Mortgages

Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is the Better.com, a mortgage lending fintech. Background Launched in 2016, the New York-based fintech digitizes the mortgage financing process from start...

The word “term” is not always clearly understood when it applies to a mortgage. Mortgages come with “terms and conditions,” along with other legal mortgage terminology that's important to understand. A mortgage term specifically relates to the number of payments and...

When it comes to where you want to live or can afford to live, you have many options. For one, you can decide which city, state and even country where you want to live. But that’s only the beginning of your choices. If you want to first try living in different places, you can rent and...

You’ve saved up for a down payment for a couple of years. You’ve looked at a dozen or more houses. You’ve gone through the loan approval process and much more. Finally, it’s all come together for you to close the deal in a couple of days. When you receive instructions to...

LendingTree (NASDAQ: TREE) shares are trading over 2% higher Friday afternoon. The price of mortgage rates hit an extreme low. The current rate in Michigan for a 15-year loan is 3.09%. The 10-year treasury yield fell to 1.50% as global recession fears grow. LendingTree shares are trading at $311.76...

Every homeowner needs to have a full understanding of their PITI. Principle, interest, taxes and insurance make up the core of most, but not all, of your mortgage payment. Some mortgage payments include more than the basic PITI. For instance, it’s not uncommon for first-time buyers...

How well do you understand your monthly mortgage bill? If you have a mortgage, you need to understand PITI, or Principal, Interest, Taxes and Insurance. Or if you’re shopping for a home, you want to know your estimated PITI so you know your mortgage is affordable. The bottom line is that...

You hear a lot about the down payment required to buy a home, but closing costs are also a significant consideration. You can’t eliminate all or even most of these costs, but there are steps you can take to reduce them. You can do this by understanding how much closing costs amount to...

Not every home improvement adds equity to your home value immediately. If you’re about to drop $45,000 on a new gourmet kitchen, your own pleasure in that kitchen should be at least as valuable to you as what it does to increase your home equity. The Hanley Wood Construction Industry Database...

Owning your home comes with many great benefits. It certainly is the biggest asset for most people. Building equity through appreciated value is a lot like having a savings account — savings that are available to you as a cash-out refinance. This is nothing new; homeowners have always been...

House values rise and fall, the housing market builds and crumbles — and what do homeowners do? We continue buying and selling houses. When it comes to a short sale, you may think you’re getting a great deal for a house. But you need to be cautious. It’s important to recognize the...

Are you considering refinancing your mortgage? Before you make any decisions, you need to make sure you avoid some of the mistakes most commonly made in this process.   What Is A Refinance? Refinancing your mortgage means getting a new loan for your home. People pursue a refinance because of...

Buying your first home should be an exciting and wonderful experience. It is also a big undertaking that can lead to expensive but avoidable mistakes. Since you’ve never been through the process before, it can be intimidating and you can quickly feel overwhelmed. Fortunately, the real estate...

The first-time home buyer often faces challenges not seen by people who have previously owned a home.  Saving for a down payment is a big one. Not having a stable work history is another. Another is having little or no credit history. The good news is that it’s possible to...

Are you trying to figure out a way to buy that house, but you're worried about getting your mortgage approved? The following are five ways for you to make that dream a reality while also obtaining the best possible rate. 1. Check Your Credit Score Before you start to consider applying for a...