Home Loan Learning Center

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

Buying a house can be difficult, particularly if you have to pay a down payment toward the value of the house. For first-time homebuyers, home affordability is even more challenging as they don’t benefit from the liquidity of selling a home. For most home loans, ...

Your credit score matters a lot when you’re trying to get a mortgage to buy a home. However, you still have plenty of mortgage options even with a below-average credit score. Lenders of conventional loans have a qualifying credit which is the minimum required for ...

Buying a home in the current property market can be challenging. The Fannie Mae HomeReady® program is geared towards buyers who might be struggling to enter the property ladder. The mortgage is designed to help people on low income buy their home and it comes ...

A home appraisal timeline ranges between one and three weeks. In a hot licensed real estate market, you get an appraisal on the higher end of the range.  A home appraisal is required by your lender to check the real value of the home you ...

Purchasing a condo is a great way to own a new property. Condo estates are usually located in central areas with lots of amenities and opportunities. City centers, schools, shopping markets, entertainment areas, and amenities are often available just around the corner.  If you are ...

The Home Possible® Program from Freddie Mac helps low-income borrowers achieve homeownership on favorable terms. The program comes with a low down payment, which helps first-time home buyers climb on the property ladder.  The income limit set by Freddie Mac depends on the borrowers’ zip ...