A natural practice for most of the population is loans. Even with relatively high salaries and a stable financial situation, residents of large and small cities acquire the bulk of things on credit. Demand creates supply: all banks, large and small financial organizations, developers offer their own lending option on the most favorable terms. Such
Bank of America announces $0 origination fees for low-income borrowers
As lenders struggle with the impact of reduced home sales on the mortgage business, some banks are coming up with new ways to make their offerings more attractive to borrowers. The Bank of America for example, recently said it would give “eligible borrowers” up to $10,000 to be used towards their down payment or closing
Don’t worry about adjustable-rate mortgages, experts say
Housing analysts have raised concerns that borrowers are becoming increasingly reckless when taking out so-called adjustable-rate mortgages, similar to the way they were abused in the years before the Great Recession more than a decade ago. The problem is that borrowers are asking for much higher loan amounts than they have been in recent years.
5 Tips to Obtain a Home Construction Loan
A home construction loan might be for you if the current residential market isn’t meeting your needs. Building your own home beginning with the site selection up
The top 10 easiest cities to secure a mortgage in the U.S.
It’s not easy securing approval for a mortgage these days, especially if you’re one of the millions of Americans that lacks a decent credit score
4 Ways Your Credit Score Impacts Your Home Buying Experience
Let’s take a look at why your credit score can make a difference in how you work through the process of trying to buy a home.
Many renters wrongly believe they can’t buy a home
A new survey by Bankrate.com has found that almost half of renters haven’t looked into buying a home because they believe they won’t qualify for a mortgage, but that isn’t always true, the company says.