Back in 2013, FHA home loans became a lot less attractive because most newly originated mortgages required mortgage insurance to be paid for the entire life of the loan. Instead of paying mortgage insurance premiums for say 5-10 years, or until the loan-to-value (LTV) fell to 78%, many new FHA borrowers were stuck paying the [&hellip
The post New Bill Aims to End FHA Mortgage Insurance Premiums for Life Policy first appeared on The Truth About Mortgage.
As the housing market changes, here are the ideal homes for America's generations, from Generation Z to Baby Boomers!
The post What are the Ideal Homes for America’s Generations? appeared first on Homes.com.
Flagstar Bank is the latest mortgage lender to offer a home loan with zero down payment requirement. They even go a step further by offering to pay the borrowerâs closing costs too. Sounds pretty sweet, doesn’t it? Unfortunately, the new loan program is only available to select borrowers in the state of Michigan, where most [&hellip
The post Flagstar Offering Zero Down Mortgages to Michigan Home Buyers first appeared on The Truth About Mortgage.
If thereâs one thing weâre not short of, itâs mortgage rate forecasts. Everyone seems to have an opinion, though often theyâre just that, opinions. Still, mortgage rates are always top of mind for prospective home buyers and existing homeowners because they can translate to lots of dollars in savings. That being said, we now have [&hellip
The post This Is How High a 30-Year Fixed Mortgage Rate Will Be in 2020 first appeared on The Truth About Mortgage.
The National Association of Realtors just released its 2017 Profile of Home Buyers and Sellers, and there are lots of interesting tidbits. Letâs explore 10 of them. 88% of Recent Buyers Financed Their Home Purchase First things first, an overwhelming share of recent home buyers used a mortgage to finance their home purchase, as opposed [&hellip
The post 10 Takeaways from the Annual Realtor Survey first appeared on The Truth About Mortgage.
Weâve heard it for years now â that itâs a sellerâs market. And itâs hard to argue that fact with home prices hitting new nominal highs in many states across the nation, month after month. If you’re a seller these days, it shouldnât take long to offload your home for a record price if you [&hellip
The post Is It Really Such a Great Time to Sell a House? first appeared on The Truth About Mortgage.