Mortgages

Our Credit.com experts are here to help you better understand mortgages so that you can make smarter home loan decisions. Find out what you should consider when shopping for a home loan, plus ways to get the best rates & deals. Learn how to approach re-financing, foreclosures and short sales. Understand how mortgage decisions can affect your credit score.

How Buying a Home Can Come Back to Haunt You

How Buying a Home Can Come Back to Haunt You

How Buying a Home Can Come Back to Haunt You

If you think your pricey Halloween costume is going to set you back, just wait until you see how many costs come with buying a home. Buying a property is likely the largest financial decision you will make in your life and it’s important to do so thoughtfully. From how much house you can afford to which… Read More

Can You Still Refinance Your Mortgage?

Can You Still Refinance Your Mortgage?

Can You Still Refinance Your Mortgage?

Two weeks ago, the 30-year fixed-rate mortgage rate hit a 2014 low at 3.97%, according to Freddie Mac’s weekly mortgage rates survey. But late last week, the average rate had dropped to 3.92%. We’re seeing mortgage rates at historic lows, even after experts projected rates to rise significantly in 2014, and homeowners have taken notice. “Homeowners… Read More

5 Things Homebuyers Should Do Right Now

5 Things Homebuyers Should Do Right Now

5 Things Homebuyers Should Do Right Now

Have you decided it’s time to buy a home? Before you start popping in at open houses, or searching for your dream home online, there are a few essential make it or break it tasks you’ll need to tackle. After all, if you fall in love with a home, you want to know whether it’s… Read More

A Simple Timeline for Buying a Home

A Simple Timeline for Buying a Home

A Simple Timeline for Buying a Home

Buying a home is among the biggest financial decisions you will make. Being educated about the homebuying process is the best way to ensure you are doing it right. There are plenty of tools and articles available to help, but sometimes you need to see the steps laid out to fully grasp what you are getting… Read More

The Most Important Factors to Selling Your Home

The Most Important Factors to Selling Your Home

The Most Important Factors to Selling Your Home

The housing market has experienced plenty of highs and lows throughout the past decade, and, luckily, we are experiencing a resurgence in home values. With home values on the rise and interest rates remaining low, this could be a great time to put your house on the market in many parts of the country. There… Read More

It Might Be Getting Easier to Get a Mortgage With Little Money Down

It Might Be Getting Easier to Get a Mortgage With Little Money Down

It Might Be Getting Easier to Get a Mortgage With Little Money Down

Melvin Watt, director of the Federal Housing Finance Agency, announced Monday plans to increase mortgage access to borrowers with good credit but limited funds available for a down payment. In a speech at the Mortgage Bankers Association annual convention in Las Vegas, Watt said the FHFA would issue guidelines for making lending to consumers who can… Read More

3 Credit Card Strategies That Could Help You Buy a Home

3 Credit Card Strategies That Could Help You Buy a Home

3 Credit Card Strategies That Could Help You Buy a Home

Your ability to purchase a home with a mortgage depends on how much net income you have after all monthly debts. If your debt payments absorb your income, particularly credit card payments, you may have to put the brakes on the mortgage application. Most homebuyers realize in order to purchase a home they need at… Read More

Mortgage Rates Dip Below 4%

Mortgage Rates Dip Below 4%

Mortgage Rates Dip Below 4%

People thought it wouldn’t happen this year, but it did: Average 30-year fixed mortgage rates dipped below 4% last week, hitting their lowest level in 2014, Freddie Mac said in a news release. The 30-year fixed-rate mortgage averaged 3.97% last week, down from 4.12% the week prior and 4.28% the same time last year. That… Read More

How to Avoid Paying Too Much for a New Home

How to Avoid Paying Too Much for a New Home

How to Avoid Paying Too Much for a New Home

We all know buying a home is a big decision with its own set of challenges. The most difficult part usually comes first — calculating how much house you can afford. You will want to take a look at your free annual credit reports and credit scores too, since your credit scores are a major factor in the interest… Read More

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