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Today's 15-year mortgage rates go down while 30-year mortgage rates hold steady | April 23, 2024
FOX Business· 4 hours 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 Yahoo Finance· 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...
Daily mortgage rates for April 23, 2024: Rates edge higher this week above 7%
AOL· 6 hours agoMortgage rates have jumped above 7% over the past two weeks, with average interest rates for...
Assumable mortgage: What is it and how does it work?
Bankrate via Yahoo Finance· 6 days agoThese include being able to make a minimum down payment of 3.5 percent with a credit score of at least 580...score of 620. You also have to meet income...
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 ...
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...
Cash-out refinance: What it is and how it works
Bankrate via Yahoo Finance· 20 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...
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...
Mortgage loan modification: What it is and how to get one
Bankrate via AOL· 7 days agoThis varies, however, and is also based on whether you were paying on time before the modification.”...
5 things to avoid if you’re applying for a mortgage (and 3 things you definitely need to do)
CNBC· 4 days agoOf the millions who applied for a mortgage loan in 2023, close to 12% were turned down, according to...