mortgage: How Mortgage Strategy Differs depending on age
- 03/10/16 10:02 PM
Early-career home buyers are usually light on cash, while mid-career home buyers are saving for retirement, and retiree home buyers are facing less income. Each one of these life phases needs a different mortgage strategy. Here are some planning tips to help you make smart decisions, regardless of where you are in life. Buying a house is a big decision at any age, but each generation faces a unique particular challenges. See differences here
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mortgage: Study: Stellar Credit Scores Add Up to Savings
- 12/04/15 04:56 AM
For every 10-point increase in credit scores, borrowers can expect to receive a lower mortgage interest rate, according to a new study soon-to-be-published in the Journal of Housing Economics by researchers at Northern Kentucky University. http://bit.ly/Stellar-Credit-Savings
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mortgage: Relief in Mortgage Rates Likely to Stick Around
- 07/10/15 02:55 AM
Average fixed-rate mortgages moved lower this week, helping to keep buyer activity strong toward the close of the spring home-buying season, Freddie Mac reports in its weekly mortgage market survey. http://bit.ly/Mortgage-Rates-Likely-Stick-Around
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mortgage: Loan Demand Surges on Fear of Rising Rates
- 06/10/15 09:07 AM
Applications for fixed-rate mortgages climbed to the highest level in nearly a year as borrowers rushed to lock in interest rates before they jump higher. Total mortgage application activity for refinancing’s and home purchases rose 8.4 percent week-over-week on a seasonally adjusted basis for the week ending June 5, the Mortgage Bankers Association reported Wednesday. http://bit.ly/Loan-Demand-Surges
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mortgage: First Step for Buyers: Know Your Credit Score
- 06/01/15 10:05 AM
You may want to make sure your home buyers know their credit score before they begin their house hunt. A new survey finds that house hunters who know their credit scores feel significantly more prepared to buy a home. http://bit.ly/Know-Your-Credit-Score
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mortgage: Fed: Interest Rate Hikes Likely in June
- 04/09/15 11:41 PM
The Federal Reserve is signaling that it will likely take action on increasing interest rates in two months, despite recent data that shows a weakened economy. This would be the first rate increase since 2006. http://bit.ly/Interest-Rate-Hikes-Coming-Soon
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mortgage: Sweet and Low: Why Aren’t More Buyers Putting Down 3%?
- 02/24/15 06:57 AM
Sweet and Low: Why Aren’t More Buyers Putting Down 3%?
Where you put down roots says a lot about you. Suburb vs. city; condo vs. single-family house—these are all decisions that home buyers tackle, and what they decide speaks to who they are. Also telling is how much they can afford to put down on that house. http://bit.ly/Sweet-n-Low-Down-Payments
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mortgage: 4 Simple Strategies to Shave Years Off Your Mortgage
- 02/22/15 07:03 AM
Just because you’ve got a 30-year loan doesn’t mean you have to spend 30 years paying it off. These tips can help you reach the finish line up to 10 years early. No one wants to spend longer making mortgage payments than they have to. The obvious way to pay off a mortgage faster is to get a shorter-term loan, like a 15-year instead of a 30-year. http://bit.ly/Shave-Years-Off-Your-Mortgage
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mortgage: FHA’s Cost-Cuts Cause Loan Demand to Soar
- 02/06/15 08:25 AM
Mortgage applications for government-backed Federal Housing Administration loans spiked last week, as the government moved to lower its annual insurance premiums by half a percentage point. FHA offers mortgages with down payments as low as 3.5 percent. http://bit.ly/FHA-Cost-Cuts-Cause-Loan-Demand-Soar
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mortgage: FHFA Defends Lower Down Payments
- 01/28/15 10:58 PM
New programs that back mortgages with down payments as low as 3 percent are “just as safe” as a loan with a 10 percent down payment, Melvin Watt, director of the Federal Housing Finance Agency, assured lawmakers Tuesday. http://bit.ly/FHA-Defends-Lower-Down-Payments
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mortgage: Obama: FHA Premium Cut Helps Middle Class
- 01/21/15 07:41 AM
In his sixth State of the Union speech, President Barack Obama last night pointed to the cut in the annual FHA insurance premium that takes effect later this month as the kind of “middle-class economics” initiative he wants to focus on to help build on the country’s improving economic picture. http://bit.ly/FHA-Premium-Cut-Helps-Middle-Class
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mortgage: The 3 Most Important Mortgage Documents You'll Sign
- 01/16/15 12:13 AM
Don’t be caught off guard on closing day. Knowing your way around the paperwork will help you feel more confident about what you’re signing. The process can be confusing, but it helps if you go into it with a full understanding of the three most important closing documents you’ll be signing. http://bit.ly/3-Most-Important-Mortgage-Documents-You-Will-Sign
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mortgage: Wait! What About My FHA Loan?
- 01/13/15 01:22 AM
President Obama just promised to lower the cost of an FHA loan, but what if you’ve already applied for a mortgage or have a closing coming up? Do you get the cheaper rate? Like many things mortgage related, the answer is maybe. http://bit.ly/What-About-My-FHA-Mortgage
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mortgage: The Key to Understanding Your Mortgage Payment
- 12/31/14 10:10 PM
Calculating how much home you can afford can be difficult and feel overwhelming. You need to consider how much down payment your finances allow as well as the monthly payments you can realistically make before finding the right home. One term you will hear during the mortgage phase of buying a home is amortization. It's a term that you may not be familiar with, but it is important to help you understand what will happen to your mortgage in the long term. We've got the details for you. http://bit.ly/Key-to-Understanding-Your-Mortgage-Payment
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mortgage: 9 golden rules of mortgage shopping
- 03/15/14 01:34 AM
Are you thinking of buying real estate? We would recommend that you read this before plunging in. these mortgage-buying tips will save you money and heartache. http://on-msn.com/Os0Pjh
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mortgage: Subprime lending making a comeback?
- 02/25/14 08:52 AM
Do you know what it means to considered a Subprime Loan?
Subprime loans – mostly targeted to those with credit scores below 660 – took a lot of blame in the financial crisis. Lenders sold high-risk products to investors with adjustable-rate mortgage interest rates that could triple after two years in some cases. Also, many of the loans required little documentation about the borrowers’ income and assets and blamed for sparking a huge wave of defaulting borrowers. http://bit.ly/Mscsp2
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mortgage: Student debt may hurt housing recovery
- 02/18/14 03:13 AM
Do you think that the housing recovery could lose steam amid escalating student loan debt carried by millions of Americans? With so many people owing a lot of money for their college education, a generation of potential buyers is being discouraged and even blocked from making their first home purchase.
http://bit.ly/1dItOJy
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mortgage: Most consumers now think they qualify for a mortgage
- 02/12/14 03:52 AM
Do you think that more Americans now believe it would be easy for them to get a mortgage? See what the survey says! http://bit.ly/1nuu5Rh
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mortgage: Real Estate 2014: The New Wisdom
- 02/10/14 12:56 AM
Is buying a home for the long run the right move for you? New wisdom says, maybe not. How long do you think the average homeowner stays in a home? http://aol.it/LB0Nob
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mortgage: How are millennials changing home marketplace?
- 02/07/14 04:17 AM
How will this affect you? “Millennia’s are swarming into the home marketplace armed with information, ideas and a passionate desire for personalization,” says Jill Waage, editorial director for home content for Better Homes and Gardens. http://bit.ly/1fFexXH
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Early-career home buyers are usually light on cash, while mid-career home buyers are saving for retirement, and retiree home buyers are facing less income. Each one of these life phases needs a different mortgage strategy. Here are some planning tips to help you make smart decisions, regardless of where you are in life. Buying a house is a big decision at any age, but each generation faces a unique particular challenges. See differences here
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