How to take over a mortgage when a loved one has passed awayInheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.
Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more rightFocus on mortgage affordability to ensure financial stability and enjoyment in life.
My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.Paying off a mortgage early may not provide the expected financial freedom.
Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topicPaying off mortgage early can serve as a form of forced savings, discouraging unnecessary spending from excess cash.
How much should a house down payment be?Mortgage down payment requirements vary; 20% is common but not mandatory.First-time homebuyers can access loans with lower down payment options.Understanding the impact of down payment on monthly costs is crucial.
How to take over a mortgage when a loved one has passed awayInheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.
Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more rightFocus on mortgage affordability to ensure financial stability and enjoyment in life.
My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.Paying off a mortgage early may not provide the expected financial freedom.
Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topicPaying off mortgage early can serve as a form of forced savings, discouraging unnecessary spending from excess cash.
How much should a house down payment be?Mortgage down payment requirements vary; 20% is common but not mandatory.First-time homebuyers can access loans with lower down payment options.Understanding the impact of down payment on monthly costs is crucial.
Tax Benefits of Owning a Home: Tax Breaks, Incentives, and MoreHomeownership offers significant tax benefits that can save homeowners thousands of dollars each year.
The hidden middlemen who cost homebuyers $12 billion and countingAppraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and ConsPaying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
Rocket plays the long game with its renter rewards programRocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.
'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'Restructuring mortgage repayments can significantly shorten loan duration.Solar panels can aid in reducing monthly electricity expenses.
How One Mortgage Lender Puts Underserved Homebuyers First To 'Grow for Good'With support from Rate.com, Tameka Howell overcame her doubts and purchased her dream home in 21 days after 18 months of frustration.
Tax Benefits of Owning a Home: Tax Breaks, Incentives, and MoreHomeownership offers significant tax benefits that can save homeowners thousands of dollars each year.
The hidden middlemen who cost homebuyers $12 billion and countingAppraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and ConsPaying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
Rocket plays the long game with its renter rewards programRocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.
'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'Restructuring mortgage repayments can significantly shorten loan duration.Solar panels can aid in reducing monthly electricity expenses.
How One Mortgage Lender Puts Underserved Homebuyers First To 'Grow for Good'With support from Rate.com, Tameka Howell overcame her doubts and purchased her dream home in 21 days after 18 months of frustration.
MBA lowers 2025 mortgage forecast for refinancesThe MBA's revised mortgage forecast highlights an increase in purchase originations paired with a decrease in refinancing projections, indicating changing market conditions.
Mortgage refinance demand is 94% higher than a year ago, as interest rates fall againMortgage demand has shifted towards refinancing due to declining interest rates, though purchases remain weak compared to last year.
If These 5 Things Are True, It's Time to Refinance Your HouseRefinancing can provide extra funds, but careful consideration of costs and goals is crucial.
Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right nowHigh interest rates post-COVID create challenges for ARM homeowners. Understand terms, consider refinancing, and explore loan modifications to manage rate adjustments.
Better introduces VA refi loan with no appraisal or closing costsBetter.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.
MBA lowers 2025 mortgage forecast for refinancesThe MBA's revised mortgage forecast highlights an increase in purchase originations paired with a decrease in refinancing projections, indicating changing market conditions.
Mortgage refinance demand is 94% higher than a year ago, as interest rates fall againMortgage demand has shifted towards refinancing due to declining interest rates, though purchases remain weak compared to last year.
If These 5 Things Are True, It's Time to Refinance Your HouseRefinancing can provide extra funds, but careful consideration of costs and goals is crucial.
Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right nowHigh interest rates post-COVID create challenges for ARM homeowners. Understand terms, consider refinancing, and explore loan modifications to manage rate adjustments.
Better introduces VA refi loan with no appraisal or closing costsBetter.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.
What is PMI and Do You Need to Pay it?Private mortgage insurance (PMI) is essential for first-time homebuyers to understand and budget for, particularly when making smaller down payments.
AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWireArtificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.
Brooklyn jury convicts real estate mogul in $2.4M mortgage fraud * Brooklyn PaperLocal business owner Avraham Tarshish was convicted of a multimillion-dollar fraud scheme involving fake short sales of distressed properties.
CFPB sues Rocket,The Jason Mitchell Group overRESPA violationsRocket Homes is accused of a kickback scheme violating RESPA by directing clients to its affiliated companies.The lawsuit also implicates The Jason Mitchell Group for participating in the alleged unethical practices.
Mortgage originations rebounded by 23% in Q2Mortgage originations rose significantly in Q2 2024, driven by spring demand and lower interest rates, totaling 1.62 million loans.
Interest rate cut may not be total 'game-changer' but has some Toronto-area homebuyers optimistic | CBC NewsDeclining interest rates are boosting confidence among homebuyers, making larger homes more financially feasible.
What is PMI and Do You Need to Pay it?Private mortgage insurance (PMI) is essential for first-time homebuyers to understand and budget for, particularly when making smaller down payments.
AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWireArtificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.
Brooklyn jury convicts real estate mogul in $2.4M mortgage fraud * Brooklyn PaperLocal business owner Avraham Tarshish was convicted of a multimillion-dollar fraud scheme involving fake short sales of distressed properties.
CFPB sues Rocket,The Jason Mitchell Group overRESPA violationsRocket Homes is accused of a kickback scheme violating RESPA by directing clients to its affiliated companies.The lawsuit also implicates The Jason Mitchell Group for participating in the alleged unethical practices.
Mortgage originations rebounded by 23% in Q2Mortgage originations rose significantly in Q2 2024, driven by spring demand and lower interest rates, totaling 1.62 million loans.
Interest rate cut may not be total 'game-changer' but has some Toronto-area homebuyers optimistic | CBC NewsDeclining interest rates are boosting confidence among homebuyers, making larger homes more financially feasible.
Better.com reports 400% growth for HELOC businessBetter's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.
Better.com continues to invest in AI even as its earnings sufferBetter Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.
Better.com reports 400% growth for HELOC businessBetter's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.
Better.com continues to invest in AI even as its earnings sufferBetter Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.
This factor can get your mortgage application denied even if you're a high earnerUnderstanding your debt-to-income ratio is essential for securing a mortgage, as it is the primary measure of your repayment capability.
I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.
I already have $5 million saved for retirement - should I pay off my 5.87% mortgage with the big chunk of cash I have?Paying off mortgage debt can be wise, but could result in regret if stocks outperform.
Save for Retirement vs Pay Down a Mortgage: Here's What You Should Do FirstPrioritize retirement savings over early mortgage repayment for greater financial security.
The Average American Refinances Their Home Every 6 Years - Here's How to Know If You ShouldRefinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.
Yes, you can get a mortgage if you're self-employed - but get ready to fill out a few extra formsSelf-employment increases mortgage challenges due to income variability and stricter lender criteria.
This factor can get your mortgage application denied even if you're a high earnerUnderstanding your debt-to-income ratio is essential for securing a mortgage, as it is the primary measure of your repayment capability.
I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.
I already have $5 million saved for retirement - should I pay off my 5.87% mortgage with the big chunk of cash I have?Paying off mortgage debt can be wise, but could result in regret if stocks outperform.
Save for Retirement vs Pay Down a Mortgage: Here's What You Should Do FirstPrioritize retirement savings over early mortgage repayment for greater financial security.
The Average American Refinances Their Home Every 6 Years - Here's How to Know If You ShouldRefinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.
Yes, you can get a mortgage if you're self-employed - but get ready to fill out a few extra formsSelf-employment increases mortgage challenges due to income variability and stricter lender criteria.
This is the minimum amount of money you need to buy a houseUnderstanding the costs involved in buying a house is crucial to prevent time wasted on unsuitable properties.
What credit score is needed to buy a house?A credit score is essential for getting a mortgage loan, impacting interest rates and terms.The minimum credit score to qualify for a mortgage varies by loan type.
This is the minimum amount of money you need to buy a houseUnderstanding the costs involved in buying a house is crucial to prevent time wasted on unsuitable properties.
What credit score is needed to buy a house?A credit score is essential for getting a mortgage loan, impacting interest rates and terms.The minimum credit score to qualify for a mortgage varies by loan type.
Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This YearHomeowners can reduce their taxable income by using Form 1098 for mortgage interest deductions.
Mortgage groups push FHA for loss mitigation extensionThe coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
FHA updates loss-mitigation waterfall in new servicing guidanceFHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
FHA proposes updates to partial claim payoff statementsFHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
Mortgage groups push FHA for loss mitigation extensionThe coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.
FHA updates loss-mitigation waterfall in new servicing guidanceFHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.
FHA proposes updates to partial claim payoff statementsFHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.
Lower's Dan Snyder on building a successful mortgage companyDan Snyder emphasizes the importance of a balanced partnership in building successful companies in the mortgage industry.
loanDepot promotes former MLB star to regional vice presidentBart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.
Lower's Dan Snyder on building a successful mortgage companyDan Snyder emphasizes the importance of a balanced partnership in building successful companies in the mortgage industry.
loanDepot promotes former MLB star to regional vice presidentBart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.
A mortgage firm denies Miami metro area racist redlining - but will pay $1.75 millionThe Mortgage Firm settled with the DOJ over redlining accusations but insists it did not violate any laws.
See the moment mom learns her son paid off her mortgage for ChristmasLevi Ohanenye surprised his mother by paying off her mortgage, celebrating her sacrifices and hard work over the years.
Explainer: What happens to your mortgage after a disaster?Homeowners should not make mortgage payments if their home is significantly damaged, relying primarily on insurance for relief.
CHLA urges CFPB action on trigger leads after legislative effort failsCHLA calls for urgent CFPB action against abusive mortgage trigger leads after legislative measures have been removed from the NDAA.
Daniel McCoy joins Highland Residential MortgageDaniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.
Buying a house: The process explained step-by-stepUnderstanding the homebuying process and planning ahead can simplify the journey from first viewing to ownership.
Prices for FICO scores are predicted to rise again in 2025Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).
It's official! FICO raises score price to $4.95 for mortgage lendersFICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.
Prices for FICO scores are predicted to rise again in 2025Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).
It's official! FICO raises score price to $4.95 for mortgage lendersFICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.
Property data collection-based appraisal waivers, UPD and the future of appraisalsAppraisal waivers are essential for lenders to reduce collateral risk and accelerate loan processes in the current mortgage landscape.
Widow will be 91 when mortgage term ends as loan service firm told to give her new interest rate of just 0.5pcA 36-year mortgage at 0.5% interest offers new hope for homeowners in financial distress.
ECB cuts key interest rates by 0.25 percentage pointsECB's rate cut to 3.4% aims to stimulate the economy as inflation slows.Tracker mortgage holders benefit while savers face reduced interest rates.
Exclusive: AI mortgage startup LoanSnap loses license to operate in ConnecticutLoanSnap's license was revoked in Connecticut for violating state law and a prior consent order.
Ulster Bank wins tracker mortgage appeal in case that has implications for thousands of borrowersBorrowers lost their right to a tracker mortgage after switching to a fixed rate, according to a recent Court of Appeal ruling.
UWM debuts new 75-bps incentive on refisUWM launches a new 75 basis-point incentive program for refinances to enhance competitive edge in the market.
Five stupid money mistakes that can get your mortgage deniedIt's crucial to avoid financial mistakes between offer acceptance and closing to prevent changes in mortgage terms or denials.
Here's where your credit score should be to buy a houseHaving a high credit score aids in qualifying for large loans like mortgages. Minimum credit score requirements vary but knowing them can benefit prospective homebuyers.
APR vs. Interest Rate: What's the Difference Between These 2 Mortgage Terms?APR is the total loan interest paid annually, while the interest rate is daily cost based on the mortgage balance.Understanding these terms is crucial for mortgage applicants to make informed decisions.
Here's where your credit score should be to buy a houseHaving a high credit score aids in qualifying for large loans like mortgages. Minimum credit score requirements vary but knowing them can benefit prospective homebuyers.
APR vs. Interest Rate: What's the Difference Between These 2 Mortgage Terms?APR is the total loan interest paid annually, while the interest rate is daily cost based on the mortgage balance.Understanding these terms is crucial for mortgage applicants to make informed decisions.
Foreclosures expected to grow slowly the rest of 2024: Auction.comForeclosures expected to rise slightly in the second half of 2024, but home equity likely to prevent many properties from moving into foreclosure status.