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A high mortgage interest rate can make it difficult to afford your monthly payments despite being fully qualified for your loan. If you choose to buy down your interest rate, this can can ease the...
With mortgage interest rates more than double their 2021 levels, purchasing a home is a pricey proposition nowadays — and saving for a down payment is no walk in the park either. But the good ...
Radian Introduces Version of Mortgage Insurance Rate App for AndroidTM Mobile Version of 'Radian Rates' Available for Android, iPhone® and iPad® PHILADELPHIA--(BUSINESS WIRE)-- Radian Guaranty ...
Radian and Optimal Blue Partner to Provide Mortgage Insurance Rate Quote on Optimal Blue Platform PHILADELPHIA--(BUSINESS WIRE)-- Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of ...
Mortgage calculators can be used to answer such questions as: If one borrows $250,000 at a 7% annual interest rate and pays the loan back over thirty years, with $3,000 annual property tax payment, $1,500 annual property insurance cost and 0.5% annual private mortgage insurance payment, what will the monthly payment be? The answer is $2,142.42.
For instance, last week Sharon quoted a client at a rate of 7.125% with no fees. If his client wanted to buy the rate down to 6.75%, it would cost $1,348 in discount points.
Radian is a group of separately capitalized companies that share a unified strategic focus. Radian's core business, Radian Guaranty Inc., provides private mortgage insurance to protect lenders from default-related losses, facilitate the sale of low-down-payment mortgages in the secondary market and enable homebuyers to purchase homes with down-payments less than 20%.
6. Do the math before buying points. Some lenders give you the option to buy "points" in order to reduce your interest rate. One point typically costs 1% of your loan amount.