The final delinquency tally for December is in, with data revealing that by end of 2020, 1.54 million more mortgages were reported delinquent.
The post 2020 ends with 3.4 million loans in delinquency appeared first on HousingWire.
Mortgage interest rate and mortgage APR (annual percentage rate) while related, are not the same. Youâll see both listed for mortgages. For example, you may see a 30-year fixed-rate mortgage with an interest rate of 4.250% and an APR of 4.385%. The interest rate is the interest you pay on your home loan. The APR… Read More
The post What Exactly Is Mortgage APR? appeared first on Credit.com.
There are a lot of costs associated with getting a government-backed home loan. The down payment and closing costs can add up to tens of thousands of dollars. But there’s one cost you need to prepare for, the upfront mortgage insurance premium (UFMIP). This article will look at what upfront mortgage insurance is, the rate […]
The post Understanding Upfront Mortgage Insurance (UFMIP) appeared first on The Lenders Network.
Are you in the market for a new home but have very little to put down or less than perfect credit? An FHA loan may be worth considering as they have more lax qualification criteria…
The post FHA Loan Requirements for 2021 appeared first on Crediful.
The process of finding and buying a home can be complicated and stressful, but you don’t have to go it alone. A real estate agent can help you to find the right house; a mortgage broker can help you get the best deal. Everyone understands what the former does and why they need them, but many first-time buyers often […]
Working with Mortgage Brokers: Tips and Advice is a post from Pocket Your Dollars.
Selling your home before you retire could launch you into a much more comfortable retirement than you would have if you kept your home. Here are some reasons to consider selling your home in retirement.
The post Is Selling Your Home The Key To An Earlier Retirement? appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
The middle class may be feeling the squeeze, but the upper-middle class certainly isn’t. The former cohort has shrunk from 61% of households in 1971 to just 52% now, according to the Pew Research Center. The upper-middle class, by contrast, … Continue reading →
The post Where Upper-Middle-Class People Are Moving appeared first on SmartAsset Blog.
The Federal Housing Finance Agency (FHFA) has announced a further extension on foreclosure moratoriums on government-backed mortgages and eviction bans on real estate owned (REO) properties. In a Press release, the FHFA said that Fannie Mae and Freddie Mac will extend their moratoriums on single-family foreclosures and REO eviction until February 28. The foreclosure moratorium … [Read more…]
Mortgage match-ups: “Mortgage rates vs. the stock market.” With all the recent stock market volatility, you may be wondering what effect such events have on mortgage rates. Do mortgage rates go up if stocks go down and vice versa? Or do they move in relative lockstep? Let’s find out! Stocks and Mortgage Rates Follow the [&hellip
The post Mortgage Rates vs. the Stock Market first appeared on The Truth About Mortgage.
With mortgage rates at or near record lows, a lot of existing homeowners are probably asking themselves, âIs refinancing worth it?â The problem is thereâs no absolute right or wrong answer to this question, though with interest rates a lot lower than they were a year or two ago, the answer to this question will [&hellip
The post Is Refinancing Worth It? first appeared on The Truth About Mortgage.