httpv:// Did you know that not all loan officers are licensed? Here is a video that pokes fun at that discrepancy since loan originators at banks are exempt from the licensing requirements that loan officers at other lenders must adhere to. Loan officers at direct lenders like LendingTree Loans... Read more
We are hearing from sources that federal regulators are considering new definitions for a qualified residential mortgage that would require a 20% minimum down payment. This is the biggest news to hit the mortgage market in many years, and it would have a severe and noticeable impact for borrowers... Read more
When you hear the word “jumbo,” many of us think of something big (like an elephant or a giant bubble, perhaps?). So it makes sense that when you have a large mortgage loan, it should be called a “jumbo loan.” A jumbo mortgage loan can help you buy an... Read more
What’s the big deal about jumbo loans? In case you haven’t heard, they’ve become more affordable. Speaking to The Wall Street Journal a few weeks ago, LendingTree Chief Economist crunched some numbers to show the difference in interest rates for a jumbo loan and a conforming 30-year fixed loan.... Read more
All too often, I get a call from a frantic customer who is going through home loan financing hell. It goes something like this: Their lender promised them the lowest rate and fees but once things got rolling, the terms that were promised changed and the mortgage banker stopped... Read more
A low credit score doesn’t mean that you can’t buy a home. It doesn’t mean that you have to pay a large down payment either. It even doesn’t mean that you will have a high mortgage interest rate. However, it does mean that you will have to consider getting... Read more
U.S News & World Report recently reported on the top ten places in the United States that had the most “underwater” mortgages. Understanding Negative Equity or Underwater Mortgage Negative equity or “underwater” mortgage is when a home owner owes more on their home than it’s worth. Therefore, home owners... Read more
As you’re searching for the lowest mortgage rate or setting up LendingTree’s new mortgage rate alert system, you may be interested in knowing that finding the lowest rate out there isn’t the only thing that you should concern yourself with when applying for a mortgage loan. It’s important to... Read more
No one wants to foreclose on a home since it has a devastating affect on a credit report. However, some people had no choice the last couple of years because they didn’t have any other options to continue to pay their monthly mortgage payments. Luckily, times have changed. If... Read more