Results for Purchase Mortgages

Private mortgage insurance is a line item on many homeowners’ monthly mortgage statements, and it’s particularly common for first-time homebuyers that have little in the way of a down payment. If your down payment is less than 20% of the appraised value of the home, your lender will often require you purchase mortgage insurance for […]

Homeowners insurance and title insurance may not be the only kinds of insurance you need when you buy a home. Many buyers also have to purchase mortgage insurance, which lenders require for mortgages with a down payment of less than 20 percent. Take the time to understand what you’re buying and how long it will affect you
Mortgage Insurance Protects the Lender
Most types of insurance will pay you if you make a claim. Mortgage insurance, though, is solely for the lender. If…

A few years back, the Fed began purchasing mortgage-backed securities in an effort to lower interest rates on mortgages. Over time, the endeavor, known as Quantitative Easing (QE) proved successful and borrowers enjoyed the lowest mortgage rates in history. As planned, mortgage rates dipped to record lows, prompting a

The average rate for a 30-year fixed-rate mortgage inched up to 4.16%, but buyers shouldn't panic -- rates are still low by historical standards.

While homeowners typically equate the FHA loan program with low-down payment mortgages, FHA refinances are also available
In addition to easy-to-source rate-and-term and streamline refinances that replace an existing FHA mortgage with a better one, the FHA even offers cash-out refinance loans
A cash-out FHA loan refinance allows the borrower to take out up to 85 percent of the value of his property. In today’s market,…

When you are in the process of buying a home, there are a lot of moving parts that need to work together. It can be hard for you to keep track of everything that has to happen, particularly if you are going through this process for the first time. With this in mind, there are a few basics that you should remember when you are looking for a home loan
Work With A Professional
It is critical for you to work with a…

There are many benefits of purchasing life insurance at age 23.

A down payment is the amount of money you spend upfront to purchase a home and is typically combined with a mortgage to fulfill the total purchase price of a home.

Homebuyers make a lot of mistakes that hurt their chances of getting a mortgage preapproval from their lender. You don’t want to join their ranks and sabotage your home purchase. To find out what those missteps are, we talked to two lending experts: Casey Fleming, a mortgage advisor with C2 Financial Corp. in San Jose, California,...Read More

Here’s how to resist temptation and ultimately keep more money in your pocket.

The clock is ticking for buyers and homeowners who want to grab a low mortgage rate in 2014. But if you stay on top of your game, keep your finances in order and act quickly, you can still grab attractive mortgage deals. These 10 mortgage tips can help you with your mortgage decisions in 2014.

Many home buyers sell stock holdings to finance a home purchase. But there are alternatives to pulling out of the stock market. Here are other ways to get a home mortgage.

If a lower-than-expected appraisal comes in, you'll need to be prepared to pivot.

What to Know About Mortgages For Land Are you planning to buy a plot of land to build a new home? Are you investigating a land loan? If you need financing, you may find it more challenging to get a land mortgage from traditional lenders. Land loans are a more specialized finance product that will be available from fewer lenders. When you are purchasing land, there is often a more significant down payment requirement than when you are buying a home. So, it's…

Regardless of what your income is, here are five important questions to ask before you start the search for your first home.

For me, and for a lot of other people, shopping can be a very impulsive exercise. When something you want is on your radar, you're often pulled very strong

Buying a home can be an exciting experience. However, that enthusiasm might wear off once the finances come rolling in. Determining the budget, acquiring services of real estate agents, and finding the perfect builder for you are one of the factors to consider before deciding to buy a new home.

Are you finally ready to place an offer on the home of your wildest dreams? Here's how you can negotiate a fair purchase price for your dream home.

With so many deals sites available, and coupon apps that allow for easy access to discounts, it can be easy to go overboard on the good deals.
Getting items you were planning to buy anyway, for an extra 50-90 percent off is wonderful! But when should we pass on a sale and just keep the money in o