How to Maximize Your Efforts When Appealing to Equity Lending
Equity loans are one of the many options borrowers rely on to secure funds to meet their urgent needs. Among these loans, home owners mostly favor equity loans as these loans offer more flexible terms. The borrower is able to pay the interest initially before settling [...]
May 08 2009 | Mortgage & Home Loan | No Comments »
Meltdown 101: Is there a downside to mortgage aid? – Associated Press
NEW YORK (AP) — It’s welcome relief for homeowners struggling with mortgage payments. The new federal program to let people refinance or modify their mortgages is expected to help millions of Americans lower monthly payments and avoid foreclosure …
Should you skip your mortgage payment? [...]
April 16 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 »
How to Increase Equity for Borrowers
The booming real estate market in recent years has led to an intense marketing campaign by lenders to persuade homeowners to borrow against the equity in their homes.
Equity is the value of a home vs. the value of the loan. Several householders nowadays are looking
for ways to increase the value [...]
April 10 2009 | Mortgage & Home Loan | 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 »
Re-Financing with an ARM
The ARM home mortgage was taken advantage of by a great number of people over the years because of the lower payments it provided them when compared to a fixed rate mortgage. But when these mortgages started to adjust many home owners were having a hard time finding options for refinancing ARM [...]
March 17 2009 | Mortgage & Home Loan | No Comments »
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