Mortgage Tips and Advice
recent changes in Federal Housing Administration (FHA) make it easier for those with student loans to qualify for a mortgage.
A home appraisal is assumed as a compulsory step for any real estate transaction. However, some home loans may not require an appraisal and prospective home buyers and sellers are able to skip this step entirely.
One strategy for benefiting from these conditions could be to refinance your mortgage and wrap any home equity debt you have — like a home equity loan or a home equity line of credit (HELOC) — into the new loan.
Rates have mostly climbed since January, and their trajectory for the rest of 2021 depends on a factor that hasn’t played a prominent role in the mortgage market for decades — inflation.
Both prospective investors and homeowners should familiarize themselves with mortgage-backed securities as they can greatly aid in growing wealth.
Frequently, first-time homebuyers will turn to relatives to help with a down payment or to cosign on the loan. However, all the parties involved need to be very aware of the pitfalls before agreeing to this arrangement.
Springtime has arrived and people are thinking about major renovations, repairs, or restorations on their home.
Fairway Mortgage’s The Rueth Team is proud to announce the arrival of Gabe Bodner as the team’s new reverse mortgage division manager.
To lock or not to lock, that is the home buyer’s choice. However, buyers need to understand this is a commitment from both the mortgage lender and themselves to close at the agreed upon interest rate.
If you’re a real estate investor or thinking about purchasing a second home while interest rates are historically low, it’s important to be aware of new guidelines recently set by Fannie Mae and the U.S. Treasury.
As you pay on your mortgage, the loan balance goes down a little each month. Once it is less than 80 percent of the original value, you can request the PMI be removed.
Bidding wars are becoming increasingly common due to limited inventory, so it’s quite possible you could find yourself submitting one of multiple offers.
Avoid adding more than you need to your closing costs by following these tips to save on your title insurance
As a result of the increase in values during that time frame, FHFA announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will increase for 2021.
RenoFi offers a different approach: Homeowners can borrow up to 90 percent of their home’s after-renovation value.
If you’re thinking about purchasing a home this year, you may be surprised to discover that home prices are continuing to surge despite the economic upheaval caused by the COVID-19 pandemic.
Here’s what you need to know as you decide whether to pay off your mortgage early.
The FHFA recently announced the new conforming and high-balance loan limits for 2021, which is important information for those thinking about purchasing a home.
Owner financing is an alternative to a using a mortgage lender or bank. Also known as seller financing, owner financing is when a real estate owner has enough equity to loan all or part of the money for a buyer’s purchase of their property. Carrying the financing on a...
In this economic realty, here’s the latest on what to expect when applying for mortgage as a freelancer in the post-coronavirus era and steps you can take to be successful.
Elevations Credit Union announces the addition of three Mortgage Loan Officers to its team in Denver: Mike Bell, Keri Bills and John Wetzig.
If you’re considering a jumbo loan, it’s helpful to know that interest-only fixed or adjustable rate options have recently become available again for those looking to purchase a primary residence.
Refinancing has the potential to be a smart move that can save you thousands over the term of the loan. If you have a second mortgage and you’re thinking about refinancing the first one, it’s helpful to have an understanding of the process so you know what to expect....
Here’s a quick crash course that could save you money on a new mortgage or a refinance.
Thinking about refinancing? To ensure a smooth application process, you’ll need to be sure to unfreeze your credit if it’s currently frozen.
The real estate market in Boulder County is bouncing back with strong demand and low inventory, which makes maintaining your mortgage approval imperative if you’re shopping for a home.
The coronavirus recession is all but certain to cause a spike in foreclosures. A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end.
After intense criticism about a new fee on homeowners who refinance their mortgages, the Federal Housing Finance Agency said it would delay the move for three months.
investments are a great way to boost your finances — and they’re totally achievable even when you’re in the middle of paying off your mortgage.
If you’re planning to become a homeowner this year, you may be curious about how to proceed during these strange times.