With second mortgages like home equity loans and home equity lines of credit (HELOCs) growing in popularity lately, I figured it’d be prudent to talk… Read More »Can You Refinance a Home Equity Loan or a HELOC?
While the Los Angeles wildfires are still ongoing, some mortgage relief options are beginning to roll out. This morning, both Fannie Mae and Freddie Mac… Read More »Fannie, Freddie, FHA, and Chase Announce Mortgage Relief for LA Wildfire Victims
I saw his seemingly straightforward question posed and was surprised I’d never really addressed it. I’ve been writing about mortgages on this blog since 2006,… Read More »What Is the Downside of Getting a Mortgage?
Well, 2025 is off to a rough start with one fairly large mortgage lender calling it quits already. Ally Financial is reportedly done with mortgage… Read More »Ally Financial Calls It Quits on Mortgage Lending, Will Lay Off Staff
In the mortgage/real estate world there’s a saying: “Drive until you qualify.” It’s a cute way of saying if you can’t afford a home in… Read More »Should You Drive Until You Qualify for a Mortgage?
The Consumer Financial Protection Bureau (CFPB) has finalized a rule that will remove medical debts from consumer credit reports. In doing so, Americans’ credit scores… Read More »New Rule Removes Medical Bills from Credit Reports, Could Lead to 20K More Mortgage Approvals Annually
The popular 30-year fixed averaged 6.91% to begin 2025, per the latest Freddie Mac data. This means mortgage rates are now on par with 2001… Read More »Mortgage Rates Are Back at 2001 Levels
It’s no secret that the 30-year fixed was the best deal ever a few short years ago. Back in 2021 (and in surrounding years) you… Read More »Is the 30-Year Fixed Even a Good Deal Anymore?
Are You a Mortgagee or Mortgagor? It’s 2025 and it’s time for some fresh mortgage Q&A! Today’s question: “What is a mortgagee?” No, it’s not… Read More »What Is a Mortgagee? Hint: It’s Not a Typo Nor Is It Misspelled
Mortgage Q&A: “What is a lender credit?” If you’ve been shopping mortgage rates, whether for a new home purchase or a refinance, you’ve likely come… Read More »Lender Credits: The Opposite of Paying Points on Your Mortgage
