Planning to Refinance? Looking at a Home Mortgage? Maybe You Should Get a Mov… Many people waiting for mortgage rates to drop right now. Indeed, many people think that they should be heading lower soon, what with banks starting — albeit cautiously — to lend to each other again. Additionally, Ben Bernanke is supporting efforts [...]
Latest News in Mortgages and Home Loans- Oct 14, 2008
October 14, 2008 By Leave a Comment
Paulson Warns Against Banks Hoarding Capital One of the issues that has been contributing to a lack of liquidity in the financial markets is the fact that banks have been rather reluctant to lend to each other. Without banks lending to each other (and businesses and individuals, for that matter), the flow of capital has [...]
Latest News in Mortgages and Home Loans- Sep 23, 2008
September 23, 2008 By Leave a Comment
Dems: Don?t Forget Homeowners with $700 Billion Bailout Plan The political maneuvers have begun. Rather than just shoving the $700 billion bailout plan through like the Treasury and the rest of the Bush Administration wants, some members of Congress are asking some questions about what the bailout does. Should it just be for Wall Street? [...]
Latest News in Refinancing Home Mortgages – Sep 18, 2008
September 18, 2008 By Leave a Comment
A mini-surge in refinance – Herald Tribune Homeowners rushed to take advantage of last week’s drop in interest rates following the government’s takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets. The average … Mortgage Rates Slide, But Not Enough to Spur [...]
Latest News in Mortgages and Home Loans- Sep 16, 2008
September 16, 2008 By Leave a Comment
Bank of America Buys Merrill Lynch Even as Lehman Brothers files for bankruptcy, Bank of America has turned its sights on Merrill Lynch, buying it out for close to $50 billion. Bank of America has, indeed, created a reputation for itself as a kind of savior, especially since its earlier acquisition of embattled mortgage lender [...]
Latest News in Mortgages and Home Loans- Sep 2, 2008
September 2, 2008 By Leave a Comment
10 First-Time Homebuyer Mistakes (Part 1: Mistakes 6-10) Yesterday, I started a post on 10 first-time homebuyer mistakes, going through items 1-5. Today we’ll be addressing 5 more mistakes that first-time homebuyers make: Lack of vision. Sometimes we think that we have to do everything to make the house “right” immediately after we move in. [...]
Bad Credit Mortgage Loans – How Does Your Fico Credit Score Affect Your Loan Approval?
March 16, 2008 By Leave a Comment
Bad Credit But Need A Mortgage ?
March 14, 2008 By Leave a Comment
Bad Credit But Need A Mortgage ? by John Power Bad Credit Mortgage Bad credit mortgage loans are meant especially for the people who are suffering with bad credit. Bad credit mortgages or sub-prime mortgages are becoming more common in today’s challenging credit environment and many of the mortgage lenders are now offering very competitive [...]
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option
March 11, 2008 By Leave a Comment
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option by Carrie Reeder When applying for a mortgage loan, down payments are generally required as part of the financing. Many traditional mortgages will only finance 80 percent of the home price. Thus, homebuyers are obligated to provide the additional 20 percent. Having a [...]
