Wikipedia defines mortgage as: "While a mortgage in itself is not a debt, it is the lender's security for a debt." However it is considered good debt for consumers. When handled correctly, it can be and usually is your livelihood.
Reverse Mortgage vs Line Of Credit
Wed Aug 18, 2010 | | Posted in Mortgage
For so many years, we have been watching advertisements, featuring mostly Hollywood celebrities, spreading the word of reverse mortgage. It’s not for every retiree though. Who can take advantage of it? Those who are equity-rich but cash-poor can benefit from it. They can continue to live in their homes and generate extra tax-free cash flow. … Continue Reading »
Time Is Right To Refinance But Not For Everyone
Fri Jul 2, 2010 | | Posted in Mortgage
For the week ending June 24, the 30-year fixed-rate mortgage (FRM) averaged a record low 4.69%, down from 4.75% the week before and 5.42% a year ago, according to Freddie Mac’s weekly survey. The reason for the falling rate might be that credit is still not readily available for a variety of reasons, the biggest … Continue Reading »
Low Rates And Price Stabilization Lead To Housing Recovery
Fri May 7, 2010 | | Posted in Mortgage
There are signs that low mortgage rates and stabilization in home prices could eventually lead the housing market back toward long-term growth averages. As we all know over the past few years, the housing market has been hit with lightening [along with fear of thunderstorm] from the sub-prime credit crisis and the resulting global financial … Continue Reading »
Beware Lest You Become Victim Of Mortgage Fraud
Thu Apr 29, 2010 | | Posted in Mortgage
Dictionary defines fraud in its simplest form as deliberate misrepresentation and deception of anything – person or material. Immoral, unethical and outright violation of the law has been reported in the media over the last few years in industries such as mortgage, banking, and other financial sectors. One of the frauds that the Federal Bureau … Continue Reading »
Leading Indicators For Housing Market Send Mixed Signals
Tue Apr 27, 2010 | | Posted in Mortgage
Economists and housing market experts suggest there are many leading indicators to tell us whether the housing market is on a rebound. That means they can forecast the direction the economy is headed – up or down. However, none of the leading indicators by itself truly predicts the future of the housing market. Therefore, we … Continue Reading »
Tips How To Ease Your Mortgage Monthly Payments
Tue Apr 13, 2010 | | Posted in Mortgage
Because of the depressed economy and perhaps your jobless situation, you are having increasingly hard time to pay your monthly mortgage. On top of that, your home might not be worth as much as when you first bought it or perhaps refinanced it. Or it has become underwater mortgage [Under water mortgages are growing threat … Continue Reading »
Brisk Home Sales May Be A Result Of Brisk Foreclosures
Mon Mar 22, 2010 | | Posted in Mortgage
In numerous parts of the country, many more mortgage foreclosures have come to see the light of the day, or perhaps the darkness of the night. That has created a market for buyers who can afford to buy the dwellings at a reduced – in some cases, much reduced – price. In the opinion of … Continue Reading »
3 Tips How To Do Accurate Research For Morgage Refinancing
Mon Mar 15, 2010 | | Posted in Mortgage
As a homeowner, this might be a good time as any to refinance your existing mortgage. The interest rate is low, probably as low as it will ever get. Before you talk to your mortgage lender, I suggest you do research on your own. Homeowners who are considering re-financing but are not knowledgeable about the … Continue Reading »
Millions Of Households Cannot Qualify For Refinancing
Sat Feb 27, 2010 | | Posted in Mortgage
Refinancing for millions of households is next to impossible for the best interest rates. Statistics show that half of the nation’s borrowers have mortgages with rates above 6 percent even though the average rate on 30-year, fixed-rate mortgages has been about 5 percent for most of the past year, according to research firm First American … Continue Reading »
Tips How To Get Mortgage Loan At The Lowest Possible Rate
Sat Feb 20, 2010 | | Posted in Mortgage
The most important and probably the only criterion for getting mortgage loan at the most favorable and lowest rate is to improve and raise your credit score to as high as you possibly can. The higher the score, the lower the interest rate. Of course, at both ends of the spectrum, as with anything else, … Continue Reading »
