50-Year Mortgages? Here’s What You Need to Know
A New Idea: 50-Year Mortgages
According to a recent Forbes report, the Trump administration says it’s exploring the possibility of 50-year mortgages as part of a plan to make monthly housing payments more affordable.
It’s an eye-catching headline — a mortgage...
9 Budget-Friendly Home Upgrades
You don’t need to knock down walls or spend a fortune to refresh your home. Small, affordable updates can make a big difference in how your home looks and feels—whether you’re staying put or preparing to sell in the future.
If you’re looking for ways to enhance...
Fannie Mae’s Big Update: You May Qualify Even With a Credit Score Below 620
What’s Changing
Fannie Mae — one of the two major agencies that back conventional mortgages — just made a major update to its Desktop Underwriter (DU) system, the automated tool lenders use to approve home loans.
Until now, most conventional loans required a...
What’s Going On With Mortgage Rates? (Explain-It-to-a-5th-Grader Version)
The 5th-Grader Version
Think of mortgage rates like the price of a bus ticket.
The bus company (the bond market) sets the ticket price based on how many people want a seat and where the bus is headed.
The Fed doesn’t set the bus ticket directly. It makes announcements that can...
6 Gardening Tips to Improve Your Yard and Boost Curb Appeal
A beautifully maintained yard adds charm to your home and can even increase its value. With warmer weather on the horizon, now is the perfect time to refresh your outdoor space! Whether you’re an experienced gardener or a total beginner, these six tips will help you transform your...
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