Blog – Page 364 of 631

21 Apr 2021

VA vs FHA vs USDA What’s the Difference?

Real EstateLoan Options, Real Estate Tips, VA Loans

You may have more options than you think when it comes to securing a mortgage for your new home. While many buyers opt for conventional financing, another option or program might be a better choice for you, depending on your personal and financial situation. Learning more about FHA, USDA, and VA loans ensures you get the best possible deal for your mortgage and that you secure the loan that you need for your new home. Here’s what you need to know about these useful mortgage options. FHA Loans These are traditional mortgages that are backed by the FHA: when you…

Looking at Home Mortgage Refinancing in 2021

Real EstateLow Interest Rates, Real Estate, Refinance

In 2019 many people expected that the home lending market was going to eventually grow more expensive. Instead, 2020 spent its entire 12 months becoming more affordable when it came to financing a personal home, moving in the opposite direction of what was expected. Not only did the loan cost drop break previous records, but it also presented an additional opportunity for homeowners to reposition and take advantage of lower borrowing costs again. The General Advantages of a Home Loan Refinance The refinancing of a mortgage has traditionally been three-fold. First, it is a chance to renegotiate the loan on…

What’s Ahead For Mortgage Rates This Week – April 19, 2021

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Last week’s economic news included readings from the National Association of Home Builders on housing markets along with Commerce Department readings on housing starts and building permits issued. Fed Chair Jerome Powell appeared on 60 Minutes. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Homebuilder Confidence Ticks Up The National Association of Home Builders reported that home builders’ confidence in housing market conditions rose one point to an index reading of 83. Builder confidence readings over 50 indicate that most builders consider housing market conditions as positive. Component readings used for the NAHB Housing Market Index…