Mortgage and Real Estate Articles from Mortgage Research Center
Oct 30, 2024 · On Halloween 1981, mortgage rates hit 18% and the typical house payment ate up 73% of a family's paycheck. by Tim Lucas in Real Estate. October 23, 2024 14 MIN.
2025 Mortgage Rate Forecast: Experts Weigh In
17 hours ago · 2025 Rate Predictions: Coasting to About 6%. Most major forecasts put the final rate in the 6% ballpark, with slight variations. Keep in mind, though, that major agencies often update their forecasts based on new information. Don’t be surprised if these agencies change their tune after recent rate increases. Housing Authority.
What Is an Interest-Only Mortgage, and Is It a Good Idea?
9 hours ago · Interest-only mortgages generate interest-only payments for a specified period, helping lower monthly payments. Interest-only mortgage qualification criteria include a minimum credit score, a debt-to-income ratio below 43%, funds for a down payment, steady income streams, and other assets. The risk of payment default due to higher interest ...
Articles by Mary Beth Eastman - Page 1 | Mortgage Research Center
17 hours ago · Contributor. Mary Beth Eastman has more than six years of experience writing and editing articles on personal finance. Her work has been published by major national brands, including Newsweek, Investopedia, U.S. News, Money Under 30, and others. She covers mortgages, refinancing, homebuying, and other personal finance topics.
Articles by Sean Bryant - Page 1 | Mortgage Research Center
Oct 29, 2024 · Contributor. Sean Bryant is a Denver-based freelance writer specializing in personal finance, credit cards, and real estate. With more than 15 years of writing experience, his work has appeared in many of the industry’s top publications including Time and Investopedia . He holds a Bachelor of Arts degree in economics.
Rates Articles - Mortgage Research Center
6 days ago · Buying a $350k Home Just Got $300 Per Month Cheaper. Falling mortgage rates have equated to an estimated $300-per-month drop in the mortgage payment on a $350,000 home. by Tim Lucas. August 31, 2024 1 MIN.
A Complete Guide to FHA Refinances: Eligibility, Requirements, …
Aug 23, 2024 · Conventional Refinances. Conventional loans are not insured by a government agency and, as such, have slightly higher requirements than FHA refis. You can expect to need a minimum credit score of 620 and a maximum debt-to-income ratio of 45%. You'll also need at least 5% equity in most cases.
What Is a Mortgage and What Can It Do for You? - Mortgage …
Jun 17, 2024 · Mortgages are secured by the underlying piece of real estate. If a borrower fails to make their payments, the lender can take legal action to gain ownership of the property. They can then sell it to recoup their losses. Without a mortgage, buying a home would require you to save up the entire purchase price.
How to Refinance Your Home - Mortgage Research Center
If you're providing a down payment or any other closing costs, bring that with you. You'll also need a few forms of identification. You'll sign the refinance paperwork in front of the notary, who will stamp it and provide you with a copy of the paperwork. Make sure you keep your paperwork somewhere safe at home.
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