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…

Two new forms aim to make the home loan process a lot more transparent. Here's your guide on what buyers need to know.

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

According to the Bureau of Economic Analysis, the average American spends over $1400 on buying clothes and related items per year and it's been estimated that most people only wear 20% of the clothing they own. Want to look great, keep the closet clutter to the minimum, and stop wasting money on unworn items? The key is building a wardrobe with smart purchases that are simple, timeless, and versatile. The following infographic offers a handy guide to building a smart wardrobe that will…

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.

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mo

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.

What costs, amenities and other factors differentiate buying a condo from a home? We break down the pros and cons of each real estate decision.

Watch out for these common pitfalls, which could cause you to miss out on a great rate or even lose your deposit.

Mortgage interest rates have come up off their bottoms and more increases are bound to come.

Common financial decisions buyers make before purchasing a home
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09/14/2016 | Author: Editorial Staff
A survey from NerdWallet about financial decisions Americans make when purchasing a home reveals that more millennials than Gen Xers saved monthly for a downpayment and the top fear for Americans is the cost of repairs. See more information about saving, relationships, and fears in the infographic below
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Bankrate.com offers some tips for your home buyers on securing a mortgage, getting the best rate, and more. 

Buying a home can be tricky, so make sure you get the best deal possible.