Many homeowners choose an adjustable rate mortgage in the beginning so that they could get that lower rate initially. So whenever there is talk about mortgage rate adjustments those with an ARM wait with breath held to see what the next mortgage rate adjustment will bring.
The law requires lenders to give you a minimum of […]

These days it seems the markets all about doom and gloom, foreclosures, plummeting prices, economic meltdown. All of it combined makes even those that can afford to buy a house think twice. Is it really the right thing to do? 
Purchasing a home is still a smart idea. There’s always that dread that the market hasn’t […]

According to Reuters the City of Philadelphia has put together a plan that will stop people from loosing their homes. This is welcome news for those facing foreclosure. So what’s the plan?
Well Philadelphia officials have put together the first municipal plan of its kind which will require that houses that are being sold by the […]

Bank rates are falling and it’s tempting to rewrite and drop your payment. A smarter decision might be to take advantage of those new rates, but keep your payments the same.
For example, The Telegraph says that if you have a $100,000 mortgage at 7.75% and a payment of $755 you could enjoy the new rate […]

According to Bloomberg Television the rate cuts by the largest US Securities firms combined with the Washington Mutual Inc. and Wachovia Corp. shakeups all have been interpreted as signs that the mortgage slump isn’t yet over. In fact, there’s speculation that it hasn’t even reached the bottom of the downward spiral.
Even with raised eyebrows about […]

Reverse mortgages have gained popularity since their inception, but they are still not fully understood. If you are 62 years or older you can turn your homes equity into cash. 
According to PR Web Press Release , All American Financial Inc. has added a new reverse mortgage site to their repertoire of products. The hope is that […]

According to the U.S. Department of Housing and Urban Development mortgage brokers’ closing costs are higher than those of other lenders. The study indicated that those that used a mortgage broker paid on average $300 to $425 more than those that dealt directly with a lending institute. The report also stated that African American and […]

Back in 2005 was the time when sellers could ask an unrealistic price for their home and still get that and more. They weren’t just faced with one offer but rather multiple bids would come in driving the price way above the asking price. As a result real estate for investment purposes all but came […]

The VA loan program has seen some changes recently, making them worth having a look at again if you are a veteran considering purchasing a home.
According to RisMedia these changes have resulted in Veteran loans that offer 100% financing (with the exception of a few). The loan limits now top $417K and in high cost regions […]

According to a recent Reuters story, the Standard & Poor’s/Case Shiller composite index made up of 20 metropolitan cities priced declined by 2.2% in March, while the Conference Board said the consumer confidence index declined to 57.2% this month. So what does this mean for home buyers? Good news!
For the seller it might be a […]