Mortgage News
We posted popular mortgage articles below that offer insight and advice for first time home buyers and borrowers looking to refinance with bad credit. Millions of Americans have had issues with their credit in the last few years so we published articles that provide tips so that consumers can overcome their credit obstacles and qualify for affordable home financing.
Over time we will be adding to this collection of mortgage news articles so be sure to check back often.
Home Loan Applications Fall – Even with the best mortgage lenders offering the lowest rates of all time there comes a time when the pool of available borrowers starts shrinking.
Home Refinancing Activity Surges – Freddie Mac announced that borrowers were reaping the low rate benefits and refinancing in droves.
Debating the Mortgage Interest Deduction – Hopefully Obama will resist the temptation of killing the tax advantages for being a homeowner.
The Benchmark 10-Year Treasury Fell – When the 10-year treasury declines, you can expect interest rates to become more attractive if you are considering purchasing a house.
Sub-Prime Mortgage loan Delinquency Rates Rise – The home foreclosure rates have spiraled out of control and it’s no secret that subprime loan portfolios have not performed well.
Buy a Home with Bad Credit – Get the scoop on buying a house with less than perfect credit.
Get a Home Loan with Bad Credit - There are several new home loan programs that are designed for borrowers that have low credit scores.
Mortgages for People with Bad Credit – Compare subprime and alternative loan solutions even if you have bad credit.
Mortgage Lenders for People with Bad Credit – There are not many companies that provide subprime loans anymore.
NH, other New England states fare well in credit report cards
The best-in-the nation credit profiles of folks who live in northern New England states can be attributed in part to “Yankee frugality”...
Americans choking on too much debt
You owe $145,000. And the bill is rising every day.
Busing for homeowners
Melvin Pumphrey Jr. rides his bike up to the blue and red bus marked "Get on Board, Own a Home" and steps quickly inside.
Foreclosures.com: Las Vegas Mortgage Defaults Jump 27% in Month
"Defaults had been tailing off from their January high of 639," said Foreclosures.com president Alexis McGee. "Now they're heading up again."
Option Mortgage - Intriguing New Product Or Ticking Time Bomb?
Option mortgages appear to be a modification of, well of almost everything, including the 30 and 15-year fixed rate mortgage, ARMs, and interest only loan payments and with a sprinkle of negative amortization.
Don't let your own financial bubble burst
It doesn't matter if the real estate bubble bursts. It only matters if your bubble bursts.
Desperate measures in mortgage lending
To combat the housing affordability problem, lenders have created alternative financing, everything from hybrid adjustable-rate mortgages to interest-only loans.
Reverse mortgage can be attractive
Like most financial products, reverse mortgages are neither good nor bad; it depends on how they are used.
Is Refinancing Right For You?
Interested in refinancing your home to take advantage of declining mortgage rates, but unsure whether such a move is right for you? There are several questions experts say you should ask yourself to make an informed decision.
No credit history
Credit history controls everything from car insurance rates to approval for a home loan. Learning the basics can help credit virgins stay financially stable.
Marriage and money: coordination is key
According to the Association of Bridal Consultants, money is the biggest cause of spats during the first year of marriage.
Bad credit can stick for years
You will find lenders, particularly companies that are a finance wing of a manufacturer whose primary mission is to facilitate car sales, will give people with very bruised credit a shot more often than a bank or other institution, which is simply loaning money for a profit.
Consumer Reports: Credit Report Confusion
A bad credit score can impact everything from your mortgage to whether you can rent an apartment or even get a job, so it's important to know your credit score and look over your credit report for errors. It is estimated that one in four reports have serious mistakes.
Interest Rates on 30-Year, 15-Year Mortgages Falls – With home mortgage rates falling to record lows, now is the time to get approved.
Good Reasons for Home Refinancing?
With the rise in mortgage rates, the refinancing bandwagon has almost disappeared over the horizon. Fewer people are applying for home loans, a factor that strengthens the hands of consumers, but could make some lenders desperate.
More Homeowners Take Equity Lines of Credit
About 7.2 million homeowners took out home equity lines of credit last year, up 12 percent from 2001 when 6.4 million such credit lines were established, according to tabulations released today by the U.S. Census Bureau.
To buy or not to buy a vacation home
Be it the beach, the lake or the mountains, vacationers may ask whether it's time to put down roots in their favorite getaway spot or if it's more prudent to keep paying for hotels and rentals year in and year out.
Trichet: Oil prices may worsen inflation
The head of the European Central Bank warned Thursday that higher oil prices could worsen inflation if they persist -- a development that could eventually push the bank toward raising interest rates.