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Today's 15- and 30-year mortgage rates continue to hold steady | April 22, 2024
FOX Business· 1 day agoThe interest rate on a 30-year fixed-rate mortgage is 7.500% as of April 22, which is unchanged from...
Daily mortgage rates for April 23, 2024: Rates edge higher this week above 7%
AOL· 2 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 AOL· 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...
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 ...
Assumable mortgage: What is it and how does it work?
Bankrate via Yahoo Finance· 6 days agoWhat types of mortgage loans are assumable? The main types of mortgages that can be assumed are FHA loans, VA loans and USDA loans: FHA loans: For
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 17 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...
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...
Georgia Dream Peach Plus loan program aims to make homeownership possible
WAGA fox local articles via Yahoo Finance· 21 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 agoSome mortgages allow a far higher loan-to-value ratio than others. Loan type LTV maximum *Without private mortgage insurance (PMI) Conventional
