Astronauts Eligible for Mortgages With No Money Down
We all know it’s hard to find a mortgage with zero down these days. You can thank everyone who got one a few years ago… Read More »Astronauts Eligible for Mortgages With No Money Down
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.
Fico: Some Homeowners 110 Times More Likely to Strategically Default than Others
Fico, the creator of the almighty Fico score, says enhancements in its analytic modeling allow it to identify borrowers who are over 110 times more… Read More »Fico: Some Homeowners 110 Times More Likely to Strategically Default than Others
Homebuilder Plans to Buy Its Own Homes
One of the nation’s top homebuilders plans to buy its own homes and rent them out. Beazer Homes introduced its “Pre-Owned Homes Division” today, which… Read More »Homebuilder Plans to Buy Its Own Homes
Wells Fargo Offers Homeowner $2 Loan Modification Discount
Here’s another PR nightmare… Wells Fargo reportedly offered a struggling homeowner a loan modification that resulted in just $2 off his monthly mortgage payment, according… Read More »Wells Fargo Offers Homeowner $2 Loan Modification Discount
Homeowners Less Likely to Default on Mortgages from Local Lenders
New research from Ohio State University suggests that homeowners who obtain home loans from local mortgage lenders are less likely to default than those who… Read More »Homeowners Less Likely to Default on Mortgages from Local Lenders
Most Consumers Only Obtain One Mortgage Quote
Here’s a shocker. Only about 40 percent of borrowers obtain more than one mortgage quote, according to a survey conducted by Harris Interactive and mortgage… Read More »Most Consumers Only Obtain One Mortgage Quote
Mortgage Lenders Raise Credit Score Requirements on FHA Loans
Both Wells Fargo and Bank of America, the top two residential mortgage lenders in the nation, have raised minimum credit score requirements on FHA loans,… Read More »Mortgage Lenders Raise Credit Score Requirements on FHA Loans
Strategic Default Driven by Future Home Prices, Default Costs
Borrowers thinking about walking away from their homes voluntarily don’t necessarily give up because the mortgage balance exceeds the value of their homes, according to… Read More »Strategic Default Driven by Future Home Prices, Default Costs
‘How to Be a Mortgage Broker’ Most Popular Course in Prison
Since the mortgage crisis has taken hold, I’ve tried to think of all the reasons why everything went so horribly wrong. By now, we know… Read More »‘How to Be a Mortgage Broker’ Most Popular Course in Prison
USDA Zero Down Loan Program to Return
The USDA’s zero down loan program is slated to make a comeback, thanks to legislation making its way to President Obama’s desk. The measure was… Read More »USDA Zero Down Loan Program to Return