Items Tagged with 'Down payment'

ARTICLES

  • Employers can now contribute to their employees’ down payments, just like a 401(k)

    HomeFundMe, a crowdfunding down payment site, expands
    Many employers offer a number of benefits as a way to entice new employees to join the company, including health insurance, paid time off, and contributions to the employees’ 401(k) account. While employees may not see the benefits of their 401(k) until they retire, employers can now offer a new benefit that employees will be able to use much sooner – help with a down payment on a house.
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  • State of U.S. interest rates, broken down by credit scores

    Here are the interest rates for those less-than perfect scores
    The last report from Freddie Mac shows the average 30-year fixed-rate mortgage interest rate came in at 3.95%, but what about for borrowers with less-than-perfect credit scores? LendingTree recently conducted a study which analyzed the actual rates lenders offered to borrowers to see the average interest rate broken down by credit scores.
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  • Down payment insurer ValueInsured raises $6.5 million to fund growth

    Funding led by Everest Re Group, Houston International Insurance Group
    ValueInsured, a company that provides down payment insurance for borrowers, announced Wednesday that it raised $6.5 million to fund the company’s growth. Through ValueInsured's +Plus down payment insurance program, borrowers pay a premium to ValueInsured in exchange for having their down payment insured against a downturn in the housing market should they decide to sell their home.
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  • Stearns Lending begins offering $1 million+ loans with only 10% down

    Loans also do not require mortgage insurance
    Last week, Stearns Lending announced that is was expanding by acquiring the mortgage production channels of Primary Capital Mortgage. On Wednesday, Stearns Lending announced another expansion, but this one isn’t an acquisition. Rather, Stearns is expanding its loan offerings to include a new mortgage offering for borrowers looking for million-dollar houses.
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  • Genworth: First-time homebuyers just don’t understand down payments

    Top factors blocking first-time homebuyers
    A new survey of mortgage industry executives conducted by Genworth Mortgage Insurance breaks down what the industry believes is blocking new buyers from the housing market. To no surprise, the seemingly unattainable 20% down payment for first-time homebuyers continues to be one of the biggest barriers into homeownership. Here’s what else the survey found.
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  • MGIC: Should borrowers wait to save 20% down or buy now?

    Here’s the math to find out
    Down payments are commonly cited as one of the most misunderstood parts of the home-buying process, as potential homebuyers hold off shopping until they can put 20% down on a home. A new calculator from MGIC helps solve this problem. Home shoppers can use the calculator to see if they should buy now or wait.
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  • Key to Millennial homeownership: Education

    UWM says mortgage industry should do more to educate first-time homebuyers
    A new study from United Wholesale Mortgage shows Millennials want to enter the housing market, but don’t know that they can. UWM explained the market needs to step up its game when it comes to first time homebuyers.
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  • Here’s how first-time homebuyers in U.S. stack up to their Canadian neighbors

    U.S. falling behind when it comes to down payments
    First-time homebuyers in Canada and the U.S. both seem to be putting off buying a home amid rising home prices. However, the similarity between the two countries ends once these first-time buyers decide to make their purchase. While homebuyers in the U.S. are increasingly looking to lower down-payment options, down payment amounts in Canada reached an all-time high.
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  • Here are the top 5 trends in real estate over the past 35 years

    A look back at real estate from Realtors
    Thirty-five years ago the housing market looked drastically different, with the word "internet" nowhere to be found and people laughing at the thought of getting less than a 4% mortgage rate. In anticipation of the National Association of Realtors' 2016 survey release on Oct. 31, NAR identified five noteworthy real estate trends since the survey’s inception.
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