financing
MBA Ups 2009 Mortgage Forecast by $800 Billion
By admin | |

More good news…for loan originators.  The Mortgage Bankers Association increased its 2009 mortgage lending forecast by $800 billion to $2.78 trillion thanks to the expected refinance bonanza. The group now expects refinancing to total $1.96 trillion in 2009 and purchase originations to ring in at $821 billion. The refinance figure is up from an estimated [&hellip

The post MBA Ups 2009 Mortgage Forecast by 0 Billion first appeared on The Truth About Mortgage.

Ally Bank Review | The Simple Dollar
By admin | |
As traditional banks struggle with customer frustration over hidden fees and insultingly low interest rates, Ally Bank has positioned itself as the antidote to these problems.
Mortgages for Doctors: Expanded LTVs and Large Loan Amounts
By admin | |

If you’re a doctor, or even a resident, or even a veterinarian, getting a mortgage can be a little bit easier thanks to so-called physician mortgages offered by most major lenders. Just about every bank offers a special mortgage program for doctors, including large commercial banks like Bank of America and small local credit unions. [&hellip

The post Mortgages for Doctors: Expanded LTVs and Large Loan Amounts first appeared on The Truth About Mortgage.

New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit
By admin | |

Home Partners of America and New Penn Financial have joined forces to offer renters the ability to get a mortgage with as little as their security deposit. The joint venture aims to alleviate one of the main obstacles to owning a home, the down payment. It’s not the first time we’ve seen this in recent [&hellip

The post New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit first appeared on The Truth About Mortgage.

Ally Bank Savings Account | The Simple Dollar
By admin | |
Learn about Ally high yield savings accounts and get info on whether the Ally Bank savings rate makes sense for you.
How Homes.Com Can Help You Get the Right Mortgage for You
By admin | |

When it comes to taking out a mortgage, many buyers, especially first-time borrowers, expect it to be an intimidating experience....

The post How Homes.Com Can Help You Get the Right Mortgage for You appeared first on Homes.com.

Now You Can Get a 30-Year Fixed at 3.25%
By admin | |

We all know mortgage rates are low, but this is seemingly ridiculous. The New Hampshire Housing Finance Authority is currently offering a mortgage rate as low as 3.25% on a 30-year fixed-rate mortgage. And that’s with as little as 3.5% down (FHA loan). Of course, there are several strings attached. There are income and purchase [&hellip

The post Now You Can Get a 30-Year Fixed at 3.25% first appeared on The Truth About Mortgage.

Guaranteed Rate Launches New Jumbo Loan with Interest-Only Option
By admin | |

Well, it’s a new year, and with that comes new and exciting home loan programs to help borrowers purchase homes or refinance existing mortgages. The newest one comes courtesy of Guaranteed Rate, which launched its “GR Flex Power” mortgage that requires as little as 10% down on loan amounts as high as $3 million. Additionally, [&hellip

The post Guaranteed Rate Launches New Jumbo Loan with Interest-Only Option first appeared on The Truth About Mortgage.

FHA 203k Loan Program: The All-in-One Renovation Mortgage
By admin | |

In a nutshell, the FHA 203k loan program allows prospective home buyers to finance the cost of a property and improvements in one convenient mortgage. Instead of buying a fixer-upper, taking out a mortgage, and then later taking out a home equity line or executing a cash out refinance to fund necessary improvements, home buyers [&hellip

The post FHA 203k Loan Program: The All-in-One Renovation Mortgage first appeared on The Truth About Mortgage.

10 Tips for Spring Home Buyers
By admin | |
Follow these 10 tips to make the home-buying process a happy one.
1 2 3 49