Refinance

Existing Home Sales Reach Highest Levels Since 2006

Posted To: MND NewsWire

Existing home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association of Realtors® (NAR) said sales in the last month of the year rose 0.7 percent. Sales of single-family homes, townhomes, condominiums, and co-ops, were at a seasonally adjusted annual rate of 6.76 million during the month, compared to 6.69 million units in November. This represented a 22.2 percent increase over the 5.53 million unit rate a year earlier. The numbers were above the 6.40 million to 6.62 million range of forecasts by analysts polled by Econoday. Their consensus was for an annual rate of 6.55 million units. Single-family home sales were also 0.7 percent higher than the previous month at an annual rate of…(read more)

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What Should My Mortgage Credit Score Be?

You don’t have a separate rating called a mortgage credit score, but lenders do look at your score, credit history and several other factors when deciding whether to approve you for a home loan. Contrary to what some people think, though, you don’t necessarily need an excellent or good credit score to get a home loan. How high your score… Read More

The post What Should My Mortgage Credit Score Be? appeared first on Credit.com.

Colorado First-Time Homebuyer Programs

Housing prices are on the rise in Colorado making it more challenging than ever to become a first-time homeowner. Thankfully, the Colorado Housing and Finance Agency (CHFA) has several home buyer programs and grants for down payment and closing cost assistance for first-time homebuyers. Get Pre-Approved for a Mortgage and Check Rates National First-Time Homebuyer […]

The post Colorado First-Time Homebuyer Programs appeared first on The Lenders Network.

How to Get a Construction Loan

One of the best ways to ensure that your dream home really is your dream is to design and build it yourself. A home construction loan can help you accomplish your goals, but it’s important…

The post How to Get a Construction Loan appeared first on Crediful.

Choosing the Best Mortgage Lender

The process of finding the best mortgage loan begins with finding the best mortgage lender. They can ensure this process runs smoothly, you get the best rates, and any issues are dealt with in a timely and satisfactory manner. But with so many different lenders, how do you know which one is right for you? How to Find the Best Lender […]

Choosing the Best Mortgage Lender is a post from Pocket Your Dollars.

Where Rent Has Become More Affordable – 2020 Edition

Affordability issues generally affect renters more than homeowners. More than 40% of renters pay more than a third of their household income on rent compared to just 24% of homeowners on their mortgage, according to a February 2020 survey by … Continue reading →

The post Where Rent Has Become More Affordable – 2020 Edition appeared first on SmartAsset Blog.

Mortgage Impounds vs. Paying Taxes and Insurance Yourself

If you’ve been researching mortgages, or are in the process of taking out a home loan, you’ve probably come across the term “impounds” or “escrows.” When you hear these seemingly scary words, the loan officer or mortgage broker is referring to an impound account, also known as an escrow account. You may even be told [&hellip

The post Mortgage Impounds vs. Paying Taxes and Insurance Yourself first appeared on The Truth About Mortgage.

Getting a mortgage without your spouse: What are the benefits and drawbacks?

Thinking about buying a house or refinancing with only one spouse on the mortgage? Here are the major benefits and drawbacks to consider.