Homeowners insurance is required by lenders. Lenders require this because the home serves as collateral for the loan. The cost to insure a property is based on many factors, including its value, the type of insurance, and the level of...
Back-end ratio, which compares mortgage payments and other debts to your income. If either ratio is too high, a lender won't approve your loan. For more information about lender requirements, read up ondebt-to-income ratio and...
Your housing payment includes the principal and interest, your homeowners insurance, property taxes, and your homeowners association fees, if any. If the dollar amount seems too high for your budget, you can aim for a smaller loan and smaller pa...
Your housing payment includes the principal and interest, your homeowners insurance, property taxes, and your homeowners association fees, if any. If the dollar amount seems too high for your budget, you can aim for a smal...
Lecturer at California State University Dominguez Hills, Author and Consultant How can home buyers feel more confident when choosing a mortgage lender? The first thing to understand about home lenders is that many of the companies that advertise m...
Mortgage interest rates have become significantly higher than they were a few years ago, so many homeowners won't be able to lower their interest rate by refinancing. But if you can get a new mortgage with a significantly lower interest rate (usually a half percentage point or more), ...
Mortgage interest rates have become significantly higher than they were a few years ago, so many homeowners won't be able to lower their interest rate by refinancing. But if you can get a new mortgage with a significantly lower interest rate (usually a half percentage point or more), i...
Mortgage interest rates have become significantly higher than they were a few years ago, so many homeowners won't be able to lower their interest rate by refinancing. But if you can get a new mortgage with a significantly lower interest rate (usually a half percentage point or more), ...
Usually kitchen and bathroom remodels will add value to the home for the current homeowners when they sell. How often should someone refinance their mortgage? How often someone should refinance is up to them. If rates continue to decline and/or the homeowner can use the equity i...
Mortgage interest rates have become significantly higher than they were a few years ago, so many homeowners won't be able to lower their interest rate by refinancing. But if you can get a new mortgage with a significantly lower interest rate (usually a half percentage point or mo...