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
Second Mortgages: Advantages and Disadvantages
A second mortgage is a loan taken out against the value of your property, in addition to your primary mortgage. These loans can offer great benefits, but they certainly come attached with some large risks as well. more
FHA Loans for a First-Time Home Buyer
FHA (Federal Housing Administration) loans are popular with first-time home buyers. FHA loans are easier to get and have some advantages over conventional mortgages. more
- What Lenders Don't Reveal About Home Equity Loans
- Alternatives to Getting a 2nd Mortgage
- Low Down Payment Loan Qualification
- 3 Reasons Banks Reject Short Sales
- What To Do When Mortgages Default
- 3 Common Short Sale Mistakes
- Appraisal Basics
- FHA Eligibility with Bankruptcy and Foreclosure
- Short Selling a Rental Property
- How to Get Approved for an FHA Loan despite Bad Credit
- Home Equity Loans for People with Bad Credit
- Should You Refinance? Make Sure the Timing is Right
- 3 Warning Signs of Loan Modification Scams
- 3 Factors that Can Negatively Affect Your Mortgage Application
The Mortgage101 Blog
Foreclosure Share of Home Sales Dwindled in Third Quarter
Foreclosed homes made up a much smaller share of total U.S. homes sales in the third quarter of 2011, according to foreclosure data company RealtyTrac, falling to 20 percent from 30 percent in the third quarter of 2010. There were 221,536 distressed properties purchased during last year’s third quarter, an 11 percent decrease from the previous... more