Mortgages and Advice – Page 16

Can You Get a Loan for a Mobile Home? | Mortgages and Advice

4Jul

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Can You Get a Loan for a Mobile Home? | Mortgages and Advice

Mobile homes can provide the stability and comfort of a traditional home but at a much lower price. The catch? Financing a mobile home can be more difficult than taking out a regular mortgage. Here's what you need to know if you want a mobile home loan. What Are Mobile Home Loan Requirements?If you want a mortgage for a mobile home, it must qualify as real property and not personal property. Real property refers to land and permanent structures, while personal property pertains to movable items. "When approaching the purchase of a mobile home, you first need to determine whether it's on a permanent foundation," says Matthew Yu, senior vice president of loans and investments at real estate lending and investment firm Socotra Capital. The traditional loan programs have options as long as th...

3Jul

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Best Home Improvement Loans of 2023

What Is a Home Improvement Loan?A home improvement loan is financing you use to pay for home repairs and enhancements. When you get a home improvement loan, you use the loan funds to pay your contractor or buy supplies to complete the work, then pay the loan off over time. A home improvement loan is helpful if you don't have cash to pay upfront for home improvement expenses.Home equity loans and personal loans are the most common types of home improvement loans, but there are other options, such as cash-out refinancing. Banks, credit unions and online lenders may offer home improvement loans.Find the Home Equity Lender That’s Right for YouWhat Are the Different Types of Home Improvement Loans?The type of loan you choose will depend in large part on the scale of your home improvement proje...

Mortgage Rates (and Home Prices) Rebound Higher | Mortgages and Advice

3Jul

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Mortgage Rates (and Home Prices) Rebound Higher | Mortgages and Advice

Mortgage rates jumped higher this week, with the 30-year rate increasing seven basis points to 7.15%. Fixed rates increased across the board, while adjustable mortgage rates decreased or stayed about the same.Here are the current mortgage rates, without discount points unless otherwise noted, as of June 29: 30-year fixed: 7.15% (up from 7.08% a week ago). 20-year fixed: 7.24% (up from 7.08% a week ago). 15-year fixed: 6.58% (up from 6.52% a week ago). 10-year fixed: 6.74% (up from 6.61% a week ago). 5/1 ARM: 6.1% (down from 6.12% a week ago). 7/1 ARM: 6.23% (up from 6.22% a week ago). 10/1 ARM: 6.43% (down from 6.45% a week ago). 30-year jumbo loans: 7.22% (up from 7.15% a week ago). 30-year FHA loans: 6.27% with 0.05 point (up from 6.19% a week ago). VA purchase loans: 6.53% wi...

26Jun

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AmeriSave Mortgage Loans Review 2023

2023 Award Winner: Best Mortgage LenderAmeriSave Mortgage is an online lender that outshines many traditional banks with its competitive mortgage rates and wide array of mortgage products, from FHA loans to cash-out refinancing and everything in-between. Plus, AmeriSave offers a variety of repayment terms, making it an ideal choice for those who want an unconventional loan length (such as 10, 20 or 25 years) or an adjustable-rate mortgage.Find Top Mortgage Lenders Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit ScoreWhat Types of Mortgage Loans Does AmeriSave Offer?AmeriSave offers a wide selection of home loans and home refinancing options. New home loans include conventional lo...

Farmers Bank of Kansas City Mortgage Review | Mortgages and Advice

23Jun

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Farmers Bank of Kansas City Mortgage Review | Mortgages and Advice

Find Top Mortgage Lenders Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit ScoreFarmers Bank of Kansas City is a branch of Farmers Bank & Trust. While it started with a focus on agricultural lending, today it offers a range of lending products, including home and business loans.What Types of Mortgage Loans Does Farmers Bank of Kansas City Offer? Farmers Bank of Kansas City provides the following type of home purchase loans: Fixed-rate loans. Adjustable-rate loans. Federal Housing Administration Loans. Department of Veterans Affairs loans. Jumbo loans. In addition to home purchase loans, the bank also provides refinance loans, including both rate-and-term refinancing and c...

PenFed Credit Union Mortgage Review 2023

22Jun

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PenFed Credit Union Mortgage Review 2023

Find Top Mortgage Lenders Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit ScoreWhat Types of Mortgage Loans Does PenFed Credit Union Offer?Borrowers looking to buy a home, refinance a mortgage or tap equity will find many options, including: Conventional fixed-rate loans. Adjustable-rate mortgages. VA loans, including "streamline" refinancing. Federal Housing Administration loans. Power Buyer program combining preapproval and a rate lock. First Time Home Buyer Advantage program. Home equity lines of credit, also known as HELOCs. Jumbo loans. Rate-and-term or cash-out refinancing loans. How Does PenFed Credit Union Work?If you are ready to apply for a loan, locate the...