Tagged : banking

Found 6 blog entries tagged as "banking".

bank__olegdoroshin_450zillow.com - Last year, homeowners recouped about $1.9 trillion in lost value, according to estimates from Zillow.  That put more equity in our hands, and in turn led to a return in home equity lending. Granted, we’re not at pre-crash levels in terms of total home equity lending, but as values continue to rise in 2014, albeit at a slower pace, lending will continue to rebound.

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interest__max5128_450money.cnn.com - Good news for homebuyers who don't have a lot of cash on hand: Banks are offering loans with down payments of just 5%.

After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan.

But now banks like TD Bank, Bank of America, and Wells Fargo are loosening the purse strings, offering loans with down payments that are as low as 5%.

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interest__max5128_450money.cnn.com - Good news for homebuyers who don't have a lot of cash on hand: Banks are offering loans with down payments of just 5%.

After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan.

But now banks like TD Bank, Bank of America, and Wells Fargo are loosening the purse strings, offering loans with down payments that are as low as 5%.

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Photo:  ©[Max5128]/123RF.COM

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houseonmoney__voronin76_450homes.yahoo.com - If you wanted to refinance your mortgage in the past, but couldn’t because your home was underwater (worth less than what you owe on your mortgage), you may be in luck.

According to a report from CoreLogic, a provider of consumer, financial, and residential property information, home prices nationwide increased 12.4 percent on a year-over-year basis in August 2013, compared to August 2012. This means your home's value may have risen without you even knowing it, and as a result, you may qualify for a refinance.

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Photo:  ©[voronin76]/123RF.COM

 

 

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money.cnn.com - Homebuyers may have enjoyed record low mortgage rates over the past year, but they were paying a pretty penny when it came time to close the deal.

Nationwide, closing costs averaged $2,402 over the past year, up 6% from $2,264 in 2012, according to a survey by Bankrate.com. The estimates were based on a $200,000 mortgage for buyers with good credit and a 20% down payment.

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housingwire.com - Mortgage rates, which remained unchanged for the most part in October showed a slight increase this week according to Freddie Mac’s primary mortgage market survey.

The 30-year FRM averaged 3.34%, bumped slightly from last week’s average 3.32%.

Additionally, the 15-year FRM showed only a slight increase this week, averaging 2.67% compared to 2.64% reported last week.

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