Tag Archives: 30 year mortgage

8 reasons you should never recommend a 50-year mortgage

By | | Uncategorized
Comments Off on 8 reasons you should never recommend a 50-year mortgage

A 50-year mortgage may look tempting to a cash-strapped homebuyer, trainer Bernice Ross writes, but the cons far outweigh the easier up-front and monthly payments. Continue reading →

What is a 50-year mortgage? The pros and cons of Trump’s proposal

By | | Uncategorized
Comments Off on What is a 50-year mortgage? The pros and cons of Trump’s proposal

The proposal from Trump is a reminder that the industry must evolve, Darryl Davis writes, but evolution without diligence can lead to structural weakness. Continue reading →

Stop freaking out about 50-year mortgages. They might save the housing market

By | | Uncategorized
Comments Off on Stop freaking out about 50-year mortgages. They might save the housing market

A 50-year mortgage is not a financial trap, broker Holly Brink writes. It’s a tool that’s designed to give homebuyers more ways to win in today’s market. Continue reading →

Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers

By | | Uncategorized
Comments Off on Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers

The Trump administration says it’s also looking at assumable mortgages and “ways to give relief” on 5- and 10-year mortgages, after mortgage and financial planning experts pan 50-year mortgages as a bad deal for homebuyers. Continue reading →

2021 on pace to tally biggest year in existing-homes sales since 2006

By | | Uncategorized
Comments Off on 2021 on pace to tally biggest year in existing-homes sales since 2006

Inventory across all housing types fell 0.8 percent from the month previous and 12 percent year over year to 1.25 million units. Nonetheless, home sales are expected to exceed 6 million by the end of the year. Continue reading →

Do you know your interest rate? 27% of mortgage holders don’t

By | | Uncategorized
Comments Off on Do you know your interest rate? 27% of mortgage holders don’t

Knowing your mortgage interest rate could save you a lot of money in the long run. Continue reading →

Fannie Mae is ‘pessimistic’ about the housing market in 2019

By | | Uncategorized
Comments Off on Fannie Mae is ‘pessimistic’ about the housing market in 2019

In a report released Thursday, Fannie Mae’s Economic and Strategic Research Group painted a picture of a somewhat gloomy near-term future, saying that it’s expectations for the coming year “have become more pessimistic.” Continue reading →