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How to prepare for FHA appraisal requirements
Bankrate via AOL· 7 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...
3 Signs an FHA Loan Isn't Right for You
The Motley Fool· 1 day agoIf you feel that that won't work for you, or that you won't qualify, then you may be inclined to explore your options for an FHA loan instead. With an &...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 3 days agoKey takeaways An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a conventional
Daily mortgage rates for April 26, 2024: Rates on 30-year, 15-year terms climb for 4th straight week
AOL· 5 hours agoNew data from Freddie Mac reports a rise in 30-year and 15-year fixed mortgage rates for a fourth...
What is an energy-efficient mortgage (EEM)and how can it save you money?
Bankrate via Yahoo Finance· 7 days agoAn energy-efficient mortgage (EEM) is a loan for purchasing or refinancing a home that meets certain...
Today's 15-year and 30-year mortgage rates continue to hold steady | April 25, 2024
FOX Business· 1 day agoThe interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 25, which is unchanged from...
FHA loan requirements for 2024
FOX Business· 7 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 ...
What to do if you have an underwater mortgage
Yahoo Personal Finance· 19 hours agoAre there other options for refinancing your mortgage? You can still refinance an underwater mortgage if you have a government-backed loan, such as an ...
VA loans: What they are and how they work
Bankrate via AOL· 7 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...
What is a loan-to-value ratio?
Bankrate via Yahoo Finance· 7 days agoSome mortgages allow a far higher loan-to-value ratio than others. Loan type LTV maximum *Without private mortgage insurance (PMI) Conventional