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Key Takeaways Foreclosed homes can seem like a great opportunity to save money on a home purchase, but be sure to investigate so you understand the risks. There are a few different ways to purchase a foreclosed home including a short sale, at auction, buying from the bank or buying from the government. Buying a foreclosed home is risky since you're purchasing the home "as is," and that can entail additional costs down the line. According to U.S. Foreclosure Market Reports, foreclosures are steadily increasing and are nearing pre-pandemic levels....

What Are Current Mortgage Rates? Mortgage rates stayed relatively steady around the 7% mark this week, according to the Mortgage Bankers Association. Higher mortgage interest rates during the past several weeks have stalled home purchase activity ahead of the spring season. Mortgage interest rates are forecasted to decline somewhat throughout 2024, as the Federal Reserve projects rate cuts will begin sometime this year. Here are the current mortgage rates, as of Feb. 28: 30-year fixed: 7.04% with 0.67 points (previous week: 7.06% with 0.66 points). 15-year fixed: 6.7% with 0.68...

2023 Award Winner: Best Mortgage Refinance LenderNew American Funding offers some of the lowest mortgage rates of all the lenders we analyzed, earning a top score in the affordability category. This factor is even more important for homeowners looking to refinance, since many choose to do so in order to lower their interest rate. It offers a wide variety of refinancing options, including rate and term, cash-out, and cash-in, as well as home equity lines of credit.Compare Top Mortgage Lenders Lender Learn More Min. Down Payment Min. Credit Score Lender...

Compare Top Mortgage Lenders Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit Score Lender Learn More Min. Down Payment Min. Credit ScoreWhat Types of Mortgage Loans Are Offered by PrimeLending?PrimeLending has a suite of mortgage loans available, including: Conventional loans. Fixed-rate mortgages. Adjustable-rate mortgages. Jumbo loans. Federal Housing Administration loans. Veterans Affairs loans. U.S. Department of Agriculture loans. Home renovation loans. Refinance loans. New construction loans. Down payment assistance programs. How Does PrimeLending Work?Potential borrowers start the prequalifying process online by...