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You’ve narrowed your search down to a short list of lenders, or perhaps you’ve even been pre-qualified for a mortgage. The next part is beginning your formal mortgage application—but before you do that, it’s important to make sure you’ve prepared the right questions to ask your lender. Here are the 10 questions to ask your mortgage lender to get you started:
As mortgage rates fluctuate, Americans question how much presidential policies influence housing costs. In reality, the connection isn’t as direct as campaign speeches suggest.
Own a home and in need of a loan? One of the most convenient ways to secure the large amount of cash you need to fund that renovation, medical bill, or college tuition is to take out a second mortgage on your home.
Shopping for a mortgage can be stressful. It’s hard to wrap your head around the various loan types, terms and lenders. It’s time to get down to basics - starting with the loan term. Lots of homebuyers opt for a 30-year fixed mortgage, which allows you to pay back your loan over the course of 30 years at a stable interest rate. Explore 30-year mortgage lenders and find your perfect fit.
FHA mortgage loans are an attractive option for first-time homebuyers. If you’re looking for your first home and don’t have 20% of the home purchase price for a conventional loan down payment, FHA loans backed by the U.S. government can offer between 3.5% and 10% down payments.