You don’t need a 20 percent down payment to buy a home



It’s great if you actually have 20 percent to put down on your first home, but this kind of down payment isn’t necessary by all means. Still, many prospective homebuyers believe that 20 percent down is the norm, and that could be holding them back from buying their first home.

Mortgage payments account for rising share of borrowers’ incomes



With interest rates and home values on the rise, the typical monthly mortgage payment now requires more of the average household income than it has anytime in the previous six years.

Higher Mortgage Rates stifling the plans of first time home buyers



The recent surge in mortgage rates is hindering the plans of first time home buyers to purchase this spring.  According to a report recently released by the realtor.com, the increase in mortgage rates in the last two months of 2016 have

Fed’s imminent grand monetary policy experiment is making everyone worried about the U.S housing market recovery



Everyone including the home buyers got worried by the recent talk at the FED about the reduction of its mortgage backed securities (MBS) holdings. Fed holds $1.75 trillion of MBS from quantative-easing program.

First Heritage Mortgage first to offer downpayment protection to Mid Atlantic homebuyers



First Heritage Mortgage today introduced Mortgage +Plus SM, an innovative mortgage product that protects a homebuyer’s down payment, available immediately on all applicable First Heritage mortgages.

Money Miracles: What to Know Before Getting a Loan



If you would like to buy a car, get a house, or take an unplanned vacation, you might want to consider getting a loan so you will have the funds to reach your goal.

Demonstrating Cash Flow Is Key for Self-Employed Seeking Mortgages



The current financial system was not designed with the self-employed in mind.

Mortgage Performance: Foreclosure statistics are showing signs of recovery



According to a recent foreclosure report issued by the Corelogic, the statistics at the end of 2016 are showing signs of recovery to the pre-crisis level.

Yellen’s potential successors deem a stringent monetary policy as the need of the day



The Federal Reserve Chair Janet Yellen term is going to end in 2018. Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018.

Trump says no to FHA mortgage insurance cuts



President Donald Trump is suspending a plan to reduce Federal Housing Administration mortgage insurance premiums that was set to take effect on Jan. 27.