Posts Tagged ‘mortgage’
What Does ‘Fully Amortized’ Mean? By RealtyTimes
By David Reed | June 4th 2021 Mortgage loans come in most shapes and sizes such as different interest rates, loan terms and others. One term you may have heard of is ‘fully amortized.’ It’s sort of a mouthful but it’s an impo...
Here’s What Your Mortgage Lender Wants You To Know About Buying a House Right Now By Realtor.com
By Ana Durrani | Apr 14, 2021 (Getty Images) Even during the COVID-19 pandemic, people want—and need—to buy homes. The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge th...
What Are the Best Ways to Use Your Home’s Equity? By RealtyTimes
Your home equity can be a valuable resource to you, depending on your financial situation. Your equity is the interest you have in your home, as the owner. Your equity increases over time in two ways. Equity increases if your property valu...
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. ...
Get The Home You Want, Millennials: Smart Strategies For First-Time Homebuyers By RealtyTimes.com
Hey, Millennials. Come on into the real estate market! We really need you to buy some homes so we can keep chugging along. Oh, wait. Prices are rising and so are interest rates, plus inventory is scary low. Hmmm. Well, come on in anyway, w...
The Differences Between Financing New Construction and an Existing Home By RealtyTimes
Financing for new construction as well as financing an existing home both involve getting a loan with real estate as the collateral. They’re both the same in that manner but clearly different in others. Let’s look at the differences be...
Why Are Home Prices Rising So High? Blame Record-Low Mortgage Rates By Realtor.com
phototechno/Getty Images When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions—and soared to new ...
FHA Loan Requirements: What Home Buyers Need to Qualify By Realtor.com
designer491/iStock If you're looking up "FHA loan requirements," you are very likely wondering if you qualify for an FHA loan. These mortgages, which are insured by the Federal Housing Administration, help home...