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Escrow accounts are common among mortgage lenders. Here’s how they work
Fortune via Yahoo Finance· 2 years agoMore than 85% of American homebuyers finance their purchase with a mortgage. In most cases, the...
BofA's test loan program isn't the only way to buy a house without a down payment — here's how
MoneyWise via Yahoo Finance· 2 years agoThe biggest obstacle for many first-time homebuyers is coming up with the cash for a down payment....
What is a gift letter for a mortgage?
Bankrate via AOL· 4 months agoPortions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our...
Mortgage interest deduction: What it is and what qualifies
Bankrate via Yahoo Finance· 3 months agoKey takeaways The IRS may let you deduct interest paid on your mortgage on your federal income tax...
New target in Biden administration's war on junk fees: Mortgage closing costs
Yahoo Finance via AOL· 3 months agoThe Biden administration is expanding its crackdown on junk fees, this time setting its sights on...
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is favoured by institutional owners who hold 55% of the...
Simply Wall St. via Yahoo Finance· 12 months agoKey Insights Significantly high institutional ownership implies Blackstone Mortgage Trust's stock...
Guide to first-time homebuyer grants
Bankrate via AOL· 3 months agoKey takeaways A first-time homebuyer grant can help you cover a down payment and closing costs. You don’t have to repay the grant funds. A grant might...
The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly
HousingWire via Yahoo Finance· 4 months agoThe Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as...
What is negative equity? A guide to underwater mortgages
Bankrate via Yahoo Finance· 5 months agoKey takeaways Negative equity occurs when your home's value sinks below the amount you owe on it...
What is a defeasance clause, and how does it work?
Bankrate via Yahoo Finance· 1 year agoskynesher/Getty Images Defeasance probably isn’t a word you hear used in everyday conversation. When you’re buying a home, though, it’s important to know...