Does buying a home with no money down — or 6 percent down or less — sound too good to be true? 60 percent of first-time homebuyers do it this way. That’s right. The Los Angeles Times reports, “The 20 % mortgage down payment is all but...
It can be hard to know if you are getting a good deal on your loan. Here is everything you need to know about amortization and loans, so you’ll never pay too much. What is loan amortization? Despite the technical name, an amortized loan is a common loan type...
We’ve all heard of Fannie Mae, but who is she? In a nutshell, “she” is an American government-sponsored enterprise (GSE) that specializes in housing loans and secondary mortgages to potential homebuyers. Her proper name is the Federal National...
Fintech, or financial technology, is revolutionizing the homebuying process by making it easier than ever to secure loans online. According to this report from Forbes, people will become more accustomed to automated transactions in 2018 and beyond. This will open a...
Many of us are accustomed to mobile banking using smartphones. According to one survey, 84 percent of Americans feel more in control of their financial lives when using mobile technology for personal finance. The next logical step in the evolution of mobile technology...
The concept of a mortgage, in its modern form, is relatively recent, dating to the early-20th century or thereabouts, and has evolved into an industry replete with many online mortgage companies. But the financial instrument underlying the mortgage concept is itself...
