2018 To Be A Breakout Year For FHA Buyers

FHA Approvals In Reach For More Buyers FHA loans have long been one of the most popular mortgage types available. Roughly twenty percent of all mortgage applicants will opt for an FHA loan because of its buyer-friendly guidelines according to mortgage software company...

FHA loan requirements – What do you actually know about FHA mortgages?

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Texas, Arizona top list for most popular U.S. migration spots

Driving south When it comes to moving, Americans largely headed south in 2017. According to new data from U-Haul, Texas was the top state for U.S. migration, while Tempe, Arizona, took the honors for the top city. Verify your new rate (Jan 18th, 2018) Leaving for the...

Will Your HELOC Payment Skyrocket In 2018?

What To Do About Your Aging Second Mortgage A home equity line of credit (HELOC) provides much-needed cash for home projects, and other financial goals. These loans are the cheapest and easiest way to tap into unused home equity. They can even cover a portion of your...

Should I Refinance? – Reduce Your Interest Rate With 2018‘s Low Rates

It's Time To Consider A Refinance Current mortgage rates are holding low. If you missed your chance to refinance your home last year, it may not be too late to secure a world-class mortgage rate. Dropping your rate by just 1.0% -- from 5.25% to 4.25% -- puts ten...

5/1 ARM OR 15 Year Fixed? What’s Better In 2018?

Should You Pick A 5/1 ARM Or 15-Year Fixed Loan In 2018? When mortgage rates are rising, it may seem crazy to consider a 5/1 ARM (adjustable rate mortgage) or a 15-year fixed-rate loan. After all, shouldn't you lock in the lowest possible rate for the longest possible...

More bang, less buck: home improvements with highest payoff in 2018

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Should you lie on your mortgage application?

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Can’t save for a down payment? Your employer may be able to help

New tool lets companies offer down payment benefits to workers Need help saving for your down payment? Then you may want to find a new job. Thanks to a new offering from crowdfunding platform HomeFundMe, employers can now make down payments a bona fide part of their...

2018 mortgage real estate resolutions worth making

Your were partying on New Years Eve -- and that's okay January is well underway, and you forgot to make your resolutions. But it’s not too late. Better yet, why not make 2018 mortgage real estate resolutions that will help you buy a home quicker? Setting goals can...

New tool lets companies offer down payment benefits to workers

Need help saving for your down payment? Then you may want to find a new job. Thanks to a new offering from crowdfunding platform HomeFundMe, employers can now make down payments a bona fide part of their benefits packages.

Click to see your low-downpayment loan eligibility (Jan 18th, 2018)

Hiring homeowners

HomeFundMe, a down payment crowdfunding platform aimed at Millennial home buyers, has just launched a new tool called the Affinity Portal. Designed specifically for employers, the portal allows companies to offer down payment savings opportunities as part of their HR benefits.

No down payment? You could crowdfund it

According to Chris George, president of HomeFundMe’s parent company, CMG Financial, the Affinity Portal tool offers organizations a way to stand out in today’s competitive labor market.

“More than ever, employers are looking for ways to retain and attract the best and brightest talent, and Millennials are looking for the lifestyle perks that will help them achieve their goals,” George said. “The Affinity Portal helps to bridge that gap by giving employers the ability to give their employees the benefits that matter most to them.”

You don’t need a 20 percent down payment to buy a home

Employers can even opt to match donations made to their employees’ HomeFundMe campaigns. And for Millennials, who face rising home prices and sky-high student loan debt, that can be a real game-changer.

“A typical campaign can cut an employee’s down payment burden in half in many cases,” George said. “We look forward to working with employers to create their customized crowdfunding portals and give their employees a path to homeownership.”

Click to see your low-downpayment loan eligibility (Jan 18th, 2018)

Other added benefits

HomeFundMe campaigns are also eligible for grants. Lenders can grant up to $2 for every $1 that’s crowdfunded, with a cap of $2,500 or 1 percent.

The Affinity Portal tool also streamlines the prequalification process for home buyers. Additionally, it also provides coaching on fundraising tactics and offers educational resources on homeownership and loan origination. Each campaign comes with a dedicated mortgage lender, realtor, housing agency coach and fundraising coach.

Get today’s mortgage rates

Saving for a down payment is only part of the home buying process. Want to make sure you’re getting a great deal? Then, be sure to shop around and find the best rate first.

Show Me Today’s Rates (Jan 18th, 2018)