Savings Corner
DECEMBER 27, 2023
Mortgage loans from our partners Best Mortgage Lenders First-time Buyer Refinance HELOC Home Equity Loans 4.0 down payment 3% Pennymac offers several different home loan options for borrowers with less than a 20% down payment. You’ll also see total costs for the services you can shop for and for those that have set prices.
The Frugal Girl
FEBRUARY 18, 2024
We share our home with a 70lb rescued mutt. Besides dealing with my sudden unemployment when my oldest child was a toddler, I was hoping to figure out a way to extend my time at home with him. We ending up buying our current home in 2015, when local prices and interest rates were significantly lower. Enjoying some outdoor time.
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Savings Corner
APRIL 4, 2024
Mortgage refinancing is when you replace your current home loan with a new one. A lender orders a home appraisal to assess the current market value of your home, too, to evaluate how much equity you have in it. Many lenders cap cash-out refinancing at 80 percent of the home’s total value on most loan types.
Savings Corner
DECEMBER 25, 2023
Instead, they use a mortgage, which is a loan to buy a home. After making a down payment of anywhere from 3% to 25%, they get a mortgage to cover the remaining costs of purchasing the home. Each payment includes a combination of principal and interest, as well as property taxes, and, if needed, mortgage insurance.
Savings Corner
APRIL 4, 2024
While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. Paying down your mortgage helps build equity in your home, but you don’t have to wait until you completely repay it, or sell the property, to access that equity.
Family Balance Sheet
APRIL 11, 2020
The PA governor has shut down all non-essential businesses indefinitely and we’ve now been ordered to stay at home unless traveling to essential jobs, needed supplies, or outdoor exercise as long as we practice social distancing. We shopped around and test drove several, but I couldn’t shake a feeling of discomfort.
Savings Corner
DECEMBER 24, 2023
But now, as we approach the end of 2023, inflation is much lower but home prices and mortgage rates are both sky-high. Determine why you want to buy a house Purchasing a home is a major decision that shouldn’t be taken lightly. Make a list of what’s important to you in a home. Is location the top priority?
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