Reverse Mortgage for Purchase Imagine a mortgage that pays you, instead of the other way around. Questions or comments about this video on Reverse Mortgages? Use the comment link below and we’ll get back to you with answers. Remember, your email address, though needed to post a comment or question, is never published on our […]
Mortgage Meltdown: The Risks of Walking Away
Mortgage Meltdown: The Risks of Walking Away Can you simply walk away from your upside down mortgage without any ramifications to your credit? Money Talks editor Stacy Johnson advises, “Think before you make that move…” Questions or comments about this article or the video? We’d love to hear from you. Just use the comment link […]
Home Buying: When Hesitating Costs You $8000
Home Buying: When Hesitating Costs You $8000 The first-time home buyer tax credit ends November 30th, 2009. Sounds like you still have some time right? Not really. In fact, you need to start looking for a house NOW just to ensure you won’t miss the deadline and pay $8,000 more, and even starting to look […]
Understanding Interest-Only and Reverse Mortgages
Understanding Interest-Only and Reverse Mortgages Presently, there are around 6,000,000 home owners who have an interest only mortgage. This kind of mortgage implies that the standard payments you make are just taking off the amount of interest the mortgage amasses. The capitol you borrowed must be paid back when the mortgage has run its term. […]
Borrowing Without Bankers
Borrowing Without Bankers Websites like Prosper.com allow you to skip the bank and get a loan from an individual willing to lending, but as Stacy Johnson points out in this video, it’s not borrowing without a middle man. Questions or comments about this video on Borrowing without Bankers? Use the comment link below. Your email […]
Foreign Buyers Avoiding U.S. Homes
Foreign Buyers Avoiding U.S. Homes Despite record U.S. home price affordability, international buyers have been unable to take advantage because of the worldwide recession and credit crunch. According to a report from the National Association of Realtors (NAR), home sales to foreign clients dropped 9.4% in the year ended in May to 154,000. Among international […]
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