Mortgage rates hit new all-time low for 15-year loans
Image by: Alzay / Shutterstock Mortgage rates for a 15-year fixed rate loan hit a new all-time low this week as rates for 30-year loans also dipped by one-tenth of a percentage point, according to Freddie Mac’s weekly lender survey. “Concerns about the Delta variant, and [...]
How To Prepare To Make a Down Payment on a House
(iStock) One of the biggest hurdles in buying a home is coming up with a down payment—the large chunk of cash that’s typically required to secure a mortgage for a house. Fortunately, most lenders today offer a wide range of down payment options for 5%, 10%, 15%, [...]
The New Normal of Selling a Home Today, Explained
Getty Images If you’re selling your home right now—or thinking about doing it soon—you should know that today’s housing market is unlike anything we’ve seen or experienced lately, maybe ever. In the past, home sellers might have waited weeks or months to get an offer [...]
New Oregon Ban on Home Buyer ‘Love Letters’ Draws Heat
If you're looking to buy a house in Oregon, you can no longer send letters to sway the seller. This long-lasting practice of writing a "buyer love letter" is now banned after Governor Kate Brown signed House Bill 2550 in June. Some believe the idea [...]
What Is a Wraparound Loan, and Is It Right for You?
(Getty Images) While home buyers might hope that they will qualify for a mortgage from the usual financial institutions, like a bank, they may find that their spotty credit score is an obstacle that prevents them from qualifying. What then? One Plan B may be to get what’s known [...]
