Mortgage Industry News
Navy Federal Credit Union Wins MBA’s Residential Educator Award
Navy Federal Credit Union is the world’s largest credit union with $165.2 billion in assets and 13 million members. Continue Reading Navy Federal Credit Union Wins MBA’s Residential Educator Award
MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
“This madness must stop before it’s too late,” he said. Continue Reading MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
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
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...
How much mortgage interest can you deduct on your taxes?
Source: CBS News --- Everyone wants to save on taxes, and one of the best ways is to maximize every possible deduction. The mortgage interest deduction used to be a mainstay for consumers, but the past few years have changed that. Some homeowners may be better off...
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