Are you looking to buy a home but feeling discouraged by the current market? Do you feel like the Federal Reserve has put home ownership further out of reach? We’re going to look at why the Fed’s policies have made it harder for individuals to purchase homes, and what options buyers can explore when it…
Whether you’re buying a home or selling one, it’s always good to have an idea of what title insurance doesn’t cover. After all, how can you be sure that you’re not making any unnecessary mistakes? Abstract Whether you’re a first time homebuyer or a seasoned pro, knowing your home has an unbroken chain of title…
Having title insurance in place will provide protection against third-party claims on a property. It will also give you the right to defend a claim. Lender’s title insurance During a real estate transaction, the title of a property plays an important role. If any defects appear on the title, it can impact the lender’s financial…
Whether you are looking to buy a home or refinance your current home, it’s important to know exactly what a movement mortgage payment is and how much it will cost you. This will help you to get the best loan for your needs. Refinance loans vs home purchase loans Taking out a home equity loan…
Getting your loan from a federal home loan bank (FHLB) is a great way to get your home loan, but there are some drawbacks to the process. These include the fact that most FHLBs are government-sponsored but privately funded liquidity facilities, and that they have been criticised for their role in the financial crisis. Critics…
Having an extra mortgage payment each year can help you pay off your home quicker, save you money, and avoid mortgage interest fees. To calculate how much extra you can afford to make on your mortgage, divide your monthly payment by twelve. This will allow you to shave a few years off of your loan…
Getting a mortgage with Rocket Mortgage can be a great choice. They are based in one of the campus Martius buildings in the financial district of downtown Detroit. They also offer a Verified Approval program. Minimum credit score required Whether you’re planning to buy a new home or refinance your current mortgage, Rocket Mortgage offers…
Getting delayed financing with Fannie Mae can be a great deal, but it can also be a bit of a hassle. Having to wait for months or even years for the process to work isn’t fun, and it can make a home feel like it’s a long way away. That’s why it’s important to understand…
Whether you’re trying to save money on your next home purchase, or you’re looking to improve your current home, an FHA rehab loan is a great way to help you achieve your goal. With a rehab loan, you can cover the cost of qualifying repairs and pay as little as 3.5% of the total cost…
Finance of America is a mortgage lender that offers a variety of loan options for homebuyers. These include fix and flip loans, single-family rental loans, and student loan refinancing. There are pros and cons to each loan type, so it’s important to shop around before selecting one. There are different mortgage companies and requirements, so…
