The U.S. Department of Housing and Urban Development (HUD) defines a low-income household as earning no more than 80% of the ...

28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more ...

A common rule of thumb suggests you need to make $100,000 or more to afford a $400,000 home. But it all depends on your down ...

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.64%, according to the Mortgage Research Center. On a ...

The 28% rule is a common guideline when purchasing a home. This means your monthly mortgage payment—including principal, ...

"However, in practice, most cases of VA loans usually only involve two persons: one veteran and a spouse," says Alexei ...

Unexpected issues — from an appraisal gap to title disputes — can pop up during underwriting. Here’s what to do.

Both home equity lines of credit (HELOCs) and home equity loans are up in numbers, their originations rising in Q3 2024 by 6 ...

When a house is lost, so is much of the collateral on the mortgage. Here's how both lenders and homeowners can bounce back.

A non-arm's-length transaction is a sale between people who already have a personal or business relationship. They might be ...

A mortgage banker is an individual or financial institution that directly originates and funds mortgage loans, guiding ...