Thereâs a popular new loan in town that a lot of credit unions seem to be offering known as the â5/5 ARM,â which essentially replaces the more aggressive 5/1 ARM that continues to be the mainstay at larger banks and lenders. The San Francisco Federal Credit Union offers it via their POPPYLOAN, Caliber Home Loans [&hellip
The post The 5/5 ARM Is an Adjustable-Rate Mortgage for the Faint of Heart first appeared on The Truth About Mortgage.
More good newsâ¦for loan originators.Â 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.
Everyone knows mortgage rates have plummeted in recent weeks, but what does that actually mean for those looking to refinance? With tough guidelines in place and flagging property values, it could equate to a lot of spinning wheels and paperwork. And one mortgage banker is arguing that erroneous medical collections showing up on potential borrowersâ [&hellip
The post Medical Collections Killing Refinance Frenzy? first appeared on The Truth About Mortgage.
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.
Well, itâs 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 âGR Flex Powerâ 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.
Paying down debt, creating an emergency fund and investing are all smart ways to use your extra cash.
The post 5 Smart Ways to Use Your Extra Cash appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
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.
If you run a business, regardless of how big or small, you should have a business bank account. Learn how to open an account for your business in this guide.If you run a business, regardless of how big or small, you should have a business bank account. Learn how to open an account for your business in this guide.
The post How To Open A Business Bank Account appeared first on Money Under 30.