It might sound a little bittersweet, but former homeowners are now authorized to purchase the properties they lost to foreclosure at fair market value, instead… Read More »Foreclosed Borrowers Are Now Able to Buy Their Old Homes Back at Fair Market Value
I came across a promotion today from a home builder out in Arizona. The press release mentions that the company is offering the “largest incentive… Read More »Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick
Though it may soon become easier to purchase a home with less money down, assuming 3% mortgages return as Mel Watt has promised, extracting existing… Read More »Fannie Mae Reduces Max LTV on Cash-Out Refinances to 80%
Ever since Mel Watt hinted at the return of 3% down mortgages, there’s been a lot of worry that we could be headed down another… Read More »Are Low Credit Scores More Dangerous Than Low Down Payments?
If you’re a webmaster, a blogger, or just happen to own a domain name or two, you might be confused as to why there are… Read More »There’s Now a .Mortgage Top Level Domain
The latest survey from the National Association of Realtors revealed some troubling news in the housing market. The share of first-time home buyers reached its… Read More »Where Have All the First-Time Buyers Gone?