How much does it cost to refinance?

It typically costs between 2-5% of the amount you’re borrowing to cover the closing costs of your refinance. It’s usually on the lower end of that percentage range for bigger loans and higher for small loans. For instance, a $300,000 refinance might come with $6,000 in closing costs, just 2%. …

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How to find an FHA-approved condo | 2022

If you’re using an FHA loan to buy a condo, you might be surprised to find out that not all condo projects are approved for FHA financing. But that doesn’t mean you can’t find a great condo to purchase with an FHA loan. You just have to know how to …

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How much should you put down on a house?

How much money should you put down on a house? There’s no one-size-fits-all answer to this one and it’s going to depend on a number of factors, including the type of mortgage you want and your personal financial circumstances. Below, we’ll explain how to assess your situation. And you’ll be …

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VA Entitlement Codes & Eligibility for 2022

Commonly known as VA home loans, mortgage loans backed by the Veterans Administration offer Veterans and active-duty servicemembers a way to buy a home with zero down payment and lenient credit and income requirements. In order for a Veteran or active-duty servicemembers to establish eligibility, a Certificate of Eligibility (COE) …

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Buy and Repair a Home with Fannie Mae’s HomePath Renovation Mortgage

Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to use the HomePath Renovation program. The reason? Fannie Mae has decided that its portfolio of foreclosed homes (aka REO properties) is shrinking and special …

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Best First-time Home Buyer Loan Options 2022

Getting a mortgage can be daunting — especially for first-time home buyers. There are so many mortgage lenders, and the differences between lenders and loan programs aren’t always clear. The right home loan for you will depend on your personal finances and your plans for the home. Other factors, like …

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Mortgage Relief | Mortgage Stimulus Program 2022

Homeowners who have waited patiently to see if rates will go lower finally have their chance. Check your refinance eligibility. Start here (Nov 29th, 2022) According to Freddie Mac, the 30-year fixed-rate mortgage fell to the lowest rate ever recorded during the week of January 6, 2021, to 2.65%. Rates …

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Current Mortgage Interest Rates | November 2022

The average mortgage interest rates decreased week over week — 30-year fixed rates went down (6.61% to 6.58%) as did 15-year fixed rates (5.98% to 5.90%). Weekly Rate Recap Mortgage Rates Today The number of mortgage applications increased 2.2% as reported by Mortgage Bankers Association. “The 30-year fixed-rate mortgage fell …

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