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Today's 15-year mortgage rates go down while 30-year mortgage rates hold steady | April 23, 2024
FOX Business· 1 hour agoThe interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 23, which is 0.125...
Daily mortgage rates for April 23, 2024: Rates edge higher this week above 7%
AOL· 3 hours agoMortgage rates have jumped above 7% over the past two weeks, with average interest rates for...
How to prepare for FHA appraisal requirements
Bankrate via Yahoo Finance· 4 days agoThis step is required by lenders during the FHA mortgage process to ensure they’re not lending more than the home is worth. Similarly, the government...
Assumable mortgage: What is it and how does it work?
Bankrate via Yahoo Finance· 6 days agoThese include being able to make a minimum down payment of 3.5 percent with a credit score of at least 580...score of 620. You also have to meet income...
VA loans: What they are and how they work
Bankrate via AOL· 4 days agoPros of a VA loan No down payment: VA loans allow you to purchase a home with zero down payment. In contrast, you’d need at least 3 percent down for a...
Down payment assistance: How it works and how to get it
Bankrate via Yahoo Finance· 4 days agoFAQ What mortgages can down payment assistance be applied to?You can apply down payment assistance...
What is a loan-to-value ratio?
Bankrate via Yahoo Finance· 4 days agoSome mortgages allow a far higher loan-to-value ratio than others. Loan type LTV maximum *Without private mortgage insurance (PMI) Conventional ...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 18 hours agoHowever, this threshold varies depending on the property type. For a multifamily home, for example, you often can only borrow up to 75 percent. The...
Mortgage loan modification: What it is and how to get one
Bankrate via AOL· 7 days agoThis varies, however, and is also based on whether you were paying on time before the modification.”...
5 things to avoid if you’re applying for a mortgage (and 3 things you definitely need to do)
CNBC· 4 days agoOf the millions who applied for a mortgage loan in 2023, close to 12% were turned down, according to...