Eligible borrowers could save hundreds and see closing times slashed
Freddie Mac expects $172 billion less in mortgage originations if the current pace of cash sales continues
From the mid-1990s until the mid-2000s, credit unions were a tiny fraction of the mortgage business, accounting for just 2 percent of the first-mortgage market, according to the Credit Union National Association, a trade group.
Can't afford to pay the down payment AND closing costs? Now is not the time to put the brakes on the home search! If you are pre-approved and on the home search, put the brakes on by deciding to save for closings.
Recent financial news headlines have been dominated by the recovery of the housing economy and the future of the mortgage markets.