Understanding Re-Financing Even though rates have been rising in the last few years, homeowners still have many reasons to refinance their home loans. The main reason is debt consolidation, whether you are combining credit card debts with your home mortgage or if you have more than one home loan. You can also refinance to a [...]
How to Manage Joint Equity Loans
May 1, 2009 By Leave a Comment
How to Manage Joint Equity Loans A joint mortgage is a home loan, secured by real property, given to more than one party based on their criteria together, rather than individually. Typically, a joint mortgage is issued to married couples, but it could also involve other partnerships, such as investors or friends who wish to [...]
The Decision To Re-Finance
April 28, 2009 By Leave a Comment
The Decision To Re-Finance The decision to refinance a home loan is mainly aimed to save some money on the home loan . With a refinance you would have a lower monthly payment, as the interest rate would be low . Recently refinance home loan companies have come up with refinance offers like no cost [...]
Latest News in Refinancing Home Mortgages – April 23, 2009
April 23, 2009 By Leave a Comment
Mortgage applications on rise – Arlington Heights Daily Herald Mortgage applications in the U.S. rose last week as lower borrowing costs encouraged more homeowners to refinance loans. The Mortgage Bankers Association?s index of applications to purchase a home or refinance a loan increased 5.3 percent to 1,172 … Home prices gain 0.7% in Feb. – [...]
Latest News in Mortgages and Home Loans- April 21, 2009
April 21, 2009 By Leave a Comment
Advantages to Buying a Foreclosure Right now, many people are considering buying a home. With low mortgage interest rates and low home prices, there are a lot of great deals out there. If you can buy a foreclosure, there are even better deals. Real Estate Pro Articles points out that there are some definite advantages [...]
Latest News in Mortgages and Home Loans- April 14, 2009
April 14, 2009 By Leave a Comment
Canceling Your Credit Card Could Hurt Your Chances of Getting a Home Loan Image by dogonthesidewalk via Flickr Right now, many people seemed inclined to cancel credit cards and go with cash. There is a movement, in this time of recession, to get back to the sound basics of finances and get rid of debt. [...]
Seek Recommendations When Re-Financing
April 14, 2009 By Leave a Comment
Seek Recommendations When Re-Financing Refinancing is a process in which you pay off one or more existing debts with a new home loan. If you have perfect credit, refinancing is sometimes a good way to obtain a lower interest rate or to convert a variable rate loan to a fixed rate. However, if you are [...]
Latest News in Refinancing Home Mortgages – April 09, 2009
April 9, 2009 By Leave a Comment
Mortgage applications continue rise – Boston Globe WASHINGTON – Mortgage applications continued to rise last week, as low interest rates allowed borrowers to refinance their home loans at the lowest rates in decades. The Mortgage Bankers Association said yesterday its seasonally adjusted weekly … About half of laid-off workers are settling for lower pay – [...]
Latest News in Mortgages and Home Loans- April 09, 2009
April 8, 2009 By Leave a Comment
FHA Loans Performing Well in this Economic Climate Even though the Federal Housing Administration is experiencing problems due to loan defaults and foreclosures, FHA loans are still performing relatively well. When you compare FHA loans to subprime loans, they are performing admirable. Indeed, the FHA is expected to be able to weather the current mortgage [...]
Latest News in Mortgages and Home Loans- March 31, 2009
March 31, 2009 By Leave a Comment
Bank Failure Friday: Omni National Bank It’s turned into kind of a joke: “Failure Friday” has become a staple on many finance and mortgage blogs. Friday seems to be the day that regulators seize failing banks, and in the current climate, some people really like to hear about these failures. Failure Friday is almost an [...]
