When it comes to buying a home, some consumers don’t worry too much about the mortgage rate. But, getting the best rate could save you thousands.
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Since 2010, the Federal Housing Administration (FHA) has been raising its monthly fees for mortgage insurance. This move, according to Bloomberg, could be preventing some first-time homebuyers from making purchases.
Internet-based mortgage companies often offer the best mortgage rates, but who are you really working with? We review the best online mortgage lenders so you know whom to trust and what to expect when you get mortgage quotes or apply for a home loan online.
Changes to UK mortgage lending rules have come into force this April – and these will have implications for first time buyers hoping to get a foothold on the property ladder.
If you want to make sure that you can buy a home in the current conditions, it’s important that you get your credit in order, and make sure you have the documentation to prove that you can afford what you are buying.
Home buying is a big process, involving a lot of paperwork and plenty of pitfalls. LendingTree recently surveyed a group of lenders and came up with three of the biggest home buying mistakes that newbies often make:
A jumbo mortgage is a great financing option for those who are high earners looking to max out their buying power. Having a jumbo mortgage allows their money to be working elsewhere.
If you haven’t refinanced since interest rates have fallen, you might be able to take advantage of HARP to help you save money.