Roger and Amber realized early that they couldn’t afford a mortgage loan at the current interest rate of 7.6%. So, they inquired if their seller’s mortgage was assumable. They found out that it was...
In 2024, the US median home price shot up to $426,900, a 4.1% jump from last year. What’s more, 93% of metro areas witnessed an increase in home prices. The result? Homeowners gain equity and can easily...
Know the reasons for providing an explanation letter for mortgage approval and know how to write one. Use our free...
MBS is a financial tool that allows investors to obtain asset ownership without having to buy or sell mortgages...
A 40-year mortgage is a long-term mortgage that allows borrowers to make payments over a period of 40...
Mortgage Curtailment is the additional payment made against your existing mortgage. Thus, reducing the outstanding mortgage...
FHA loan closing costs are the additional expenses that a borrower has to pay to close a loan and range from 3-6%. Learn more about the...
The homeownership rate in the second quarter of 2023 in the US was around 66%. That’s about 230 million Americans. If you are also looking to buy a house, you must understand which type of...
Discover the flexibility of VA loan credit score and their benefits that are more lenient than conventional...
You need to take care of a lot of things when selling a house in a Down market. Here is a guide to know everything involved in the...
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