What Are Typical Mortgage Down Payments?
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
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Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
Appraisal Basics
A real estate appraisal is an evaluation that determines the value of a property. There can be many different reasons for having an appraisal conducted, but one of the most common purposes is to determine the market value of a house before a mortgage transaction. more
Should You Refinance? Make Sure the Timing is Right
Deciding whether or not you should refinance depends on your personal financial situation. If interest rates are lower today than they were when you first took out your mortgage, refinancing makes sense. more
- How to Get Approved for an FHA Loan despite Bad Credit
- Alternatives to Getting a 2nd Mortgage
- What Lenders Don't Reveal About Home Equity Loans
- FHA Eligibility with Bankruptcy and Foreclosure
- Low Down Payment Loan Qualification
- Home Equity Loans for People with Bad Credit
- 3 Factors that Can Negatively Affect Your Mortgage Application
- What To Do When Mortgages Default
- Short Selling a Rental Property
- FHA Loans for a First-Time Home Buyer
- Second Mortgages: Advantages and Disadvantages
- 3 Reasons Banks Reject Short Sales
- 3 Warning Signs of Loan Modification Scams
- 3 Common Short Sale Mistakes
The Mortgage101 Blog
How to Buy Smart in a Sellers Market
Existing home sales have soared to the highest pace in three-and-a-half years, inventory has been sparse, and prices have made a monumental comeback, rising 11 percent in the past year. Yep, it’s officially a seller’s market. While this might make plenty of buyers nervous, it is still possible to score a great home in the... more