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
Obama’s Broad Based Refinancing Plan
It took a few weeks, but we’ve finally got concrete details regarding the Obama Administration’s so-called “Broad Based Refinancing Plan.” First off, homeowners with Fannie Mae and Freddie Mac-backed mortgages who are unable to refinance to take advantage of the ... Read More »
Choose Your Own Term Mortgages
It’s silly mortgage product Friday! So I was driving out in Los Angeles today, listening to ESPN radio or some other sports station, when a mortgage ad came on the air. It was for “Crestline Funding’s MyFi,” which allows mortgagors ... Read More »
2011 Mortgage Lending Volume Lowest In Over a Decade
You may have thought that mortgage lenders were raking it in, what with the record low mortgage rates currently on offer. But 2011 was actually the slowest 365 days in mortgage lending since the year 2000, according to figures released ... Read More »
Obama’s State of the Union Reveals Little About Mortgage Plan
So amid all the endless clapping and standing ovations, Obama did manage to get a few words out about the prospective mass mortgage refinancing plan during his State of the Union address last night. While it wasn’t a lot, it ... Read More »
Here’s What the Foreclosure Settlement May Look Like
So it’s looks as if they’re finally getting around to finalizing that huge compensation deal related to all those unlawful foreclosures. Five of the nation’s biggest banks, including Ally Financial, Bank of America, Chase, Citi, and Wells Fargo, want to ... Read More »
Do I Qualify for a Mortgage?
Sometimes I tend to skip past the seemingly basic mortgage questions, assuming everyone already knows the simple stuff. Unfortunately, that’s not the case, and much of what I think is simple isn’t really so straightforward. So let’s talk about qualifying ... Read More »
Mortgage Crisis Foreshadowing
I think a lot. Often, about mortgages. In fact, a day doesn’t go by when I don’t try to think of topics to write about on this very website. It’s not always easy to come up with new material, given ... Read More »
Are Mortgage Rates Going to Stay Low?
Well, it happened again. Mortgage rates crept down to yet another record low. It’s getting old at this point. To be honest, I’m sick of even talking about. Another week, another record. But it still doesn’t seem to be having ... Read More »
Why Principal Reductions on Loan Mods Aren’t the Move
Unless you live under a rock, you’ve likely heard stirrings of a mega super duper fantastic solve-all trillion-dollar refinance program in the works to save America once and for all. You know, the one President Obama plans to unveil just ... Read More »
Freddie Mac Expands Unemployed Mortgage Forbearance
Mortgage financier Freddie Mac announced late last week that it was expanding its forbearance program for unemployed borrowers. Beginning on February 1, mortgage loan servicers will be able to offer forbearance to unemployed borrowers for up to six months without ... Read More »
