According to a recent Bloomberg article, home loan applications in the US fell last week by the most since February, defying efforts by President Barack Obama’s administration to revive the sluggish housing market. The Mortgage Bankers Association’s index of applications to home purchase loans or mortgage refinancing declined 19% to 444.8 in the week ended [...]
Interest rates are low but if you are a first-time buyer, is the situation is different? Do you have enough cash for a down payment — at least 3.5 percent for a Federal Housing Administration loan, as much as 20% for a conventional mortgage or FHA home loan. — plus closing costs? Bad credit home [...]
If you believe you’re old enough and have a secure job, but you are nervous, but you feel ready to take that huge leap into the real estate market. Financing your 1st home can be difficult. You don’t have home equity in an existing home to apply toward a down payment. Not to worry though. Everyone who has [...]
