Comparison Shopping When Re-Financing When it comes to money nobody wants to pay more than they should for anything. This certainly is true when refinancing an existing mortgage loan. Householders who are re-financing their house for the first or even the second or third time should thoroughly search all of the available alternatives to ensure [...]
Latest News in Mortgages and Home Loans- Jan 06, 2009
January 6, 2009 By Leave a Comment
Mortgage Rates May Be Low, But That Doesn?t Mean You?ll Be Approved Right now, the big news is that mortgage rates are at their lowest in years. It is no surprise, then, that mortgage applications are way up — especially in terms of refinancing. (One of my goals for the New Year is to refinance [...]
Latest News in Mortgages and Home Loans- Dec 30, 2008
December 30, 2008 By Leave a Comment
Post-Christmas Personal Finance: Selling Your Gift Cards When Christmas is over, many people begin to wonder how they can sell or exchange their gifts. And, as gift cards have become more popular, they are part of this speculation. Blueprint for Financial Prosperity offers some useful information on selling or trading your unwanted gift cards: Selling [...]
How to Avoid Bad Equity Loans
December 26, 2008 By Leave a Comment
How to Avoid Bad Equity Loans Though home equity loans and lines of credit can help improve people’s finances, the bad ones can easily lead to foreclosure. The Federal Trade Commission has issued warning signal to householders–and specifically householders who are older and poor–in recent months. The market is swarming with mortgage loaners providing equity [...]
Latest News in Mortgages and Home Loans- Dec 23, 2008
December 23, 2008 By Leave a Comment
Bush Administration to End FHA Secure, Despite Calls for Continuation One of the programs that many mortgage industry and related groups has been fairly happy with has been FHA Secure. FHA Secure is a program that the Bush Administration put into practice back in August of 2007 when the first hints of a massive subprime [...]
Latest News in Mortgages and Home Loans- Dec 16, 2008
December 16, 2008 By Leave a Comment
Latest News in Mortgages and Home Loans- Dec 09, 2008
December 9, 2008 By Leave a Comment
Loan Modification Only Delaying the Inevitable for Some Homeowners Back at the beginning of the year, loan modification was hailed as the way to help troubled homeowners deal avoid foreclosure. Turns out that in many cases, loan modification only helps delay the inevitable. CNN Money reports on foreclosures: Some 53% of borrowers with loans modified [...]
Latest News in Mortgages and Home Loans- Dec 02, 2008
December 2, 2008 By Leave a Comment
Mortgage Market News: Fannie Mae, Bush Administration It’s a busy Monday morning in the world of mortgage market news. One of the big pieces of news comes from Fannie Mae (and other mortgage lenders). The other piece of news is rather damning evidence that the Bush Administration was pretty well aware of what was coming [...]
Latest News in Mortgages and Home Loans- Nov 25, 2008
November 25, 2008 By Leave a Comment
National Association of Homebuilders Wants its Own Stimulus Package With all the largess flowing from Washington, it’s starting to become difficult in terms of figuring out where money is going (no one’s worried about where it’s coming from, at any rate). And I know everyone’s all about the Citi bailout this morning, but another stimulus [...]
Latest News in Mortgages and Home Loans- Nov 18, 2008
November 18, 2008 By Leave a Comment
Seller Financing Gains in Popularity in this Economy One of the issues right now in the housing market is how difficult it is to get lender financing. After all, many lenders are reluctant to lend. They’ve gone from offering loans to just about anyone to the other extreme: Getting approved for a mortgage loan can [...]
