After the crash of the housing and mortgage industries, lenders are taking serious issue with potential borrowers to reduce the risks of defaults. Strict measures have been put in place to verify a ... Read More about Factors That Affect Mortgage Interest Rates
In the United States, the average homeowner refinances their mortgage about every four years. People refinance for many reasons, including obtaining a lower interest rate, lowering monthly payments, ... Read More about When Should You Refinance a Mortgage?
A good mortgage rate can save you thousands, or even hundreds of thousands of dollars over the course of your home loan. That is why shopping around for good mortgage rates should be on your to do ... Read More about Mortgage Rates – Best Rates for Purchase and Refinance
There are many homeowners who have found themselves in the unfortunate position of being underwater on their home. Some of these homeowners live in a neighborhood where home values have declined, and ... Read More about Should You Walk Away from Your Mortgage?
A few years ago the real estate market was running wild and real estate brokers and investors did everything they could to get in on the action. That included using exotic mortgages with variable ... Read More about Comparing 15 Year and 30 Year Mortgage Terms
Second mortgages are a lot more common now than they were just a few years ago. There are several reasons for this - many people took out a second mortgage to make home improvements, consolidate their ... Read More about Should You Pay Your Second Mortgage Early?
My wife and I got our first mortgage bill for 2008 and our mortgage payment dropped $150 per month! We have a fixed rate mortgage and the lower mortgage bill is a result of a change in our property ... Read More about My Mortgage Payment Dropped $150 Per Month
Mortgage escrow accounts are a fact of life for most people with a mortgage. In most cases, your escrow account runs in the background and you probably don't think about it unless something goes ... Read More about Mortgage Escrow Accounts Explained – The Good, the Bad, and the Ugly
A Home Equity Line of Credit (HELOC) is a flexible line of credit against the value of your home. You use your home’s equity as collateral against the loan. Usually, the borrower agrees to a certain ... Read More about What is a Home Equity Line of Credit? HELOC Risks & Benefits
Bank of America recently announced it is offering no-fee mortgages and will not charge for private mortgage insurance (PMI), which is good news for a number of reasons. Bank of America is one of ... Read More about Bank of America Offers No-Fee Mortgages, No PMI