homeloan
There is a growing feeling among Americans that the housing market is getting worse. A survey released by Fannie Mae in October 2022 shows that the share of people who think now is a good time to buy a home fell to an all-time low of 16%. Despite only tracking data since 2010, that’s the lowest percentage Fannie Mae has ever recorded. What’s more, another survey found that80% of 1,000 respondents believe that now is not a good time to buy a home. According to a similar Fannie Mae survey conducted in February, 70% of Americans said it was a bad time to buy, while 25% said it was a good time. To...
Due
If homeowners want to reduce this monthly payment faster, there are several mortgage hacks you can implement that will save you thousands of dollars on your home loan. Q1 2022 hedge fund letters, conferences and more Hack #1 Get rid of PMI insurance.Private Mortgage Insurance, or PMI, is insurance that protects the lender in case you default on your home loan. PMI is required if you have a conventional loan and make a down payment of less than 20 percent of the home’s value. Even if you made a small down payment, though, there are a few ways to get rid of PMI. One way is to simply make extra p...
ValueWalk
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