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28th September 2009
What credit crunch? That's what many home buyers with solid credit and enough money for the down payment are saying during the current downturn in the real estate market. They are much better positioned than they were before the market turned down.
A... Read >
Author: wbdoyle16th September 2009
If you are thinking investing your money on real estate property then you should take advantage of the great opportunity that is open in the real estate market now. Even real estate agents would agree that this is an excellent time to purchase a home for ... Read >
Author: clavinee07th September 2009
How to get your mortgage modified
All of the major lenders are really getting up to speed with the Making Home Affordable (MHA) loan modification program. This is essentially a “Cash for Clunkers” program for distressed homeowners. If you think tha... Read >
Author: aniasullivan@yahoo.com06th September 2009
While some surveys show that 9 out of 10 consumers are unaware what their credit score is, I'd like to quickly share with you how your credit score could be costing you a fortune (in more ways than you can imagine). We all know a low credit score will mak... Read >
Author: wbdoyle10th August 2009
The 40 year mortgage makes monthly home payments more affordable, especially in areas where the real estate prices have skyrocketed. It is an attractive tool for homeowners who might otherwise be priced out of the housing market entirely.
In order to ... Read >
Author: Marcilio David05th August 2009
The 40 year mortgage makes monthly home payments more affordable, especially in areas where the real estate prices have skyrocketed. It is an attractive tool for homeowners who might otherwise be priced out of the housing market entirely.
In order to ... Read >
Author: Marcilio David14th June 2009
Mortgage Rates spiked up this week. The 30 year rate jumped from 4.91 to 5.29. This is the highest we have seen mortgage rates all year. Last week mortgage rates moved from 4.82 to 4.91 last week. What is interesting is that in two weeks mortgage rate... Read >
Author: Robert Palmer19th May 2009
Real estate investors are realizing much more attractive returns due to the multiple income streams from real estate investing.
Wall Street continues to have terrible days when it comes to returns, Fortune 500 companies continue to lay off thousands of... Read >
Author: Harry F. D'Elia22nd April 2009
Last week mortgage rates hit all time lows with the 30 year mortgage rate reaching 4.78. This week the 30 year rates moved up a little to 4.87. While this is a decent one week rise we are looking at rates that are probably still in the bottom 10 for all... Read >
Author: Robert Palmer16th April 2009
Copyright (c) 2009 Edward Ferrara
April 9th -The 30 year fixed mortgage rate went up for the first time since a month ago when the fed bought up a massive amount of long term treasuries to push rates down.
Mortgage Rates had been at a 50 year low si... Read >
09th April 2009
30 year mortgage rates dropped below 5% for the second time this year. It was also the second lowest rates posted by Freddie Mac in the last 40 years (the lowest being 4 weeks ago). Rates hit 4.98 this week close to the all time low of 4.96 that was rea... Read >
Author: Robert Palmer30th March 2009
If you're planning to apply for a new credit card or a loan, the amount of interest as well as the payment terms you will get will depend on how high or low your credit score is.
Let's look at an example. Let's say you're from Oregon and would like to ... Read >
Author: Mr. Credit 10125th March 2009
According to recently published data by, 'McLean, Virginia-based Freddie Mac', the average rate for a 30 year fixed-mortgage dropped to 5.07% for the week ending Feb. 26th, from 6.63% for the one ending July 24, 2008.
At the same time however, the 'Mor... Read >
Author: Michael Redbourn10th March 2009
Mortgage rates fell for the second week in a row. 30 year rates fell to a 40 year low to start the year dropping down to 4.96 on January 15th. After that rates rose up to 5.25. Now rates have fallen back to almost reach their previous lows. In fact th... Read >
Author: Robert Palmer08th January 2009
For the first time homebuyer the excitement of locating, bidding and getting the nod on that first home is an exciting whirlwind of anticipation, nail biting, and overall enthusiasm. Before you start picking out fabric for the curtains, however, be sure t... Read >
Author: Lender41104th December 2008
There are many advantages to borrowing with a 15 year fixed mortgage rate. Securing a loan with a 15 year fixed mortgage rate is the best option for many borrowers because the amount of interest paid over the term of the loan is about half of that with a ... Read >
Author: Jimmy Chuang03rd December 2008
Many younger people just starting out buying a new home will take out a mortgage with a 30 year fixed mortgage rate. The rate of interest stays the same for the term of the loan, and the payment stays the same. The 30 year fixed mortgage rate is locked in... Read >
Author: Jimmy Chuang30th November 2008
The Fed cut the fed funds rate at the end of October. The rate was dropped from 1.5% to 1%. This is the lowest the rate has been since 2003. Following the cut we saw drops in all the major mortgage products. The 30 year dropped from 6.46 to 6.2. The... Read >
Author: Robert Palmer30th November 2008
Although it's only been in the American market for a few years, the equity accelerator is poised to take the U.S. mortgage industry by storm. It may be hard to believe, but the equity accelerator can reduce the interest paid and term of a loan by 50% or g... Read >
Author: Dennis Woods23rd October 2008
Mortgage interest rates moved down this week. 30 Year rates feel back below 6 dropping from 6.10 last week to 5.94. 15 Year rates all fell quite a bit going from 5.78 last week to 5.63 this week. Below are rates for the major mortgage products for the ... Read >
Author: Robert Palmer03rd October 2008
Many people who have been foreclosed upon hire a credit counselor to help mop up that messy credit report. Not only are all the missed payments tarnishing your record, but there's a "Notice of Trust Sale" and a "Trust Deed Sale" sitting ugly as well. Chan... Read >
Author: MIKE SELVON06th June 2008
Did you know FHA loans has been around since 1935? That is pretty amazing if you think about it, this type of loan has been around since right after the "Great Depression." Also a added benefit of FHA is that it does not have credit score requirements. Wi... Read >
Author: Mike Clover27th May 2008
Did you know most of the foreclosures taking place now could have been avoided? With all the foreclosures taking place because of adjustable rate mortgages (ARM's), this could have been avoided if the lender had put families in a 30yr fixed mortgage. Duri... Read >
Author: Mike Clover02nd April 2008
When getting quotes from competing lenders it’s always hard to know who’s telling the truth and who is giving the real interest rate when they quote you. To be completely sure you really do need to ask several lenders to quote you to be sure you ar... Read >
Author: Aubrey Clark24th January 2008
It has never been a better time to consider getting a home loan with rates at historic lows and home prices softening. Purchasing a home is often the biggest investment one will make within their lifetime. Prior to purchasing a home there are many thing... Read >
Author: Steve Cancel07th September 2007
When you sit down with a mortgage lender, you should be the one in the driver's seat; after all, you are the one that will be paying for this mortgage in the coming years. To help you stay in control of the things that are happening as well as stay inform... Read >
Author: Grant Eckert07th September 2007
Choosing a mortgage is a difficult process. Not only are you looking for someone to lend you a large amount of money, but you are also looking for the best payment plan in order to pay off that loan someday. While it can seem like there are many differen... Read >
Author: Grant Eckert02nd July 2007
When you're first getting into the process of buying a house, the legalities and the processes can seem daunting. Not only are you responsible for handling the financing for the home that you wish to buy, but you also need to think about the future and w... Read >
Author: Grant Eckert06th May 2007
While some surveys show that 9 out of 10 consumers are unaware what their credit score is, I'd like to quickly share with you how your credit score could be costing you a fortune (in more ways than you can imagine).
We all know a low credit score will ... Read >
Author: Sean Matteson23rd April 2007
Did you know that on your typical 30-year mortgage, it takes approximately 21 years just to pay down less than half of the principal of your loan?
The Mortgage industry’s big secret has been kept away from the public since the Roosevelt administratio... Read >
Author: Debbie Johnson23rd January 2007
The traditional home loan market was all about the 30 year mortgage. These days, shorter term loans are available, but should you get one?
The mortgage market was traditionally as stoic a financial market as you could find. Things were handled in one o... Read >
Author: Dan Lewis19th July 2006
There are more than 19,000 mortgage companies in the U.S. and some of the largest and most reputable of them specialize in subprime mortgage refinancing.
Steven Frank, Senior Vice President of Marketing at FlexPoint Funding identifies a subprime borro... Read >
Author: Mike Hamel04th June 2006
Copyright 2006 David Maillie
Regardless of where we are in life we can all learn something about money and how to better prepare for our future. Especially when we see that the national average is $10,000 in credit card debt and that savings and prepa... Read >
Author: David Maillie31st May 2006
As interest rates begin to creep forward, many people will not buy that next home or investment property because they can no longer afford the loan. Below are three methods that are quite common and can get a borrower a lower interest rate than the brand-... Read >
Author: Adam VanBuskirk
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