Housing Wire

OCTOBER 31, 2024

Though mortgage lenders don’t want to charge borrowers upfront, many have had to because the pull-through rate on loans makes it economically infeasible otherwise, especially for refis. Indeed, FICO argued in March that its royalties constitute just 15% of a tri-merge credit report and 2/10ths of 1% of mortgage closing costs.

Industrial

Housing Wire

JULY 11, 2025

All of these professions come into contact with individuals who are buying homes and could need a loan. Loan officer profile visible to leads (Source: LendingTree ) Want leads fast? From there, they complete qualification forms and are given loan options and lenders, like you, who can help them. Check out LendingTree.

Mortgages

Housing Wire

NOVEMBER 6, 2024

Wehmann added that, after the change, “FICO’s share will remain only approximately two-tenths of one percent” of the total average closing costs of $6,000. Lenders are required to obtain FICO scores and three credit reports to make most loans to prospective homebuyers and homeowners looking to refinance.

Closing costs

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. What are closing costs?

Closing costs

HomeLight

APRIL 10, 2025

A bridge loan could be the solution youre looking for. This short-term financing option can help you buy your new home first and then sell your old one on your schedule. Buy Before You Sell What is a bridge loan, in simple words? But for many buyers, the higher cost is worth it to avoid rushed sales or temporary housing.

Equity

HomeLight

APRIL 9, 2025

A bridge loan might be the solution youre looking for. This short-term financing option helps you buy your new home before your current one sells, giving you a little more control in a stressful situation. Buy Before You Sell What is a bridge loan, in simple words? What are the benefits of a bridge loan in Las Vegas?

Equity

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. In fact, a recent Redfin report shows that just under one-third of U.S.

Closing costs

Marco Santarelli

JANUARY 1, 2025

As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor that affects how much homebuyers will pay each month and the total cost of the loan over the long term. Understanding Mortgage Rates Mortgage rates are the interest rates that lenders charge on home loans.

Mortgages

HomeLight

JULY 24, 2025

A bridge loan might be just what you need to buy your next home without waiting to sell your current one. This short-term financing option gives you flexibility and control over your timeline. In this guide, we’ll walk you through everything you need to know about bridge loans in Sacramento. Thankfully, there’s another option.

Equity

The Mortgage Report

JULY 10, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Can You Refinance a Home Equity Loan Without Refinancing Your Mortgage?

Equity

The Close

NOVEMBER 25, 2024

However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. You’ll need to take many different costs into account and be prepared for unexpected expenses.

Purchase and sale agreement

HomeLight

JULY 28, 2025

A bridge loan could be the solution to help everything fall into place. In this post, we’ll explain everything you need to know about bridge loans in Scottsdale so you can decide the best path forward for your situation. Buy Before You Sell What is a bridge loan, in simple words? Yes, You Can Buy Before You Sell.

Equity

HomeLight

APRIL 18, 2025

A bridge loan could be the piece that helps everything come together. This short-term loan is designed to help you buy your next home first, and then sell your current home afterward. In this guide, well break down how bridge loans work in NYC and when it might make sense to use one. How does a bridge loan work in NYC?

Equity

HomeLight

JULY 24, 2025

A bridge loan could be the tool you need to help everything fall into place — giving you the flexibility to buy your next home without rushing to sell your current one first. In this guide, we’ll break down everything you need to know about getting a bridge loan in Orlando. Buy Before You Sell What is a bridge loan, in simple words?

Equity

The Close

NOVEMBER 25, 2024

Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. During preforeclosure, homeowners have two main options: sell the property or pay off the outstanding loan balance. This is considered the early stages of a home going into foreclosure.

Hard money loan

HomeLight

JULY 24, 2025

A bridge loan might be just what you need to buy your next home without waiting to sell your current one. This short-term financing option gives you flexibility and control over your timeline. In this guide, we’ll walk you through everything you need to know about bridge loans in Sacramento. Thankfully, there’s another option.

Equity

HomeLight

APRIL 10, 2025

A bridge loan can help you buy a new home before selling your current one. This short-term financing option could be the piece you need to make your move smoother and less stressful. In this post, well break down how bridge loans work in Charleston and share other creative solutions to help you buy before you sell.

Equity

The Mortgage Report

JUNE 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

Equity

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? But not everyone can afford to put 20% down.

Loans

Marco Santarelli

DECEMBER 29, 2024

Mortgage News This Week In the week ending December 22, 2024, there has been a notable increase in mortgage rates, pushing 30-year fixed-rate loans to an average of 6.91%. This upward trend in rates can be attributed to renewed investor interest and adjustments in long-term bond yields, which are closely linked to mortgage rates.

Mortgages

BAM Media

DECEMBER 19, 2024

Sellers remain confident in their ability to move properties quickly, with 72% expecting to close within 4 months or less. Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates.

Marketing

AAOA

APRIL 14, 2025

Down payments for apartment buildings usually range between 20% and 30%, but the exact amount depends on factors like your credit score, property type, and financing options. Understanding how these elements influence your upfront costs is crucial for smart investment planning. They impact your loan terms and monthly payments.

FHA loan

The Mortgage Report

JULY 8, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? What Are the Different Types of Home Equity Loans and Which Is Best?

Equity

Redfin

MARCH 26, 2025

When buying a home, few clauses are as important, or as misunderstood, as the financing contingency. Whether its your first time buying a home in Seattle, WA or youre looking to invest in a condo in Austin, TX , understanding how a financing contingency works can help you navigate the process and avoid costly mistakes.

Finance

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. A robust economy can lead to higher interest rates, as lenders anticipate increased demand for loans. Conversely, during economic downturns, lower rates are encouraged to spur borrowing.

Mortgages

Marco Santarelli

MARCH 7, 2025

There are two primary types of rates: Fixed-Rate Mortgages : The interest rate remains the same throughout the life of the loan. Financial tools and resources, like those offered by Yahoo Finance's home affordability calculator, can also assist in assessing which mortgage options fit best with your financial situation.

Mortgages

Marco Santarelli

DECEMBER 31, 2024

Fixed-rate Mortgages Description: Fixed-rate mortgages provide stability; your interest rate remains constant throughout the entire loan term. If housing inventory is low and demand remains high, price increases can occur, affecting affordability and driving buyers toward financing options. 20-Year Fixed 6.48% -0.10 5/1 VA 6.27% -0.03

Mortgages

Redfin

JULY 30, 2025

Which loan is right for you? Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse.

Loans

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Not getting pre-approved for a home loan before starting your search A common mistake for first-time homebuyers is jumping into the search without first getting pre-approved for a mortgage. For instance, on a $350,000 mortgage, a 3.5%

Pre-approval

Redfin

JULY 18, 2025

The down payment The amount you’ll need for a down payment depends on your loan type. While 20% down can help you avoid mortgage insurance, many buyers put down less – especially with FHA or conventional loans. Make sure to estimate these totals so you’re not stretching your finances too thin.

Pre-approval

Marco Santarelli

APRIL 19, 2025

Here's a quick overview of what's been happening in the mortgage market recently: 30-year Fixed: 6.83% 15-year Fixed: 6.14% 10-year Fixed: 6.08% 5/1 ARM: 6.30% These rates give you a general idea, but remember that your specific rate will depend on your credit score, loan-to-value ratio, and other factors. Shorter loan term?

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan.

Finance

The Close

APRIL 3, 2025

When you need to finance a house flip, you need a loan that offers a repayment term that fits your project timeline, can close quickly, and, of course, doesnt have unrealistic eligibility requirements. This also allows it to close in as little as seven days.

Loans

Redfin

MARCH 11, 2025

Its credited back to the buyer at closing: If the deal moves forward, your earnest money is applied toward your down payment or closing costs. However, if you back out of the deal for reasons not covered by contingencies (such as inspection or financing), you may forfeit the earnest money to the seller.

Earnest money deposit

Redfin

JANUARY 28, 2025

If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? Are FHA loans assumable? This is a unique feature of FHA loans, as not all loan types (like most conventional loans) offer this option.

FHA loan

Redfin

JUNE 13, 2025

In this Redfin article, we’ll walk you through what’s different as a second-time homebuyer, how to prep your finances, and what strategies ease the transition—whether you’re upgrading in Flagstaff, AZ , downsizing, or just making a change in Fort Worth, TX. Communicate closely with your real estate agent to align timelines and contingencies.

Debt-to-income ratio

Marco Santarelli

DECEMBER 21, 2024

It can be about your financial goals and how a new loan structure can help you reach them. Switching loan terms: Perhaps you want to go from a 30-year mortgage to a 15-year mortgage to pay it off quicker. Switching loan terms: Perhaps you want to go from a 30-year mortgage to a 15-year mortgage to pay it off quicker.

Debt-to-income ratio