While it might sound too good to be true, BancorpSouth out of Tupelo, Mississippi has a mortgage with virtually no fees and no down payment… Read More »BancorpSouth Has a No Fee 100% LTV Mortgage That Doesn’t Require Mortgage Insurance
It appears the pesky down payment hurdle to homeownership is finally being swept aside. This week, Fifth Third Bank out of Cincinnati, Ohio announced the… Read More »Fifth Third Bank Offering No Down Payment Mortgage
Here’s yet another post on the rent vs. buy argument, one that never seems to go away. I’ve written extensively on the pros and cons,… Read More »Is It Actually a Good Thing That a Home Is an Illiquid Asset?
More than two dozen trade groups have called for the reduction or elimination of loan-level pricing adjustments (LLPAs) on Fannie Mae and Freddie Mac loans,… Read More »25 Trade Groups Call for Elimination of Loan-Level Pricing Adjustments
While U.S.-based mortgage lenders (and borrowers) are expected to benefit from Brexit via lower mortgage rates, the opposite might be true across the Pond. Over… Read More »UK Mortgage Lenders Offering 0.99% Mortgage Rates
Bye Bye Britain Well, the unthinkable happened early this morning (or late last evening depending on where you live). The UK voted to leave the… Read More »Brexit vs. Mortgage Rates: How Low Might They Actually Go?
If you didn’t hear the news, LeBron James and his Cleveland Cavaliers won the NBA championship. It’s pretty amazing because they did so after being… Read More »A Bank Is Offering Discounted Mortgage Rates Because Cleveland Won an NBA Championship
This seems to be a theme lately – super low or no down payment mortgages. The latest of these not-so-novel loan programs comes courtesy of… Read More »Guaranteed Rate Launches 1% Down Payment Mortgage Program
It feels a little like 2006, but it’s entirely different, or so they say. A lender by the name of Quontic Bank based out of… Read More »There’s a New ‘Lite Doc’ Loan in the Mortgage World
I had a nice little Sunday yesterday, strolling around a beach city south of Los Angeles with some friends of mine who were visiting from… Read More »Borrowers with Mortgage Rates of 4.25% and Below Less Likely to Sell Their Homes
