Home loan

New home mortgage volume drops to 13-month low in June

Buying a new house volume of applications dropped every month in the second quarter, as construction costs and low inventories took loan amounts to an all-time high. June applications fell 3% from May and 23.8% year-over-year, according to the Mortgage Bankers Association’s Homebuilder Apps Survey. The seasonally adjusted annual estimate …

Read More »

What buyers should know

To qualify for a mortgage, you usually need to meet certain conditions. On the one hand, you will need: A sufficiently strong credit rating A reasonable and not excessive level of existing debt A stable job Funds for a down payment Many mortgage lenders have tightened their borrowing requirements during …

Read More »