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 [...]
Latest News in Mortgages and Home Loans- April 21, 2009
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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
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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. [...]
Latest News in Refinancing Home Mortgages – April 09, 2009
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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
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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
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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 [...]
Latest News in Refinancing Home Mortgages – March 26, 2009
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Refinancing Boosts Mortgage Applications – Tampa Bay Online WASHINGTON – Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities. The Mortgage Bankers … Mortgage applications surge in week – Boston Globe WASHINGTON – Mortgage applications [...]
Latest News in Mortgages and Home Loans- March 24, 2009
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Mortgage Rates Lower, Thanks to the Federal Reserve Mortgage rates are at new historic lows right now. This is in large part to the Federal Reserve decision on Wednesday to begin buying long-term U.S. Treasuries. Mortgage rates are tied in large part to long-term Treasury bond yields. The new announcement from the Fed amounts to [...]
Latest News in Refinancing Home Mortgages – March 19, 2009
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Sacramento homebuyers rush to refinance at lower rates – Sacramento Bee Lower borrowing costs triggered a new spike in U.S. mortgage applications last week as borrowers ? including thousands in California and the Sacramento region ? rushed to refinance home loans. Sacramento loan consultant Dennis Graves said most … Mortgage rates likely to fall today [...]
Latest News in Mortgages and Home Loans- March 17, 2009
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