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.
The housing market in the United States was built around the subdivision and the automobile. Until 2011, the rate of...
The post How Autonomous Vehicles Might Impact the Housing Market appeared first on Homes.com.
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. Itâs not the first time weâve 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.
Find out the misconceptions when it comes to foreclosed homes and you can decide whether purchasing a foreclosure it the right choice for you.
The post Should You Buy a Foreclosed Home? Dismantling Foreclosure Myths appeared first on Homes.com.
The mortgage process includes a number of steps that can easily overwhelm any home buyer.Â The prospect of homeownership can be exciting, but as homebuyers try to find their way through this uncharted territory, they don’t want to be left feeling lost and uncertain. Luckily, there are ways for homebuyers to successfully navigate the mortgage […]
The post How to Successfully Navigate the Mortgage Process appeared first on Credit Absolute.
A new bill being floated by Representative Karen Bass (D-Calif.) aims to lower the costs of obtaining an FHA loan, which have surged in recent months. Back in April, the FHAâs upfront mortgage insurance premium increased from 1% to 1.75%. On a $200,000 loan, weâre talking about an increase of $1,500, which certainly isn’t incidental. [&hellip
The post Proposed Bill Lowers FHA Costs for Educated First-Time Buyers first appeared on The Truth About Mortgage.
If you speak to any financial planners or so-called experts on the matter, theyâll probably say, âYes, pay off your mortgage before you retire.â But is it fair to make the same conclusion for all individuals? Probably not. And times are changing… Carrying a Mortgage Into Retirement Most experts will tell you to extinguish the [&hellip
The post Should You Pay Off Your Mortgage Before Retirement? first appeared on The Truth About Mortgage.