#mortgage

#mortgage

The 10-year CMT saw a decrease that spurred a rise in HECM endorsements, leading to 3,784 applications in April. This increase is linked to past interest rates.

Lenders generally prefer at least two years of steady employment for mortgage applicants, as it indicates reliable income capable of supporting long-term payments.

When you apply for a mortgage, lenders want to know you'll be able to make your monthly payments. One way they assess this is by looking at your employment history.

I bought a house in February 2021 with a 3.2% fixed 30-year mortgage. The price of the house was $835,000. I put $1 down on the mortgage.

loanDepot's Q1 2025 origination volume reached $5.2 billion, up 14% year-on-year, driven by a strong refinance recapture rate of 65%.

AI is enhancing existing tools, making them smarter and more efficient, but it won't fix a lack of effective tool usage. It's an evolution, not a revolution.

Most mortgage lenders would rather people didn't pay off their mortgages early. After all, that's how they make their money. Indeed, overpayment is positively discouraged and sometimes even penalized.

The mortgage and insurance fees that the Attorney General paid may have been less due to the misrepresentation of her Brooklyn property's unit count, claiming it was four instead of five.