Advantages and Disadvantages of Paying Off Your Mortgage



Pros and Cons of Paying Off Your Home Mortgage Early When you buy your first home, you soon learn that life is all about making the right financial decisions. Everything is about the pros and cons of things like paying off the mortgage on your home. These are not easy decisions to make. Before you […]

Redesign of standard mortgage application form is delayed



Fannie Mae and Freddie Mac say that proposed changes to the standard mortgage application form may be delayed. The changes to the Uniform Residential Loan Application form were announced three years ago and due to come into effect from February 1, 2020. But the new form could now be delayed, as the Federal Housing Finance […]

HUD rule changes make it harder to obtain a cash-out refinance loan



The Department of Housing and Urban Development last week imposed limitations on cash-out refinances that will make it more difficult for homeowners to cash in on the equity they’ve built up in their homes. The HUD said on Thursday it’s lowering its loan-to-value requirements for cash-out refinances from 85% to 80%. The move means that […]

Consumers get more home buying power as Fed cuts interest rates



The U.S. Federal Reserve this week slashed interest rates for the first time since the Great Recession in 2008, but experts say the move is unlikely to improve what is already a very favorable borrowing environment for home buyers. The federal funds rate, which governs the rate banks charge each other for short-term borrowing, will […]

More millennials say their finances are in better shape



More millennials have been able to get a handle on their mortgage repayments over the last year, meaning they’re less likely to ask for help from parents, work a second job, or find a roommate to share costs, according to a new Redfin survey. The survey of 1,000 adults born between 1981 and 1996, found […]

Enjoy Your Retirement Years with a Reverse Mortgage



Is retirement is just around the corner for you and you are planning all the wonderful things you can do with your free time, vacations, grandkids, hobbies, home improvements and travel? But even though you have paid off your mortgage, cash may be a little bit tight to do many of the things you want? […]

Tigne Property Development in Malta



We know that a real estate property anywhere in Malta can easily be considered a great investment. With millions of tourists and pilgrims visiting the country annually, even a simple apartment in the countryside can generate a sizeable income. But there’s really something about Sotheby’s Malta properties in Tigné Point, Sliema that makes it a […]

New bill proposes cutting FHA insurance premiums for first-time buyers



Lawmakers in the U.S. House of Representatives have approved a bill that would reduce the cost of upfront mortgage insurance fees on Federal Housing Administration-sponsored loans for first-time buyers. The bill comes with a caveat however, as first-time buyers would need to undergo a housing counseling program about sustaining homeownership in order to qualify for […]

Zillow highlights 36 metros where high school grads can afford a mortgage



Households including at least one person with a high school diploma or GED can afford the typical mortgage payment in most large metro areas across the U.S., according to a new analysis by Zillow. But soaring home values that have outpaced incomes have made down payments a barrier for many, particularly first-time home buyers. Mortgage […]

Experts worry about rise of ‘alt-doc’ loans



Some mortgage products that were widely used prior to the Great Recession, and cited as one of its main causes, are said to be making a comeback – and that’s becoming a concern for those worried about an impeding new recession, HousingWire reported. The volume of home loans with “alternate documentation” has more than doubled […]