How I Research a Purchase

Personal finance sites put a lot of attention on saving money, investing, even career advice ... - When I was buying my home, using Bankrate was instrumental in finding my best mortgage rate. I always [more...]

Date: 2008-08-08 14:24:56

Blog posts (196) | Videos (126)
 

Reasons to Refinance Your Mortgage

Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]

Date: 2008-12-29 11:15:00

Wash Post's Pearlstein: Anyone opposing the bailout is ignorant

(updated below - Update II) Washington Post business columnist Steven Pearlstein has spent the week insisting that only gross ignorance could ... -- our help keeping up the payments on their homes. If we do that, Wall Street's bad mortgage debt [more...]

Date: 2008-10-02 06:15:38

How to Rent out a Room in your Home

by Ada Denis Are you having trouble making your mortgage? Are you short several hundred dollars every month trying to pay your house payment? ... by contacting a HUD housing counseling agency to get advice about state landlord/tenant laws, or purchase [more...]

Date: 2008-12-23 16:09:41

Pre-Foreclosure Walkaways

From AP Mortgage law experts say the incentive to walk away from a home loan is highest in states that have anti-deficiency statutes, ... collection on an unsecured debt that can be readily dismissed. The bottom line really amounts ... , California, Connecticut, Florida, Idaho, Minnesota, North Carolina, North Dakota, Texas, Utah [more...]

Date: 2008-12-19 00:29:58

Fed's Latest Rescue Package Throws Lifeline to Home Buyers

According to this Reuters article, the Fed announced a new rescue package of $800 billion USD to lower the cost of home purchases, credit card and student loans. Under the new mortgage program, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac [more...]

Date: 2008-11-26 09:12:56

HOW TO HELP PEOPLE WHOSE HOME VALUES ARE UNDERWATER

The more than 12 million homeowners with mortgage debt have an incentive to default because mortgages are generally "no-recourse" ... or income to make up the difference between the unpaid loan balance and the lower value of the house ... up about $27,000 of potentially uncollectible debt but would avoid the extra loss of value that comes with selling [more...]

Date: 2008-11-19 14:59:56

Thinking Of A Mortgage Loan Modification? Evaluate Your Current…

Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]

Date: 2009-09-29 17:48:03

6 Factors Shaping the Renewable Energy Industry in 2008

Many industries experienced turbulence this year and renewable energy was no exception ... It is not just hard to secure a mortgage. Homeowners wishing to pay for a solar system using a home equity loan may ... this incentive doesn't have a direct impact on renewable energy in 2008 because the law take effect [more...]

Date: 2009-01-01 01:26:22

Short Sale: One Way for Homeowners to Avoid Foreclosure

If you are having extreme difficulty in paying your monthly mortgage amortization, consider turning to short sale to avoid foreclosure ... another home loan when things get better at least one year after the sale. Foreclosure almost always removes a consumer’s chance of taking another home loan in the future. A short sale is a real estate [more...]

Date: 2009-01-14 18:07:29

Will a short sale hurt my credit score?

When I meet with homeowners who are struggling with their mortgage are maybe behind on payments and have no equity in their home, ... or foreclosure on one’s credit report. I recently came across some great information provided by a mortgage ... my report and if it appears that their only option is to sell their house in a short sale, I always [more...]

Date: 2009-01-15 20:14:24

Two Questions for SAM

Andrew Caplin et al. propose a way to stop home foreclosures:The way to do so is through the shared appreciation mortgage, or SAM ... of their mortgage debt, but at the same time, they are required to share future appreciation gains with those ... get "just compensation" for losses that resulted because Congress crammed down an equity-for-debt swap? If [more...]

Date: 2008-10-29 07:44:00

Getting Mortage - Some Tips

Getting a mortgage is never easy, but first-time buyers have it roughest of all.  They don’t have cash from selling a previous residence to help them come up with the down ... home buyers, see the following table: Help for First-Time Mortgage Borrowers PROBLEM [more...]

Date: 2009-01-14 14:52:33

Re-default nation

The big question looming over the push to rewrite the home loans of people struggling to make payments is whether or not such mortgage ... % of all first mortgages in the U.S. Dugan called the results, part of his agency's new Mortgage Metrics report ... numbers to have since historically we haven't—and problem solving often starts with data collection [more...]

Date: 2008-12-08 17:35:26

Seattle FHLB Likely Short of Capital on Mortgage Debt (Update3)

By Jody Shenn Jan. 13 (Bloomberg) -- The Federal Home Loan Bank of Seattle said it will suspend dividends and “excess” stock repurchases, ... of about $1 trillion in financing for Citigroup Inc., JPMorgan Chase & Co. and other companies [more...]

Date: 2009-01-13 21:23:00

How to Receive Money from Reverse Mortgage

by Mulroony Vanrock A senior gentleman called me last Friday ... we might loan on his home given it’s current value. I pulled out my supercomputer, punched ... a reverse mortgage line of credit. In this instance the mortgage company alots a loan amount. The borrower [more...]

Date: 2009-01-15 07:01:18

Mortgage And Loss Mitigation Information

By Randy Scott The plan will likely c home loan modifications, and discourage foreclosures, perhaps even having a positive impact on prices and foreclosure rates. According to the latest numbers, pricing on single-family homes in the top twenty metropolitan areas in February had dropped by at least 18 percent from the year before, but the rate of change has slowed showed some hope for the distressed housing market. [more...]

Date: 2009-09-27 23:03:27

Mortgage bankruptcy reform may speed losses

A change in bankruptcy laws to allow judges to reduce the mortgages of consumers would probably boost filings, accelerating lenders’ losses on home-equity, automobile and credit-card loans, according to Keefe ... harmed may benefit in some ways, the Keefe, Bruyette analysts wrote. Credit-card companies [more...]

Date: 2009-01-13 08:30:01

MORTGAGE FOR BAD CREDIT

If you would like to buy a new home or have some improvement plan but you are in the situation of poor credit score and it is hard to gain the trust ... in the country, and you can also use their programs to help you on debt consolidations, mortgage refinance [more...]

Date: 2008-11-13 07:17:06

How To Select The Right Mortgage Calculator For Your Needs.

Your dream house may not be everyone else idea of “Home, Sweet Home,” but it’s going to be all yours. Now if you can just figure out how to finance that bit of real estate. Not wanting to leave any stone unturned, you’re on this site to get some background for your decision. One kind of mortgage calculator (”how much house can I afford” type) takes a look at your budget and, with your input, works out how much you can afford to pay, either monthly or annually. [more...]

Date: 2009-09-11 00:01:41

The Saver vs. The Spender

#fullpost{display:inline;}The post-Lehman days saw a jump in home re-possessions by the banks after many defaulted on their mortgages ... and a car loan, she would not be able to keep up with the payments if she's asked to leave.With the days [more...]

Date: 2009-01-15 12:10:00

Metropolitan Money Store Loan Processor Pleads Guilty

Katisha Fordham, 35, Washington, D.C., pleaded guilty to conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, announced United States Attorney for the District of Maryland Rod J. Rosenstein [more...]

Date: 2008-12-11 10:24:47

2nd Guilty Plea In Metropolitan Money Store Foreclosure Scam

Clifford McCall, 47, Lanham, Maryland, pleaded guilty to conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme which falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit. According to his plea agreement, McCall was president of Burroughs & Smythe Financial [more...]

Date: 2008-09-18 15:02:31

Time to get back to basics (pfblogs.org)

Millions of people in the US are feeling at least a little pain as the market whipsaws and home values go down ... .  The people feeling the most pain now have more mortgage debt than they can handle, the inability to refinance that debt, perhaps a lot of credit card debt, and maybe even unemployment.  People ... ... [more...]

Date: 2008-10-03 00:47:04

3rd Defendant Pleads Guilty In Metropolitan Money Store Mortgage Fraud Scheme

Carlisha Dixon, 31, Hyattsville, Maryland, pleaded guilty to conspiracy in connection with a mortgage fraud scheme which falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit. According to her plea agreement, Dixon was the vice president and a director of Burroughs & Smythe Financial [more...]

Date: 2008-11-10 16:38:05

Time to get back to basics

Millions of people in the US are feeling at least a little pain as the market whipsaws and home values go down.  The people feeling the most pain now have more mortgage debt than they can handle, the inability to refinance that debt, perhaps a lot of credit card debt, and maybe even unemployment.  People [more...]

Date: 2008-10-03 05:36:52

Don’t Raid Your 401(k) to Make Mortgage Payments

What’s worse than not being able to make your mortgage payments? How about tapping into retirement savings to make ends meet? ... out a home equity loan. “People had wiggle room by borrowing on their houses, and it just isn’ ... that if you’re really desperate to use the money in your 401(k), you’re better off taking a loan [more...]

Date: 2008-06-04 20:00:54

Save Time And Money By Using A Free Mortgage Calculator

by James Simmons The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. UK mortgage calculators can help to work out the interest burden. Mortgage calculator results are supplied for estimating purposes only and should be verified by your lender of choice. Mortgage Calculator Pro is a quick and easy to use calculator for brokers, realtors, and home buyers. [more...]

Date: 2009-07-23 08:37:20

Save Time And Money By Using A Free Mortgage Calculator

by James Simmons The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about it, here’s your opportunity. UK mortgage calculators can help to work out the interest burden. Mortgage calculator results are supplied for estimating purposes only and should be verified by your lender of choice. Mortgage Calculator Pro is a quick and easy to use calculator for brokers, realtors, and home buyers. [more...]

Date: 2009-07-26 09:25:28

Wednesday freebies: Your Eco-Friendly Home

A twice-weekly sharing of eco-shwag. Today’s giveawy is a copy of Your Eco-Friendly Home: Buying, Building, Remodeling Green by Sid Davis. From my review for Low Impact Living: This guide gives you all the general home building, buying or renovating information you need, be it the low down on mortgages, credit scores, or contracting [more...]

Date: 2009-01-14 15:00:31

Florida Reverse Mortgages

Florida Reverse Mortgages Posted by Dark Spider at January 3, ... payment; to maintain and improve their homes with a lump sum of cash; to create a monthly stream [more...]

Date: 2009-01-03 12:08:03

A Nail In The Coffin In California

The LA Daily News reports from California. “For weeks, mortgage banker Ben Marsh has been swamped with questions from clients worried about losing their homes in this bad economy. ‘What should I do? What should I do?’ they have asked Marsh, who has offered up several options, including renting out a room to help cover the mortgage [more...]

Date: 2008-11-08 16:40:24

PMI: Home prices to fall through 2009

From Bloomberg: U.S. Home Prices Will Continue to Tumble Until 2010, PMI Says U.S ... the third quarter of next year, PMI Mortgage Insurance Co. said in a report. Ninety-seven percent ... for borrowers to qualify for home loans. With home values tumbling, homeowners who are unable [more...]

Date: 2009-01-14 17:26:28

Freeing Up Cash With A Remortgage

In the UK, the interest rates on new mortgages tend to follow the base rate set by the Bank of England ... up some of the money in their home, turning it from equity into cash. For example, someone with a ?40,000 mortgage [more...]

Date: 2009-01-15 03:24:17

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

Metropolitan Money Store CEO Pleads Guilty

Jennifer McCall, 47, Ft. Washington, Maryland, a chief executive officer of Metropolitan Money Store and owner of JC and JC Investments LLC, ... scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit. According to her plea agreement, McCall was a licensed mortgage broker, … Read [more...]

Date: 2008-12-19 17:12:33

All Time Low Mortgage Rates For A++ Borrowers Only

As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... income (debt ratio of 32% or less) and substantial equity in the home (loan to value of 75% or less ... and won’t get approved. Only about a third of U.S. mortgage debt outstanding is likely to qualify [more...]

Date: 2009-01-15 08:09:46

Should You Walk Away From Your Home?

(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... ) which will be made tougher by the loss of income. There are many debt consolidation and loan ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight [more...]

Date: 2008-12-03 22:29:29

30-Year Mortgage Rate Falls Below 5%

Just when you thought mortgage rates couldn’t get any lower, they did ... guides on how much you should spend on a home and the basics of home equity loans and lines ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]

Date: 2009-01-15 09:49:00

Real Estate Shopping Online

realestate.com Buying a house is a very serious investment. However, during the sub-prime loan days, many have made the decision impulsively ... that can guide a buyer in choosing the best properties such as a mortgage calculator, which can calculate different types of loans with different type of payment plans and a home valuation calculator [more...]

Date: 2009-01-02 09:59:57

10 Tips on Saving for Your Ideal Home

I’ve always wanted to be a homeowner, however with all the doom and gloom these days about the current housing market, ... (Thanks Home Loan Guru!).  And while everyone has their own savings mantra, I thought ... out some of our mortgage calculators if you aren’t sure– or contact a professional within Zillow Mortgage [more...]

Date: 2008-07-30 00:26:16

PMI Winter 2009 Risk Index Indicates Broader Risk of Home Price Declines

posted by Steven Wevodau WALNUT CREEK, Calif., Jan. 14 /PRNewswire-FirstCall/ — PMI Mortgage Insurance Co., (NYSE: PMI - News), today released its Winter 2009 Economic and Real Estate Trends Report, and its widely cited U.S. Market Risk Index(SM). The index shows that the risk of lower house prices two years [more...]

Date: 2009-01-15 14:12:58

Tips a Home Owner Should Know Before Refinancing

by katie George Mounting debt has many homeowners considering refinancing their mortgage for the purpose of cashing out the equity to consolidate credit card debt at a lower interest rate. Homeowners should not consider real estate mortgage refinance as a way to pay for a vacation unless it will be your last, a new car or a boat. A good [more...]

Date: 2008-12-29 22:15:15

What About the Renters?

A little personal anecdote to help explain my philosophical opposition to the bailout, even assuming it would help the economy ( ... it wouldn’t be prudent to buy a home. In my case, I had some student loan debt, I lived in a part ... to afford a mortgage. Now, I probably could have gotten a loan. But the terms would have been ridiculous [more...]

Date: 2008-09-25 12:55:01

Foreclosure Scams To Be Aware Of

Homeowners facing foreclosure should be aware of unscrupulous lenders and scammers ... to them. They will then collect rent from the property and fail to make payments on the mortgage ... from liability of the debt. Consult with your attorney before agreeing to any deal that involved your home [more...]

Date: 2009-01-14 11:23:37

20 tips for living on one income

Thanks to everyone who came by with Christmas greetings over the holidays. Hanno and I appreciated them very much ... and one of you loses your job?Your main goal is to keep your home, feed your family and pay off your debt ... it a try. We had already paid off our mortgage but we had a small amount of debt on our credit cards [more...]

Date: 2008-12-29 04:21:00

Interest Rates Drop Again…

Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]

Date: 2009-01-16 01:53:45

The White House Zillow Zestimate

My home being by far my most valuable asset, I wondered what the White House might be worth. After all, mortgage rates are the lowest they’ve ever been since Freddie Mac began its survey in 1971. The US government might be able to refinance - and pay off some of their higher debt [more...]

Date: 2009-01-08 01:35:44

Posts about Foreclosures as of August 2, 2009

Reverse mortgages to the rescue – instantloanreview.com 08/02/2009 Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times. For Frank and Carol Rider, a reverse mortgage is providing a cushion, giving their investments time to recover from the bear market. [more...]

Date: 2009-08-02 12:05:22

All Your Home Loans Are Belong To Us To Boost Liquidity

"The Federal Reserve Bank of New York started buying mortgage-backed securities today as part of a $500 billion program to support the U.S ... . housing market." ∙ New York Fed Begins Purchases of Agency Mortgage Debt Bloomberg ... [more...]

Date: 2009-01-05 15:05:08

101 - 150 of 196 Posts
Page: First | < Preceding | Next >
0 | 1 | 2