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How much is an FHA loan down payment?
Bankrate via AOL· 3 months agoKey takeaways FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or more. Borrowers with a credit score of 500...
How to calculate loan payments and costs
Bankrate via AOL· 1 month agoKey takeaways Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will...
FHA streamline refinance: What is it and how does it work?
Bankrate via AOL· 4 months agoKey takeaways The FHA streamline refinance program makes it easier and cheaper for borrowers who...
Guide to refinancing an FHA loan to a conventional loan
Bankrate via AOL· 5 months agoKey takeaways By refinancing an FHA loan to a conventional loan, you could get a lower interest rate...
How to remove mortgage insurance on an FHA loan
Bankrate via AOL· 2 months agoKey takeaways The ability to remove FHA mortgage insurance depends on your loan origination date and size of your down payment. If you got your FHA loan...
How to find the best FHA mortgage lender
Bankrate via AOL· 5 months agoKey takeaways To find the best FHA lender, shop around with at least three lenders and compare their loan offers and terms. Ask FHA lenders about their...
Mortgage recasting: What it is and how it works
Bankrate via AOL· 1 month agoKey takeaways Mortgage recasting allows you to pay a lump sum toward your mortgage in order to reduce your remaining monthly payments and interest. When...
What credit score do you need to buy a house?
Bankrate via Yahoo Finance· 1 year agoJamie Kripke/Getty Images Strictly speaking, you don’t need a credit score to buy a house. If you’re paying cash, no one necessarily cares if you have...
Income requirements to qualify for a mortgage
Bankrate via AOL· 3 months agoKey takeaways There are no specific income requirements to qualify for a mortgage. Lenders use your debt-to-income (DTI) ratio to compare income versus...
Best mortgage lenders for bad credit in 2024
Bankrate via AOL· 4 months agoIf your credit needs work, that doesn’t necessarily mean you won’t qualify for a mortgage. Here’s our guide to the best mortgage lenders for bad-credit...
