mortgage

Everything You Should Know About Mortgage Forbearance

When we are faced with financial hardships, we need all the help that we can get to tide us over until we get back on our feet. If you are a homeowner, a mortgage forbearance can be an option to buy you time while you sort out your financial problems without worrying about penalties or foreclosure.

Mortgage Applications Surge 54% From Early April, Latest Report Says

The U.S. housing market is showing signs of recovery as homebuyers resume their home searching activities thanks to the easing of lockdown measures happening in many states

Foreclosure and Eviction Ban Extended - FHFA

Foreclosure, Eviction Moratorium Extended as House Passes "Heroes Act"

The moratorium on evictions and foreclosures for by Fannie Mae and Freddie Mac-backed mortgages has been extended until June 30, 2020, at least, the Federal Housing Finance Agency (FHFA) announced last May 14, 2020.

Weekly Home Purchase Loan Applications Rise Again

For the third week in a row, home loan application volume has increased, thanks to the strong growth seen in Texas, Arizona, and California, a survey says.

Before Applying for a Home Loan, Here's What You Can Do to Maintain a Good Credit Score

There are different things you can do to maintain a good credit score to have a better chance of getting loan approval. Here are some tips.

Mortgage Applications Continue to Drop Following Slight Rate Gain

Mortgage applications have once again dropped as a result of the slight increase in the average contract interest rate for 30-year fixed rate mortgages. Industry experts are also expecting to see a rate hike in June.

Your Credit Card Paying Habits Can Affect Your Chances of Buying a Home

The entire process of buying a home – from looking for one to sealing the deal – is a long and tedious one. While having a good credit score is definitely a must if you want to apply for a mortgage, a recent report shows that your credit card bills may also affect your chances of getting an approved mortgage application.

Real Estate News: Millennials are Moving to the Suburbs

Millennials comprise the majority of would-be homebuyers, which is why several companies are on the look out for buyers coming from this generation. A recent report shows, however, that millennials are no longer choosing to live in main cities and are instead moving to the suburbs. What are the implications of their move?

Slight Increase in Interest Rates Causes a Drop in Mortgage Applications

A lot of buyers have been flocking the market in this busy spring home buying season because of the low mortgage rates. While a lot of people are taking advantage of the rates nearing its lowest in three years, a recent report shows that there was a drop in the number of mortgage applications because of a slight increase in the interest rates.

House Buying Tips: How to Find the Best Mortgage Company for You

Mortgage payments are long-term commitments, as you will most likely be paying it for 15 or 30 years of your life depending on your term. Given this long commitment, you may want to choose for the best mortgage out there for you, as this will determine the payments you will be making for quite some time. How do you know which mortgage company or lender is best for you?

How to Get an Approved Mortgage Even Without a Full-Time Job

Applying for a mortgage is a long and tedious process, which requires the submission of a handful of financial documents to prove your capacity to pay the loan. While having good credit scores is one of the requirements to getting an approved mortgage, having a full-time job also provides security for the lenders. Can you still get an approved mortgage if you do not have a full-time job?

Fixed Vs. Adjustable-Rate Mortgage: Which is the Right One for You?

Choosing the right mortgage for you is essential because this will determine your mortgage payments for the next couple of years or so. While there is no such thing as a “one size fits all” when it comes to mortgages, how will you choose between the fixed and adjustable-rate mortgage (ARM)?

3 Questions to Ask Yourself Before Searching for a New Home

Buying a new home is not an easy feat – the entire process requires a lot of time, effort, and patience. While buying a new home essentially starts with browsing through different listings on the market, there are several things that you need to carefully consider before beginning your search for a new home.

Non-Bank Servicers Pose More Problems for Homeowners with Pending Foreclosure Cases

Falling behind on your mortgage payments can leave your loan falling into the hands of a non-bank servicer. While going through a foreclosure is already a troubling matter as it is, it turns out that these non-bank servicers are posing more problems for those who have pending foreclosure cases.

3 Mortgage Mistakes to Avoid Before It’s Too Late

Mortgage applications are on the rise as rates are close to hitting its lowest in three years. While now may be the best time to go house searching, it may be good to stop for a moment, re-evaluate your goals and find time to carefully think of your options in buying a home.

House Buying Tips: Pros and Cons of Hiring a Mortgage Broker

Buying a house can sometimes be a long, tedious process, which requires a lot of time, effort, and patience. One of the things that make it hard for buyers is looking and applying for a mortgage. While finding the best mortgage for you can be done on your own, are you better of hiring a mortgage broker instead and save yourself from a lot of headaches?

Goldman Sachs to pay $5B in Settlement Over Toxic Mortgage Bonds

Goldman Sachs and the federal government has officially reached a settlement agreement over toxic mortgage bonds the bank sold to investors.

Can You Still Buy a New Home After Foreclosure?

A foreclosure might mean you have lost ownership of your first home, but that does not mean the end of it all. While going through a short sale or foreclosure can ruin your credit, reports state that it is still possible to bounce back and buy a new home despite this record. What kinds of instances make it easier for buyers to get a new home after foreclosure?

Should You Go for Higher Payments in Your Mortgage?

Mortgage payments are long-term commitments, especially for those who opted for a 30-year term. While some may be on the lookout for the lowest interest rate, there may be times when going for higher payments can provide you with more advantages in the long run. Should you consider paying higher for your mortgage?

Should You Co-Sign a Family Member, Relative or Friend’s Mortgage?

Good credit is one of the requirements in applying for a mortgage. Unfortunately, not everyone is able to attain the credit rating standards set by lenders, especially those who are just starting to work. Co-signing a mortgage is one of the options being offered to buyers who are unable to apply for a mortgage because of bad credit. Should you consider being a co-signer for a family member, relative or friend?

Homes are Selling Quickly as More Buyers Take Advantage of Low Mortgage Rates

Spring home buying is just around the corner, but there are already signs that this is going to be one of the craziest and busiest seasons for the real estate market. A new report shows that buyers continue to flock the market as mortgage rates continue to be at an all-time low.