Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated
Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. Bayview Asset Management — which closed its acquisition of Guild Mortgage in November — rolled o
Private Mortgage Insurance (PMI): What It Is, How It Works, and How to Get Rid of It
Key Takeaways: PMI is required on conventional loans with less than 20% down. It adds to your monthly costs but can be removed once you reach 20% equity. You can avoid PMI with a larger down payment, VA loan, or piggyback loan. If you’re buying a home and planning to put down less than 20%, chances
House passes their version of housing legislation, 396 to 13
The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
Pamela Heman
Phone:+1(816) 810-5001