With home prices (and interest rates) on the rise, itâs getting more and more difficult to qualify for a mortgage. One simple strategy you can employ to boost your purchasing power is to pay down existing debts. Iâve already warned prospective mortgage applicants to avoid swiping their credit cards before and during the mortgage process, [&hellip
The post Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power first appeared on The Truth About Mortgage.
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.
Spin your favorite indie record and plan a trip to one of these cities!
The post The Best Cities for Hipsters in America appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Mortgage Q&A: âDo mortgage payments increase?â While this sounds like a no-brainer question, it’s actually a little more complicated than it appears. You see, there a number of different reasons why a mortgage payment can increase, aside from the obvious interest rate change. But let’s start with the obvious and go from there. And yes, [&hellip
The post Do Mortgage Payments Increase? first appeared on The Truth About Mortgage.
One woman explains what she wishes she knew before she made the decision to be a full-time parent.
The post Can Your Family Afford Life on One Income? 6 Steps to Figuring It Out appeared first on MintLife Blog.
U.S. Senator and presidential hopeful John McCain delivered a speech today at a small business roundtable in Brooklyn, unveiling his so-called âHOMEâ plan to tackle the ongoing housing crisis. McCain applauded recent bipartisan efforts aimed at easing the mortgage crisis, but offered up his own solution that seems to be an amalgam of suggestions conjured [&hellip
The post Senator McCain Unveils Mortgage Refinance Plan first appeared on The Truth About Mortgage.
Bank of America said today it has begun processing refinance applications under the Treasuryâs âMaking Home Affordableâ program, with nearly 200,000 customers contacting the company to determine eligibility. “Combined with historically low interest rates, this program has generated significant interest from borrowers seeking the benefit of lower mortgage payments,” said Barbara Desoer, president of Bank [&hellip
The post Bank of America Refinancing Under Making Home Affordable Program 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.