Mortgages

While U-turns in UK government policy are expected to calm markets and ease pressure on mortgage rates, this has not fed through to consumers yet, according to research from Moneyfacts. The average rate for two-year fixed rate loan rose to…

The current average rate on a 30-year fixed mortgage is 7.22%, compared to 7.10% a week earlier. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.38%, up 0.12% from the previous week.…

If you’re shopping for a home, chances are you’ve heard of the importance of both mortgage loan pre-qualification and mortgage loan pre-approval. Unfortunately, many consumers don’t realize that these words are not interchangeable – they are actually two separate processes!…

If you’re serious about buying a home, you need to be prepared for an in-depth mortgage application process. While it can be a stressful time for potential buyers, proper preparation helps. Read on to learn the five things you need…

If the amount you owe on your home is greater than the value of your home on the real estate market, you are plagued by an “underwater” mortgage. Though this is certainly an undesirable scenario, it is not rare. In…

The Property Assessed Clean Energy (PACE) program allows homeowners to borrow money for clean energy projects. How does one get approved for a PACE loan, and how is it repaid? Read on to learn the ins and outs of this…

Are you interested in purchasing a home that needs work, but you aren’t sure how to pay for the improvements? An FHA 203k loan might be the solution you’re looking for. Click the link below to learn more about this…

Fannie Mae’s HomePath Ready Buyer Program was introduced in 2015, offering both a small down payment and closing cost assistance for buyers who can’t qualify for a traditional mortgage loan. Still available today, it is only open to first-time homebuyers…

Make sure the sales contract on your new house or condominium includes a home inspection clause before you sign it. The inspection clause should clearly state that your final obligation to buy depends on the outcome of a professional home…

Mortgage lenders have begun requiring home buyers to either make a 20 percent down payment or buy private mortgage insurance in the wake of the mortgage meltdown. Some mortgage lenders have reduced the required down payment in the last couple of…