The rate on a 30-year fixed refinance fell to 6.93% today, according to the Mortgage Research Center. Rates averaged 5.87% ...

As a trusted personal finance writer and mortgage specialist, Maryalene LaPonsie has interviewed hundreds of certified financial planners, CPAs and wealth advisors, and distills their expertise ...

The FHA 203(k) loan is a type of renovation loan, meaning you can use it to fund home improvements in addition to the purchase or refinance of a home. You have a few different options when it ...

So when might you consider an FHA refinance over other loan types? It might be a good option if your credit or finances disqualify you from getting a conventional mortgage. "If you are using FHA ...

The FHA also offers a loan modification option for borrowers who can no longer ... This means that if you plan to sell your home or refinance at some point, you'll need to use the proceeds from ...

Our opinions are our own. Here is a list of our partners and here's how we make money. FHA loans are backed by the government (the Federal Housing Administration), but FHA-approved lenders set ...

Loans that are insured by the FHA have lower down payment requirements than conventional loans and tend to be a more affordable option for first-time homebuyers. However, even an FHA loan has fees ...

FHA said the plan is needed because borrowers ... giving homeowners who are behind on their mortgage a refinancing option. But with inflation still well above the Fed’s target of 2%, it ...

FHA loans work like most other mortgages, with either a fixed or adjustable interest rate and a loan term for a set number of years. There are two term options: 15 years or 30. You’ll also pay ...