Loans

How to Transfer Your Credit Card Balance in 5 Simple Steps

  Are you struggling to pay your credit card debt?  Perhaps you’re considering a balance transfer credit card to help you pay off your debt faster? If so, you’re not alone. In fact, the average American household owes $6,194 in credit card debt and many are seeking strategies to reduce that number. It may be […]

The post How to Transfer Your Credit Card Balance in 5 Simple Steps appeared first on Incomist.

Debt consolidation refinance: How it works, pros and cons

The debt consolidation mortgage is one way to lower the payments and interest rate on your debts. But it’s not the best solution for everyone.

What Biden means for mortgage rates, housing policy, and real estate

Learn what Biden’s presidency means for mortgage rates, housing policy, real estate, and renters in the coming years.

New Home Purchase Applications Remained Strong to Year’s End

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 876,000 units in December 2020. This is an increase of 5.9 percent from the November pace of 827,000 units. On an unadjusted basis, there were an estimated 59,000 new home sold during the month, unchanged from the same level in November. “The new home…(read more)

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Mortgage Loan Early Payoff Overview

In the Mortgage Industry, Early Payoff a.k.a. as “churning”, “prepayment” or “borrower runoff” is the process whereby borrowers refinance their current mortgage for a better offer with a different lender. Surprisingly, many mortgage industry investors are unaware how much early payoffs are costing them, despite the fact that the practice has increased at an alarming rate. Most investors are much more focused on gaining new business; a process that demands the promotion of more early payoff mortgage loan products.

Chase sees huge digital adoption in home lending business

When it came to institutions moving quickly to meet shifting consumer needs during the pandemic, JPMorgan Chase was no exception.

The post Chase sees huge digital adoption in home lending business appeared first on HousingWire.

Paying Off Debt to Buy a House

When you buy a house, a big part of a lender’s decision whether to approve your mortgage rests on whether or not you can afford it.If you have a lot of debt, the monthly payments on those obligations chip away at the total amount you can pay each month on a mortgage. But that doesn’t… Read More

The post Paying Off Debt to Buy a House appeared first on Credit.com.

8 Types of Home Loans Available for Homebuyers

Many people mistakenly believe they can’t afford to buy a home because they don’t really know what their options are. Fortunately, home loans are not one-size-fits-all. There are a variety of different mortgages available to…

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