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
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.
HUD to Investigate Mortgage Lenders Who Discriminate Against Expectant Mothers
The U.S. Department of Housing and Urban Development plans to launch multiple investigations to determine if certain mortgage lenders are denying loans to expectant mothers,… Read More »HUD to Investigate Mortgage Lenders Who Discriminate Against Expectant Mothers
Most Borrowers Don’t Strategically Default Until Deeply Underwater
New research conducted by the Federal Reserve revealed that the median borrower doesn’t strategically default until home equity falls to -62 percent of their home’s… Read More »Most Borrowers Don’t Strategically Default Until Deeply Underwater
Delinquent Mortgage Borrowers Now Get Free Cell Phones
Imagine receiving a cell phone in your mailbox, that once powered on, dialed your mortgage lender – and once connected, offered lower mortgage payments. Sounds… Read More »Delinquent Mortgage Borrowers Now Get Free Cell Phones
Nearly 40 Percent of California Foreclosures Were Rentals
Of the estimated 211,154 residential units foreclosed on in California during 2009, roughly 77,145 were rental units, according to a new report focused on tenant… Read More »Nearly 40 Percent of California Foreclosures Were Rentals
Foreclosure More Likely if You’re Bad at Simple Math
There’s a better chance you’ll experience foreclosure if your math isn’t up to snuff, according to a new research paper from the Atlanta Fed. Three… Read More »Foreclosure More Likely if You’re Bad at Simple Math
Bank of America Wants You to Earn Principal Forgiveness
Bank of America announced a new strategy today to tackle the pesky underwater mortgages on its books, many acquired via its merger with Countrywide. The… Read More »Bank of America Wants You to Earn Principal Forgiveness
67 Percent of Californians Sold Homes Because They Couldn’t Pay the Mortgage
A staggering 67 percent of Californians who sold their homes in 2009 did so because they couldn’t meet their mortgage obligations, according to the California… Read More »67 Percent of Californians Sold Homes Because They Couldn’t Pay the Mortgage
HAMP Permanent Loan Modifications Double
The Home Affordable Modification Program (HAMP) has finally gotten some legs, with permanent loan modifications doubling last month compared to December, according to the Treasury.… Read More »HAMP Permanent Loan Modifications Double
Why Is the APR Lower Than the Mortgage Rate?
If you’ve been shopping mortgage rates lately, you may be wondering why the APR is sometimes lower than the advertised interest rate. It’s typically the… Read More »Why Is the APR Lower Than the Mortgage Rate?