Search results for “Government”
Guide to Government Home Loans in 2022
What is a Government Backed Mortgage? A government backed mortgage is a loan that is insured by the U.S. federal government. There are many different types, each with their own specific requirements a...
Real-Estate Agents Say Government Shutdown is Starting to Impede the Housing Market
A new study from the nation’s leading real-estate agent advocacy group shows how the partial federal government shutdown is curbing economic activity. The National Association of Realtors surveyed its...
Your credit score and how it differs from your credit report
What is your credit report? A credit report is an extensive record of your financial history and how you’ve handled the obligation to repay your loans. Depending on how long you’ve been attached to li...
Why Does the Federal Reserve Raise Interest Rates? According to Investopedia, “the interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal. The in...
The government agency noted that when setting up a HELOC, homeowners typically have to pay an appraisal fee, application fee and potentially a percentage point of the credit limit up front. As with no...
Mortgage Rates Not Impressed by Market Volatility
Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds. Conventional wisdom holds that stocks and bonds supplement one another, and that as "money moves in" to one ...
Sharp Drop in Rates Spark Jump in Applications
The combination of lower mortgage rates and an unusually slow end to 2018 caused mortgage applications to surge to start this year. Overall volume jumped 23.5 percent last week from the previous week,...
How Important is Credit in the Mortgage Application Process?
Your Credit History Your credit report is a representation of your last seven years of financial activity. It shows lenders how you have managed past accounts and how you are currently handling debt. ...
4 Essentials to Smart Mortgage Decisions
Homeownership is a dream for many Americans, but most don’t know where to start or are crippled by fears that they’re not prepared. Getting the right mortgage for you is a big part of the homebuying p...