The Federal Housing Administration (FHA) already has some of most relaxed mortgage underwriting guidelines around, but many lenders don’t originate loans based on their standards.… Read More »Why It Might Get Easier to Obtain a FHA Loan with a Poor Credit Score
Mortgage Q&A: “How to pay the mortgage with a credit card.” First things first; banks, mortgage lenders, and loan servicers don’t accept credit cards as… Read More »How to Pay the Mortgage with a Credit Card (or a Debit Card)
Below is an extensive and exhaustive (and silly but somewhat serious) list of places where it might not make the best sense to buy a… Read More »100+ Not So Great Places to Buy a Home
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
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
With mortgage rates hitting 2015 highs last week, one might worry that the housing recovery will lose steam. The 30-year fixed climbed to 4.08% per… Read More »Home Prices vs. Gas Prices
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
The Joint Center for Housing Studies of Harvard University released the 2015 edition of The State of the Nation’s Housing report this week and it… Read More »Harvard: Renting Is the New Buying, But It’s Unaffordable
