Mortgage & Refinancing Information

Adjustable Rate Basics


An adjustable rate loan, most simply stated, means that your interest rate can be adjusted up or down over the months and years. By adjusting the interest rate your monthly payments might also change.

How to Buy a Home Without a Down Payment


Mortgage rates are rising and it's becoming more difficult for a prospective buyer to save up for the necessary down payment. Fortunately, there are ways around this hurdle.

Homeowner Loans - Drawing Lessons of the Past


Loans are not of a recent origin. People used to take help from others even at times when money was unseen and barter was the mode of trade prevalent.

What is a Homeowner Loan?


If you are a homeowner, it couldn't be easier to apply for a Homeowner or Secured loan.Secured loans - i.

Private Mortgage Insurance Basics


Will you be asked to pay Private Mortgage Insurance, or PMI? Most lenders will require you to carry PMI if you cannot put 20% or more of your loan amount forward as a down payment. PMI protects the LENDER in case you default on your payments.

Fixed Versus Adjustable Rate Mortgages


Which One Should You Choose?Choosing between a fixed rate loan and aa adjustable rate loan is one of the most perplexing choices anyone can make. With a fixed rate loan, you know exactly where you stand today, and where you'll stand any number of years from today.

Selecting the Right Mortgage for You


A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money.

Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head


"The ache for home lives in all of us, the safe place where we can go as we are and not be questioned."It is a challenge to find a place like that.

Home Loans: What You Should Know!


Finding home loans can be a daunting task, whether you're a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan that's right for you.

Online Mortgage Loan Companies Are Convenient


There are many reasons to use the internet to take care of your mortgage loan needs. Online mortgage companies can give you quick answers to your mortgage application and can often times give you an answer of whether or not you have been pre-approved within 24-48 hours after you submit your mortgage application.

Avoiding Foreclosure


If you fall behind in your mortgage payments, you face the threat of foreclosure.Foreclosure means your lender can take over your home, and you must move out.

Avoiding Foreclosure Scams


If your mortgage company is threatening foreclosure, there are things you can do to avoid it (see my article titled "How to Avoid Foreclosure"). However, you should be aware of scams.

Using a Calculator to Assess Your Loan


Buying a house is a very important step in your life. Every family dreams of having their own home and whether you are looking into your first, or are moving or upgrading your home, you know your mortgage is important.

How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage


When it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line.Let's start on a positive note, you could do what most borrowers do and opt for the reverse mortgage line of credit.

Mortgage Sales Hit Problems


The housing market has been buoyant over the past few years, but mortgage providers and first-time buyers are both now facing a tough time. Following announcements from the Bank of England that there has been an overall decline in the total number of UK home-buyers, and a declaration from the Financial Ombudsman Service (FOS) that the number of disputes concerning mis-sold mortgage endowments has now hit record levels, it seems that mortgage lenders are facing a bleak time.

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MORE RESOURCES:

Mortgage Bailout Infuriates Tenants (And Steve Forbes)
Wall Street Journal - 26 minutes ago
The House of Representatives responded last week by passing a bill that would provide up to $300 billion in federal insurance to help refinance troubled ...


Earthtimes (press release)

US Senators reach deal on housing rescue-sources
Reuters - 12 hours ago
... a housing fund sponsored by the two government-sponsored enterprises and the deal will send those funds to the new mortgage refinance project. ...
Senate Short of Agreement on Housing Rescue Washington Post
Elusive Senate housing bill inches forward CNNMoney.com
Fannie, Freddie dip on prospect of more oversight BusinessWeek
The Hill - Washington Post
all 320 news articles


Through Adversity Comes Opportunity: Carl D. Monsour Launches New ...
PR Web (press release), WA - 21 minutes ago
Despite downward turn in mortgage and credit markets, there is plenty of opportunity for consumers looking to purchase a new home or refinance their ...


Refinancing puts your money to work
Fall River Herald News,  USA - 6 hours ago
There are two primary reasons to refinance a mortgage: to get more desirable rate and terms, or to extract cash from the home’s equity. ...


Prepare now for the next mortgage-refinance wave
Los Angeles Times, CA - Apr 27, 2008
Qualifying for a mortgage won't be as easy as it was just a year or two ago. Now, lenders are being far more picky. Keeping in mind that you may need to ...
Scenes from the credit crunch in Austin Austin American-Statesman
Be prepared to refinance Sarasota Herald-Tribune
all 8 news articles


Earthtimes (press release)

Freddie Mac loses $151M in 1Q, but beats expectations
The Associated Press - May 14, 2008
Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the US housing market worsened, though the results ...
REAL ESTATE Investor's Business Daily (subscription)
Accounting changes help Freddie Mac 1Q beat views Jordan Falls News
Wednesday's editorial: Housing bill puts taxpayers on hook for ... Kansas City Star
The Associated Press
all 503 news articles


Mortgage application volume rises slightly
BusinessWeek - May 14, 2008
Refinance volume accounted for 48.7 percent of total mortgage applications during the week ending May 9. The index peaked at 1856.7 during the week ending ...
Mortgage applications rise in latest week: MBA Reuters
Mba: Mortgage Applications Rise RTT News
all 31 news articles


South Africa: Why Lenders Should Withstand Subprime Heat
AllAfrica.com, Washington - 23 hours ago
... to refinance at the same rate as it did then and may have to rely on its shareholders (JPMorgan and Standard Bank) to fund a portion of its mortgage ...


Refinance Activity Increase in Latest Report
Mortgages at Quicken Loans, MI - May 14, 2008
The report showed that applications for mortgages used to purchase homes decreased 0.7 percent and applications to refinance an existing mortgage rose 6.5 ...
Mortgage Rates, FHA Loans: Analysis by BankRate Mortgages at Quicken Loans
all 2 news articles


So-called jumbo loans still hard to get
Scripps News, DC - 10 hours ago
The typical jumbo-conforming borrower wants to refinance out of an adjustable-rate mortgage "and they're seeking the safety of a fixed (mortgage)," Lepre ...

mortgage refinance - Google News

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