If you are a credit-worthy borrower that just doesn’t have a large down payment, you may be a good candidate for the Home Possible program. This Freddie Mac program provides you with conventional financing while only requiring a 3% down payment.Looking for Current Mortgage Interest Rates? Click Read more
How Much Money do You Need to Buy a House?
You have your down payment saved, so you think you are ready to buy a house. Before you start, you should know some things. You need more than just the money for the down payment to buy a house. Many fees go into the purchase, which is important for you to understand so that you can make the most of Read more
Mortgage Rates for Long-Term Loans Hit Record Low in 2017
This week, rates for mortgage loans with a 30-year fixed loan term had dropped to its lowest this year. The progressive decline in rates continued for six consecutive weeks. This is according to the The Washington Post report yesterday, September 7.Average 30-year fixed rates dropped Read more
Here’s Everything You Need To Know About USDA Loans
You’d probably think of farmlands or hilltop houses when you hear or read up about home loans backed up by the United States Department of Agriculture (USDA). That’s pretty much understandable since we can automatically associate the USDA with farms, ranches, or vineyards. But there’s more to USDA Read more
Mortgage Applications Take an Upswing from the Previous Week
The month August showed a good kickstart for this month’s mortgage application activity. In a report released Wednesday, August 9, 2017, weekly mortgage applications gained 3.0 percent from the previous month.The refinancing shares of activity also increased by almost 50 percent. Other Read more
