Minimize Risk if Co-Signing a Mortgage – Helping family is noble, but co-signing a mortgage creates a lot of risk
Helping family is noble, but co-signing a mortgage creates a lot of risk. Properties co-owned by a non-spouse should have a written co-ownership agreement in place. FORT LAUDERDALE, Fla. – Question: My sister has bad credit but a good job and wants to buy a house. I have strong credit but a modest salary.
Average 30-Year Mortgage Rate Drops to 3.57% It’s down from last week’s 3.65% and has increased buyer demands, says Freddie Mac, with “much of this strength coming from entry-level buyers.’ MCLEAN, Va. – All mortgage rate averages declined this week, with the average 30-year fixed mortgage dropping 8 basis points to 3.57%. Last
It’s Here: Mortgage Rule Opens Door to Thousands of Condos Buyers found a condo they loved only to find that it doesn’t qualify for a federally backed mortgage? Try again tomorrow. New rules that open more condos and complexes to FHA loans go into effect on Oct. 15 – a break in condo-heavy Fla.
TALK TO A HOUSING COUNSELOR Want advice on buying a home, renting, default, foreclosure avoidance, credit issues or reverse mortgages? HUD sponsors housing counseling agencies throughout the country to provide free or low cost advice. Search online for a housing counseling agency near you, or call HUD’s interactive voice system at: (800) 569-4287. If
Thinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors! Need Help? 1. Figure out how much you can afford What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. Home Economics Homebuying programs in your state
LET FHA LOANS HELP YOU The Brewer family smile proudly in front of their new home FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
The Fed’s anticipated interest-rate cut and other events, such as the U.S.-China trade war, helped push mortgage rates lower last week. WASHINGTON (AP) – U.S. long-term mortgage rates fell this week, edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate at their meeting next week.