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How to prepare for FHA appraisal requirements
Bankrate via AOL· 4 days agoKey takeaways An FHA appraisal assesses your home’s market value and condition to determine whether the home loan is a sound investment for the...
FHA loan requirements for 2024
FOX Business· 4 days agoThe maximum DTI for an FHA loan is 43% unless the borrower has “acceptable compensating factors,” in which case you can be approved with up to a 47% DTI ...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 13 hours agoShopping around for the best cash-out refinance rates: Compare...home, for example, you often can only borrow up to 75 percent. The figures vary with...
Assumable mortgage: What is it and how does it work?
Bankrate via Yahoo Finance· 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 ...
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...
VA loans: What they are and how they work
Bankrate via AOL· 4 days agoThese types of mortgages have more relaxed baseline requirements than conventional loans, and sometimes better interest rates, too. Here’s a...
Georgia Dream Peach Plus loan program aims to make homeownership possible
Fox local via AOL· 17 hours agoGeorgia has launched the Georgia Dream Peach Plus loan program, aiming to make homeownership more...
What is a loan-to-value ratio?
Bankrate via Yahoo Finance· 4 days agoLoan-to-value ratio requirements by loan type There are many types of mortgages, and their specific loan-to-value ...
Down payment assistance: How it works and how to get it
Bankrate via Yahoo Finance· 4 days agoSimply put, down payment assistance programs help drive homeownership, which itself helps build...
How to get a home equity loan with bad credit
Bankrate via AOL· 5 days agoIf you aren’t ready...lenders set stricter criteria, demanding scores squarely in the “fair” range. A score in the 500s – good enough for an FHA mortgage...
