home loan

Mortgage Forbearance Rate Hits 7%, Fannie/Freddie May Offer Partial Claim to Repay

Here we go again – the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association’s (MBA) revealed that the total number of loans in forbearance increased from 5.95% to 6.99% as of April 19th, 2020. That means roughly 3.5 million homeowners have now asked for their mortgage payments to be put on hold [&hellip

The post Mortgage Forbearance Rate Hits 7%, Fannie/Freddie May Offer Partial Claim to Repay first appeared on The Truth About Mortgage.

How Often Does Your Credit Score Change?

When you’re on the road to repairing your credit report, you’ll probably be excited to see how much your credit score has gone up since you started to make positive changes. Perhaps you’re considering a…

The post How Often Does Your Credit Score Change? appeared first on Crediful.

Elements of an Offer: Money, Timing and Waiting

So you’ve found a house you want and you’re ready to buy. It’s not as simple as knocking on the front door and announcing that you’ll take it. Your decision triggers the start of an intricate dance between you and the seller, typically with real estate agents guiding and advising you both. You’re about to […]

The post Elements of an Offer: Money, Timing and Waiting appeared first on Home Buyers Guide.

Credit Sesame Review: A Good Way To Get Your Credit Score Free

Credit Sesame is a debt and credit monitoring site that will allow you to check your credit score for free, with no obligation. Here’s my review.

The post Credit Sesame Review: A Good Way To Get Your Credit Score Free appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

125% Second Mortgages Are Back Again…

It feels like we’re getting dangerously close to repeating history in the worst way possible. High-risk loan programs that seemed extinct were perhaps only endangered, as evidenced by a new product launch over at CashCall, an Orange County based company that offers both personal and mortgage loans. Yep, they’re offering 125% second mortgages, and no, [&hellip

The post 125% Second Mortgages Are Back Again… first appeared on The Truth About Mortgage.

Charge-offs: The Facts You Need To Know

Next to bankruptcy, charge-offs are one of the most damaging items you can have on your credit report. However, the term “charge off” can be confusing and many people don’t understand what they are, or…

The post Charge-offs: The Facts You Need to Know appeared first on Crediful.

How to Get Cash Out of Your Home in a Rising Rate Environment

In a perfect world, you could tap into your home equity and lower your mortgage interest rate at the same time. But because interest rates rise and fall over time, this simply won’t always be the case for homeowners in need of cash. This is especially true these days as the great bulk of existing [&hellip

The post How to Get Cash Out of Your Home in a Rising Rate Environment first appeared on The Truth About Mortgage.

Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate

Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. This appears to not be the case… In fact, it’s the least common reason why a borrower selects a particular home loan lender, which is pretty shocking considering how much money is at stake. I [&hellip

The post Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate first appeared on The Truth About Mortgage.

What is a Hard Money Loan & How Do They Work?

Hard money loans are a way for borrowers to take out a real estate loan without having to work with traditional lenders, like banks, credit unions, or mortgage agencies. Traditional lenders usually base their willingness to lend you money, and…

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The post What is a Hard Money Loan & How Do They Work? appeared first on MintLife Blog.