In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained why low down payment mortgages are growing in popularity, especially among Millennial buyers. Are 3% down mortgages going to be the new normal?
While reverse mortgages can be a useful retirement planning tool under the right circumstances — helping you to boost retirement income, pay off debt or or even buy a home — there are potential pitfalls. Here's what you need to know.
Interest rates are low, real estate appears to be picking up again, and the adjustable rate mortgage is of interest to us. We do not understand how that works. What exactly is an ARM, and do you have any advice on whether we should use this form of loan?
Not only are consumer credit default rates below pre-crisis levels and trending down, but the first mortgage default rate dropped to a historical low. And according to David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, The economy looks good.
Credit score. Employment status. These are the kinds of factors that banks look into when they’re deciding whether to give you a home loan. A handful of new studies suggest that they should also be looking at sustainability.