home loan

Zillow: Credit Score Single Most Important Factor for Mortgage Rates

This morning, Zillow, the company behind the love it or hate it Zestimate, released a new study that analyzed the impact credit scores have on mortgage rates and corresponding payments. The company used data from 13 million loan quotes and 225,000+ purchase loan requests on the Zillow Mortgage Marketplace. Zillow Studied Data on 225k Purchase [&hellip

The post Zillow: Credit Score Single Most Important Factor for Mortgage Rates first appeared on The Truth About Mortgage.

Fannie Mae and Freddie Mac Roll Out New Payment Deferral Option

To further complicate the complicated mortgage relief picture surrounding the coronavirus outbreak, Fannie Mae and Freddie Mac have released their new “payment deferral” option early. Originally slated to roll out on January 1st, 2021, the pair are encouraging loan servicers to begin evaluating eligible borrowers on or after July 1st, 2020. Note that this relief [&hellip

The post Fannie Mae and Freddie Mac Roll Out New Payment Deferral Option first appeared on The Truth About Mortgage.

What Is a HomePath Property? A Foreclosure With Surprising Advantages

Fannie Mae gives the little guy a chance to buy a home through its HomePath program. Finding a HomePath property is easy through its online listings.

The post What Is a HomePath Property? A Foreclosure With Surprising Advantages appeared first on Real Estate News & Insights | realtor.com®.

What Mortgage Rates at 4-Year Highs Does and Doesn’t Mean

You’ve probably already seen the alarming headlines, that mortgage interest rates rose this week to highs not seen in over four years. Gasp! It sounds like doomsday for mortgage rates, but to really interpret what four years means, we have to take a look back at history. 30-Year Fixed Hits 4-Year High of 4.58% Freddie [&hellip

The post What Mortgage Rates at 4-Year Highs Does and Doesn’t Mean first appeared on The Truth About Mortgage.

Mortgage Rates Vary by Lender, So Shop Around

While mortgages are largely a commoditized product, unlike perhaps a TV or a smartphone with unique technology, their cost can still vary considerably by lender. The reason mortgage rates are different across banks and lenders could be a result of operating costs, risk appetite, desire to dominant a certain region, and so on. If one [&hellip

The post Mortgage Rates Vary by Lender, So Shop Around first appeared on The Truth About Mortgage.

How Much And What Kind Of Debt Have You Incurred In Your Lifetime?

How many credit cards, mortgage and other credit accounts do you have on your credit report?How much have you spent on credit over the years?

The post How Much And What Kind Of Debt Have You Incurred In Your Lifetime? appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

2020 Mortgage Rate Predictions: Expect Flat to Better

As 2019 wraps up, it’s time once again to consider what the future holds for mortgage rates. Looking back over the past 12 months, it was another great year for anyone looking to buy a home or refinance, at least with regard to interest rates. Sure, home prices aren’t on sale anymore, nor have they [&hellip

The post 2020 Mortgage Rate Predictions: Expect Flat to Better first appeared on The Truth About Mortgage.

What Is Mortgage Recasting and How It Can Save You Money

If you are eager for a way to save money on your mortgage, one popular option is through mortgage recasting, or when a large payment allows you to re-amortize your mortgage and reduce your monthly payments. Here, we go through the pros and cons to recasting a mortgage. What is mortgage recasting? Mortgage recasting, also […]

The post What Is Mortgage Recasting and How It Can Save You Money appeared first on The Simple Dollar.

Do Mortgage Rates Change Daily?

It’s that time again folks, where I answer your burning mortgage questions. The latest mortgage Q&A: “Do mortgage rates change daily?” Mortgage rates are hot news right now, what with them hovering around all-time lows yet again but beginning to inch higher. And it seems everyone is interested to see if they can save a [&hellip

The post Do Mortgage Rates Change Daily? first appeared on The Truth About Mortgage.