Fall is shaping up to be interesting for financial markets. What does it mean for mortgage rates? See HSH's latest Two-Month Mortgage Rate Forecast for our expectations.
Q: My bank wants a 1% origination fee to close on a construction loan. Is this outrageous or "normal".
A: It's probably close to normal. Most construction loans are short-term (usually a year) where you pay interest only, often at the Prime Rate plus a margin. The 1% fee may be credited toward closing costs on any permanent mortgage you obtain from the bank, so ask whether it can be applied.
Credit life insurance is sold to homeowners as a means to pay off the mortgage in the event of the death of the homeowner.
Read MoreSome homeowners will pay this 3.8 percent tax when they sell their homes, but only if they meet certain conditions.
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