Mortgage Industry News

Step-by-Step Guide on How To Buy a House in 2023

Step-by-Step Guide on How To Buy a House in 2023

Source: MSN --- Buying a home is an integral part of the American dream. There's something special — almost sacred — about the idea of owning your own property where you can raise kids and grow old with your spouse before passing on that property to your descendants....

Why First-Time Homebuyers are Avoiding FHA Loans

Why First-Time Homebuyers are Avoiding FHA Loans

Source: Yahoo! Finance --- For many years, homebuyers seized upon the option to purchase their first house with a loan backed up by the Federal Housing Administration (FHA). This allowed them to put down as little as 3.5% of the total cost upfront, which meant owning...

Your 2023 Guide to Low-Down-Payment Mortgages

Your 2023 Guide to Low-Down-Payment Mortgages

Source: The New York Times ---  It’s a perennial question for would-be home buyers: How can I possibly come up with such a huge down payment? The short answer, usually, is you don’t have to. Most first-time home buyers (and even many repeat buyers) don’t have the 20...

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