[ad_1] Key Takeaways: There are many reasons why an underwriter may deny your mortgage loan, such as a low income, an unsatisfactory credit history or a recent change in employment. If an underwriter denies your mortgage loan, try going to a smaller lender or addressing the issues that caused the denial in the first place….
[ad_1] What Are Current Mortgage Rates? Mortgage rates crept higher across the board this week, with the average 30-year fixed rate increasing, slightly to 6.81%, according to the Mortgage Bankers Association. Mortgage interest rates are forecasted to decline somewhat throughout 2024, as the Federal Reserve projects rate cuts will begin sometime this year. Here are…
[ad_1] Key Takeaways Refinancing a rental property can help reduce your monthly payment and even the total cost of your loan. Cash-out refinancing can turn your rental property’s equity into cash that you can use for a variety of purposes. Refinancing a rental property often requires stricter qualifications than the original mortgage, including a higher…
[ad_1] A number of local, state and federal programs offer eligible teachers discounts on homes and attractive mortgage terms. The Good Neighbor Next Door program, for example, sells homes for 50% off the appraised value. Other programs offer down payment assistance, homeownership grants and mortgage credit certificates. However, these programs are not always easy to…
