Mortgage and Lending

Mortgage Rates to Take Big Hit from Fee Hikes

See on Scoop.it – Texas Lots and Land As loan officers and borrowers prepare for the Federal Open Market Committee’s (“the Fed”) potential tapering announcement Wednesday, Fannie Mae and Freddie Mac (“the GSEs”) Tuesday released new pricing adjustments that dramatically raise costs for… See on www.mortgagenewsdaily.com

Wealthy Home Buyers Opting for Interest-Only Home Loans.

By Troy Corman, t2 Real Estate While cash purchases of homes has picked up dramatically over the last two years, surprisingly, many wealthy home buyers are now turning to interest-only home loans. The main attraction of jumbo interest-only loans are lower monthly payments. The big drawback for borrowers is that interest-only mortgages do not allow for any equity capture. The…read more →

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