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 lower [...]
May 05 2009 | Mortgage & Home Loan | No Comments »
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 to [...]
April 21 2009 | Homes Mortgages and Loans in the news | No Comments »
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. For many [...]
April 14 2009 | Homes Mortgages and Loans in the news | No Comments »
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 – Chicago Sun-Times
Of [...]
April 09 2009 | Homes Mortgages and Loans in the news | No Comments »
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 market [...]
April 08 2009 | Homes Mortgages and Loans in the news | No Comments »
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 official [...]
March 31 2009 | Homes Mortgages and Loans in the news | No Comments »
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 surged last week, [...]
March 26 2009 | Homes Mortgages and Loans in the news | No Comments »
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 what [...]
March 24 2009 | Homes Mortgages and Loans in the news | No Comments »
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 – Arizona [...]
March 19 2009 | Homes Mortgages and Loans in the news | No Comments »
Trying to Get a Loan Modification From Your Mortgage Lender
Right now, there are plenty of folks who are excited to try and get a loan modification. These are folks who may be in danger of foreclosure. Many of them are hardworking people who are seeing problems — like lay offs — due to the economy. [...]
March 17 2009 | Homes Mortgages and Loans in the news | No Comments »
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