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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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What to Know About FHA Loans

Realty Biz

If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% But there are also downsides to FHA-insured loans. So is this type of loan right for you? What are FHA Loans?

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Should You Get an FHA Loan?

Realty Biz

From finding the right agent to work with , to sorting through listings until you find your dream home, to figuring out innovative ways to keep your costs down , to outbidding all the other buyers in 2021’s red hot market, it’s easy to overlook one of the most important (and most nerve-wracking) aspects of buying a home — the financing.

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Buying a House While in Chapter 13 Bankruptcy

Realty Biz

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. These loans are backed by the Federal Housing Administration and only require a minimum credit score of 500.

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How Does an FHA Mortgage Work and What Are Its Pros and Cons?

Point2Homes

How Does an FHA Mortgage Work? An FHA mortgage is a loan backed by the Federal Housing Administration, provided through an FHA-approved lender. This type of loan aims to make buying a home easier for families with low or medium incomes, as well as lower credit scores compared to those required by conventional lenders.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

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