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help you make smarter financial decisions by providing you with interactive
tools and financial calculators, publishing original and objective content, by
enabling you to conduct research and compare information for free - so that you
can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American
Express, Bank of America, Capital One, Chase, Citi and Discover.


HOW WE MAKE MONEY.

The offers that appear on this site are from companies that compensate us. This
compensation may impact how and where products appear on this site, including,
for example, the order in which they may appear within the listing categories.
But this compensation does not influence the information we publish, or the
reviews that you see on this site. We do not include the universe of companies
or financial offers that may be available to you.



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Mortgages
Advertiser Disclosure


MORTGAGE AND REAL ESTATE NEWS THIS WEEK: HOMEBUYING AND INFLATION, LOWERING YOUR
MORTGAGE PAYMENT

DreamPictures/Getty Images


ADVERTISER DISCLOSURE

We are an independent, advertising-supported comparison service. Our goal is to
help you make smarter financial decisions by providing you with interactive
tools and financial calculators, publishing original and objective content, by
enabling you to conduct research and compare information for free - so that you
can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American
Express, Bank of America, Capital One, Chase, Citi and Discover.


HOW WE MAKE MONEY.

The offers that appear on this site are from companies that compensate us. This
compensation may impact how and where products appear on this site, including,
for example, the order in which they may appear within the listing categories.
But this compensation does not influence the information we publish, or the
reviews that you see on this site. We do not include the universe of companies
or financial offers that may be available to you.


Written by
Ruben Caginalp
Written by
Ruben Caginalp
Associate writer

Ruben Çağınalp is an associate writer for Bankrate, focusing on mortgage topics.

Ruben Caginalp
 * Aug. 13, 2022 /
 * 1 min read

Edited by
Jeff Ostrowski
Edited by
Jeff Ostrowski
Senior mortgage reporter

Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate
in 2020, he wrote about real estate and the economy for the Palm Beach Post and
the South Florida…

Jeff Ostrowski
 * Aug. 13, 2022 /
 * 1 min read

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WHY YOU CAN TRUST BANKRATE

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While we adhere to strict editorial integrity, this post may contain references
to products from our partners. Here's an explanation for how we make money.

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WHY YOU CAN TRUST BANKRATE

Founded in 1976, Bankrate has a long track record of helping people make smart
financial choices. We’ve maintained this reputation for over four decades by
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in which actions to take next.

Bankrate follows a strict editorial policy, so you can trust that we’re putting
your interests first. All of our content is authored by highly qualified
professionals and edited by subject matter experts, who ensure everything we
publish is objective, accurate and trustworthy.

Our mortgage reporters and editors focus on the points consumers care about most
— the latest rates, the best lenders, navigating the homebuying process,
refinancing your mortgage and more — so you can feel confident when you make
decisions as a homebuyer and a homeowner.

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Despite historically high levels of inflation, home prices are showing signs of
cooling down. Still, they remain high enough that many prospective homebuyers
are hesitant to make a purchase. Learn more about the pros and cons of buying a
home during this uncertain time.


HOMEBUYING AMID INFLATION

If you’re weighing whether to buy a home right now, you might be better off
sacrificing the ability to build equity now for the prospect of better prices
and interest rates down the line. If the circumstances of your life require you
to make a purchase at this time, there are steps you can take to get a better
deal financially, such as obtaining a rate lock or choosing a lender with no or
low fees.

Read the story.




UNDERSTANDING FORECLOSURE

If you miss multiple mortgage payments, you are at risk of foreclosure, which
means the lender can take possession of your property and sell it. It’s
important to take steps to reduce the likelihood of losing your home, such as
setting up a repayment plan or taking advantage of forbearance or other relief
programs.

Read the story.


ADDING A CO-BORROWER TO YOUR MORTGAGE

If you need help qualifying for a mortgage, you might consider finding a
co-borrower, whose financial details will be considered in tandem with yours
when applying for the loan. It’s important to weigh the liabilities against this
advantage, however.

Read the story.


LOWERING YOUR MORTGAGE PAYMENT

If you want to free up funds in your monthly budget, you have several options
for potentially lowering your mortgage payment. You might be able to save by
refinancing or recasting, or you can take other steps such as eliminating
private mortgage insurance.

Read the story.


WHAT TO KNOW ABOUT JUMBO LOANS

If you’re in the market for a mansion, or even a regular home in a high-priced
area like Silicon Valley, you will likely need a jumbo loan, a mortgage that
exceeds conforming loan limits. The payment schedule and other details are the
same as for other mortgages, but the interest rates differ and the underwriting
guidelines tend to be stricter.

Read the story.


Written by
Ruben Caginalp
Associate writer
Read more From Ruben
Ruben Çağınalp is an associate writer for Bankrate, focusing on mortgage topics.
Edited by
Jeff Ostrowski
Senior mortgage reporter




YOU MAY ALSO LIKE


 * WHAT IS A JUMBO LOAN AND WHEN DO YOU NEED ONE?
   
   


 * MORTGAGE RATES CRUSH IT AGAIN, PLUNGE TO A NEW ALL-TIME LOW
   
   


 * HOMEOWNERS WITH MORTGAGES PRIOR TO 2008 STILL HAVE OPPORTUNITY TO REFINANCE
   
   





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