home loan

What Do Biden’s Mortgage Protection Extensions Mean for You?

If you’re having a tough time paying your mortgage, the Biden administration is extending certain programs to help you. Previously, these protections — including a temporary stay on foreclosures, and options for forbearance — were set to expire at the end of March 2021.  But seeing as we’re still not done with the coronavirus crisis […]

The post What Do Biden’s Mortgage Protection Extensions Mean for You? appeared first on Good Financial Cents®.

What Is a Mortgage and How Does It Work?

Perhaps the most intimidating part of buying a home is applying for a mortgage. You may know exactly what “APR,” “points” and “fixed-rate” mean – but if this is your first home, or you just need a refresher, there are a lot of great resources to get you up to speed so you can be a well-prepared […]

The post What Is a Mortgage and How Does It Work? appeared first on Home Buyers Guide.

Mortgage Rate History: Check Out These Charts from the Early 1900s

Today we’ll take a brief look at some mortgage rate history to gain a little context. It’s always helpful to know what came before so you can better guess what might come after. Just about everyone knows that mortgage rates hit all-time record lows over the past year. But do you know what mortgage rates [&hellip

The post Mortgage Rate History: Check Out These Charts from the Early 1900s first appeared on The Truth About Mortgage.

2020 FHA Loan Limits Rise Five Percent from a Year Earlier

Another year, another increase in FHA loan limits, thanks to yet another rise in home prices. This is good news if you’re thinking about taking out an FHA loan, as you’ll likely be able to borrow a little bit more without going over the maximum loan amount allowed. Like Fannie Mae and Freddie Mac, the [&hellip

The post 2020 FHA Loan Limits Rise Five Percent from a Year Earlier first appeared on The Truth About Mortgage.

How to Successfully Navigate the Mortgage Process

The mortgage process includes a number of steps that can easily overwhelm any home buyer.  The prospect of homeownership can be exciting, but as homebuyers try to find their way through this uncharted territory, they don’t want to be left feeling lost and uncertain. Luckily, there are ways for homebuyers to successfully navigate the mortgage […]

The post How to Successfully Navigate the Mortgage Process appeared first on Credit Absolute.

Mortgage Delinquencies Have Fallen to the Lowest Level on Record

What a difference a decade makes, at least when it comes to paying the mortgage on time. A new report from Black Knight revealed that mortgage delinquencies fell more than 5% in January to reach their lowest point since 2000, which appears to be as far back as the data goes. Overall, the U.S. home [&hellip

The post Mortgage Delinquencies Have Fallen to the Lowest Level on Record first appeared on The Truth About Mortgage.

The Fed Non-Taper Doesn’t Really Save Homeowners That Much Money

It’s been about two weeks since the Fed decided to keep its mortgage purchases going strong, an initiative implemented to keep downward pressure on interest rates. So how meaningful has the decision to keep things unchanged been for mortgage rates? Well, all else being equal, before the non-taper event took place on September 18th, 30-year [&hellip

The post The Fed Non-Taper Doesn’t Really Save Homeowners That Much Money first appeared on The Truth About Mortgage.

Clear Capital’s New OwnerInsight Tool Lets Homeowners Fill in Appraisal Gaps

As reported earlier this week, some important pieces of the home loan process have been disrupted by the ongoing and seemingly intensifying coronavirus epidemic. One issue has been home appraisals, which are required for most mortgages and often require a human being to enter the subject property to take photos and inspect the condition of [&hellip

The post Clear Capital’s New OwnerInsight Tool Lets Homeowners Fill in Appraisal Gaps first appeared on The Truth About Mortgage.

What Do Mortgage Lenders Review on Bank Statements?

Know which financial weaknesses stand out to lenders so you can strengthen your chances of loan approval.

Will Pausing Payments Affect My Credit Score?

Taking a break from financial obligations can offer some breathing room, but it’s important to understand how deferred payments may affect your credit score.

The post Will Pausing Payments Affect My Credit Score? appeared first on SoFi.