Tag Archives: Mortgage

Buying a home is a major financial undertaking. After all, the median home listing price in the U.S. was nearly $ 230,000 in 2019, and the prices have only gone up since then. If you need to obtain a mortgage loan to complete the purchase, it can get even more …

Federal Housing Administration (FHA) mortgage loans have helped millions of people with credit blips, lower incomes or smaller down payments achieve the dream of owning their own home. But while FHA loans can be a great way for some buyers to secure financing on their homes, these loans come with …

Millions of people are struggling with their mortgage payments. It’s true that the total number of loans in forbearance did decrease in December to 5.48%, but that doesn’t mean that people are out of the woods yet. According to the MBA, there are 2.7 million people in active forbearance, who …

If you think that this is the year to purchase that new home, chances are you’re wondering whether that mortgage payment will fit into your budget. Many factors go into determining what your payment will look like at the end of the day, including the cost of the home, your …

If you own a home and are making monthly payments, you have probably read over the breakdown of your monthly mortgage charges once or twice. Your mortgage payment likely breaks out your monthly payment into three parts: principal, interest and funds that go to your escrow account. While you likely …

If you’re buying a home and the mortgage closing costs have caught you off guard, you are not the first home buyer to be surprised by this. Most buyers know that purchasing a home will come with extra charges, but what isn’t as clear is how much these costs can …

The average 30-year mortgage rate broke record lows (again) at 2.65%, according to Freddie Mac. This marks the 22 weeks in a row that the average rate has been under 3% and the 17th time records have been broken since the start of 2020. Three of the records were broken …

Buying your first home with a minimal down payment sounds, at least on the surface, like a great plan. After all, adulting costs money and you’ll need funds to buy furniture, appliances and other household items. Before you go looking for a mortgage lender willing to let you buy your …

First Mortgage Direct is the Kansas City, Missouri, based mortgage lending division of First Mortgage Solutions. First Mortgage direct was founded by CEO Ryan Wiebe in 2009. This lender is licensed in 17 states, offering purchase, refinance, home equity and debt consolidation loans for qualified borrowers. According to this lender, …