Refinancing your mortgage does come with an upfront cost. Here’s a look at the fees you can expect to encounter. (iStock) Record low refi rates have mortgage borrowers refinancing in droves. In fact, according to the most recent Mortgage Monitor Report from Black Knight, more than 6.4 million homeowners have […]
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10 questions to ask your mortgage lender before closing
Buying a home is a big investment, so before you close on your new mortgage or mortgage refinance, it’s important to ask your lender these top 10 questions so you can make the best financial decision possible. (iStock) Purchasing a new home is exciting, but it’s easy to lose sight of […]
4 things you need to know about refinancing to a record-low mortgage rate
4 things you need to know about refinancing to a record-low mortgage rate Mortgage rates have fallen to unbelievably low levels in 2020 thanks to the economic chaos unleashsed by the coronavirus. Thirty-year mortgages way below 3% have become the norm as rates have plunged more than a full percentage […]
Major US mortgage lender drops rate below 2% on low-down-payment FHA loans
Major US mortgage lender drops rate below 2% on low-down-payment FHA loans At a time when mortgage rates in general are at breathtakingly low levels, one of America’s largest home lenders has announced a true head-turner of a rate on a type of mortgage popular with first-time homebuyers. United Wholesale […]
Big US mortgage lender drops rate below 2% on low-down-payment FHA loans
Benzinga 6 Reasons Why You Should Not Buy A Home Owning a home might be the epitome of the American dream, but it’s not engraved in stone! So, if you’ve been toying with the idea of giving up homeownership, then, by all means, go for it. However, given that homeownership […]
How to snag the lowest 30-year mortgage rate for your refinance
TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices […]
Want to pay off your mortgage before you retire? Do this now
Protect your retirement finances by paying off your home early. (iStock) The last year will go down in the record books for many reasons. Financially, consumers have seen record low-interest rates following the Federal Reserve’s efforts to boost the economy during the coronavirus pandemic. At publication, the average 30-year fixed-rate […]
Will Biden’s inauguration affect mortgage rates?
Even in light of the 2020 presidential election, mortgage rates hold steady at all-time lows. But could rates be affected by a probable Biden administration? If so, will rates rise or fall, even amid an on-going battle with COVID? (iStock) The coronavirus pandemic affected how we live and work. It […]
How to reel in the lowest 15-year mortgage rate for your refinance
How to reel in the lowest 15-year mortgage rate for your refinance Mortgage rates are lower than ever this year, making refinancing a must for many homeowners. You can trade in your old loan for a new one that might easily chop hundreds of dollars off your monthly mortgage payment. […]
Americans slip further behind on mortgage payments, but help is available
Americans slip further behind on mortgage payments, but help is available With coronavirus cases surging in the U.S. and unemployment still woefully high, millions of Americans are slipping further and further behind on the biggest debt they have. As of September, 3.3% of homeowners with a mortgage were late with […]
4 top tips for landing the best mortgage rates
If you’re caught up in the thrill of buying a home, it’s easy not to think too hard about your mortgage rate. Does a 1% difference even mater? You might be surprised. Let’s say you bought a home for $499,000, put 20% ($99,800) down and snagged a five-year, fixed-rate mortgage […]
4 ways to maximize your mortgage refinance savings
Learn how to make the most of your mortgage refinance savings and build long-term wealth. (iStock) Congratulations! You’ve taken advantage of record-low interest rates and refinanced your mortgage. By now, you’re likely seeing a boost to your personal finances in the form of extra savings each month. But consumers should […]
How To Find The Best FHA Mortgage Lender
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. The U.S housing market is doing […]
Homeowners accept higher mortgage rates to avoid dealing with under-pressure lenders
Homeowners are paying thousands of pounds more than necessary for their mortgage because market conditions make it almost impossible to switch. December is expected to be one of the busiest months of the year for mortgage renewals, with thousands of fixed-rate deals due to expire this month. However, those reaching the […]
How much mortgage can you afford? Here’s how to figure it out
Buying a home is thrilling — the freedom, the space, the white picket fence — but it’s also the biggest financial undertaking of your life. © Serhii Krot / Shutterstock How much mortgage can you afford? Record-low mortgage rates are inspiring buyers to flock to the housing market during the […]
Today’s mortgage rates see minor uptick | December 7, 2020
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own. Check out the mortgage rates for December […]
Here’s how the new mortgage refinance fee affects you
The FHFA’s new adverse market fee is now in effect. Here’s what that means for those who are trying to take advantage of the record low refinance rates. (iStock) Coronavirus had a profound effect on American finances. The Bureau of Labor Statistics estimates that over 11 million people are still […]
Here’s What to Know About Refinancing Your VA Mortgage
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. If you’re a veteran or active […]
Can You Refinance a Mortgage in Forbearance?
If you want to refinance your mortgage but you’re enrolled in a forbearance program, you will need to end the forbearance and meet certain conditions. As the coronavirus pandemic drags on and strains Americans’ finances, 3.4 million homeowners were in forbearance in September, according to the Mortgage Bankers Association. At […]
Today’s mortgage rates see minor upswing | December 3, 2020
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own. Check out the mortgage rates for December […]