With the housing market still struggling to recover, the last thing it needs is more expensive mortgages. And yet, that’s exactly what it’s getting… Questions or comments about this video? Use the comment link below.
Lenders Improving Foreclosure Quality
Real estate investors have been renovating properties for years in order to sell them more quickly and at a higher price point. Banks, on the other hand, have tended to let their REO properties remain largely “as-is” when they market them whenever possible. Now, however, with so much competition for buyers, many lenders are “sprucing […]
Second Mortgages: Are They Twice as Much Trouble?
A second mortgage, the second loan secured against the home, and second in importance to the first, means that should the borrower not be able to pay off the loan in full and the bank or money lender repossessed the home to recoup their losses, the first loan would be paid off first and the […]
Stop Foreclosure: Things You Should Consider to Save Your Home
The threat of facing a foreclosure is a not a trivial thing. It can lead to anxiety or depression. The thought of losing your precious home can be frustrating and embarrassing especially if it’s your biggest investment. A foreclosed home attracts more buyers who want to invest in cheaper, but good properties, and grab a […]
Reverse Mortgage Loans – What You Should Know
A reverse mortgage loan is one in which a finance company buys the equity in a home. While the homeowner is alive, the company will make monthly payments to the owner. The homeowner may alternatively opt to receive a lump sum payment. After the homeowner passes, moves, or sells the house, the loan becomes due. […]
Buying a House: Mortgage Shopping
You wouldn’t think of paying an extra 50 grand for that new house. But if you’re not careful, you might waste that much on the mortgage… Have questions about mortgage shopping? We’d love to hear from you. Just click the comment link below and ask away. We’ll get back to you here with answers.
Avoiding Refinancing Costs After Divorce
Divorced homeowners stuggling with the task of removing a former spouse’s name from the mortgage after buying out his or her equity stake in the marital house may think refinancing is the only choice. There is another, little-known option that could possibly help you avoid refinancing and its costs, which generally run 3 to 6 […]
Home Sellers Getting Creative with Financing
Some home sellers these days are finding ways to get more creative with financing… Questions or comments? We’d love to hear from you. Just chime in by clicking the “comment” link below.
Your Credit May Not Be As Strong As You Think
You pay your apartment rent on time every month. You never miss a utility bill. Your credit score, then, must be strong, right? Maybe not. The only way to know for sure is to check your annual free credit report. Your three-digit credit score is one important number. Lenders of all types, whether they’re passing […]
Household Worth Up: A Positive for the Mortgage Market
Americans are beginning to gain ground against the worst recession in recent history as more and more economic indicators point to recovery. A new study from the Federal Reserve says household net worth in the U.S. soared $2.1 trillion during the last three months of 2010. Gregory Daco, U.S. senior economist for the research firm […]
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