It’s official. Americans are taking advantage of historically low mortgage rates and paying down the debt on their homes (or maintaining it at the same level) at a rate we haven’t seen for the past 26 years, according to Yahoo Finance.
CNN Money reports that several lenders have decided to stop foreclosures during the holidays. Even though evictions will stop during this time, the legal and administrative process will still continue.
I recently refinanced my mortgage to a 15-year VA loan at 3.25%. You read that correctly. A 15-year fixed VA loan at 3.25%. But that’s not what I want to talk about today. I want to share three things I learned that can help other veterans qualify for a VA loan.
The Fed announced the details of its newly updated changes to the Home Affordable Refinance Program which we mortgage folk have dubbed HARP 2.0. The kicker is who will qualify for modifications and who will not qualify?
President Barack Obama is scheduled to announce new refinancing regulations to help those whose homes are valued less than their mortgage.
Saving enough money for a down payment may be one of the little hurdles along the way to homeowner happiness. While changes in down payment standards may be looming, find out why paying more up front may be beneficial.
Transferring your mortgage to another lender is common within the industry. At Quicken Loans, we’ll inform you who your new servicer is, where it’s located, and where your payments should be made.
The conforming loan limit is set to change. What does this mean for you?
A new initiative allows eligible jobless homeowners to defer mortgage payments while they seek employment.
The Federal Housing Administration (FHA) could possibly shut down. If this occurs, a valuable source of mortgage credit for homebuyers will no longer be available.