In Pictures: Indymac Bank Run
Our street team headed down to Encino, CA today to take a look at what we thought would be a fairly busy day at bank… Read More »In Pictures: Indymac Bank Run
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
Introducing Wachovia’s New Three-Pronged Option Arm
Wachovia announced today that it would no longer offer the negative amortization payment option on its popular and now infamous “Pick-a-Payment” loan program amid heightened… Read More »Introducing Wachovia’s New Three-Pronged Option Arm
Study: Originate to Distribute Model to Blame for Mortgage Crisis
Research and consulting firm Celent released a study yesterday titled, “Pathology of the US Mortgage Crisis,” which examines the evolution of the credit crunch from… Read More »Study: Originate to Distribute Model to Blame for Mortgage Crisis
Wachovia Pitching Pick-a-Pay Mortgage Amid Crisis
Yesterday I saw a television ad from Wachovia touting their “Fixed Rate Pick-a-Payment Mortgage” as a sensible choice for homeowners. It struck me as a… Read More »Wachovia Pitching Pick-a-Pay Mortgage Amid Crisis
Company Launched to Buy Distressed Mortgage Assets
As the mortgage crisis deepens, it’s clear that opportunities will present themselves, and some winners must emerge. And so PennyMac, or Private National Mortgage Acceptance… Read More »Company Launched to Buy Distressed Mortgage Assets
Top 10 Most Admired Mortgage Companies
Fortune magazine released its top 10 list of the most admired mortgage companies in the March 17th edition, which begs the question: What makes a… Read More »Top 10 Most Admired Mortgage Companies
Subprime Voted Word of the Year for 2007
Not surprisingly, the American Dialect Society voted “subprime” the word of the year for 2007. At a voting session in Chicago on January 4, the… Read More »Subprime Voted Word of the Year for 2007
Interest Rate Reset Chart
So you’ve probably heard all about the mortgage rate resets that will occur over the next decade, but now you can see them in colorful… Read More »Interest Rate Reset Chart
Ex Pro Wrestler Enters Mortgage Business
If you’ve ever watched “pro” wrestling, you’ve undoubtedly heard of Ric Flair, the undisputed king of flair, and an all time great in the eyes… Read More »Ex Pro Wrestler Enters Mortgage Business
Lowermybills Dancing Alien Ads Are Back!
Dancing aliens rejoice. The ads are back. Apparently dreams do come true sometimes. A few weeks ago, a blogger from the New York Times had… Read More »Lowermybills Dancing Alien Ads Are Back!