FHA Making Cuts – Buyers

The FHA wants to save you money, and the President is on board. “‘Existing homeowners who refinance into an FHA mortgage will see similar reductions to their mortgage payments as well,’ said a statement from the White House at the time of the announcement. ‘In total, this action will help millions of families save billions…

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What to Tell Your Lender – Mortgages

There’s a lot to look for, before you finally confirm your processes, and finding a good lender is one of them. “Most lenders won’t choose to share their list of fees until you apply for a loan. That means sharing your personal information. The lender needs your personal information to decide whether to give you…

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Mortgage Is Getting Easier – Mortgages

Everything you ever thought about the concept of mortgages is about to be flipped and twisted. “For years now, if you didn’t have near perfect credit and a hefty 20% down payment, chances were slim that lenders would give you a mortgage. But that’s all about to change. That’s because Fannie Mae and Freddie Mac,…

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Low Mortgage Rates! – Mortgage

It’s been verified, folks. For the eighth straight week, fixed mortgage rates have slid under 4%. This is wonderful news. “Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, down from 3.82 percent at this same time last week. The 30-year fixed [rate] fell…

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You MUST Refinance – Mortgages

Close to eight million home-owners have already hit rock bottom, due to a lack of refinancing. Don’t join the club. “Recent reductions in the 30-year fixed-rate mortgage could net the population of borrowers big savings if they would refinance, according to Black Knight Financial Services’ latest Mortgage Monitor Report. “Before the most recent reductions in…

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Tacfi: Your New Favorite Website – Mortgages

A website where you can input your financial status, and receive predictions on equity, costs, and acquired interest? Sign me up! “The mortgage industry has a history of screwing things up. Maybe the intentions are good but the process couldn’t be more confusing. Throw in all the confusing lender jargon like amortization or APR and…

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Why Ben Bernanke Can’t Get a Mortgage

We have all heard about how difficult it can be lately to get a new mortgage or refinance your home.  But to learn that Ben Bernanke, former Chairman of the Federal Reserve, cannot refinance either, is daunting at best.  It all boils down to job change.  Read more in the article below from Neil Irwin…

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Neighbors: They Can Help! – Mortgages

When buying a home, most buyers only think about themselves, and how they can improve the quality of their home and living. However, many don’t appreciate how much neighbors can assist in the process. “When preparing to sell your home, you probably spend a lot of time and energy getting it in its best showing…

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Saving Money For Buying a Home – Mortgages

As summer comes to a close, we welcome in a big season for big moves. Whether you’re renting, buying, or even just investing, you really need to plan out your expenses, and put aside a generous sum for the deposits. To do this, you’re in need of some new saving techniques. “Interest rates remain historically low…

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