How to Pay Off Your Mortgage in a Few Short Years



The Urban Institute and other reliable sources say that more than 26.9 million Americans own their homes outright. It’s the second American Dream – the dream that comes after buying a home in the first place. Think about how much your life would change if your home were paid off in the next five years. […]

Consider APR when shopping for a mortgage, experts say



Mortgage rates at their current record lows offer some serious savings for both home buyers and people looking to refinance. But experts say a low mortgage rate is only one part of the equation, as people also need to consider the loan’s annual percentage rate to take into account other costs such as upfront fees. […]

Borrowers turn to credit unions as banks tighten up on lending



Lending from credit unions is growing as borrowers seek out more options to finance their home purchases. Between the end of 2019 and September 2020, membership of credit unions increased by 2.8%, or 3.37 million, and total membership now totals 125.11 million, according to a report by CNCB. Moreover, credit unions’ loan portfolios have grown […]

Now is the best time to secure a mortgage, study finds



Home buyers should move quickly if they want to lock in the best possible terms on their mortgage, as the winter months typically see lenders providing much better deals on their loans. A new study by home finance startup Haus found that lenders typically offer discounts of up to 20 basis points in January compared […]

FHFA considers changes to the home appraisal process



The home appraisal process could be about to get a makeover, as the Federal Housing Finance Agency has requested public input on its policies and practices regarding the way they’re carried out. The FHFA is the body that regulates the mortgage financing giants Fannie Mae and Freddie Mac. Home appraisals are an important step in […]

What to Know About Reverse Mortgages



What is a Reverse Mortgage? Are you wondering if a reverse mortgage might be right for your present circumstances? If you own a lot of equity in your home, and if you are aged 62 or above, you could benefit from a reverse mortgage. This will give you access to a new income source that […]

Buyers priced out of affordable homes



Home prices have grown in most parts of the country in 2020, but there are still many pockets of affordability with homes available for less than $100,000. All in all, there were around 50,100 single-family listings across the U.S. in November, usually located in small or medium-sized cities or rural areas. But buyers are struggling […]

Planning to Buy a Home? EPM Offers Expert Advice to Help You Make the Right Choice



Are you ready to buy your first home? If the time has come to take that leap, there are a lot of things that you need to know. From fees to the process, it might all be a mystery to you right now. Luckily, you’ve come to the right place. Leading national lenders EPM share […]

Report: Refinance is helping to prevent foreclosures



CoreLogic says its research shows that low mortgage rates are helping to keep elevated delinquencies in check. “Our analysis of CoreLogic public records shows that more than one-half of all home mortgage loans created since the onset of the pandemic have been no-cash-out refinance,” Frank Nothaft, chief economist at CoreLogic, told Mortgage News Daily. “By […]

Black Knight: More than 19 million could benefit from refinancing



With mortgage rates still at record lows, many homeowners are in a position to save hundreds of dollars a month on their mortgage payments. Black Knight, a mortgage technology and data provider, said this week that it believes a record number of homeowners – some 19.4 million in all – are now eligible to refinance […]