Looking at an FHA loan vs. a conventional loan is a good first step toward choosing a loan that is a good fit. Read more [...]
When it comes down to considering an FHA loan vs. a conventional loan, home buyers should explore their options in light of their unique situation... Read more [...]
Loan origination fees are how lenders start making money on the loan before it is paid on by the borrower. Read more [...]
Going through the mortgage pre-qualification process will help give borrowers a better idea of the type, size and even location of a home they could afford. Read more [...]
Things included in the home appraisal cost include an examination of the home's value based on its overall condition, the land it sits on, its location, and other criteria. Read more [...]
U.S. home prices rose in the latest quarter, but they are not rising as quickly, according to new data from the S&P/Case-Shiller National Home Price Index, but that might be more helpful to the housing recovery.
The S&P index, a measure of U.S. home prices based on 20 of the major metropolitan areas, rose 2.2 percent in June, but not quite as fast as the 2.5 percent increase in May. Only six cities - Charlotte, Cleveland, Las Vegas, Minneapolis, New York and Tampa - saw their prices rise Read more [...]
The mortgage pre-approval process is the part of securing a loan that will allow borrowers to legally purchase and start payment for the house. Read more [...]
The U.S. housing market is recovering, but is a ways off yet from returning to “normal” levels. In fact, the market is now 64 percent back to normal, according to real estate data company Trulia. While that is certainly more than half way there, it means there are still some challenges when it comes to mortgages.
Home loan lenders are only recently starting to ease up on their credit standards. Since the housing bubble popped several years ago, lenders have been reeling from the aftermath Read more [...]
Mortgage lenders will require a home appraisal so they can match the amount of the loan to the home and property value as closely as possible... Read more [...]
In order for FHA loan underwriters to help people with bad credit qualify for a loan to purchase a home, they will look at other aspects of financial history... Read more [...]