mortgage

Private mortgage insurance (PMI) adds to your monthly mortgage payment, but it doesn’t have to last forever. Most homeowners can remove PMI once their mortgage balance reaches 80% of their…

The mortgage renewal wave that has long loomed over pandemic buyers who purchased homes at rock-bottom rates may finally be coming to an end, according to a Wednesday report from…

A client recently told me their mortgage was up for renewal in late January, and earlier that month — maybe four weeks before renewal — they received a mortgage renewal…

Key takeaways Underwriting is a detailed review of the buyer’s finances and the property. Income verification, documentation consistency, and property or title issues are the most common causes of underwriting…

Mortgage applications declined for the third week in a row. Home loan applications decreased 0.3% from one week prior for the week ending Feb. 6, according to the Mortgage Bankers…

A small change in your mortgage rate can add up to big money over time. On a $400,000, 30-year loan, lowering your interest rate from 7% to 6% can cut…

Mortgage rates ticked up on Thursday, a week after dropping to their lowest level in more than three years, amid volatility in the bond market stirred up in part by…

When you decide to buy a house, you’re not only committing to paying for the purchase price of the home but also the interest rate on your mortgage loan –…

Key Takeaways Newrez will start accepting eligible crypto holdings as part of mortgage qualification. The move makes Newrez the first major lender among the country’s top 25 to formally recognize…

It’s a major shift from where rates were a year ago: Last January, the 30-year rate averaged 7.04%.