For most people, buying a home is the largest financial decision they’ll make in their lifetimes. It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what
United Wholesale Mortgage will accept bitcoin for home loan payments
August 20, 2021 by
United Wholesale Mortgage has said it intends to let homeowners pay off their mortgages in bitcoin later this year. The company, which went public last January via a special purpose acqusition merger, said this week it intends to accept “cryptocurrency” as payment for home loans. Detroit Free Press, which first reported the story, said UWM
Experts warn against blindly accepting mortgage forbearance
April 21, 2020 by
Left unable to work due to the coronavirus pandemic, around 2 million American homeowners have sought to apply for mortgage forbearance from their providers. But experts warn that they should look closely at the terms they’re offering, or they could be in for a nasty shock in the months to come. The problem is that
The hidden costs of homeownership add up to $9K a year, study finds
August 23, 2018 by
Homeowners will pay around $9,390 per year on the hidden costs associated with homeownership, according to a new analysis by Thumbtack and Zillow.
5 Tips for lowering your monthly mortgage payments
December 13, 2016 by
Acquiring a mortgage is undoubtedly one of the biggest financial decisions you’ll ever have to make in your lifetime, therefore finding the home loan that fits your needs should be your primary concern. Consider these 5 tips to lower your monthly mortgage payments, which can allow you to save thousands over the course of your
Fannie Mae Report Finds Higher Mortgage Rates Won’t Affect Recovery
July 29, 2013 by
According to a new report from Fannie Mae, the recent rise in mortgage rates is unlikely to have any significant impact on home prices. Researchers for Fannie Mae looked at mortgage rates going back more than 20 years, and found that although rising mortgage rates may affect the number of sales, they were unlikely to impact house prices.
Mortgages Become More Affordable in Scotland
January 22, 2013 by
Reduced mortgage rates and decreasing house prices in Scotland have led to a significant improvement in mortgage affordability, according to new research released by the Bank of Scotland. Mortgage payments as a proportion of income have dropped by over two fifths in recent year from the record 38% level reached in the fourth quarter of 2007.
Zillow® Releases New Zillow Mortgage Marketplace App for iPad®
November 15, 2012 by
In case you haven’t heard, Zillow® just launched the new Zillow Mortgage Marketplace app for iPad® towards the end of last month. The new app, which is free for iPad owners, was specifically programmed for the iPad because of the product’s multiple interactive, multi-touch screen capabilities that are available to Apple users. The purpose behind
Understanding The Mortgage Settlement
February 13, 2012 by
Last week’s big mortgage settlement between states, the federal government and America’s five biggest banks was the largest of its kind in history, amounting to some $25 or $26 billion. Unsurprisingly, the question on everybody’s lips now is, who is eligible and how will they benefit?
How Foreclosure Scammers Trick Homeowners Out Of Their Cash
December 13, 2011 by
While the news that the foreclosure rate in the US finally seems to be slowing might be welcome, the number of scams designed to exploit vulnerable homeowners shows no such signs of abating just yet. Therefore, reports Fox Business, homeowners are being advised to be wary of any companies making foreclosure assistance offers that seem
