When You Can Cancel Private Mortgage Insurance and How to Do It
PMI can help first-time buyers purchase a home even if they don't have a 20% down payment, but they have to know how to cancel it when it's time.
November 30, 2022 6 MIN
PMI can help first-time buyers purchase a home even if they don't have a 20% down payment, but they have to know how to cancel it when it's time.
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.
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.
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.
Shelling out more upfront means you'll get a lower rate and a smaller mortgage payment, but is it the right course for everyone?
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.
