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VA loans: What they are and how they work
Bankrate via AOL· 1 week agoLastly, you can only use a VA loan with a primary residence; investment properties and vacation homes aren’t allowed. The property also needs to meet...
Lender-paid mortgage insurance (LPMI): What is it and how does it work?
Bankrate via AOL· 9 hours agoIn this arrangement, the lender covers the cost of the mortgage insurance, which is reflected in a...
HFA loans: Everything you need to know
Bankrate via AOL· 2 weeks agoLower credit score requirements. 3.5 percent down payment requirement. VA loans: Only available to veterans and service members. No down payment...
Today's 15-year and 30-year mortgage rates continue to hold steady | April 25, 2024
FOX Business· 2 days agoThe interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 25, which is unchanged from...
What is an energy-efficient mortgage (EEM)and how can it save you money?
Bankrate via Yahoo Finance· 1 week agoAn EEM mortgage can be a conventional loan, an FHA loan or VA loan. As with other types of...
Best online mortgage lenders in 2024
Bankrate via AOL· 2 weeks agoPreapproval shows sellers that you’re a serious shopper and that you have the financial backing to bid on a home. Online mortgage FAQs What is an online...
Assumable mortgage: What is it and how does it work?
Bankrate via AOL· 1 week agoCons Buyer can’t assume a conventional mortgage, in most cases: The only types of assumable mortgages are FHA loans, VA loans and USDA loans. In...
Cash-out refinance: What it is and how it works
Bankrate via AOL· 4 days agoThe figures vary with government-backed loans. For an FHA loan cash-out refinance, you might be eligible to borrow up to 80 percent of the value of your ...
How many people can be on a mortgage?
Bankrate via Yahoo Finance· 1 day ago“The exception to that rule is VA loans. National VA loan guidelines permit only the veteran and his or her spouse to be on the mortgage ...
What is a subprime mortgage?
Bankrate via AOL· 2 weeks agoAlternatives to a subprime mortgage Other options you might want to consider besides a subprime home loan include: FHA loans – If your credit score is at...
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