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Latest Mortgages Blog Posts



Do Mortgage Prequalifications Make a Difference?

By: Zillow Blog

3Sep2010

Obtaining a loan for a mortgage payment can be a very involved and intricate process. In some cases, there are steps that prospective homeowners can take to expedite the process such as filing for a pre-qualification or pre-approval. Zillow user Mike...

Mortgage Definition: FHA Streamline Refinance

By: Zillow Blog

1Sep2010

This week, mortgage lender Justin McHood explains an FHA streamline refinance program, which is a program designed for people who currently have an FHA loan to take advantage of lowering their interest rate when rates drop with less documentation tha...

30-Year Fixed Mortgage Rate Hits New Record Low

By: Zillow Blog

31Aug2010

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.26 percent, down from 4.29 percent at this same time last week. This rate represents the lowest rate recorded s...

Stan Humphries on Fox Business

By: Zillow Blog

27Aug2010

Zillow’s chief economist Stan Humphries appeared on Fox Business yesterday to talk mortgage rates, tax credit, and what it will take to get the housing market on the road to recovery. Watch the latest video at video.foxbusiness.com...

Mortgage Definition: No Cost Mortgage

By: Zillow Blog

27Aug2010

This week, Justin McHood defines exactly what it means to have a “No Cost” or “Zero Cost” mortgage. It probably doesn’t mean what you think right off the bat. The costs associated with a mortgage are always paid by someo...

Should You Pay For All Closing Costs?

By: Zillow Blog

26Aug2010

When it comes to buying a home, most people focus on the asking price and how much a monthly mortgage payment will be.   While these are undoubtedly the ‘big ticket’ items involved in becoming a homeowner, it is important to be prepared for clo...

First-Time Homebuyer Wants an 80/15/5 Piggyback Loan – Do They Still Exist?

By: Zillow Blog

25Aug2010

Here’s a great question in Zillow Advice from a user in Dallas, TX, by the alias of nickgerlach who asks: I’m a first-time homebuyer — can I get an 80/15/5 piggyback loan? Good question. Some lenders say yes and some say no. Read ho...


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