With various regulations and guidelines to follow, it’s crucial to understand the role of the U.S. Department of Housing and Urban Development (HUD) in this landscape. HUD plays a vital role in regulating mortgage lending practices to ensure fair and equitable access to housing. In this blog post, we’ll delve into the functions of HUD and how they impact mortgage lending practices.
Understanding Mortgage Recasting
When it comes to managing your mortgage, you might have heard of refinancing as a popular option to reduce monthly payments or pay off your loan faster.
Millennials and the Pursuit of Homeownership
With rapid technological advancements and shifting societal norms, millennials find themselves facing a unique set of challenges and opportunities when it comes to securing a mortgage. The journey toward homeownership for this generation is a multifaceted one, influenced by factors ranging from soaring student loan debt to evolving housing preferences.
What is Owner Financing When Buying A Home?
There are many options when it comes to taking out a loan on a new home. One of the options that people might have heard about is called owner financing. In general, the property owner takes the place of a traditional lender.
