Interest rates have reached levels not seen in years, posing challenges not only for home purchases but also for home renovation financing, which many homeowners are now choosing instead of moving to a new home....
Interest rates have reached levels not seen in years, posing challenges not only for home purchases but also for home renovation financing, which many homeowners are now choosing instead of moving to a new home....
Today’s mortgage application process is sleek and efficient. If you ever applied for a mortgage in the bad-old paperwork days, today’s mortgage process is a dream. Gone are thick file folders with reams of forms...
Mortgage rates have been higher since the Federal Reserve began hiking interest rates to combat inflation in 2021, but what is the relationship between mortgage rates and Fed rates? Now that inflation has cooled, the...
Cryptocurrency has moved beyond the novelty stage and is increasingly accepted for transactions and investing; in fact, there are even crypto-backed mortgages. In mortgage lending, some mortgages are being collateralized by crypto assets rather than...
Losing your spouse to death is distressing enough, but being required to pay his or her debts would only add to your grief. The good news is that surviving spouses are rarely considered legally responsible...
Renters who want to purchase their dwelling from their landlord can do so using an FHA loan. You can also use FHA loans to buy a house from a family member. But in certain circumstances,...
When you apply for a mortgage, the potential lender will ask for a written verification of employment to establish your ability to repay the loan. Here’s why that document is important. Meeting lending standards Lenders...
If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need...
If you’re shopping for a home loan, you may hear references to both qualified and nonqualified mortgages. What are these loans, and how do they differ? Qualified vs. nonqualified A qualified mortgage meets certain standards...
Zombie apocalypse movies are terrifying, but here’s a real horror story: “zombie” mortgage debt that chases you into foreclosure. Don’t let your finances be devoured! What is a zombie mortgage? A zombie mortgage is a...
