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
Should You Refinance? Make Sure the Timing is Right
Deciding whether or not you should refinance depends on your personal financial situation. If interest rates are lower today than they were when you first took out your mortgage, refinancing makes sense. more
Second Mortgages: Advantages and Disadvantages
A second mortgage is a loan taken out against the value of your property, in addition to your primary mortgage. These loans can offer great benefits, but they certainly come attached with some large risks as well. more
- FHA Eligibility with Bankruptcy and Foreclosure
- Low Down Payment Loan Qualification
- Appraisal Basics
- Short Selling a Rental Property
- How to Get Approved for an FHA Loan despite Bad Credit
- FHA Loans for a First-Time Home Buyer
- Home Equity Loans for People with Bad Credit
- 3 Warning Signs of Loan Modification Scams
- 3 Reasons Banks Reject Short Sales
- Alternatives to Getting a 2nd Mortgage
- What To Do When Mortgages Default
- 3 Common Short Sale Mistakes
- 3 Factors that Can Negatively Affect Your Mortgage Application
- What Lenders Don't Reveal About Home Equity Loans
The Mortgage101 Blog
Fannie Mae Predicts Another Slow Year in Housing Market
Home sales are likely to be relatively flat in 2012 compared with last year, according to comments from Fannie Mae’s Vice president and chief economist Doug Duncan. Even though there have been signs of mild improvement in the economy, and low interest rates and home prices have prevailed for years now, there is still little demand... more