#Mortgage Loan

Real EstateForbes

Does Refinancing A Mortgage Hurt Your Credit?

Refinancing a mortgage is when you get a new loan to replace your current home loan. Depending on the type of loan you get, refinancing could help lower your interest rate or monthly payment, or shorten your repayment terms to pay off your loan sooner. When current mortgage and refinance...
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POTUSPosted by

What to Expect When Forbearance Protections End on June 30

Over the course of the COVID-19 pandemic, U.S. residents have been protected from foreclosures and evictions. Millions of homeowners are lingering in forbearance and awaiting the expiration of protections on June 30. Article continues below advertisement. What's happening on June 30, and how can people prepare—if at all? Here's what...
Real Estatemoney.com

You May be Sitting on $158,000 of Tappable Equity

House prices in the U.S. have risen 12.6% in just a year, making many Americans house-rich, to the tune of $7.3 trillion in tappable home equity, according to mortgage technology and research firm Black Knight. This is the largest dollar value gain in history — about $158,000 per homeowner with tappable equity, a total of roughly 18 million people.
Real EstatePosted by

How many names can be on a mortgage?

You’re ready to buy a house, but you’re buying it with other people. Can you all put your names on the mortgage? This question doesn’t have an easy answer — here’s what to consider. How many names can be on a mortgage?. There’s no legal limit as to how many...
Real EstateMotley Fool

Should You Refinance Your Mortgage Now?

Is it a good time to get a new home loan? Here's what to consider. Refinancing a mortgage is a great way to make your home loan more affordable, or to make that loan work better for you. But is now a good time to refinance? Here are some things to consider.
Real Estatemsn.com

Today's Mortgage Rates | June 23

After three-days of increases, mortgage rates are lower once again. The average rate for a 30-year fixed-rate mortgage dropped to 3.496% today, a decrease of 0.047 percentage points. Rates were also lower for all other fixed-rate loan categories, while adjustable rate loans were either unchanged or higher. Well qualified buyers...
Dallas, TXthemortgagereports.com

PrimeLending Mortgage Review for 2021

PrimeLending has a record of top-notch customer service for home buyers and refinancing homeowners. Learn if this lender is best for you. Since 1986, PrimeLending has helped many families realize their dream of homeownership. Headquartered in Dallas, Texas, the lender offers a wide range of loan solutions—whether you’re renovating, refinancing, constructing, or purchasing a home.
Real Estatethebalance.com

What Is the Real Estate Settlement Procedures Act (RESPA)?

The Real Estate Settlement Procedures Act (RESPA) is an important statute that mandates transparency across a variety of areas in the mortgage-closing process. Transparency is achieved through required paperwork that helps the borrower understand fees, conflicts of interest, and more. Learn what RESPA covers, how it protects the vast majority...

Have Student Loans? It’s About to Be Easier to Get a Mortgage

If you have student loans and are planning to buy a home or refinance soon, then take note: It’s about to get slightly easier — at least with FHA loans. Last week, the Department of Housing and Urban Development (HUD) announced changes to its student loan payment calculations, as well as how those impact a borrower’s mortgage application.

How to Qualify for an FHA Mortgage, Even With Student Debt

If student loans have held you back from getting a FHA mortgage, there’s some good news: the Department of Housing and Urban Development (HUD) is relaxing the rules on how it assesses student loan debt, which will increase your chances of qualifying for a loan if you’re on a repayment plan.
Real EstateInman.com

Purchase loan demand up again, bucking increase in mortgage rates

Demand for purchase loans was up for the third week in a row last week, even as mortgage rates surged to the highest level in a month, according to a weekly survey by the Mortgage Bankers Association. After adjusting for seasonal factors, applications for purchase loans were up 1 percent...
EconomyPosted by

How homeowners of color are threatened by climate change — and climate policy

When Hurricane Harvey struck Texas in August 2017, it dumped 27 trillion gallons of rain on the greater Houston region, sumberging about a quarter of the metropolitan area. To this day, it remains the wettest storm on record in the U.S. The hurricane, which research would later find was 15 percent more intense and three times as likely due to climate change, caused financial hardship for thousands of families.
Real Estatechartattack.com

Things to Avoid if You Wish to Purchase the Perfect House of Your Dreams

Are you in search of a new house? There are several choices available, depending on where you wish to relocate. Before you get too excited, realise that it’s an expensive investment. Take your time to compare the choices before making up your mind. You can’t pay for a property that doesn’t match what you’re looking for. Here are a few things to avoid if you want to live in the best place.