Among questions for mortgage lenders, this one is important. The two basic types of mortgages are fixed and variable rate. A ...

THE Mortage Man, Joe Gross and Stephanie Dickerson with Encore Lending Group share some important information for home buyers ...

Hawaii renters with low or moderate incomes have a new opportunity to become homeowners under a revived state program ...

FHA loans are available to any borrower who meets the eligibility criteria, while VA loans are available only to active-duty ...

Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.25%, down 0.30% from the previous week, according to the ...

Research has shown that FHA buyers have been intentionally excluded from the housing market in the past. What's surprising is that the bias against FHA borrowers has persisted even in today's buyer's ...

Conventional loans which are resold to Fannie Mae only allow buyers' DTI to go up to 50% - meaning that no more than 50% of their gross monthly income should be allocated to their total monthly debt ...

Another common misconception about reverse mortgages is that your heirs won’t be able to inherit your home after you are gone. But there is nothing in reverse mortgage loan documents that excludes ...

When refinancing, lenders want to hear your goals clearly. Be ready to explain whether you want lower payments, cash out or a new loan type.

NRMLA sent HUD and FHA a detailed letter urging lower upfront MIP, HMBS index changes and new liquidity options for reverse ...

Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Retention was highest among FHA and VA mortgages (36%), trailed by GSE (25%) and portfolio-held ...