Search results
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 1 day agoThese go into the Mutual Mortgage Insurance Fund (MMIF) that covers loss claims. Although you’ll pay the premiums as the borrower, FHA mortgage insurance...
No-doc mortgage: What is it and can you still get one?
Bankrate via Yahoo Finance· 32 minutes agoHowever, the terms and credit requirements needed to get approved for a no-doc mortgage are...
Today's 15-year mortgage rates go down while 30-year mortgage rates hold steady | April 23, 2024
FOX Business· 1 day agoThe interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 23, which is 0.125...
How to prepare for FHA appraisal requirements
Bankrate via AOL· 5 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· 5 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 ...
VA loans: What they are and how they work
Bankrate via AOL· 5 days agoThese types of mortgages have more relaxed baseline requirements than conventional loans, and sometimes better interest rates, too. Here’s a...
Assumable mortgage: What is it and how does it work?
Bankrate via Yahoo Finance· 7 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 ...
What is an energy-efficient mortgage (EEM)and how can it save you money?
Bankrate via Yahoo Finance· 5 days agoWhat is an energy-efficient mortgage (EEM)? An energy-efficient mortgage (EEM) is a loan for...
What is a loan-to-value ratio?
Bankrate via Yahoo Finance· 5 days agoLoan-to-value ratio requirements by loan type There are many types of mortgages, and their specific loan-to-value ...
What is correspondent lending?
Bankrate via Yahoo Finance· 23 hours agoCommunication with the lender: Unlike with a mortgage broker, you deal directly with the entity funding your loan and setting the guidelines. They can...