According to a report from the Federal Reserve Bank of New York, Americans have $12,35 trillion in home loan debt, accounting for 72,4% of all consumer debt in the country. With so much debt associated with decades-long mortgages, many borrowers are unfortunately leaving…
A young couple rushed to buy a house for $730, but now they can't sleep at night. About the checklist of 5 points that will help you find out if you are really ready to buy a house, says Yahoo. Ramit Sethi doesn't think buying a home...
Renting has skyrocketed across the country in recent years, as have mortgage rates. But there are 4 major cities in the United States where it can be more profitable to take a house on a mortgage than to rent, according to TheHill. When it comes to big cities...
A higher credit score can provide a good interest rate when you take out a mortgage or car loan. Usually, an average FICO score is not enough to get the best mortgage rates, writes Time. "You should never aim for an average"...
Imagine being approved for a mortgage on your dream home without having to make a down payment or have a specific credit score. This could become a reality for borrowers in 21 cities after Bank of America announced a new mortgage...
According to Value Penguin, the average monthly cost of a mortgage in the US is $1492 per month. As such, it tends to be one of a person's biggest expenses, according to the Entrepreneur. If you want to reduce this monthly payment faster, you can implement several…
A Seattle couple sold their home to live on cruise ships because it's cheaper than paying a mortgage, Insider reports. With just one suitcase each, the Seattle couple left their home and job to live on cruise ships…
A mortgage is a fairly long-term loan. Sometimes it happens that the borrower dies before the final payment. What should children or relatives do in this case and is it possible to renew the mortgage on themselves in order to live in peace in the house, Fox told the publication ...
The woman described how opening a credit card store at Home Depot destroyed her credit score and jeopardized her chances of buying a home after she forgot about the $ 9 paint fee. The Daily Mail reported in more detail. ...
A record 19,4 million homeowners in the US can now make significant savings from mortgage refinancing as rates hit new lows. More details were told by CNBC. The average interest rate on the popular fixed 30-year mortgage has already set record declines 13 times this year. ...