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 »
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 »
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 »
Misplaced Rage: Really? We?re Upset that Government?s Trying to Help Regular …
I’m going to climb up onto my soap box here for the space of a couple hundred words. It’s really getting kind of ridiculous out there right now. I think that there is a lot of misplaced rage with regard to efforts being made [...]
March 10 2009 | Homes Mortgages and Loans in the news | No Comments »
The Importance of Your Credit Score When Buying a Home
One of the most important aspects of your financial life is your credit score. And your credit score is extremely important when it comes to buying a home. Indeed, before you start looking for a home, it is a good idea to check your credit score.
Problems [...]
March 03 2009 | Homes Mortgages and Loans in the news | No Comments »
Would the U.S. Government Actually Nationalize Citi?
Image via Wikipedia
The more we find out about the state of our financial and banking system, the darker things look. And what we’ve been finding out about banking giants and major mortgage lenders has been that they are nowhere near as solvent as we have been thinking. It doesn’t [...]
February 24 2009 | Homes Mortgages and Loans in the news | No Comments »
What Can You Do If You?re Upside Down on Your Mortgage?
With home values continuing to fall, many people are finding that they are upside down on their mortgages — meaning that they owe more on their homes than they are worth. If you are upside down on your mortgage, there are some options to deal [...]
February 10 2009 | Homes Mortgages and Loans in the news | No Comments »
 |
