Think it’s hard to get a mortgage? How about a loan modification via the Treasury’s Home Affordable Modification Program (HAMP). A new report from SIGTARP,… Read More »Four Million Homeowners Denied HAMP Loan Modifications, More Changes Coming?
It’s no secret that there is a lot of confusion surrounding mortgages. One of the main gripes is that requirements aren’t the same across different… Read More »Why Your Mortgage Lender Asks for More Than Is Required
Every year, housing demand picks up during the traditional spring buying season and eventually begins to fade as summer takes hold and kids make their… Read More »Redfin: Housing Demand Slowing Due to Buyer Fatigue
So here’s a true story. Yesterday, a good friend of mine asked the following question via text message: “What’s your outlook on the real estate… Read More »What’s Your Outlook on the Real Estate Market?
Party like it’s 2006! Mortgage brokers are now able to peddle interest-only mortgages to qualified borrowers nationwide. Oh wait, that last part about being qualified… Read More »You Can Get Interest-Only Mortgages from Mortgage Brokers Again
Well it’s mid-2015, and even though the housing market appears to be on fire, 63% of properties actually sold for below list price, this according… Read More »Most Properties Still Sell Below List Price
While the government has been busy lowering costs for FHA loans, it seems the opposite will happen for USDA home loans, which are one of… Read More »USDA Home Loans Are About to Get More Expensive
And who could blame them…what with their entire financial system in complete disarray. The Greek situation is a mess, as you’ve probably heard. The government… Read More »The Greeks Aren’t Making Their Mortgage Payments