You Must Earn $107,000 A Year To Cover The Average Monthly Mortgage Payment – Redfin Report


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It’s no secret that the housing market is tough for homebuyers, and now a new study suggests it could be even tougher. According to a new report from Redfin, American buyers will have to earn 45% more than last yearContinue Reading

Top 5 Reasons Why Your Mortgage Payments Could Change


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Justifications for Why Your Monthly Mortgage Payment Might Change If you’re accustomed to paying a similar sum for your mortgage consistently and the bill transforms, it very well maybe because of a blunder, or there may be another clarification.  TheseContinue Reading

2021 Saw Both High And Low Borrowing Records


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Last updated on March 20th, 2023 at 09:54 pmAccording to estimates by the Mortgage Bankers Association, in the year 2021, $1.61 trillion was issued for purchase loans by mortgage lenders. In 2020 the figure was $1.48 trillion. The mortgage boomContinue Reading

Redfin Reports Mortgage Payments Increased Faster Than Rents for the 8th Consecutive Month in September


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Last updated on October 31st, 2023 at 09:39 pmRegular monthly rents got high 11% nationally over the past year, the top growth rate in at least two years, according to a new report from Redfin, the technology-powered real estate brokerage. The nationalContinue Reading

United Wholesale Mortgage accomplished First-Ever Cryptocurrency Mortgage Payment Transactions


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The #1 wholesale and purchase lender in America, United Wholesale Mortgage (UWM) has announced it has successfully evaluated and accepted the first-ever cryptocurrency mortgage payment in September and more than five cryptocurrency mortgage payments in October from borrowers. Not onlyContinue Reading

Monthly Mortgage Payments Increased Faster Than Rents In September 2021


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The newest report from Redfin shows that the latest reported rise in mortgage payments marks the eighth consecutive month of development in median mortgage payments for new homebuyers.  Even with median mortgage payments growing at a speedy rate, rental price increasesContinue Reading

Is Paying Off The Mortgage Payments Over Retirement Savings The Best Option?


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If you are approaching retirement, then just by doing little savings a fixed income is absolutely possible.  Many a time people frantically pay off their forward mortgage with the hope of saving for retirement, but it could be a stressfulContinue Reading

Wells Fargo Bank In Soup Because They Paused Customers Mortgage Payments Without Their Consent


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Last updated on August 3rd, 2022 at 09:21 amWells Fargo bank has paused their mortgage payments without their consent say about 1600 customers. According to a letter the bank had sent to two U.S. senators in August and September theContinue Reading

Avoid Foreclosure If You Are Falling Behind On Mortgage Payments


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Last updated on February 3rd, 2021 at 11:53 amAccording to research released in mid-October by the data firm CoreLogic, In July, 1.4% of homeowners with a mortgage were late with their payments by four months or more.  That was the highestContinue Reading

Is Rounding Up Your Mortgage Payment A Good Alternative?


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Last updated on February 3rd, 2021 at 10:55 amOut of many options to pay down the mortgage quickly the most relatively painless is the simple rounding up of one’s mortgage payment. So if you owe $1,550 each month, paying $1,600Continue Reading