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 [...]
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 [...]
How to Increase Equity for Borrowers
April 10, 2009 By Leave a Comment
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 [...]
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 [...]
How to Improve Equity for Lending
April 3, 2009 By Leave a Comment
How to Improve Equity for Lending Your home can be a great tool to improve your financial position. Home equity is a give/take agreement, as the borrower is playing his home, putting it entirely in the loaners hand in exchange for a large sum of money. Hence, home equity loans take great consideration. Several borrowers [...]
Latest News in Refinancing Home Mortgages – April 02, 2009
April 2, 2009 By Leave a Comment
A bump in pending home sales – Herald Tribune An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates. The National Association of Realtors said … Help on way for those unable [...]
Re-Financing with Bad Credit
March 31, 2009 By Leave a Comment
Re-Financing with Bad Credit These days many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young adults suddenly find that they are being offered credit cards by various companies. Those who are sensible will find a credit card that suits their needs, sign [...]
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 [...]
