What Are Typical Mortgage Down Payments?
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
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Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
What Lenders Don't Reveal About Home Equity Loans
It is important to understand the truth about home equity loans so that you don't run into future problems. Lenders may not tell you the entire story when you seek to borrow on the equity of your home. Before you consider taking this step, consider the following information about home equity loans. more
FHA Loans for a First-Time Home Buyer
FHA (Federal Housing Administration) loans are popular with first-time home buyers. FHA loans are easier to get and have some advantages over conventional mortgages. more
- What To Do When Mortgages Default
- Appraisal Basics
- Second Mortgages: Advantages and Disadvantages
- Should You Refinance? Make Sure the Timing is Right
- 3 Reasons Banks Reject Short Sales
- 3 Common Short Sale Mistakes
- How to Get Approved for an FHA Loan despite Bad Credit
- Home Equity Loans for People with Bad Credit
- FHA Eligibility with Bankruptcy and Foreclosure
- 3 Warning Signs of Loan Modification Scams
- Low Down Payment Loan Qualification
- Alternatives to Getting a 2nd Mortgage
- Short Selling a Rental Property
- 3 Factors that Can Negatively Affect Your Mortgage Application
The Mortgage101 Blog
FHA Accused of Taking on Too Much Mortgage Risk
During the housing boom, mortgage lenders lowered their lending standards, allowing borrowers with little or no down payments and even undocumented income to buy homes they otherwise couldn’t afford. Now some are wondering if the U.S. Federal Housing Authority is being just as reckless. The FHA, a popular backer with first-time and lower-income buyers, currently allows... more