Found 21 blog entries tagged as mortgage.

pay old debt to close mortgage

Is there old debt lurking in your financial closet?

Before you apply for a home loan in Davenport FL, it's a good idea to get a copy of your credit reports. Suppose your report includes some old debt from years ago. And suppose that's timed out as a result of your state's statute of limitations on debts.

Don't "reactivate" an old collection when you apply for a mortgage

What you do next could have a huge impact on your ability to get your mortgage application approved. And it could affect your financial well-being for years to come. So read on to make sure you know how to protect your interests.

Homes for Sale in Davenport FL

How to get a copy of your credit reports

Under federal law, you are entitled to a free copy of each of your…

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your mortgage rates loan features

Why a loan's features change your mortgage rate

Your mortgage rate depends on many factors like the economy, your credit scores, the kind of property you're purchasing, and others. One factor that you have a lot of control over is the loan you select -- it's features and terms.

Homes For Sale in Davenport FL

What features affect your mortgage rate?

Features can shift risk from you to the lender, which increases your price, or from the lender to you, which drops it. For example:

  • Rates that are initially fixed but then reset
  • Interest-only payments
  • Terms ranging from five to 40 years or longer
  • Prepayment penalties
  • Cash out refinancing

We'll look at how much each of these features adds or subtracts from your mortgage…

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buying a home with bad credit

Protect your credit score by reviewing it for mistakes, so you'll be ready to start the home buying process when you find a place you love.

By Denise Brodey | Trulia  

Experts Answer Your Top Questions About Buying a Home With Bad Credit

Your credit score is one of the crucial determining factors in whether you can qualify for a mortgage in Davenport FL. “The higher your score, the less risky you appear on paper,” says Staci Titsworth, a regional manager at PNC Mortgage in Pittsburgh, PA. If that sends shivers up your spine, keep reading. We’re here to help.

The reality is that the average U.S. household has over $15,000 in credit card debt. You’re not alone if you’re wondering: Can I even try buying a home with bad…

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Before you start scheduling showings or visiting open houses, make sure you have an accurate idea of your budget and how much mortgage you can afford.

By Kali Hawlk | Trulia


Before you plan to spend the maximum amount you’ve been approved for, consider whether you can really afford the mortgage your lender offers.

According to the latest data from Trulia, the median selling price for a home is $192,000. That’s far more than most of us could afford to pay in cash, and why most of us take out a mortgage. But don’t rely on a lender to tell you how much of your monthly income you can comfortably spend on your home. They may let you borrow the maximum possible amount, but that doesn’t mean you should—or must—take them up on the offer.…

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Prepare for your meeting with your mortgage lender by showing up with these 10 question.

By Kayla Albert |  

Buying a home starts with finding the right mortgage lender. Here are the questions you should ask mortgage lenders, before you sign on with one.

Steering clear of homebuyer’s remorse requires more than just picking the right home in the right neighborhood. According to a 2016 survey by J.D. Power, 27% of new homeowners ultimately came to regret their choice of lender. One major reason for the dissatisfaction was overall poor customer experience, including lack of communication and unmet expectations. Another factor? Pressure from the lender to choose a particular product or loan. You can remove some of the…

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By Trulia | Jun 01, 2017 1:16PM  

Choosing the right mortgage is daunting, so we’ve demystified common scenarios to help you find the right loan.

Tired of paying rent and ready to become a homeowner? Good news! According to Trulia’s recent rent vs buy report, buying a home remains a cheaper option than renting, thanks to relatively low interest mortgage rates and fast-rising rents. And, even better news, you’ve taken a step in the right direction when it comes to saving money — buying can be nearly 40% cheaper than renting.

But before you start picking out curtains and furniture for that new home, there are some financing decisions that need to be made. Determining what type of mortgage is best for you and your family may…

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how long does it take to get a mortgage pre-approval

Your Mortgage: How Long Does It Take To Get Pre-Approved?

Everyone knows they are supposed to get pre-approved for home loans before they go house shopping. It's one of those annoying pieces of advice you can't escape, like "wear sunscreen," "wash your hands before eating," and "you can't jump a Yaris over 15 hay bales just because someone did it on the Internet."

Groan. You have to do it. But how long will it take to get pre-approved for your home loan so you can get to the fun part?

Pre-Approve Yourself First

Probably not as long as you think. This first step takes about eight seconds.

When you begin considering a home purchase, you go through a few steps. And one of those first steps is deciding how much you are comfortable forking…

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mortgage application disclosures

The 500 Page Mortgage Application Myth

A few years ago, the Mortgage Bankers Association released a statement claiming the average mortgage application file contains over 500 pages!

However, this includes a standard application form, disclosures, and all the supporting documents. An appraisal, purchase contract, credit report, title search and tax returns could potentially make up hundreds of pages right there.

But what you actually have to read and deal with is not that much.

Here are the most important disclosures to consider when you complete a mortgage application.

Click to see today's rates (Apr 7th, 2017)

Shopping For A Mortgage? Compare Loan Estimates

When you choose a mortgage and a lender, the Loan Estimate, or LE, is…

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It's The Perfect Time To Find An Affordable Home

Homes Are Very, Very Affordable Right Now

Affordability is at one of its highest points in a generation.

It just doesn't seem like it.

Home prices are up nearly 6% since last year, and analysts predict another 5% jump in 2017. Plus, mortgage rates are at levels not seen since 2014.

Surely this can't be an affordable housing market.

Except that it is.

That's the conclusion from First American, a real estate title insurance provider and creator of the First American Real House Price Index (RHPI). The index -- one of the few of its kind -- considers not only nominal home prices, but also income levels and mortgage rates, too.

The result: home prices are 33% more affordable today than they were at the height of the "bubble" in 2006.

…

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Mortgage Rates Forecast For August 2016

Eight months into 2016, and mortgage rates are making a monkey out of Wall Street predictions.

According to Freddie Mac's weekly mortgage rate survey, 30-year mortgage rates are holding low, closing last month at 3.48%, on average, nationwide.

30-year mortgage rates are down more than 50 basis points (0.50%) since the start of the year. 15-year mortgage rates are down by a similar amount.

If you purchased a home within the last year, or if your mortgage is more than a few years old, you could possibly benefit from a refinance.

More than 7 million U.S. homeowners are potentially eligible to refinance. And, if you're buying a home, it's a good time to be looking.

Because of how mortgage rates have…

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