What Are Typical Mortgage Down Payments?
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
Explore the Mortgage101 Library
Check Local Mortgage Rates
Today's Average
4.03%
Economic Calendar
Learn More About...
Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
Should You Refinance? Make Sure the Timing is Right
Deciding whether or not you should refinance depends on your personal financial situation. If interest rates are lower today than they were when you first took out your mortgage, refinancing makes sense. more
3 Warning Signs of Loan Modification Scams
Loan modification has become very popular in recent years with mortgage lenders. It has been used in a variety of different ways to change the existing terms of mortgages that they hold. While sometimes loan modification can be to your advantage, many times it is not. There are many loan modification scams out there that you should be aware of. Here are a few warning signs to watch out for with loan modification. more
- Home Equity Loans for People with Bad Credit
- What To Do When Mortgages Default
- Appraisal Basics
- FHA Eligibility with Bankruptcy and Foreclosure
- Low Down Payment Loan Qualification
- What Lenders Don't Reveal About Home Equity Loans
- Second Mortgages: Advantages and Disadvantages
- Alternatives to Getting a 2nd Mortgage
- FHA Loans for a First-Time Home Buyer
- 3 Reasons Banks Reject Short Sales
- How to Get Approved for an FHA Loan despite Bad Credit
- 3 Common Short Sale Mistakes
- 3 Factors that Can Negatively Affect Your Mortgage Application
- Short Selling a Rental Property
The Mortgage101 Blog
Mortgage Delinquencies Decline in Latest Quarter
Fewer homeowners were behind on their mortgage payments in the fourth quarter of 2011, according to the Mortgage Bankers Association, pushing delinquencies to a three-year low. “The total delinquency rate and foreclosure starts rate decreased and are back down to levels from three years ago,” said Jay Brinkmann, MBA’s chief economist and senior vice president for... more