Understanding the mortgage process is crucial for homebuyers. A mortgage is a secured loan from a lender to purchase a home, with various types available, including conventional and government-backed loans like FHA, VA, and USDA loans. Key factors in qualifying…
Research and compare mortgage lenders to find the best rates, as small differences can save thousands. A credit score of 740+ improves loan eligibility and secures lower mortgage interest rates.
A transformative 2025 housing market awaits with a 9% growth in home sales and rising demand. Just a 1% drop in mortgage rates could unlock homeownership for nearly 1 million new buyers.
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s…
A smoky haze envelops Altadena as the Eaton fire smolders. Legislation, Assembly Bill 238, aims to provide one year of mortgage relief for victims of Los Angeles County fires, allowing borrowers to pause payments for up to 180 days without…
Rates over 7% seem daunting, but assumable mortgages offer a potential workaround for buyers. ssumable mortgages let buyers take over existing loans with lower rates, typically government-backed (FHA, VA, USDA).
Prospective homebuyers are likely to face 30-year conventional mortgage rates above 7%, though experts predict a drop to around 6.40% by the end of 2024. Strategies to secure better rates include increasing down payments and comparing loan options. Inflation and…
Experts initially expected rates to drop to 6% by 2024, moving into the mid-5% range by 2025. Recent mortgage rates have jumped back nears ~7%, with predictions showing rates in the mid-6% range.
"Buy now, pay later" plans are popular for their convenience and lack of interest or credit checks. However, they are considered installment loans and must follow credit card regulations. To use them wisely, ensure purchases are affordable, avoid relying on…
Mortgage rates are expected to stay above 6% in 2025, potentially reaching up to 6.8%. Inflation and the U.S. deficit could influence rates, with some policies potentially pushing them higher.
