Housing Wire

APRIL 9, 2024

In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. Hunterbrook also claims that borrowers paid in UWM loans a total of $229 million more in closing costs over the past four years than the average-priced loan.

Fixed-rate mortgage 467

Fixed-rate mortgage Loans Mortgages Loan Officer 467

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

APRIL 7, 2021

In fact, depending on where you live, your monthly rent could be more expensive than your monthly mortgage. 3 underrated mortgage products to consider. A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. Not to mention, expensive. Yes, seriously.).

Debt-to-income ratio 476

Debt-to-income ratio Fixed-rate mortgage Finance Loans 476

Realty Biz

JULY 19, 2021

Looking at refinance mortgage options should provide you a way to deal with unexpected expenses, better plan your retirement, or pay for improvements to your home. Whatever your reason for mortgage refinancing, we look closer at the options. Reasons For Refinancing a Home Mortgage. Reasons For Refinancing a Home Mortgage.

Mortgages 145

Mortgages Fixed-rate mortgage Equity Loans 145

Marco Santarelli

AUGUST 3, 2024

Owning a home is a significant financial commitment, and obtaining a mortgage is a crucial step in that journey. For many, the allure of a fixed-rate mortgage lies in its predictability – consistent monthly payments and the comfort of knowing your interest rate won't fluctuate.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Equity Renovation 52

Realtor.com

JANUARY 19, 2023

Getty Images If you have a fixed-rate mortgage , your payment is the same amount every month and never changes no matter how much the interest rates fluctuate. That’s where an adjustable-rate mortgage , or ARM, comes in. That’s where an adjustable-rate mortgage , or ARM, comes in.

Fixed-rate mortgage 100

Fixed-rate mortgage Mortgages Closing costs Loans 100

Marco Santarelli

APRIL 12, 2024

The landscape of US mortgage rates is a dynamic and ever-evolving arena, influenced by a myriad of economic factors and policy decisions. Current Trends and Forecasts for Next 5 Years Recent analyses and expert forecasts suggest a period of fluctuation in mortgage rates in the United States. by the end of 2025.

Mortgages 116

Mortgages Fixed-rate mortgage Loans Closing costs 116

Realtor.com

MARCH 12, 2021

Getty Images Mortgage rates are on the rise after nearly a year of record lows, providing a nudge to homeowners who want to refinance but didn’t get around to it yet. Here are some questions to consider: What rate makes sense for me? The rate for a refi will vary based on the particular homeowner.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. Refinance Rate : 7.01% for a 30-year refinance, indicating stable rates compared to purchase mortgages.

Mortgages 97

Mortgages Loans Fixed-rate mortgage Closing costs 97

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. And there are plenty out there: adjustable-rate mortgages, interest-only mortgages, 2-1 buydowns. Shop around for a mortgage.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

Realty Biz

NOVEMBER 16, 2020

I’ve been told by my older brother and others that I should take out an adjustable rate mortgage because I plan to sell my first house before the interest rate will increase. He tells me that he was able to buy a bigger house because the mortgage payments were lower with an adjustable mortgage. What do you think?

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans Closing costs 102

HomeLight

JANUARY 23, 2023

As a homeowner feeling financial pressure, you might consider refinancing your mortgage to get a lower rate or selling your home to cash out on the steep rise in home values over the last few years. The choice may be a difficult one, however, given recent interest rate hikes and historically high housing costs.

Mortgages 105

Mortgages Fixed-rate mortgage Equity Loans 105

HomeLight

NOVEMBER 20, 2023

Finding an assumable mortgage is like a dual treasure hunt. But if you succeed in your quest, you can sidestep today’s high mortgage interest rates and secure a monthly payment that could be hundreds of dollars less. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination.

FHA loan 115

FHA loan Mortgages VA loan Loans 115

Realty Biz

FEBRUARY 12, 2021

Mortgage rates at their current record lows offer some serious savings for both home buyers and people looking to refinance. But experts say a low mortgage rate is only one part of the equation, as people also need to consider the loan’s annual percentage rate to take into account other costs such as upfront fees.

Mortgages 93

Mortgages Fixed-rate mortgage Closing costs Loans 93

Realtor.com

NOVEMBER 28, 2022

pawel.gaul/iStock The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the total cost for borrowing money over a one-year period. The “and other fees” clause is key here.

Closing costs 122

Closing costs Title search Fixed-rate mortgage Loans 122

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

HomeLight

SEPTEMBER 30, 2020

Mortgage payments can take up a good chunk of your income, especially with a new home. And the interest you pay on that mortgage loan is nothing to sneeze at. In 1982, mortgage rates hit an annual average of 16.03%. That means for a 30-year conventional mortgage loan for $250,000, you’d be paying $962,458.72

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

HomeLight

SEPTEMBER 13, 2021

Unless you’ve been living under a rock, you’ve seen news reports touting record-breaking, rock-bottom mortgage interest rates. According to the Federal Reserve Bank of Saint Louis, the average 30-year mortgage interest rate plummeted by 33% from January 2018 to January 2021, from 3.95% to 2.65%. So should you refinance?

Mortgages 104

Mortgages Equity Closing costs Loans 104

HomeLight

JUNE 22, 2023

Why, maybe it’s even dealing with the anxiety that comes while you’re waiting for closing day to finally come. All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. Without further ado, let’s get started.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

Realty Biz

SEPTEMBER 16, 2020

With the 30-year fixed-rate mortgage at an all-time low, the pool of homeowners that could benefit from refinancing and lower their monthly mortgage repayment has increased dramatically, experts say. million, could benefit, according to data from mortgage software and analytics firm Black Knight.

Fixed-rate mortgage 74

Fixed-rate mortgage Mortgages Closing costs Banks 74

HomeLight

AUGUST 26, 2020

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. The main reason to refinance your mortgage. On March 2, 2020 , rates averaged 3.7%, which was the lowest they’d been since 2011. Pay off your mortgage faster.

Fixed-rate mortgage 144

Fixed-rate mortgage Equity Loans VA loan 144

Realtor.com

FEBRUARY 2, 2022

But our mortgage and lending system can be especially challenging for retirees to navigate, simply because lenders prioritize income. There are a lot of different rules and costs state by state,” says Rachel Lester , an agent with Keller Williams Main Line Realty in Villanova, PA. Get creative with your mortgage.

Debt-to-income ratio 100

Debt-to-income ratio Mortgages Fixed-rate mortgage Lending 100

HomeLight

MARCH 11, 2022

Understandably, many buyers worry they can’t afford a mortgage in this highly desirable state. As Michael Stegman of Duke University, observes, “ Saving for a down payment remains one of the biggest barriers to obtaining a home mortgage ,” and in many cases, down payment assistance has become “the first rung on the homeownership ladder.”.

Closing costs 111

Closing costs Debt-to-income ratio Fixed-rate mortgage Loans 111

Redfin

SEPTEMBER 4, 2024

Refinancing your mortgage can be a strategic move to either lower your monthly payments, shorten your loan term, or tap into your home’s equity. However, did you know refinancing a mortgage can cost you? Now that you’re wondering, “How much does it cost to refinance a mortgage?” What do mortgage rates depend on?

Mortgages 69

Mortgages Debt-to-income ratio Closing costs Principal 69

Redfin

AUGUST 12, 2024

With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin or refinance your house in Miami , understanding the different mortgage types and key factors is essential. What is a mortgage? Here’s an overview of the main mortgage types: 1.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

Realtor.com

JANUARY 10, 2023

Getty Images Adjustable-rate mortgages, which offer homebuyers on a budget an initially low interest rate , are making a big comeback. ARMs work by offering a fixed mortgage interest rate, usually lower than a 30-year fixed-rate loan, for a period of several years. News & World Report.

Fixed-rate mortgage 77

Fixed-rate mortgage Mortgages Loans Closing costs 77

Marco Santarelli

DECEMBER 31, 2024

As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. 20-Year Fixed 6.48% -0.10 15-Year Fixed 6.03% -0.09 20-Year Fixed 6.54% -0.06

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52

Redfin

SEPTEMBER 4, 2024

Securing the best mortgage rate is a crucial step in the home-buying process, as it can significantly impact your monthly payments and the total cost of your home over time. A lower interest rate can save you tens of thousands of dollars, but securing that rate can feel like a challenging process.

Mortgages 69

Mortgages Fixed-rate mortgage Loans Closing costs 69

Redfin

DECEMBER 15, 2023

The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%. If you’re a homeowner who locked in at a record-low mortgage rate, refinancing your mortgage now would be an impractical choice. What is a mortgage refinance?

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Title search Equity 69

Realty Biz

APRIL 11, 2022

After our visit last weekend, Jenny talked to a girlfriend at work who said we need to start by getting preapproved for a mortgage. Her friend said to call a local real estate agent and ask for the name and number of someone that can help us shop for a mortgage. You cannot compare a 14% credit card with a 5% mortgage.

Mortgages 90

Mortgages Fixed-rate mortgage Loans FHA loan 90

Realtor.com

MARCH 22, 2021

They were spurred on by record-low mortgage interest rates. Those basement-scraping mortgage rates, which put more expensive properties within reach, are beginning to rise again. Mortgage rates expected to remain low in 2021. What resulted was the lowest interest rates we’ve ever seen.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

HomeLight

MAY 31, 2022

Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Nevertheless, despite rising interest rates and creeping inflation, the housing market continues to enjoy favorable pricing, largely due to low inventory. any mortgage payoff amount ? your costs = estimated net proceeds.

Seller concession 124

Seller concession Closing costs Staging Sales 124

Realty Biz

MARCH 5, 2021

For a lot of people, even saving up enough to cover a down-payment and closing costs is a daunting financial task. 203(k) Rehab Mortgage Insurance. The Rehab Mortgage Insurance program helps protect buyers from relying on improvement loans with high-interest rates and short repayment times. Repairing or Remodeling.

Closing costs 124

Closing costs Loans Renovation Fixed-rate mortgage 124

Marco Santarelli

JANUARY 25, 2025

Are you feeling the pinch of your current mortgage payments? As of January 25, 2025, mortgage refinance rates are showing some interesting trends that could potentially benefit you. The market is certainly not what it was a couple of years ago with those rock-bottom rates, but its also not as high as it could be.

Mortgages 69

Mortgages VA loan Fixed-rate mortgage Equity 69

Real Trends

NOVEMBER 7, 2022

Claiming the mortgage interest tax deduction. To incentivize homeownership, the government offers a mortgage interest tax deduction. Let’s say you get a 30-year fixed-rate mortgage of $350,000 with a 6.5% interest rate to buy a condo. Claiming the interest deduction on second mortgages.

Fixed-rate mortgage 98

Fixed-rate mortgage Agents Equity Principal 98