When it comes to getting a mortgage loan, homebuyers have fewer options than they had during the boom years. From the early 2000s until 2008, lenders were much more willing to float exotic loans based on risky terms, but they have returned to safe and sensible home financing.
Many Americans would be untroubled by double-digit mortgage rates and an alarming number say they are not sure what the rate on their mortgage is, according to a survey commissioned by Bankrate.
NEW YORK ( MainStreet ) — It's official: Ninety percent of Americans look to the Web to get a mortgage, with one-third saying an online-only mortgage process is preferable to paper-based processes.