Mortgage Rates Today.com

Mortgage Rates Today

How long do you have to pay mortgage insurance?

How long do you have to pay mortgage insurance?

How long do you have to pay mortgage insurance? Private mortgage insurance, or PMI, is a type of insurance that lenders require for certain types of mortgages, such as conventional loans. When the down payment is less than 20% of a home’s purchase price, conventional mortgages backed by Fannie Mae or Freddie Mac require private […]

How long does a mortgage pre approval last?

How long does a mortgage pre approval last

How Long Does a Mortgage Pre Approval Last? The length of time a pre-approval lasts varies by lender, but in most cases, it is good for at least 90 days.  Many lenders’ pre-approvals will not expire until the credit expires, which is 120 days.  If your financial status changes dramatically during the pre-approval timeframe, your […]

How much do I need to make to afford a 500k house?

How much do I need to make to afford a 500k house?

How much do I need to make to afford a 500k house? To finance a 500k mortgage, you’ll need to earn roughly $150,000 – $155,000 each year. We calculated the amount of money you’ll need for a 500k mortgage based on 20% down payment and a monthly payment of 25% of your monthly income. Your […]

Pay lump sum off Mortgage

Is it better to pay lump sum off mortgage or extra monthly

Should I pre pay a lump sum  or increase monthly payment on mortgage? Almost all mortgages allow you to make extra payments to your principal on a monthly or annual basis. Paying extra payments toward your loan, regardless of the amount of funds given to the principal, makes a significant difference in the amount of […]

Accessibility