Refinance or modify while it’s still possible

Interest rates have been very low for several years, and right now they are lower than ever, yet millions of mortgage borrowers who could profit from a refinance haven’t. Similarly, millions of borrowers who are having trouble making their mortgage payments but want to remain in their homes could have their mortgages modified to make …

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Having good rental history can help you get a loan

A good rental history can help borrowers First-time home buyers planning to purchase a house later this year may have a better chance of qualifying for a mortgage if they have had a history of paying their rent on time. Last year, credit-reporting agency Experian added a section to millions of credit reports showing on-time …

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Help With a Down Payment

With most lenders requiring borrowers to put down at least 20 percent as a down payment – unless using an FHA or VA loan, or purchasing mortgage insurance – the best holiday gift some people might receive would be help with a down payment on a house. Making sense of the story According to a …

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The Price/Rate Trade-Off

Currently, most people are concerned about where prices are headed and whether or not prices have bottomed.  However, one thing to consider as you are thinking about your first (or next) home purchase is the mortgage rate as most forecasts call for a 1/2 percentage point increase or more by year’s end. Which is better?  …

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