Cash buyers are losing their grip on New York City real estate as mortgage rates drop. Sales volume is picking up, and mortgage buyers are on the rise.
The recording tax rate in New York City is broken down into the state and local portions. Taxes, generally paid by the buyer or borrower, are due when the mortgage is recorded. Mortgage Recording Tax Rates Below are the taxes based on various factors, including the amount ofthe property: O...
A quick refresher: Your credit score is usually a three-digit number that rates your credit behavior. Lenders use it as a summary of your credit usage and history, and it helps them determine the amount they can justify lending you and at what interest rate. This is otherwise known as you...
This will have limited to no effect on borrower rates. Leads one to ask, why are they doing it if you can’t make change to impact borrower rates?” ALSO FOR YOUR RADAR - RICK PERRY OFFERS FLAT TAX - From W...
Still, you might not be able to easily determine which lenders will offer you the best interest rates based on your credit history. Even if you can do this research, it may come with a downside, since making multiple hard credit inquiries can negatively impact your credit ...
Take advantage of low interest rates while they last and pay down your debt. While you may be able to achieve a higher rate of return through investing, there’s no guarantee. Nothing beats the guaranteed rate of return of debt repayment. To give up e...
0.05% higher than last month 0.48% higher than last year rates vary from lender to lender. check your rates at our top-rated lenders below. how to get the best 30-year mortgage rate getting the best 30-year mortgage rate comes down ...
While a rate lock can be great protection from rising interest rates, it can also be a negative if rates fall before you're set to close. Unless your rate lock has a provision called a "float-down option," you can't change your rate to...
15-year mortgage rates are often slightly lower than those of other types of mortgages due to their lower risk of default. Find today's rates inside.
Don't tap into your equity:Lenders typically have higher interest rates on cash-out refinancing loans than on simple rate-and-term refinancing loans. So, if you can avoid cashing out some of your equity, you'll probably get a better i...