Tag: United Wholesale Mortgage
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Mortgage Companies Are Antsy for People to Buy Again. Look Who’s Covering Appraisal Costs.
United Wholesale Mortgage (UWM), a major lending company, is now offering free appraisals for some borrowers. The perk is part of an oh-so-tempting 1-0 temporary rate buydown package, available to local mortgage consultants itching to help buyers break through the current housing standstill. “So,” you ask… “What is a 1-0 buydown mortgage?” Successful loan applicants can…
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Arizona and Florida Buyers: Now There’s a 1% Down Payment Option
Interest on a 30-year mortgage has topped 7%, bringing rates up to levels not seen since 2002. And with the prices of homes as high as they are right now, it’s harder to buy a home today than at any time in the past 40 years. Prices will stay high because of demand for homes…