Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

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 ...

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 ...

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

MGIC to Buy Rival Mortgage Insurance Provider Radian Group

February 7, 2007 No Comments »

Finally some mortgage news that doesn’t involve a closure. Earlier today MGIC Investment, the largest provider of private mortgage insurance, agreed to buy close rival Radian Group in a deal worth roughly $4.9 billion. After the deal was announced, shares ... Read More »

Mandalay Mortgage Closes Subprime Division

February 7, 2007 No Comments »

Another mortgage lender bites the housing bubble dust. According to the Mandalay Mortgage website, the Orange County loan originator will no longer accept new loan applications as of January 24. Existing loans with documents signed or ready to be signed ... Read More »

Interest Rates Stay Unchanged for Fifth Straight Time

January 31, 2007 No Comments »

The Federal funds rate was left unchanged at 5.25% citing a relatively strong economy, measured growth, and fewer inflation worries, the Fed reported. The decision was spurred by data that revealed the economy had grown faster than expected in 2006, ... Read More »

Wachovia Closes Subprime Mortgage Division Equibanc

January 30, 2007 No Comments »

Another day, another closed mortgage company. Or at least a mortgage division. Today, Wachovia announced that their subprime mortgage lender division, Equibanc, closed its doors after a thorough review of its mortgage business revealed that the business of originating non-conforming ... Read More »

Citigroup Will Buy ABN AMRO Mortgage Group

January 29, 2007 No Comments »

Citigroup announced earlier this week that it will buy the mortgage arm of Dutch bank ABN AMRO for an undisclosed fee. Citigroup will acquire ABN AMRO’s nearly $224 billion mortgage-servicing portfolio and $9 billion in net assets. ABN AMRO Mortgage ... Read More »

Bank of America and Countrywide Merger?

January 27, 2007 No Comments »

***See today’s news regarding the proposed Bank of America buyout.*** The Financial Times reported that Bank of America and Countrywide could be in merger talks as the two companies met recently. The second largest U.S. Bank and the largest U.S. ... Read More »

Why is 100% Financing So Hard to Find?

January 18, 2007 No Comments »

A little less than six months ago you could finance a home with no money down with few problems. Even if you had marginal credit, no assets, and a relatively soft employment history. These days you’ll spend a lot of ... Read More »

Buy a House for Less than Your New Hybrid

January 18, 2007 No Comments »

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

January 15, 2007 No Comments »

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

January 15, 2007 No Comments »

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 »