Bank of America announced its Community Affordable Loan Solution, as a new Special Purpose Credit Program that introduces zero down payment, zero closing cost mortgage solution for first-time ...
Read More »Playing the Waiting Game
When it comes to housing affordability, sometimes sitting on the sidelines can benefit prospective buyers, as First American Deputy Chief Economist Odeta Kushi explains.
Read More »Refi Closing Costs Exceed $2,300 in 2021
ClosingCorp, a provider of mortgage and closing cost data and subsidiary of CoreLogic, released its most recent Refinance Closing Cost Report for 2021 finding that the average closing ...
Read More »The Impact of Taxes on Closing Costs
A recent report takes a look at how taxes are raising home purchase closing costs across the country, and where costs are the highest.
Read More »Homeowners: Paying up for a Sale
Here’s how much homeowners are spending beyond closing costs to get the right value while selling their homes.
Read More »Chattel Loans vs Mortgage Loans
Chattel loans are the most popular finance product for manufactured housing customers, but research suggests why this may not be the most cost-effective loan for these borrowers.
Read More »Closing Costs, Interest Rates Factor Big in Lender Choice
A new survey reveals that consumers are most concerned about closing costs and interest rates when choosing a lender to work with. Service and convenience followed closely behind as top influencing factors. Only 37 percent of those surveyed said they were satisfied with the mortgage application process.
Read More »Where Do Homebuyers Pay the Most for Closing Costs?
One analysis reported that estimated amounts paid by homebuyers for closing costs on a mortgage loan are more accurate than ever because of the CFPB’s TRID rule enacted last October. Which states have the highest average closing costs?
Read More »HomePlus Mortgage Ranked First Among LendingTree Customers
When it comes to customer service, responsiveness, mortgage rates and closing costs, HomePlus Mortgage ranked first in a poll of loan customers conducted by online lending marketplace LendingTree.
Read More »Mortgage-Closing Costs Fall 7 Percent Year-Over-Year
Closing costs on a mortgage loan have lowered over the past year, making purchasing a home less costly. According to Bankrate.com research, mortgage closing costs dropped 7 percent over the past year.
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