April 18, 2024
The average mortgage interest rates increased slightly week over week — 30-year fixed rates went up (6.88% to 7.10%) as did 15-year fixed rates (6.16% to 6.39%). […]
Read More...April 18, 2024
Homeowners who have waited patiently to see if rates will go lower finally have their chance. According to Freddie Mac, the 30-year fixed-rate mortgage fell to the lowest rate ever […]
Read More...January 15, 2024
For many seniors, their home represents not just a place to live but also a valuable asset that can help fund their retirement. One financial tool that allows them to unlock their home’s equity is a reverse mortgage.
Read More...Cash Out Refinance · Refinance · Understanding Mortgages
January 15, 2024
A cash out refinance can put money in your pocket or pay off big debts. Here are some guidelines and things to think about before opening a cash out loan.
Read More...January 10, 2024
Some buyers find that they have built equity in the home a few years after buying it using an FHA mortgage. So they take out a home equity loan or […]
Read More...January 10, 2024
Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the […]
Read More...January 10, 2024
Most couples used to get married before making any major financial decisions together. But today, one in four unmarried couples between 18 and 34 buy a house together, according to […]
Read More...January 10, 2024
Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinance? […]
Read More...FHA Loans · Mortgage Strategy · Refinance
January 10, 2024
FHA Streamline Refinance loans help current FHA homeowners lower the monthly payments for their existing FHA mortgages. With this refinance option, homeowners can get approved with no home appraisal and […]
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