Should You Bother Refinancing Your Current Mortgage ...
If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...7 Reasons Why You Can’t Refinance Your ...
With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing. Unfortunately, a lot of current homeowners are finding ...Why Adjustable-Rate Mortgages Are Bad News Right ...
With mortgage rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase ...10 Ways to Build Home Equity
These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...A Mediocre Credit Score Will Cost You ...
While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...Should You Buy a House Now or ...
With mortgage rates on long-term fixed-rate mortgages finally slipping into the 3% range, mind you just barely, more fence-sitters may be pondering this very question. ...6 Things Holding Renters Back From Becoming ...
A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...Latest Posts
Buy a House for Less than Your New Hybrid
As the mortgage market continues to shudder, and real estate goes cold, lenders continue to release exotic mortgage programs to further entice borrowers to purchase and refinance homes. The latest mortgage program comes in the form of a fixed 0.25% ... Read More »
Hello Option Arm Lawsuits
You guessed it. The option arm that was so highly publicized and criticized has become a favorite for lawyers nationwide. Instead of condemning the program, lawyers are now trying to seek compensation for “damages” as a result of these misleading ... Read More »
Rent Before Applying for a Mortgage
While many young, potential homeowners stay at home to save money for their future mortgage payments, banks and lenders consistently decline applicants without rental history. Though it makes perfect sense to live at home to save money on things such ... Read More »
Season Assets Two Months Before Applying for a Mortgage
I already wrote a page about this, but it’s so important that I wanted to highlight it in a post as well. Most mortgage programs offered with the majority of banks and lenders out there ask that you verify liquid ... Read More »
Mortgage Lenders Network All But Closed Down?
Another mortgage company took a huge hit this week, laying off nearly 2,000 employees and halting new business and fundings amidst the continuing downward spiral that is the housing market in the United States. In the latest sign that things ... Read More »
Lenders Limiting Exotic Mortgage Programs
No more than a year ago, banks and mortgage lenders throughout the United States were battling one another to provide the most generous financing available, whether it came in the form of a super low payment on a negative amortization ... Read More »
Holiday Loans are on the Prowl
As the holidays near, the offerings of holiday loans can be heard far and wide, from city to town. But what exactly are these companies offering, and why are H&R Block and Jackson Hewitt getting in on the business as ... Read More »
Mortgage Lates On the Rise
The Mortgage Bankers Association released their quarterly report of the mortgage industry Wednesday, noting a rise in mortgage lates. From the July to September quarter, the percentage of mortgages with 30 day lates or worse rose to 4.67% from 4.39% ... Read More »
California Loves the Option Arm Mortgage
For those who may have not seen this map, Businessweek released this a while back detailing the concentration of homeowners throughout the United States who chose the option arm mortgage as their weapon of choice to tackle monthly mortgage payments. ... Read More »
Sell or Refinance, But Don’t Try Both
As home prices begin to fall, but still remain at near all-time highs, many homeowners are listing their properties to see if they can lock in some of the profit they’ve realized in the last few years. But the problem ... Read More »
