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mortgage, Page 12

Higher rates lead to drop in mortgage applications

It didn't take much to stem the miniboom in mortgage refinancing. Slightly higher interest rates brought total loan application volume down 9 percent last week, according to the Mortgage Bankers Association …

Could Paying Off Your Mortgage Hurt Your Credit?

Imagine, then, the disappointment to learn that your credit scores have gone down, not up, as a result of making that final mortgage payment. Dale commented that his credit score seems to have been hurt by the fact that he paid off his mortgage years ago, and Mel complained that his scores dropped by over 70 points after he paid off his mortgage and another loan. The answer to the second …

Buying a home is easier if you're white

Black and Hispanic borrowers who apply for a conventional mortgage are denied twice as often as whites who apply for the same loans, according to Zillow.

How to Get the Mortgage Down Payment Help Available to 87% of Homes

NEW YORK ( MainStreet ) — There's some good news on mortgage down payment help: 87% of all U.S. homes qualify. RealtyTrac found that 68 million Americans in 78 million single-family homes are eligible for mortgage down payment programs in their home county, based on price requirements and the potential value of their properties.