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Mortgage Rates Tick Down As More Home Buyers Choose To Wait It Out - Latest News
Majority of first-time buyers waiting for ‘house prices to drop after Brexit’
Thousands of first-time buyers are ... likely lead to more uncertainty and the market would stay fairly flat. Selvanayagam says: "Many may choose to sit on the sidelines to wait and see what happens – ... read more
Will You Be Able to Get a Mortgage in 2018?
The average interest rate may change over time, but the lender you choose and the mortgage ... a home can be,” Portales says, adding that she makes it her job to point out the age of the roof, air con... read more
Amazon’s Impact on Housing Market Expected to Be Nominal
These days some buyers are waiving home ... out the area before they commit to a mortgage and buy. Wu described the rental scene as “crazy now, what they are paying for two and three bedroom apartment... read more
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Should You Refinance Even If You Plan to Sell Your Home?
Rates are even better on jumbo mortgage loans, as more investors are pouring ... If you have a first mortgage on your home with a HELOC, it very well might make sense even if you plan to sell the home ... read more
The Start-to-Finish Guide to Buying a Home
Advertisement Like many other homeowners, I researched the heck out of buying my first home ... of 20% for your down payment in order to avoid having to buy private mortgage insurance, plus another 3% ... read more
Home Foreclosures Up as Mortgage Rates Climb
The use of lower-interest adjustable-rate mortgages, or ARMs, interest-only mortgages or option-ARMs that allowed home buyers to choose how to pay each month soared during the same period. According t... read more
First Time Buyer Mortgage Fixed Rates Tumble to Record Lows
Darren Cook, Finance Expert at Moneyfacts, said: “With first-time buyers (FTBs ... a greater number of mortgage options available at the higher LTV tiers, as well as lower initial interest rates in th... read more
How Long Do You Have to Wait Before You Can Take Out a Second Mortgage?
In most cases, there is no set amount of time that you must wait before you're allowed to get a second mortgage. Lenders are far more concerned ... rate. Before lending additional money, banks figure ... read more
Borrowers, lenders, and appraisers all benefit from innovation in the appraisal industry
Innovation is the new buzzword in today’s mortgage lending market. Over the course of the past decade, financial institutions and technology companies have become more ... out of mind – a dormant peri... read more
Dave Ramsey’s 7 Tips for Paying Off a Mortgage Faster
Low-interest rates might make it tempting to stretch out your payments over the course of the entire loan. The Dave Ramsey mortgage plan encourages ... is an advocate of buying a home with 100 percent ... read more
Rate of home ownership among millennials of color is strikingly low, study finds
Although millennials made up 36 percent of home buyers ... more likely to be homeowners if their parents are homeowners and have the means to help their kids with a down payment, according to the stud... read more
What Does Taking Out a Second Mortgage Mean?
Taking out ... your home; you will repay the money in installments over a fixed period of time. If you choose a line of credit, your second mortgage will function more like a credit card. You will hav... read more