The U.S. forbearance rate fell nine basis points last week to 5.37% of servicers’ portfolio volume, according to a survey from the MBA.
The post Mortgage forbearance rate continues to drop appeared first on HousingWire.
Javier Gonzales is legally a homeowner, but he says his first instinct is to say “no” if someone asks. This is because he hasn’t made the mortgage on the townhome he bought in years, and he doesn’t live there anymore. Gonzales says he owes $476,000 on the townhome, which is only worth around $263,000. “I don’t care… Read More
The post What to do When You Owe More than a House is Worth and Want to Sell appeared first on Credit.com.
Everyone knows that when you apply for a loan the lender will perform a credit inquiry. And everyone knows that credit inquiries hurt your credit score. What everyone doesn’t know is that credit scoring algorithms allow a “rate shopping window” so you can compare loan offers and rates with multiple lenders without hurting your score. […]
The post What is the Rate Shopping Window appeared first on The Lenders Network.
If buying a home is your next financial goal, then you may have heard about mortgage insurance. Mortgage insurance is probably not what you expect it to be. We will cover what you need to…
The post What Is Mortgage Insurance? appeared first on Crediful.
A mortgage is a type of secured loan, with the house serving as collateral. Technically, a borrower owns the house as soon as they sign the mortgage contract, but if they fail to meet their monthly repayments and any other obligations, the lender may seek to secure the asset. This process is known as foreclosure. […]
Foreclosure and Buying a Foreclosed Home: A Guide is a post from Pocket Your Dollars.
Any house that you buy âusedâ has a history to it, and that history may affect your finances. Here’s one key call you can make to check out your new home.
The post One Important Phone Call You Should Make Before You Buy A House appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
People choose where to live based on many factors – availability of jobs, location of family, and the weather all come into play for most folks. Something some Americans may not remember to take into consideration, though, is the livability … Continue reading →
The post Most Livable Cities in the U.S. – 2020 Edition appeared first on SmartAsset Blog.
The housing wealth of homeowners aged 62 and older hit a record high of $7.82 trillion in the third quarter of 2020, the National Reverse Mortgage Lenders Association (NRMLA) reported Thursday. The association said seniors saw a $121 billion (1.6%) quarter-over-quarter gain in their housing wealth, as the value of seniors’ homes climbed by an … [Read more…]
Itâs been a while since I last posted a mortgage match-up, so without further ado, hereâs the latest installment: “Prepay the mortgage or invest instead?” There are likely thousands of articles that deal with this very subject, all with plenty of differing opinions, but we are in unprecedented times. Mortgage rates have never been lower [&hellip
The post Should You Prepay the Mortgage or Invest Instead? first appeared on The Truth About Mortgage.
Mortgage Q&A: âWhen to refinance a home mortgage.â With mortgage rates at or near record lows, you may be wondering if now is a good time to refinance. Heck, your neighbors just did and now they’re bragging about their shiny new low rate. The popular 30-year fixed-rate mortgage slipped to 2.80% last week, per Freddie [&hellip
The post When to Refinance a Home Mortgage: Now, Later, or Never? first appeared on The Truth About Mortgage.