Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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December mortgage rates remain near 2014 lows
Home loans have gotten cheaper this year, defying expectations that they would become more expensive as the Federal Reserve ended its campaign to drive down long-term interest rates. That's a great trend for anyone buying or refinancing a home.
December 5th 2014
8 questions Good Faith Estimates should answer
Your Good Faith Estimate summarizes the key terms of your home loan, from interest rates to closing costs. Use it to make sure you're getting the mortgage you've been promised and avoid any nasty surprises before you sign on the dotted line.
December 2nd 2014
How much house can you afford?
You don't want to be house poor, saddled with mortgage payments that gobble up too much of your paycheck. Here's how to find the price range that's right for you.
November 28th 2014
New mortgage disclosure forms will aid borrowers in 2015
Simpler and better organized documents will make it easier to compare the deal you were promised when applying for a home loan with the final, actual terms you're being asked to accept at closing.
November 26th 2014
4 smart moves to challenge a home appraisal
A low home appraisal causes a home sale to fall through about 9% of the time. Be smart about challenging an appraisal you think misses the mark.
November 25th 2014
8 smart moves for buying a foreclosure
Foreclosure deals are out there. But they're not as easy to find as they were a few years ago. And you still need to avoid all of the costly pitfalls that can turn any repossessed home into a burden, not a bargain.
November 23rd 2014
What you need to know about private mortgage insurance
Private mortgage insurance, or PMI, is often bad-mouthed as a terrible deal for consumers. But you might not get a loan without it.
November 20th 2014
Buy big with a jumbo ARM that starts at 2.625%
Home Loans Today is offering one of November's best deals on jumbo 5-year adjustable-rate mortgages. It charges no points or lender fees and is available to buy or refinance a home in 43 states.
Interest.com Study: Big-city housing often unaffordable
Middle-income families are unable to afford the median-priced home in just over half of the country's 25 largest cities, and in the least affordable metropolitan areas, they aren't even in the game.
Buy or refi with a 5-year ARM for just 2.75%
BankFinancial is offering borrowers one of autumn's best deals on a 5-year adjustable-rate mortgage. Although these loans are only available in the Chicago area, check out the very good terms. This is exactly the kind of home loan you should be looking for whereever you might live.