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Found 124 results for 'Mortgage'.

10 Questions for the First Meeting With Your Loan Officer

They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...

What You Need to Know About the 20% Down Payment Myth

How Low Can You Go? Once upon a time, saving for a 20% down payment was an expected part of buying a home. However, the introduction of the FHA mortgage in the 1930s did away with this hefty savings r...

Why Refinancing Still Makes Sense Amid Rising Rates

Mortgage Interest Rates Are Still Considered Low The 30-year fixed-rate recently hit a one-year high. Reasons for the increase in mortgage rates include an improving economy and government stimulus sp...

Mortgage Rates Are Still Historically Low

Freddie Mac and the 30-Year Fixed Mortgage According to the latest data released from Freddie Mac, the 30-year fixed-rate mortgage decreased by almost ten basis points to 3.04% That’s not only lower t...

What is Equity?

How to Build Equity in My Home Buying a home is an investment. That’s one of the major perks of homeownership. As with any investment, the idea – and goal – is to build wealth over time. The concept i...

What does a HELOC entail?

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...

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 to Plan for Unexpected Expenses When Buying a Home

But no matter how much you plan for these massive price tags, it might actually be the little surprise expenses that hurt the most. They tend to catch many homebuyers off-guard and can add up to a sig...

Industry Terminology: Forbearance vs. Deferment

During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...

Industry Terminology: Loan Modification

During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...