Smart Money: Your Money in 2023: Homebuying and Selling
In this episode, Sean Pyles and Liz Weston talk about what would-be home buyers and sellers should think about this year.
In this episode, Sean Pyles and Liz Weston talk about what would-be home buyers and sellers should think about this year.
A home equity loan can help you consolidate and pay off the rest of your debt, letting you focus on the more important things.
MaineHousing reports record 2022 volume in its First Home loan … Mainebiz
Still, he doesn’t predict a deep recession for this year: “The recession will not be particularly deep. Corporate finances are in good shape and employers will shun excessive layoffs to avoid losing employees in a tight market for skilled labor. While consumer confidence is highly subdued, average household debt is low compared with the onset … [Read more…]
Thereâs been a lot of buzz about the Home Affordable Refinance Program lately. While it has picked up steam in recent months, thanks to the removal of the LTV barrier, itâs still not reaching millions of underwater homeowners in need of a lower mortgage payment. Fortunately, there have been stirrings of expansions and extensions aimed… Read More »HARP May Be Expanded and Extended to Promote Mortgage Refinancing
The post HARP May Be Expanded and Extended to Promote Mortgage Refinancing appeared first on The Truth About Mortgage.
Youâre probably pretty stoked about the record low mortgage rates currently available with most banks and lenders nationwide. Whatâs not to like about an interest rate at or below 3% that is fixed for the next 30 years? While thatâs certainly hard to argue, it doesnât change the fact that mortgage rates could and should… Read More »Mortgage Rates Should Be Lower, Hereâs Why They Arenât
The post Mortgage Rates Should Be Lower, Hereâs Why They Arenât appeared first on The Truth About Mortgage.
It used to be that a 720 FICO score was all you needed to ensure you qualified for the lowest rate on a mortgage. At least credit-wise. In other words, anything higher than a 720 FICO didnât really matter, beyond bragging rights, and perhaps a safety cushion if your score dipped a bit prior to… Read More »Why You May Want a 780+ FICO Score When Applying for a Mortgage
The post Why You May Want a 780+ FICO Score When Applying for a Mortgage appeared first on The Truth About Mortgage.
One thing you should always look out for â regardless of the type of loan youâre applying for â is loan origination fees. Many lenders charge origination fees for new loans to help cover costs on their end. However, what these fees are called and the amount of these fees can vary quite a bit […]
The post Avoiding Loan Origination Fees appeared first on SoFi.
A slowing housing market led homebuilders to pull back, starting just 1.53 million housing units in 2022, down 3% from 2021.