Mortgage and Real Estate Articles from Mortgage …
WEBSep 28, 2024 · Many first-time buyers hesitate to get pre-approved because it could hurt their credit. But now it's possible to get pre-approved without a hard credit inquiry. by Tim Lucas in Credit. April 4, 2024 4 MIN. …
A Complete Guide to FHA Refinances: Eligibility, Requirements, …
WEBAug 23, 2024 · Conventional Refinances. Conventional loans are not insured by a government agency and, as such, have slightly higher requirements than FHA refis. You …
About - Mortgage Research Center
WEBMortgage Research Center powers mortgage experiences for a variety of major real estate sites, financial hubs and industry publications. Our team is passionate about making the …
How to Refinance Your Home - Mortgage Research Center
- Some lenders offer refinance options without closing costs. They don't actually mean there are no closing costs - the costs are just wrapped into the loan, meaning you'll pay them off over time, with interest. If you're planning to sell your home soon, this could be a good option. It could also benefit you if you're refinancing with an interest rat...
Guides - Mortgage Research Center
WEBHere's what you need to know when it's time to move on to a new home. Read Guide Now ». Mortgage Research Center, LLC. NMLS #1907. (www.nmlsconsumeraccess.org) …
Does a Mortgage Recast Save You Money? Yes and No
WEBMar 5, 2024 · 360 Months. Total Interest Paid. $279,438. By recasting, you could reduce your monthly payments by nearly $900 and total interest cost by more than $138,000. …
Fannie Mae Rolls Out 5% Down Multifamily Home Loans
WEBJuly 1, 2024, 3:15 PM UTC 5 MIN. It's official: Fannie Mae now allows 5% down payments for owner-occupied 2-, 3-, and 4-unit (multifamily) homes. This is a surprising reversal of the years-long policy of requiring 15-25% …
Home Loans Articles | Mortgage Research Center
WEBSep 26, 2024 · FHA is already a lenient program, requiring just 3.5% down. But FHA also allows buyers to use a wide variety of down payment assistance programs to make it even more feasible to buy a home. by …
Rates Articles - Mortgage Research Center
WEBSep 26, 2024 · 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 …
FHA Mortgage Calculator
WEBEstimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is …