Do you want to buy a house but worry that your credit profile will disqualify you for a mortgage? Take another look: A new study suggests that you might find lenders a little friendlier and more flexible than you thought. According to the Urban Institute Housing Finance Policy Center’s latest quarterly credit availability report, mortgage Read more about Lenders opening doors to a wider swath of home buyers[…]
When mortgage rates drop, homeowners typically wonder: Should I refinance my mortgage? Getting approved for a mortgage is simpler and faster than it used to be, so your decision to refinance should be based on finances, not emotions. In general, you should refinance if a refinance will save you money — and if you can Read more about Should I refinance? Reduce your interest rate with 2019‘s low rates[…]
First-time home buyer: employment challenges The first-time home buyer often faces challenges that don’t affect experienced home buyers. They tend to have less money saved for a down payment. First-timers often carry a collection of student loans and other debt, which makes budgeting for a household difficult. These buyers tend to skew younger and also face hurdles with Read more about First-time home buyer guide: buying with a new job[…]
So far this year, the 30-year-fixed has averaged 4.43%, down from 4.54% in 2018!