New Survey Revealing the Level of Consumer Knowledge on Mortgage Loans

A whopping 74% of the participants in the “Home America Views Homeownership” survey of Wells and Fargo said that they had knowledge and understanding of the financial process which home buyers go through. More »

Are Student Loans Debt Hurting The Mortgage Market?

Many students graduating from college are strapped with large student loans. Buying a home and setting up a mortgage is one of the most expensive purchases we will make in our life. The amount of student loan debt can affect that drastically. More »

Mortgage Rates Move Up Slightly

The average interest rate on a 30-year fixed-rate mortgage loan was 4.12% during the week ended September 11th 2014, according to the Primary Mortgage Market Survey conducted by Freddie Mac. More »

Americans Keeping More Money in Their Checking Accounts

The results from a research undertaken by Moebs Services, a bank consulting company, revealed that at the end of 2013, the average balance on a checking account in the United States was $4,436. More »

Minor Change in Mortgage Rates

The average interest rate on a 30-year fixed mortgage was 4.10% in the week ended September 4th 2014. It retained its level from the previous week. More »

 

Low Credit Score vs. Mortgage Approval

Many people who have a low credit score are often times afraid to go get approval for a mortgage loan because they feel they will get denied. While your credit score is an important part of the approval for lenders,

Mortgage Interest Rates For Citi, Suntrust, Bank Of America and Wells Fargo

Monday’s Rates For Mortgages September 22nd 2014 : Suntrust Bank Suntrust offers home mortgages. Their rates as of Monday September 22nd, 2014 are the following for each specified loan. For a 30 year fixed conventional loan the rate is 4.2%.

How To Remove PMI From Your Mortgage

Are you curious how to remove pmi from your mortgage? PMI or Private Mortgage Insurance is simply a insurance policy that a borrower is required to pay in premiums that protect the lender in case of default. If you are

Higher Mortgage Down Payment Required in the Second Quarter of 2014

The average down payment required for obtaining a 30-year fixed-rate mortgage loan was 17.28% in the second quarter of 2014. It rose from its level of 15.78% in the first quarter of the year. The statistical data was presented in

New Type of Mortgage Loan for Low-Income Home Buyers

The Wealth Building Home Loan is a new type of mortgage developed especially for U.S. households with low income looking to buy a home. The people who developed the loan are Bruce Marks, the founder of the Neighborhood Assistance Corporation

New Survey Revealing the Level of Consumer Knowledge on Mortgage Loans

A whopping 74% of the participants in the “Home America Views Homeownership” survey of Wells and Fargo said that they had knowledge and understanding of the financial process which home buyers go through. 2,017 randomly selected adult Americans took part

Mortgage Rates Move Up Slightly

The average interest rate on a 30-year fixed-rate mortgage loan was 4.12% during the week ended September 11th 2014, according to the Primary Mortgage Market Survey conducted by Freddie Mac. The average rates on all types of mortgages covered by

Falling Demand for New Home Purchase Loans

The mortgage applications for the purchase of a new home fell by 9% in August 2014 from the level which they held in July 2014. This was revealed in the latest Builder Application Survey which is compiled by the Mortgage

Saturday’s Rates For Mortgages September 13th : Suntrust Bank

Suntrust offers home mortgages. Their rates as of Saturday September 13th, 2014 are the following for each specified loan. For a 30 year fixed conventional loan the rate is 4.2%. The points are 0.174 and it carries a 4.3199% APR.

Saturday’s Rates For Mortgages September 13th 2014: Quicken Loans

Quicken Loans offers home mortgages. Their rates have stayed close to the same for the past few days. Their rates as of Saturday September 13th, 2014 are the following for each specified loan. For a 30 year fixed conventional loan

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