There’s no doubt about it: Lenders have tightened the guidelines they use to evaluate loan applications. That means borrowers who want to refinance their mortgage to take advantage of low interest rates may wonder whether they will qualify for a new loan. This summary should help you understand what lenders… read more →
Getting denied a home loan can be caused by a number of factors. Before you apply, check out with these factors may be – and what you can do to avoid rejection. No matter how you look at it, getting rejected for a home loan can hurt. With some new rules… read more →
Getting denied a home loan can be caused by a number of factors. Before you apply, check out with these factors may be – and what you can do to avoid rejection. No matter how you look at it, getting rejected for a home loan can hurt. With some new rules… read more →
Banks are getting very cautious about home mortgage loans these days — right up to the closing date. Even consumers with good credit and plenty of cash may find themselves out on the sidewalk if any of these last-minute loan application issues pop up. To make sure you’re on the right end… read more →
Think you’re a savvy mortgage shopper? You might not be. A study by the Consumer Financial Protection Bureau found that only about half of home buyers shopped around for a mortgage, meaning the other half considered only one lender or broker. That’s great—if you’re a lender. But you’re a borrower, which means… read more →
When you apply for a loan,you need to submit a ton of documentation and answer a bunch of questions from your lender. Turning over all this information about your personal finances and financial history may seem intrusive, but it makes sense: The lender needs to gather all the information they can to decide on the… read more →
In the wake of the housing bubble’s collapse, FHA loans have taken on renewed importance for today’s mortgage borrowers Simply stated, an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the U.S. Department of Housing and Urban Development. Borrowers with FHA loans pay… read more →
Getting denied a home loan can be caused by a number of factors. Before you apply, check out with these factors may be – and what you can do to avoid rejection. No matter how you look at it, getting rejected for a home loan can hurt. With some new rules… read more →
U.S. mortgage rates fell for a fifth week, reducing borrowing costs as home-price gains slow. The average rate for a 30-year fixed mortgage was 4.12 percent this week, down from 4.14 percent and the lowest since October, Freddie Mac said in a statement on Thursday. The average 15-year rate slipped… read more →
Banks are getting very cautious about home mortgage loans these days — right up to the closing date. Even consumers with good credit and plenty of cash may find themselves out on the sidewalk if any of these last-minute loan application issues pop up. To make sure you’re on the right end… read more →