Posts Tagged ‘home loan’
How to Qualify for a Mortgage: Income, Credit, and Debt Requirements for a Loan By Realtor.com
By Daniel Bortz (courtneyk/iStock) If you’re wondering how to qualify for a mortgage, you’re not alone. Do you just show up at a bank with a checkbook, and hope for a good mortgage rate and a smile? Hardly! Mortgages aren’t hand...
Buying A House In 2021: A Step-By-Step How-To By RocketMortgage.com
MARCH 03, 2021 BY VICTORIA ARAJ *As of July 6, 2020, Quicken Loans is no longer accepting USDA loan applications. Are you ready to take on the challenge of buying a home in 2021? Make sure to read our how-to guide before you jump in....
What Exactly is a ‘Government Backed’ Mortgage? By Realtor.com
One may or may not be familiar with the term ‘government backed’ but it might be a bit confusing at first. First, what it’s not, isn’t a guarantee someone is going to get a mortgage because it’s backed by the federal government. ...
How Lenders Set Mortgage Rates By Realty Times
Ever wonder how mortgage lenders set interest rates for their loan programs each and every business day? Wonder why some lenders quote the exact same rate for the exact same program? Maybe why one lender is lower than others? Here’s some...
Falling rates boost mortgage market to pre-crisis levels By MSN.com
The mortgage market turned red hot over the summer, posting its biggest three months since the financial crisis. Lenders extended $700 billion of home loans in the July-to-September quarter, the most in 14 years, according to industry r...
Don’t believe the hype: See if you qualify By Bay Equity
According to a recent Freddie Mac survey, a stunning 82 percent of renters think renting is cheaper than buying. Viewed through a short-term lens, it’s understandable that renting somehow seems less burdensome. With increasing pressur...
Reversal of Fortune: The Mortgage Mistake That Could Cost One Woman Her Longtime Home By Realtor.com
realtor.com Despite having worked for decades in the real estate industry, Sharon Voss, 79, made a mistake that will likely cost her her home of nearly 30 years at an auction this month. The culprit: a reverse mortgage that was meant t...