How to Best Utilize Mortgage Shopping Websites
Buyers who need a mortgage to purchase a home are less likely to use the Internet to find one than are existing owners looking to refinance, yet the benefits of online shopping are just as large if not larger for homebuyers.
Options for Early Mortgage Paydown
The 30-year fixed-rate mortgage is a great instrument that has made home ownership possible for millions of consumers, but none of them like the idea of being in debt for 30 years. Those who like it the least and have the poorest understanding of how mortgage amortization works are vulnerable to payoff scam artists, who keep popping up with allegedly easy ways to pay down the balance faster.
Mortgage Rates Up as Real Estate Strengthens
Mortgage rates are looking stable amid an improving housing market, with Freddie Mac's latest survey showing that lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.02 percent, up from 4 percent a week ago.
Study Critical of Reverse Mortgage Advertising
No advertisement tells the full story about a product or service.
Homebuyers Race to Beat Jump in Interest Rates
After renting a two-bedroom unit for four years at the Nineteen North Apartments on Route 19 in McCandless, Pennsylvania, Andy and Sarah Hadad decided the time had come to invest in a home where they could raise their 3-year-old daughter and build equity for their future.
Responding to Rising Rates
Whether you're financing a new home or automobile, juggling credit card and installment debt, or making investments to secure a retirement, financial experts generally have one piece of advice -- don't panic and educate yourself on the options that are available.
Seller Financing on Homes Can Be Risky
Question: We rent a house, and the owner wants to sell it to us. Our credit is not so great, and the seller can't afford to pay off the existing mortgage.
Bigger Home Loans Mean Lower Costs
In an example of the housing market's benefits accruing to wealthier homeowners, Zillow finds that the bigger your home loan, the better deal you'll get from lenders.
Higher Mortgage Rates Loom
In moving from London at the beginning of the year, Rose-Linn Jensen would have preferred to spend a year getting familiar with the Los Angeles area before buying a home.
Strong Jobs Report Lifts Mortgage Rates
The average interest rate that lenders offered on 30-year home loans shot back above 4 percent this week for the first time since November, pushed by news of a strengthening economy.