A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it's only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit.
What’s Ahead For Mortgage Rates This Week – March 3, 2014
Last week's economic news was mixed, with new home sales increasing and weekly jobless claims higher than expected.
Case-Shiller and FHFA home price reports reflected slower growth in home prices. Mortgage rates moved higher for the third consecutive week.
How To Make Your Home Look More Luxurious On A Budget
Have you been looking through home decor magazines and gazing with wonder at the gorgeous homes inside? Do you want to add a touch of elegance and luxury to your home, but you are on a tight budget?
Case Shiller Price Index Shows That It’s A Buyers Market
Two major indicators of home price trends showed a slowing momentum for home prices in December. The S&P Case Shiller 10 and 20 city indices reported that of 20 cities tracked, home prices were lower in December than for November.
How Can I Get A Cash-Out Refinance Using An FHA Loan?
While homeowners typically equate the FHA loan program with low-down payment mortgages, FHA refinances are also available.
Existing Home Sales Lowest Since 2012
Sales of existing homes fell by 5.10 percent in January according to the National Association of REALTORS. Pre-owned home sales slowed to a seasonally-adjusted annual rate of 4.62 million homes against an expected reading of 4.65 million and Decemberâs reading of 4.87 million existing homes sold.
What’s Ahead For Mortgage Rates This Week – February 24, 2014
Last weekâs economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February.
Smart Ways To Create Equity Within Your Home
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.
What Are The Requirements To Sell A Home Using An FHA Loan?
Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property.
While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing.
What Is A Mortgage Pre-Approval?
When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams.
