When you are considering purchasing a home , understanding the lending guidelines regarding a down payment is important.
Here are a few key tips to consider:
Gifting of a Down Payment
There are some programs that will allow you ...
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Last week’s economic releases included minutes from the most recent FOMC meeting, a report on January sales of pre-owned homes and weekly readings on mortgage rates and new jobless claims.
FOMC Minutes: Economic Strength Hints at More Rate ...
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The economy seems to be heating up rapidly, but home loan interest rates are still at historically low levels. Real estate values have climbed a bit across the country, but low interest rates and affordable prices makes for an excellent opportunity ...
FHA loans are becoming increasingly popular these days as potential homeowners may not able to qualify as easily for conventional mortgages.
The FHA insures some higher-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market.
However, while getting through the loan process with an FHA mortgage loan is not necessarily ...
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Whether you are purchasing a new home or you are considering applying to refinance your home, chances are the lender will require an escrow account. These accounts are often a source of confusion for homeowners. In reality, these accounts benefit the homeowner ...
Last week’s weeks economic releases included readings on the NAHB Housing Market Index, housing starts and building permits issued and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released.
NAHB: Builder Confidence in ...
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Has a loved one or family member recently passed on and left you with their home? Inheriting a house can be a delightful gift, but it can also present a significant number ...
Refinancing a mortgage is a golden opportunity to lock in today’s low interest rate for the next 15 or 30 years. While interest rates now are still low, there’s a good chance they may be heading up in the coming months.
The Fed may not maintain the current bond purchasing level forever, and any changes that the Fed makes will likely ...
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Are you starting to get the renovation itch? With spring on the way, you might be tempted to ...
Homeowners insurance and title insurance may not be the only kinds of insurance you need when you buy a home. Many buyers also have to purchase mortgage insurance, which lenders require for mortgages with a down payment of less than ...
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