It took a few weeks, but weâve finally got concrete details regarding the Obama Administrationâs so-called âBroad Based Refinancing Plan.â First off, homeowners with Fannie Mae and Freddie Mac-backed mortgages who are unable to refinance their mortgage to take advantage of the near-record low mortgage rates will be able to go through HARP 2.0. HARP [&hellip
The post Obamaâs Broad Based Refinancing Plan first appeared on The Truth About Mortgage.
Head to the Land of Lincoln for the best urban cities and rural towns.
The post The Best Places to Live in Illinois in 2021 appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Looking for the best mortgage rates? Weâve all heard about the super-low mortgage rates available, but how do you actually get your hands on them? When itâs all said and done, it never seems to be as low as the bank originally claimed, which can be pretty frustrating or even problematic for your loan closing. [&hellip
The post Mortgage Rate Shopping: 10 Tips to Get a Better Deal first appeared on The Truth About Mortgage.
From cash grants to free lots of land, these incentives are luring city dwellers to rural America.
Lackluster listings abound – learn to cut through the clutter and spot the keepers.
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called âg-feesâ in exchange for purchasing their loans and bundling them into mortgage-backed securities, which are then sold to investors on the secondary market. [&hellip
The post Why Your Mortgage May Get More Expensive first appeared on The Truth About Mortgage.
A while back, I mentioned that it appeared as if we were running out of homes for sale, despite being just years (or days) out of the housing crisis. I was being somewhat facetious, but itâs true that there are very few homes for sale these days, at least in areas where people want to [&hellip
The post Housing Inventory Lowest Since 2007, But Median Price Unchanged first appeared on The Truth About Mortgage.
When it comes to owning a house, the decision whether to build or buy is one you have to contend with. Each option comes with its set of advantages and disadvantages. For instance, buying ensures you become homeowner in record time as opposed to building which takes longer. Whichever option you settle on, it helps […]
The post Pros & Cons to Building Your Own New Home appeared first on Credit Absolute.
If youâve listened to the news lately, youâve probably heard that home prices are on the mend, big time. The latest piece of good news comes courtesy of S&P Dow Jones Indices, which released its S&P/Case-Shiller Home Price Indices report yesterday. It revealed that average home prices increased 8.6% and 9.3% for the 10- and [&hellip
The post Five Reasons Home Prices Are Rising Like Crazy first appeared on The Truth About Mortgage.