with cheap rates.
Here are some ways to save money when financing a home purchase.
ARMs are looking better and better after 30-year fixed rates touched a 20-year high.
Allowing the VA loan fees to reset as scheduled will save veterans and active-duty military members about $200 million annually, the lenders’ group said.
Private mortgage insurance, or PMI, is likely the least understood aspect of homebuying.
Far Rockaway Village in New York is the kind of housing Fannie Mae wants to invest more in: Homes that low-income people can afford in their own neighborhood.
Construction data shows outlying counties of smaller metro areas experienced a 20.7% growth rate. Somewhat more dense small metro core areas posted a smaller 15.7% annual growth rate.
A homebuyer would need $48,435 of annual income to qualify for a mortgage on a $180,000 median-priced home in Detroit, making it the most affordable U.S. metro area.
Flood insurance is separate from your standard homeowner’s insurance, and if you are buying in a flood plain, most lenders
Looming economic storm clouds make protecting your credit score even more important if you plan to buy a home.
Whether mortgage rates decline or by how much remains unknown and depends largely on how many hikes the Fed will make in its drive to curb high inflation.
Shelling out more upfront means you'll get a lower rate and a smaller mortgage payment, but is it the right course for everyone?
Should you buy a house now, at whatever mortgage rate is available, and plan to refinance later?
Don't wait until you find your dream house to check your credit reports for errors.
Having a good credit score gets you a better mortgage interest rate, lower fees and, if you have less than a 20% down payment, cheaper PMI.
