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Behind on Your Mortgage? You May Be Eligible For Some Help
The $540 million SunTrust Mortgage agreed to pay last week in relief to distressed homeowners is the latest in a series of settlements authorities have reached with major banks over their role in the...
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30-year Mortgage Rates Edge Down For Second Straight Week
Average rates notched down slightly to 4.14% with an average of 0.5 points, down from last week’s 4.17%, according to Freddie Mac. A year ago, rates on 30-year mortgages were 4.46%. The rate on an...
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The Best Loan You’ve Never Heard Of—And How You Can Get One
No money down, better rates than an FHA loan, and the ability to finance closing costs. It may sound too good to be true, but in fact it’s a U.S. Department of Agriculture guaranteed rural development...
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How to Get Ready to Buy a Home
Checking your credit report and getting pre-approved for a mortgage are key, says Century 21 CEO Rick Davidson.
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How Millennials Stalled the Housing Market Recovery
Millennials already have to deal with hefty debt from college, an iffy job market, and growing up in an era where MTV no longer plays music videos, but now they’re being blamed for holding back the...
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The Surprising Threat to Your Financial Security in Retirement
America’s population is going to experience a dramatic shift during the next 15 years. More than 130 million Americans will be aged 50 or over, and the entire baby boomer generation will be in...
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Wells Fargo Settles Charges It Refused Mortgages to Moms
Wells Fargo Home Mortgage agreed Thursday to pay $5 million to settle allegations that its home loan officers discriminated against pregnant women and women on maternity leave out of fear that the...
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If You Still Haven’t Refinanced, Now’s a Good Time (Again)
Growing fears over the health of the global economy are sending ripples far and wide. Along with Wednesday’s cratering stock market and worrisome bond yields comes another consequence, albeit one that...
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It Could Soon Be Easier to Get a Mortgage
Perhaps you thought the days of putting little money down for a home were gone. Well, not so fast. On Monday the CEO of Fannie Mae, Timothy Mayopoulos, announced that the housing giant planned to once...
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The $265 Billion Bill That’s Coming Due for Homeowners
Millions of consumers will have to absorb a major hit to their household budget in the coming months. About $265 billion in home equity lines of credit (HELOCs) will enter the repayment period in the...
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The Right — and Dangerously Wrong — Ways to Pay Off Your Mortgage Early
You probably don’t need a pricey service to pay down your mortgage more quickly. There are many great reasons for wanting to pay off your mortgage fast — not in the least part because it can save you...
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How We Paid Off Our Mortgage in 7 Years
The idea behind paying off a loan faster than scheduled is pretty simple: It saves you money. That’s a huge part of the reason Andrea Stewart and Jerimiah Honer decided to repay their 30-year mortgage...
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The Layperson’s List of Mortgage Application Junk Fees
From time to time we bring you posts from our partners that may not be new but contain advice that bears repeating. Look for these classics on the weekends. Thanks to two home purchases and refinancing...
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When an Adjustable Rate Mortgage Makes Sense
An adjustable-rate mortgage (ARM) typically offers a lower initial interest rate than a traditional 30-year fixed loan. You will often hear them expressed as five-year, seven-year or ten-year ARMs;...
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These Home Buyers Will Be Hit the Hardest by Rising Interest Rates
Mortgage rates hit a 2015 high when the national average rate on a 30-year fixed-rate mortgage hit 4.08% earlier this week, according to Freddie Mac’s weekly survey. That’s lower than where the U.S....
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This Is the Best State for First-Time Homebuyers
When it comes to the nation’s hottest real estate markets, West Virginia usually doesn’t come to mind. But for first-time home buyers it beats out bigger markets like California and Florida, at least...
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3 Times to Refinance Even if You Might Move
Are you interested in refinancing your mortgage, but hesitant to do so because you’re thinking of selling your home at some point? Believe it or not, refinancing could still make sense. Here are...
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4 Things Your Bank Won’t Tell You When You Get a Mortgage
As the Consumer Financial Protection Bureau strives to create more transparency within the mortgage industry, there are crucial homebuying truths that endure — and knowing what they are can help you to...
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Why Latino Americans Are Denied Home Loans More Often Than White Applicants
With the exception of 2009 and 2010, Latinos have driven homeownership growth in the U.S. for more than a decade, according to Census Bureau data. Still, they’re experiencing significant obstacles to...
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How to Get a USDA Home Mortgage
Unless you are buying a home in a rural area, you may not have even considered a Department of Agriculture loan or realized that the USDA participated in the mortgage market. The USDA loan program was...
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