If youâre thinking about renting your next home instead of buying, consider the pros and cons of the decision.
Mortgage-backed securities are bond-like investments made up of a pool of mortgages. When you purchase a mortgage-backed security, youâre buying a small portion of a collection of loans that a government-sponsored entity or a financial institution has packaged together for sale. Investors may refer to these loans as MBS, which stands for mortgage-backed securities. Investing […]
The post Mortgage Backed Securities, Explained appeared first on SoFi.
Data show delinquencies remained near all-time lows in Q4 2020, due in part to hardship programs enacted by financial institutions and the government. Experts weigh in on whatâs to come in 2021.
Loyalty? Not in the mortgage business. That is, if you actually want to save money on your home loan. A few years back, an HSBC survey revealed that 52% of U.S. homeowners âswitched providersâ (sorry, theyâre British) when obtaining subsequent mortgages. This was mainly driven (53%) by the desire to get a better deal, aka [&hellip
The post Why You May Want to Switch Mortgage Companies first appeared on The Truth About Mortgage.
If youâre nearing the end of your unemployment benefits, donât worry. Here are your options for what to do when your unemployment runs out.
The post How to Prepare for the End of Your Unemployment Benefits appeared first on Discover Bank – Banking Topics Blog.
You may have come across one of those articles lately that talks about how a couple paid off their mortgage in five years. Or some other absurdly-fast timeline. While it also sounds super enticing and perhaps inspiring, it’s often just a feel-good story that may not actually make a lot of sense financially. At least [&hellip
The post Why Does Everyone Want Us to Pay Down Our Mortgages? first appeared on The Truth About Mortgage.
Name:Â Chris V. Year: 2004 City:Â Kapolei Occupation: Army Age:Â 21 Salary:Â $20,000 + $1,300 a month housing allowance Home Price:Â $160,000 Chris and his wife, Nichole, had only been married for a couple of years when they bought their first home in 2004. Like most young couples, they didn’t have enough income for a giant mortgage or […]
The post My home buying story: How VA loans helped this service member buy a home appeared first on Trulia's Blog.
Spouse Has Bad Credit? How It Affects You It wasnât until a few months after my husband and I got married that I decided to check both our credit scores. While my husbandâs credit score wasnât horrible, it certainly didnât…
The post Spouse Has Bad Credit? How It Affects You. appeared first on MintLife Blog.
If youâve been researching mortgages, or are in the process of taking out a home loan, youâve probably come across the term âimpoundsâ or âescrows.â When you hear these seemingly scary words, the loan officer or mortgage broker is referring to an impound account, also known as an escrow account. You may even be told [&hellip
The post Mortgage Impounds vs. Paying Taxes and Insurance Yourself first appeared on The Truth About Mortgage.