Although mortgage rates have rebounded some from the lows seen in 2016, they remain very attractive, and many homeowners are refinancing in case rates increase. You can save money by doing a simple refinance in which you swap a lower rate for your existing higher rate. But that’s just one way—and one reason—to refinance. Here, RISMedia offers at least four
Borrowers seeking large home loans are finding an increasing number of lenders today offering jumbo mortgages— loans for more than the conforming limit set by Fannie Mae and Freddie Mac, typically starting at $417,000 for most parts of the country and reaching as high as $625,501 in some higher-priced real estate areas. They’re also finding low rates. On the other
By the time home buyers make it to the closing, it’s smooth sailing, right? Wrong. For home buyers, the adage “loose lips sink ships” is pretty spot-on as a best strategy at settlement. Clearly, there’s a lot at stake. You certainly don’t want to say something at closing that could keep the deal from going through. To to raise the odds that all goes
Want to buy a home but don’t have a ton of cash in the bank? You’re likely not alone. Trulia research shows that saving for a down payment is one of the biggest obstacles to homeownership for first-time buyers, behind poor credit history, qualifying for a mortgage and rising home prices. Here, Trulia offers seven simple steps that can help you save for a house
