#Mortgage Insurance

Mortgage rates surge to levels not seen since early in the pandemic

Mortgage rates have come out soaring in just the second week of the year, reaching levels not seen since March of 2020, a closely watched survey shows. Other new research shows the higher borrowing costs — which most experts say will only continue heading north as the economy improves — are prompting borrowers to lock in today's mortgage rates that are still low by historical standards.
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No surprises: L.A. County one of the least affordable

It’s still cheaper to buy a home than to rent in the majority of the country, according a recent report on real estate and wage trends. But here in Southern California? Not so much. According to Attom Data Solutions’ 2022 Rental Affordability Report, buying a median-priced home is more...
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A new stimulus check program just opened for applications and you had no idea

You don't have to be a fortune-teller or an expert political strategist to figure out that no new stimulus checks are coming from the federal government anytime soon. The political dynamic is such that the votes in Congress just aren't there for new checks right now. But having said that, stimulus payments also aren't the only kind of aid available to Americans, either. There's related financial assistance that can also help millions of Americans, for example, pay their mortgage.
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What Are VA Loan Benefits?

The United States Department of Veterans Affairs (VA) is one of the biggest loan guarantors in the world. In 2021, the VA backed more than $447 billion in loans. The VA works with major mortgage companies like Rocket Mortgage and Pennymac Loan Services. The way it works is that the VA issues rules and regulations for the lenders it does business with. With the VA providing financial protection against default, lenders can offer more favorable terms.

Mortgage Rates: Everything You Need to Know (2022)

If you’re looking to buy a home soon, mortgage rates are going to be something that you’ll want to pay close attention to. It may seem insignificant, but a mortgage rate differing by only a few percentage points can ultimately make or break your home buying decision. This...

Stock Watch: 10 Hottest Stocks Right Now

If 2022 was the year you marked down as your first foray into the world of investing, it pays to take stock of the current market. Over the past 12 months, tech companies have emerged as major placeholders, taking ownership for the best shares to buy both domestically and abroad. In fact, according to the latest data from investment platform eToro, a vast number of the most held stocks belong to those forward-thinking enterprises. But even if a blue ocean market, one tech giant is standing out over all others.

9 Types of Mortgage Loans

With so many alternatives on the market, choosing the best mortgage loan can be stressful. Before selecting a mortgage loan or lender, find out about the different mortgage types, terms, and types of interest rates. Below, we’ll guide you through the process of selecting a mortgage to purchase, build, or...

People in the News (01/16/2022): appointments, promotions, obituaries

The William T. Grant Foundation has announced the addition of two new staff members: DWAYNE LINVILLE and MELISSA WOOTEN. Linville will serve as director of grantmaking operations, ensuring that the grants management system meets the needs of applicants, grantees, and staff. He previously was director of operations at the Shine Campaign, which supports clean, distributed energy solutions, and prior to that, worked in grants management and operations at the Ford Foundation. Wooten joins the foundation as a program officer in charge of the William T. Grant Scholars Program and Mentoring grants programs. She has served as senior director of educational equity and associate vice president for academic equity at Rutgers University; prior to that, she was an associate professor of sociology at the University of Massachusetts, Amherst, where her scholarship focused on how colleges and universities provide supportive, challenging, and resource-rich environments for Black students.

Mortgage and refinance rates today, Jan. 15, and rate forecast for next week

Average mortgage rates rose appreciably yesterday. The terrible start to 2022 has continued, despite a couple of worthwhile falls. And those rates are back up to their two-year high. There may be a bit of relief on Monday morning, thanks to friendly moves in markets yesterday that came too late...

Rising rents and home prices will cause the first homebuyers to face double pain

Ms. King was responsible for advice and client care at Stockspot, an online investment adviser, and used this service to make investments. “We are helping many customers save on home deposits by investing. It’s very popular,” she said. Richard Dennis, Chief Economist at the Australian Institute, emphasized the...

Four financial priorities for 2022

Even if you are single and have no dependents, keep in mind the downside that insurance companies need to stay sick to pay, but income protection insurance is important. Trauma insurance is slightly different in that it pays a lump sum for the diagnosis of the condition described. base About...

Mortgage Refi Calculator

With mortgage rates hitting new record lows over twelve times, millions of people have already refinanced their mortgages and millions more could save by doing so. Use Money’s refinance calculator to determine whether refinancing is right for you. How Money’s Refinance Calculator Works. Our refinance calculator can help...

What Is a Lien on a House?

Liens often have negative connotations for homeowners. Yet if you’re reading this article, you may be surprised to find out that you already have a lien on your home and that liens are not always as bad as they sound. Here’s what you need to know. Understanding How...
Reverse Mortgage Daily

Senior housing wealth tops $10 trillion for first time

Homeowners aged 62 and older saw their collective housing wealth increase in Q3 2021 by 4% compared to the previous quarter. This constitutes an increase of approximately $396 billion to a record of $10.19 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan.
Reverse Mortgage Daily

Could rising rates signal the end of the Refi boom?

The cost of borrowing is inching up, and that’s beginning to shrink the pool of homeowners looking to refinance their reverse mortgages. For the week ending in Jan. 11, the 30-year Constant Maturity Treasury (CMT) rate and the 10-year CMT rose .16% and .19%, respectively. The 30-year CMT rose to 2.07% for the week, while the 10-year CMT reached 1.70%.

Reverse Mortgages as Payment for Elderly Care

Typically, elderly care can be expensive. If you have an elderly family member, it’s one of the concerns you have to think about as they age and experience physical and cognitive decline. No matter how independent they are when they’re young, it’ll still come to a point when you need adequate elderly care to improve their quality of life.

4 Alternatives For Refinancing A Home Loan With Bad Credit

Do you have a bad credit history? If yes, you may think that a refinance is completely from your very own achieve. Hold up a€“ it could not. There are some strategies and special situations to help you potentially refinance with poor credit. We’re going to see a...