Home Buying · Investment Properties
March 1, 2023
Unless you’re sitting on a boodle of cash, buying a second home — whether for an investment property or a vacation home — will require you to make a down payment for a mortgage.
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March 1, 2023
The Biden administration recently announced changes to required FHA insurance premiums. For current homeowners with an FHA home loan and prospective homebuyers pursuing an FHA loan, this means savings are […]
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Conventional Loans · Home Buying
November 15, 2022
Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to use the […]
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Home Buying · Niche Mortgage Products · USDA Home Loans
November 15, 2022
That perfect piece of land with mature trees and a lake has come up for sale. Your family has talked about building a house in the next few years. Now, […]
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November 15, 2022
There’s no one-size-fits-all answer to this one and it’s going to depend on a number of factors, including the type of mortgage you want and your personal financial circumstances.
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November 15, 2022
If you want to buy a home without a large down payment, there are plenty of government-backed programs available. But the opportunities don’t end there. Fannie Mae and Freddie Mac […]
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November 15, 2022
It typically costs between 2% and 5% of the amount you’re borrowing to cover the closing costs of your refinance.
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November 15, 2022
How much is PMI on a mortgage? Private mortgage insurance (PMI) is usually between 0.19% and 1.86% of your mortgage balance. And you sometimes need to pay an upfront premium […]
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Conventional Loans · Home Buying
November 15, 2022
Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to use the […]
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November 15, 2022
Most home buyers today apply for and, hopefully, are approved for their mortgage. They are subject to current lending standards and interest rates. But a few buyers can simply take […]
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