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GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA

Housing Wire

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans.

VA loan 359
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A Guide to Assumable Mortgages in Today’s Market

HomeLight

One reason more buyers are seeking assumable mortgages is to take advantage of lower interest rate financing. Many home sellers entering the market today refinanced during the pandemic era of historic low interest rates. Thus, assuming a mortgage can be like inheriting a financial advantage. VA funding fee.

FHA loan 102
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How To Finance Turnkey Rental Properties?

Norada Real Estate

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 88
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What is PMI and Do You Need to Pay it?

Redfin

If your down payment is less than 20%, PMI is non-negotiable for most loan types. The good news is that you can discontinue this payment when you have paid off 20% of the loan’s principal amount – the equivalent of that 20% down payment. At that point, you can ask the lender to remove the PMI from your mortgage payments.

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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Home financing. Getting a mortgage can be a stressful and frustrating process. Here are a few tips to get ahead of the game and mortgage like a champ! Your mortgage payment is more than just the cost of the principal and interest on your loan. It includes your property taxes and mortgage insurance, too.

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How to Decide if You Should Save for a House or Invest — The Complete Guide

HomeLight

We consulted personal finance and real estate experts and dove into data to take a closer look at the benefits and risks of each, along with down payment recommendations, so you can make a better-informed decision. Some personal finance experts recommend putting a hold on retirement savings contributions while saving for a down payment.

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How Do I Find a Home With an Assumable Mortgage?

HomeLight

“There are typically fewer fees involved when you do an assumable mortgage rather than a new origination. In this post, we’ll explain how this often elusive financing option can work for you, and share expert tips on how to find an assumable mortgage attached to a home you want to buy. Plus, the approval process can be faster.”