Homes And Condos

It’s important to know exactly what you qualify for and at what rate, that you know how large your monthly mortgage payments will be, and that you know how much you will have for a down payment.

Watters v. Wachoiva - Supreme Court Sides With Feds In Bank Preemption Case

The right of the federal banking oversight system to preempt any
attempts by the various states’ to regulate federally chartered financial
systems has been discussed several times in these pages over the last
month. That discussion centered on a nationwide system to allow the
states to more efficiently href="http://www.mortgagenewsdaily.com/2232007_RMLS.asp">license mortgage
companies and agents.

Read More Now

Groups Call For Forbearance For Troubled Mortgages

A coalition of housing activists and civil rights groups has called
for a six month moratorium on
foreclosures to provide time for financially troubled
homeowners with time to solve their problems.

Read More Now

Senate Moves To Assist Homeowners On Two Fronts

The Senate Banking Committee and one of its subcommittees dealt this
week, however superficially, with two issues that should be of
interest to a lot of homeowners. Hopefully these won’t
be problems that they have just teed up and then punted into obscurity.
Both are worthy of discussion if not action.

Read More Now

Banking and Housing Giants Testify About Subprime Solutions

The chief executives of both Freddie Mac and Fannie Mae as well as the
Chairman of the Federal Deposit Insurance Corporation and the Federal
Housing Commissioner and Assistant Secretary of the Department of Housing
and Urban Development testified last week in a hearing
before the U.S. House Committee on Financial Services about solutions to
the current href="http://www.mortgagenewsdaily.com/tags/Subprime_News.asp">subprime
mortgage turmoil.

Each of the four had some interesting things to say about what their
organizations/agencies are doing or could be doing to resolve the
situation and…

Read More Now

Popularity: unranked [?]

Although we all know that it is unwise to make snap judgments that is exactly what buyers tend to do; they will inevitably notice the paint cracks in the walls rather than the beautifully finished wood floors.

Existing Home Sales Drop At Fastest Rate In 18 Years

The two most closely watched monthly housing reports
came out this week and served only to muddy the real estate waters even
further.

On Tuesday the National Association of Realtors issued its
report on existing home sales for the month of March. It wasn’t pretty. NAR
spokesman, Chief Economist David Lereah placed most of the
blame on…

Read More Now

Mortgage Rates Drop Along With Inflation Fears

Soothing news about inflation was reflected by declining
mortgage interest rates last week, although Freddie Mac
and the Mortgage Bankers Association were in substantial disagreement
about the scale of the changes.

Frank Nothaft, Freddie Mac vice president and chief
economist said, “Mortgage rates slipped following the latest reports
of…”

Read More Now

Watters v. Wachoiva - Supreme Court Sides With Feds In Bank Preemption Case

The right of the federal banking oversight system to preempt any
attempts by the various states’ to regulate federally chartered financial
systems has been discussed several times in these pages over the last
month. That discussion centered on a nationwide system to allow the
states to more efficiently href="http://www.mortgagenewsdaily.com/2232007_RMLS.asp">license mortgage
companies and agents.

Read More Now

There are many different lending institutions that make their money through loan financing.

Popularity: unranked [?]

Even if you have bad credit, you may be able to find a home equity loan, a home purchase loan, or even a loan to refinance your current mortgage at a lower rate and save you hundreds of dollars a month in interest payments.

Spain’s real estate boom begins to recede

In the heyday of Spain’s real estate boom a few years ago, homes were going up so fast that brick-makers literally could not bake the things fast enough, and had to import. via Atlanta Journal-Constitution

Of the various types of mortgage loans available in the market, interest only mortgage is one good option.

Add value

More so than with any other room, remodeling a bathroom can increase your home’s resale value. via The Courier-Journal

Meet the Cast of Characters in a Home Sale

Q: My husband and I are in the market for our first house. We think this is a good time to buy, especially when mortgage interest rates are still quite comfortable. via The Washington Post

It is a fact that advertising especially using a 800# call capture systems with a compelling ad will draw buyer prospects for your agents’ team to work with.

Popularity: unranked [?]

It simply takes two things in order to become a real estate insider: knowledge of your community’s real estate opportunities and a steady increase in your own education.

Popularity: unranked [?]

Simply put, the job of the closing agent is to complete your real estate transaction according to the terms of the contract.

Home sales cratered
Home resales plummeted 13 percent in March, compared to the previous March, according to the National Association of Realtors (NAR).

Where’s the beef?
Ethanol production is making other crops more expensive, as well as boosting the price of cattle feed and therefore beef.

Congress: You’re powerless
There’s not much Congress can do to prevent an expected surge in foreclosures.

Dueling reports muddy waters
New houses were sold at an annual pace of 858,000 in March, a 23.5 percent drop from the previous March. Do you think prices also dropped?

Kiss the dice & throw ‘em
If you’re conservative by nature, you’ll probably want to lock a rate before the first estimate of first-quarter gross domestic product comes out on Friday.

Popularity: unranked [?]

Fannie Mae, Freddie Mac look at new loans

With foreclosures rising, federal bank regulators called on lenders Tuesday to work with distressed borrowers unable to meet payments on high-risk mortgages to help them keep their homes. The heads of Fannie Mae and Freddie Mac said the mortgage finance giants are developing new types of loans to aid homeowners in avoiding default.

Spike in foreclosures predicted

Amid continued signs of deterioration in the nations mortgage market, a Congressional panel Wednesday forecast a sharp rise in housing foreclosures, and several Democratic lawmakers called for a federal bailout for borrowers who are at risk of losing their homes. By msnbc.com’s John W. Schoen.

Look for a major mortgage company that has competitive rates, responsive and organized loan consultants and require your consultant to attend the closing.

Forecast: Median home prices will drop
The National Association of Realtors on Wednesday said it expects the national median price for existing homes to drop this year for the first time since the trade group began keeping records in the late 1960s.

Frauds compound pain of foreclosures

Eylonda and Tyrone Wynn of Dallas thought their prayers had been answered when two young women from Resolutions Foreclosure & Home Mortgages knocked on the door in December 2005.

Popularity: unranked [?]

Trustee Role Vital in Failures
Fitch Ratings in a new report announced today about the process that follows when a subprime servicer defaults and servicing is transferred. The agency noted mortgage pooling and servicing agreements empower the trustee in such situations. Trustees must be prepared to take on servicing duties or appoint a substitute servicer, Fitch said.

Mortgage Technology Help
US Technology announced it will help “one of the top 10 U S mortgage lenders” manage is servicing database and utilize enhanced borrower communications. Document Systems Inc. announced the release of the industry’s first free electronic document viewer capable of representing documents saved in the native language used to communicate with computer printers. Emortgedge Corp. announced the inaugural release of a loan origination system that speeds up the loan process to under one minute and simplifies all facets of loan processing.

Why Borrowers Go Delinquent
Freddie Mac announced it analyzed delinquency on its portfolio from 2001 to 2006. Rising personal debt and health care costs are impacting a growing number of borrowers, Freddie said. “The uptick in late payments due to excessive debt is potentially troubling,” Freddie’s chief economist said in the announcement.

Solid 1st Quarter at Freddie
First quarter purchases and issuances totaled $147 billion, Freddie Mac said in its monthly summary released Wednesday. Business climbed more than $20 billion from the fourth quarter, the Virginia based company reported. Secondary purchases were nearly $15 billion better than the first quarter 2006.

Net Branches Adopted
About 100 former Central Pacific employees made a move to Sierra Pacific Mortgage, its president and founder told Mortgagedaily.com. The move follows the acquisition of Central Pacific branches earlier this month by American Pacific Mortgage. Central Pacific had announced it would close a few days before it was to meet payroll late last February.

Once a homeowner defaults on their mortgage, the bank will foreclose the property and resell it at wholesale cost.

Popularity: unranked [?]

Collectors call: Ex-wife had secret credit card
Give the collectors a demand of your own: Send the paperwork proving it’s a joint account, says the Bankruptcy Adviser.

Pre foreclosed homes are a great purchase, as they will normally come at a very affordable price.

Money market account can replace CD
New product offers some advantages, but not as many as a money market account, says Dr. Don.

Having a trust relationship with the loan lender makes bridging loans process highly uncomplicated.

Don’t bet the farm on future value of collectible cars
Only very rare and desirable cars are likely to be big ticket items a few decades from now, and they’re almost impossible to predict, says Bankrate car expert Terry Jackson.

What happens when the buyer backs out?
If the buyer of a home backs out of the deal without cause, you may have legal recourse, says the Real Estate Adviser. And you do have that earnest money as leverage.

When you go to the lender, you will be faced with two options for your mortgage-a fixed rate mortgage or an adjustable rate mortgage,commonly known as an ARM mortgage.

Popularity: unranked [?]

Spreads shrinking, but why?
The spread between 10-year Treasury yields and mortgage rates has been shrinking. I have no idea why but I do have a guess.

Home sales cratered
Home resales plummeted 13 percent in March, compared to the previous March, according to the National Association of Realtors (NAR).

Congress: You’re powerless
There’s not much Congress can do to prevent an expected surge in foreclosures.

Kiss the dice & throw ‘em
If you’re conservative by nature, you’ll probably want to lock a rate before the first estimate of first-quarter gross domestic product comes out on Friday.

This is reasonable and expected since banks and lenders assume a somewhat higher level of risk with a bad credit loan.

Where’s the beef?
Ethanol production is making other crops more expensive, as well as boosting the price of cattle feed and therefore beef.

Popularity: unranked [?]

Job Report Fuels Mortgage Rate Increases Across The Board

Mortgage rates bumped upward last week, buoyed
largely by encouraging news about job growth. However, at the same time
the fees and points charged for originating these
mortgages declined for three of the four products tracked by the
report.

Read More Now

Groups Call For Forbearance For Troubled Mortgages

A coalition of housing activists and civil rights groups has called
for a six month moratorium on
foreclosures to provide time for financially troubled
homeowners with time to solve their problems.

Read More Now

Exposure is half the battle when it comes to selling your home.

Census and HUD Data Indicates That Builders Are Not Bouncing Back

Builders appeared to have remained cautious about the housing market
in March, pulling permits and starting construction on new houses in
numbers little changed from February.

The monthly data on new residential construction
jointly released by the U.S. Census Bureau and the Department of Housing
and Urban Development on Tuesday reported that…

Read More Now

Or quite possible, they’ve realized that borrowers seeking a bad credit mortgage refinance are just as much a profitable market as customers with more favorable credit.

Popularity: unranked [?]

Congress: You’re powerless
There’s not much Congress can do to prevent an expected surge in foreclosures.

PPI is tame in March, sorta
Prices for diesel and oatmeal are up but core inflation is unchanged.

Mortgage rates climb
Too many people are getting jobs and it’s making rates rise.

Where’s the beef?
Ethanol production is making other crops more expensive, as well as boosting the price of cattle feed and therefore beef.

Your home is competing with other homes to capture the interest of serious buyers.

Spreads shrinking, but why?
The spread between 10-year Treasury yields and mortgage rates has been shrinking. I have no idea why but I do have a guess.

Your home must be priced within the appropriate range.

Being honest on your loan application is one of the best things you can do to receive a reasonable mortgage quote.

Popularity: unranked [?]

There are advantages and disadvantages of adjustable rate mortgages that need to be weighed before deciding for, or against, an ARM mortgage.

Sometimes a home equity line of credit will have variable interest rates.

Zoning and easement issues are often overlooked when buying a home.

Popularity: unranked [?]

Unplug your cable
Frugal $ense winner Courtney Heins invests the $60 a month she saves on TV and plays music and volunteers during her newfound free time.

Most professional real estate agents take care of the paperwork, so that all you have to do is sign and move in.

Never hurts to ask for a refund
Frugal $ense winner Brenda Miller has no problem asking for a refund when prices drop below what she paid.

Deducting student loan interest
Interest you’re paying on a loan to help attend university could also help cut your tax bill.

Best time to buy anything
The retail world moves in cycles with low prices appearing at predictable intervals. Knowing when to buy helps score the best deal.

Be a better valentine without spending a lot
You don’t have to spend a fortune to plan a great Valentine’s Day. You don’t have to go the traditional candy-and-flowers route, either.

One of the ways that you can ensure protection of your property is by asset protection.

Popularity: unranked [?]

Investment property could be one of the most pleasing aspects of your financial portfolio.

Job Report Fuels Mortgage Rate Increases Across The Board

Mortgage rates bumped upward last week, buoyed
largely by encouraging news about job growth. However, at the same time
the fees and points charged for originating these
mortgages declined for three of the four products tracked by the
report.

Read More Now

Housing Recovery May Be Held Back By Oversupply

Will the economy return the favor?

Spring usually provides the strongest home selling period of the year
and with interest rates still relatively low and the job market improving
the forecast sees conditions “ripe for a firming in housing demand,” but
acknowledges that there are still problems.

Read More Now

Watters v. Wachoiva - Supreme Court Sides With Feds In Bank Preemption Case

The right of the federal banking oversight system to preempt any
attempts by the various states’ to regulate federally chartered financial
systems has been discussed several times in these pages over the last
month. That discussion centered on a nationwide system to allow the
states to more efficiently href="http://www.mortgagenewsdaily.com/2232007_RMLS.asp">license mortgage
companies and agents.

Read More Now

Mortgage Rates Remain Quiet

In a statement accompanying the release of Freddie Mac’s Primary
Mortgage Market Survey for the week ended April 5, Frank Nothaft, Freddie
Mac vice president and chief economist remarked, “Mortgage rates have
remained within a narrow band of 0.1 percentage points over every week in
March. This relative stability is due to mixed economic data releases as
to how strong the economy is and whether future inflation will recede.
One bright spot this week came from an unexpected increase in pending
home sales for February, which suggests the housing
market is still healthy.”

Read More Now

The first reason is insufficiency of current house.

Popularity: unranked [?]

First Horizon Fundings Off
First quarter mortgage production was $6.3 billion, First Horizon National Corp. reported. Originations were almost unchanged from the previous period. Volume eased from a year earlier, the company said.

Lenders Win Supreme Court Case
The U S Supreme Court has ruled that a Wachovia Corp. mortgage subsidiary is not subject to supervision by state banking regulators. Wachovia filed and won a lawsuit against a Michigan regulator when it blocked the subsidiary from lending without a state license. The Michigan unit had converted to an operating subsidiary of the national bank.

You might also consider approaching a mortgage broker instead of doing all the research on bad credit mortgage by yourself.

Most importantly, always be sure to abide by the State and Federal Fair Housing Laws.

Nc Subprime Wholesaler Finished
“Wholesale subprime has been ceased,” the president and chief executive of Ameritrust Mortgage Company Llc told Mortgagedaily.com Wednesday. He declined to give further comments. But the North Carolina based company ranked among companies on the 2006 annual Inc. 500.

For your real estate or business venture, form a company that will put you on the payroll.

Popularity: unranked [?]

PPI is tame in March, sorta
Prices for diesel and oatmeal are up but core inflation is unchanged.

While flipping has proven to be an effective real estate investment strategy, it is not without risk (as with any other investment strategy).

Home loans build up your credit score when you make regular payments.

Spreads shrinking, but why?
The spread between 10-year Treasury yields and mortgage rates has been shrinking. I have no idea why but I do have a guess.

Are we really rational?
At least one person believes that people make sensible, rational decisions when they buy houses. Also when they buy lottery tickets smoke cigarettes, and marry psychos.

From that perspective, it only makes sense to shop around for a lender that you can work with for that length of time.

Spinning subprime stats
When people tell you that restrictions in subprime lending won’t affect the overall real estate market, please be aware that it just isn’t true.

Popularity: unranked [?]

National mortgage lenders are often better sources of funds than local lenders.

And Still More On The Subprime Fiasco

As a subplot to the entire mortgage drama, two feuds
recently emerged or more accurately re-emerged among some major mortgage
players.

…The Nation has weighed in on another aspect of the subprime mess.
In its April 9 edition it has run a “comment” entitled “The Loan Shark
Lobby” in which it details some interesting financial
connections between New Century Financial Corporation which just
declared bankruptcy and members of Congress.

Read More Now

Housing Recovery May Be Held Back By Oversupply

Will the economy return the favor?

Spring usually provides the strongest home selling period of the year
and with interest rates still relatively low and the job market improving
the forecast sees conditions “ripe for a firming in housing demand,” but
acknowledges that there are still problems.

Read More Now

NAR Chief Economist Upbeat But Points To A Few Possible Problems

David Lereah, the chief economist for the National Association
of Realtors (NAR) has weighed in on the bankruptcies,
foreclosures, and predicted Armageddon in the subprime mortgage
market.

In a column on the NAR website titled “The Subprime Mess”
Lereah gives his take on what has happened and what might. Much of it is
a recounting of the familiar history leading up to the current tumult,
but he does have an interesting take on…

Read More Now

Information about whether or not a particular lender offers attractive First Time Home Mortgage Loans is readily available on the Internet.

Popularity: unranked [?]

For this to happen, the current mortgage rate must be higher than the prime rate.

If purchasing a foreclosed home, you can save tens of thousands of dollars.

Popularity: unranked [?]

Keep in mind that many agents have deals with developers so the more they sell of that project the higher commission they get from it.

Best time to buy anything
The retail world moves in cycles with low prices appearing at predictable intervals. Knowing when to buy helps score the best deal.

Unplug your cable
Frugal $ense winner Courtney Heins invests the $60 a month she saves on TV and plays music and volunteers during her newfound free time.

Be a better valentine without spending a lot
You don’t have to spend a fortune to plan a great Valentine’s Day. You don’t have to go the traditional candy-and-flowers route, either.

Many people with credit problems find that a bad credit loan can help them get back on their feet and find the way to personal financial freedom once again.

Building Equity with your own home, your monthly payments are investments in your home.

Never hurts to ask for a refund
Frugal $ense winner Brenda Miller has no problem asking for a refund when prices drop below what she paid.

Deducting student loan interest
Interest you’re paying on a loan to help attend university could also help cut your tax bill.

Popularity: unranked [?]

And Still More On The Subprime Fiasco

As a subplot to the entire mortgage drama, two feuds
recently emerged or more accurately re-emerged among some major mortgage
players.

…The Nation has weighed in on another aspect of the subprime mess.
In its April 9 edition it has run a “comment” entitled “The Loan Shark
Lobby” in which it details some interesting financial
connections between New Century Financial Corporation which just
declared bankruptcy and members of Congress.

Read More Now

Subprime Situation Spurs A Whole Lot Of Talk

The subprime mortgage industry may be going through
hard times but the paper industry and those who invest in broadband
capacity are probably laughing all the way to the bank.

There must have been billions of words of explanation, excuses,
suggestions, demands, and sheer propaganda spoken and written over the
last several months and especially the last few weeks about the subprime
market and its problems which are variously described by the speakers and
writers as a crisis, a minor blip, a pending catastrophe, or a small
price to pay for half a decade of skyrocketing home ownership…

Read More Now

Convenants and Restrictions May Restrict Options For Your Castle

True story. In 2004 a woman bought a small vacant lot, one of the last
remaining, in a 1960’s development of 400 homes. No one seemed to notice
the cinderblock foundation being built on the land but everyone noticed
when two flatbeds moved down the street, each carrying half of a
manufactured home. What ensued must have been worthy of U-Tube…

Read More Now

Mortgage Rates Hold Steady While Applications Fall

In its report of the results of its Primary Mortgage Market Survey for
last week, Freddie Mac took some credit for the stability in
mortgage rates in spite of the turbulence in the
subprime market.

Frank Nothaft cited the mixed signals sent by recent reports about the
direction of the housing market for stabilizing rates. “The rise in
existing home sales in February to a 6.69 million unit pace, the highest
level since…”

Read More Now

Cyberhomes.com is Latest Competition for Zillow

It seemed time to check on Zillow again and, while we
were at it, to take a look at a couple of relative newcomers to the home
values genre of websites.

We had been told about two other real estate oriented sites of
relatively recent origin; www.cyberhomes.com and www.my-
currency.com…

Read More Now

HUD Report Cites Record High Rates Of Discrimination Complaints

April is Fair Housing Month and the Department of Housing and Urban
Development (HUD) just released its Annual Report on Fair
Housing.

The 2006 Annual Report announces that HUD and the Fair Housing
Assistance Program (FHAP) agencies received a record number of housing
discrimination complaints during the year…

Read More Now

Groups Call For Forbearance For Troubled Mortgages

A coalition of housing activists and civil rights groups has called
for a six month moratorium on
foreclosures to provide time for financially troubled
homeowners with time to solve their problems.

Read More Now

In pre-foreclosure, the buyer has the opportunity to observe the condition of the home.

Popularity: unranked [?]

Assuming that you have a little bit of money to invest, you can probably buy a house and rent it out.

Decisions on credit limits for the homeowner are likewise based on the homeowners credit score.

Interactive: How to protect yourself
Mortgage scams come in several varieties. Here are some ways to protect yourself.

Lendershelp struggling homeowners

To stop rise in foreclosures, mortgage modifications are more common

Green acres: Farmland getting pricier

What do you call a dairy farm willed to the kids? Child abuse. That’s an old joke about the often unprofitable and unglamorous trade of farming. But with farmland values on the rise, and the housing market flatlining, U.S. farmers may get the last laugh.

This can occur when a particular loan as a cap on payments that keeps them from covering the amount of interest on the mortgage.

U.S. homebuilder sees orders slump
D.R. Horton Inc., the largest U.S. home builder, said on Tuesday orders for new homes tumbled 37 percent last quarter and that the spring selling season has begun more slowly than usual, suggesting a deepening of the U.S. housing downturn.

Popularity: unranked [?]

Unplug your cable
Frugal $ense winner Courtney Heins invests the $60 a month she saves on TV and plays music and volunteers during her newfound free time.

Best time to buy anything
The retail world moves in cycles with low prices appearing at predictable intervals. Knowing when to buy helps score the best deal.

Getting pre-approved helps you to alleviate some of the anxieties that come with home buying.

Be a better valentine without spending a lot
You don’t have to spend a fortune to plan a great Valentine’s Day. You don’t have to go the traditional candy-and-flowers route, either.

Never hurts to ask for a refund
Frugal $ense winner Brenda Miller has no problem asking for a refund when prices drop below what she paid.

Popularity: unranked [?]

Today’s single agent actually does 14 different jobs in the home selling and buying process.

Car lease sound too good? Check fine print
Dealers are pushing lease deals these days and some of them sound too good to be true. The catch is often found in the yearly allowable miles, says Bankrate’s car expert Terry Jackson.

As a poor mortgage candidate, you will most likely have to pay a higher interest rate or extra insurance.

Don’t pay estate bills with your money
When your father died, money in the joint account becomes yours, not the estate’s, says Dr. Don.

What you want is different from what you need, so be practical.

You co-signed and now you owe the debt
Since you co-signed for the car loan, you’ve got to be the grownup and choose among some bad options, says the Debt Adviser.

Popularity: unranked [?]

For many homeowners, the change in monthly mortgage payments is not something they want to risk, even for a currently lower interest rate.

For the homeowner in search of a home equity line of credit the availability of interest-only home equity credit lines has drawn the interest of many who seek to benefit from the value of their homes.

Not surprisingly, governments, be it national or local, are always possessing homes from citizens and constituents who have in one way or another screwed out resulting to the confiscation or sequestration of their homes.

Popularity: unranked [?]

An expired listing is a home that did not sell within the contractual term of a listing agreement.

As such, buying a second house (using a 2nd mortgage or otherwise) is one of the preferred routes for channeling money for investment purposes.

Popularity: unranked [?]

Home sales at second glance
If you’re in the market to buy a house, but you’re not in a hurry, this might be a good time to wait and here’s why.

Home sales drop like a rock
New home sales plummeted in February. If these numbers are accurate, the national real estate market is in more serious trouble than I thought.

Senator gets all up in Alan’s grill
People are still bustin’ Alan Greenspan for touting adjustable-rate mortgages in particular and “constructive innovation” in home loan financing in general three years ago.

You need to check out the interest rates, the length of repayment period, and the monthly installment amount, among others and ensure that you are comfortable with what the lender offers you.

Are we really rational?
At least one person believes that people make sensible, rational decisions when they buy houses. Also when they buy lottery tickets smoke cigarettes, and marry psychos.

Popularity: unranked [?]

Home sale price often hinges on your need for selling
Pricing your home depends on local market conditions, your current mortgage payment and your motivation to sell. Waiting for top dollar might cost you more than you gain, says Steve McLinden.

How to negotiate huge overdue tax bill
Owing $64,000 in back taxes calls for immediate action with a CPA, enrolled agent or tax lawyer, says the Bankruptcy Adviser.

Binding arbitration can tie up consumers
Like it or not, these consumer unfriendly contracts bind your hands legally.

The key is to understand the terms of the loan along with the advantages and disadvantages, and make a decision that will allow you to build wealth and achieve financial success.

Use inherited cash for investment or mortgage?
First you need to get together with a financial planner, says Dr. Don.

Apartments and homes are great to rent - although most these days will cost you just as much as a mortgage payment - which doesn’t make any sense at all.

Negative amortization is a bad idea
With a refinance, you’re just moving your debt around, says Dr. Don.

Popularity: unranked [?]

Mortgage Rates Hold Steady While Applications Fall

In its report of the results of its Primary Mortgage Market Survey for
last week, Freddie Mac took some credit for the stability in
mortgage rates in spite of the turbulence in the
subprime market.

Frank Nothaft cited the mixed signals sent by recent reports about the
direction of the housing market for stabilizing rates. “The rise in
existing home sales in February to a 6.69 million unit pace, the highest
level since…”

Read More Now

Mortgage Applications and Rates See Little Change

Frank Nothaft, Freddie Mac vice president and chief economist
indicated that the market was in a holding pattern. “Mortgage
rates were stable this week as the bond market took readings on
producer prices and consumer prices in stride,” he said.

“Looking
at the housing market…

Read More Now

Both options allow you to cash in on the equity already paid into your home mortgage and use it to get yourself out of debt.

Mortgage Rates Flatten As Does Application Activity

Mortgage rates were essentially unchanged during the
week ended March 15 according to Freddie Mac’s Primary Mortgage Market
Survey.

The only real change was in the one-year
Treasury-indexed ARM which…

Read More Now

Choosing the best mortgage rate for yourself, starts with choosing what type of mortgage rate (fixed or adjustable) is more suited to you.

Cyberhomes.com is Latest Competition for Zillow

It seemed time to check on Zillow again and, while we
were at it, to take a look at a couple of relative newcomers to the home
values genre of websites.

We had been told about two other real estate oriented sites of
relatively recent origin; www.cyberhomes.com and www.my-
currency.com…

Read More