Real Estate Articles
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Loans & Mortgages
Banks, U.S. near deal on subprime mortgages
Banks, U.S. near deal on subprime mortgages, an article from MSNBC.com, reports that the White House administration is working with the industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels.
Real Estate Articles
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Loans & Mortgages
Borrowers receive hands-on assistance
Borrowers receive hands-on assistance, an interview from The Denver Post, reports that Karen Harking, director of home finance with the Colorado Housing and Finance Authority, said CHFA requires and pays for all of their borrowers to attend homebuyer education, which has helped keep the current delinquency and default rates at a minimum.
Real Estate Articles
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Loans & Mortgages
Homeowner Protection Bill
House passes homeowner protection bill. The proposed legislation aims to crack down on lax lending practices; faces uncertain future in the Senate.
Real Estate Articles
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Loans & Mortgages
Leverage Your Cash Flow With PMI
If you’ve owned a home or shopped for one, you undoubtedly know that lenders require Private Mortgage Insurance (PMI) when a down payment totals less than 20 percent of a home’s purchase price. Although no-PMI loans are available at a slightly higher interest rate, it pays to know the facts about mortgage insurance.
Real Estate Articles
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Loans & Mortgages
Mortgage applications rise
Mortgage applications rise, an article from CNNMoney.com, reports that according to the Mortgage Bankers Association's weekly application survey, mortgage application volume increased 2.5% for the week ending December 7.
Real Estate Articles
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Loans & Mortgages
Mortgage-Relief Legislation Advances In Congress
Mortgage-Relief Legislation Advances In Congress, an article from RealEstateJournal.com, reports that a piece of housing legislation that would give bankruptcy-court judges more flexibility to alter the terms of certain mortgages has been agreed upon by several House Judiciary Committee members.
Real Estate Articles
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Loans & Mortgages
Reverse Mortgages: The Choices Expand
It may sound hard to believe, but one part of the mortgage market is hot: reverse mortgages. And that's giving older homeowners more options to tap the equity in their homes -- but also opening the door to more confusion and mistakes.
Real Estate Articles
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Loans & Mortgages
Simplifying the Loan Process
Ask a home buyer what gets them excited about buying a new house and they’ll talk about imagining their dream home, taking tours and visiting open houses. Applying for a loan or securing financing for that new home, however, isn’t always the most enjoyable process.
Here are some helpful hints to make the loan process easier for you, and let you focus on the fun part—falling in love with your new home.
Real Estate Articles
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Loans & Mortgages
Treasury to unveil details of mortgage plan
Treasury to unveil details of mortgage plan, an article from MSNBC.com, reports that on Thursday, President Bush is set to unveil details of a plan to help head off a wave of mortgage foreclosures hitting homeowners whose adjustable-rate loans are resetting to monthly payment they can't afford.
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