If you’re paying for private mortgage insurance (PMI) on your home loan, you may qualify to remove it early. Since mortgage insurance only protects your loan servicer (the company you make your mortgage payments to), not you, the sooner you can get rid of it and stop paying monthly premiums, the better. Here’s an overview ...
There was some great news for homeowners recently. In July, the Federal Housing Finance Administration (FHFA) removed the 0.5% fee that had applied to most mortgage refinances. This means that refinancing a mortgage is now cheaper for most mortgage borrowers.
You’ve just signed a contract to buy your dream home – fantastic! But what’s next? Even after you’ve signed on the dotted line, there are a number of steps to complete before the deal is closed and the home is yours. To be prepared for this important stage, review these final steps in the homebuying ...
It’s been a very interesting past few years for mortgage rates. After reaching nearly 5% in November 2018, the average 30-year fixed-rate mortgage rate dropped almost steadily through January 2021, hitting multiple all-time lows. This has been fantastic news for the many Americans who bought or refinanced homes during that period and claimed great low ...
Upfront costs are one of the biggest barriers to buying a home. Many people believe they need tens of thousands of dollars to make a purchase when much more affordable options may exist. Here’s an idea of just how much money you need to buy a home.
