home loan

Despite COVID-19, You Can Still Get a Jumbo Home Loan

While lots of lenders have recently cut back on offerings that aren’t backed explicitly by the government, some are rolling out new loan programs to help homeowners get the financing they need. We’ve already seen non-QM lending basically dry up as the COVID-19 pandemic hit, though some lenders in the space are still hanging on [&hellip

The post Despite COVID-19, You Can Still Get a Jumbo Home Loan first appeared on The Truth About Mortgage.

Mortgage Lenders Now Providing Payment Relief Due to Coronavirus

CARES Act permits 6-12 month forbearance for mortgage payments on federally-backed home loans HUD has announced a foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next 60 days Fannie Mae has suspended foreclosure sales and borrower evictions until at least December 31st, 2020 Freddie Mac has announced the suspension of [&hellip

The post Mortgage Lenders Now Providing Payment Relief Due to Coronavirus first appeared on The Truth About Mortgage.

Balloon Payment Mortgage – What It Is & How It Works

Learn more about the balloon mortgage, a lesser-used type of loan that offers lower interest rates for a period of time, followed by a “balloon” payment.

How Much House Can I Afford

Unless you expect to rent all of your life, you’re going to need to buy a house of your own. You will need to figure out in what neighborhood to live in. You’ll need to figure out how long you expect to live in the house. However, this is only one piece to the puzzle. …

Continue reading “How Much House Can I Afford”

The post How Much House Can I Afford appeared first on GrowthRapidly.

Everything you Need to Know About Debt Settlement

The debt relief industry is vast and varied, with options for consolidation, refinancing, and even forgiveness. All these options provide an escape route, the light at the end of a very dark tunnel. One of the most effective is debt settlement, but this option isn’t for everyone and if you’re not careful it can make […]

Everything you Need to Know About Debt Settlement is a post from Pocket Your Dollars.

What to Consider When Applying for a Home Loan

The home buying process isn’t always easy, and without preparation, homebuyers can experience more difficulty than necessary. When you need a home loan, the hope is that your lender approves your loan application, but if you want the best possible outcome, it is equally important for you to both understand how certain factors can affect […]

The post What to Consider When Applying for a Home Loan appeared first on Credit Absolute.

Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive

Way to rain on our parade, Fannie Mae and Freddie Mac. Just when mortgage rates were hitting record lows, the pair decided to add a new fee to mortgage refinances in light of the ongoing pandemic. Simply put, they expect more losses related to a higher rate of loan defaults, and are adjusting their pricing [&hellip

The post Fannie Mae and Freddie Mac Mortgage Refinances Just Got More Expensive first appeared on The Truth About Mortgage.

When Do Mortgage Payments Start?

A little bit of mortgage Q&A: “When do mortgage payments start?” New homeowners (and those refinancing a mortgage) often wonder when mortgage payments start, as there’s sometimes a considerable gap between loan closing and the due date of the first monthly payment. For example, you may have been told by your real estate agent or [&hellip

The post When Do Mortgage Payments Start? first appeared on The Truth About Mortgage.