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Today's 15- and 30-year mortgage rates continue to hold steady | April 22, 2024
FOX Business· 21 hours agoThe interest rate on a 30-year fixed-rate mortgage is 7.500% as of April 22, which is unchanged from...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 13 hours agoA rate-and-term refinance is a new mortgage that is the same size as the old one (the outstanding balance, that is). It only adjusts your interest rate...
VA loan down payment: Definition and requirements
Bankrate via AOL· 2 weeks agoWith more equity to start, you can tap it that much sooner to pay large expenses via a home equity loan or home equity line of credit (HELOC). If your...
Assumable mortgage: What is it and how does it work?
Bankrate via AOL· 6 days agoThe main types of mortgages that can be assumed are FHA loans, VA loans and USDA loans: FHA loans: For FHA assumable mortgages, you’ll ...
How much is a down payment on a house?
Bankrate via AOL· 2 weeks agoYou can get a conventional mortgage with 3 percent down, but with anything less than 20 percent, you'll have to pay mortgage insurance. Making a larger...
What Is an FHA Cash-Out Refinance?
Consumer Affairs· 2 weeks agoYour old mortgage gets paid off during the FHA cash-out refinance process, and you begin repaying your new home loan based on new terms while getting cash ...
Mortgage recasting: What it is and how it works
Bankrate via AOL· 2 weeks agoTo recast your loan, you’ll make a lump-sum payment toward the balance. Your lender will then reamortize the loan with the smaller balance and new, lower...
Loan modification vs. refinance: Which option is best for you?
Bankrate via AOL· 2 weeks agoYou’ll typically pay a small administration fee to modify your loan. How refinancing works When you...
What is a subprime mortgage?
Bankrate via AOL· 1 week ago“If you violate the ATR rule as a lender, you can potentially be sued or be subject to regulatory enforcement,” says Austin...home purchase. However,...
HFA loans: Everything you need to know
Bankrate via AOL· 1 week agoHigher credit score requirements: Though low, HFA loans have higher credit score minimums than some alternatives like FHA loans. Who is an HFA ...
