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Is Bankruptcy Always Avoidable?
Many mortgage payers are not aware that their scrutiny can be healed with a proper refinancing process… So before stopping at the doorstep or your homeownership dream, think again and reconsider it by taking a look at your refinancing options. Let’s start with the fact that the interest rate on your mortgage is tied directly…
Owning a Home V. Renting a Home.
The house with a white picket fence is the epitome of the American dream. But the financial benefits of buying a home rather than renting have yo-yoed over the years. From 2004 to 2006, for example, it was more favorable to rent, but buying made a comeback from 2009 to 2011. If you’re sitting on…
FHA Loans and Everything About It
Think you can’t qualify to buy a home? Don’t give up hope. The Federal Housing Administration (FHA), a government agency, allows borrowers to take advantage of a low down payment, reduced closing costs, relaxed lending standards – and insures your loan, which is offered by a FHA approved lender. So, if you are wondering, “what…
What You Need to Know About Refinancing Your Mortgage
Interest rates are hitting new record lows, but banks do make it even more difficult. Here’s how you can better your chances. There has never been a more appropriate time for trying to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market…
Homeownership Now As Low as in 1965
We guess that the fact that young people are not interested in buying a home at once these days has been a big contribution to the fact that the housing industry has never truly recovered from the Great recession. This means that while the interest rates are still quite high right now, the percentage of…
Americans Ask for More Refinancings This Year Than the Last Year
In a world where the mortgage payment’s interest gets as high as it can be, the refinancing is… Have interest rates fallen? Do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of…
The UK's Mortgage Market After the Brexit
Estate agent Foxtons saw profits drop dramatically by 42 per cent in the first half of the year on the back of sharp downturn in the London housing market. The house seller blamed the EU Brexit decision for the slowdown, which it said will last until at least the end of the year. London-based Foxtons,…
Should You Get a No Money Down Mortgage?
Buying a home is probably the largest purchase you’ll make in your lifetime. And choosing the right type of mortgage loan is one of the most important decisions you’ll make in the homebuying process. With so many different options out there, it can be hard to find an affordable home loan that meets your financial…
The State of the Mortgage Industry in 2017
Knowing mortgage rate trends and tracking accurate mortgage interest rate forecasts are important to the home buyer, seller and lender. Being on “the right side of the market” can enhance the profitability of a home sale and mortgage loan — or the affordability of a new mortgage or refinance. But because of its complexity, understanding…