What Do Lenders Have To Tell You About Your Real Estate Loan? Federal “disclosure” forms define the information that creditor businesses MUST provide to consumers applying for real estate loans.
Not all loans are approved. And even when they aren’t approved immediately, it doesn’t have to be the end of your real estate dreams.
You may be wondering what PMI is and how you know when you need to purchase it.
Below is the short version of what you need to know.
According to the Federal Reserve’s quarterly Senior Loan Officer Survey, it’s getting easier to get approved for a home loan.
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending standards.
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
30-year fixed rate mortgage rates have now dropped through 5 consecutive weeks, and in 11 of the last 12 weeks.
Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year.
For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows.
The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready for additional monetary stimulus.