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 »
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 – Chicago Sun-Times
Of [...]
April 09 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 »
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 to pay [...]
April 02 2009 | Homes Mortgages and Loans in the news | No Comments »
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 up, [...]
March 31 2009 | Mortgage & Home Loan | 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 »
How to Get Equity Loans Fast
Not many people keep a large sum of cash on hand just in case an emergency arises. But if life throws you a curve ball, you have to be ready to take quick action. If you have equity in your home, a home equity loan might be one of the [...]
March 27 2009 | Mortgage & Home Loan | 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 »
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