Can I get another mortgage loan after going through a foreclosure process? Unfortunately, this is going to be a fairly common question in American, for years to come. We saw record-breaking numbers of foreclosures from 2008 - 2009, and 2010 is shaping up to be another bad year for the housing industry. So let’s examine [...]
Foreclosure | 
February 8, 2010 2:09 pm | 
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Question: “When does mortgage refinancing make sense, in general? What is the rule of thumb for a refinance, in terms of doing it right?”
To answer this question, you have to identity your primary goal for refinancing. If you’re able to achieve that goal through the refi process, then it might make sense to move forward. [...]
Mortgage Refinancing | February 7, 2010 8:34 am | Comments Off
Legal Note — I make no claims or assertions about FreeCreditReport.com, other than sharing this data relating to their BBB record (which is public record). The data reported in this article was taken from this page on January 7, 2010.
FreeCreditReport.com has racked up more than 11,000 Better Business Bureau complaints over the last 36 months. [...]
Credit Scores | January 7, 2010 4:14 pm | Comments Off
Current mortgage rates are lower than they’ve been in many years. In fact, we saw record-low interest rates earlier this month. At the time this article was published, the current rate for a 30-year fixed mortgage was just over 5%. They may be higher or lower by the time you read this article.
But that’s not [...]
Mortgage Loans | December 27, 2009 1:13 am | Comments Off
How do I apply for a home loan modification under the Making Home Affordable program? What steps do I need to take when applying for a mortgage modification?
On the surface, this seems like an easy question to answer. But unfortunately, there’s enough misinformation posted online to keep homeowners scratching their heads in dismay. So I’ve [...]
Mortgage Loans | December 26, 2009 9:15 am | Comments Off
Question: “What kind of interest rate can I get on a federal student loan, and will it be higher or lower than the rate on a private loan?”
Before I answer your question (as best I can, at least), we need to go over some basic definitions. This is for the benefit of other readers who [...]
Student Loans | December 20, 2009 11:51 am | Comments Off
There are programs to help eliminate student loan debt, in exchange for some type of community or military service. This article gives a quick overview of how these programs work.
Each year, millions of young men and women use student loans to pay for college. And many of them graduate with a new diploma … and [...]
Student Loans | December 16, 2009 5:01 pm | Comments Off
This article explains how to price your house to sell quickly, and it reveals a trade secret that is normally kept under wraps.
Up the street from where I live, there’s a house for sale. The sign out front says that it’s “priced to sell.” Despite a decent amount of buyer activity in our neighborhood, [...]
Selling a Home | 4:06 pm | Comments Off
Fannie Mae (the bloated, greed-driven organization that hasn’t served a viable purpose in decades) is now requiring higher credit scores and lower debt-to-income ratios for borrowers. I’m all for tighter underwriting guidelines within the mortgage industry, and better regulation to boot. But I don’t think it should be coming from Fannie Mae.
But before I fly [...]
Economy | December 5, 2009 7:45 am | Comments (0)
Question: “I want to check my credit score because I’m applying for a mortgage loan soon. What’s the best way to check it without having to pay for other stuff I don’t need?”
This is a common question among home buyers. Here’s why. You see a website that offers you a free credit score, which is [...]
Credit Scores | December 2, 2009 1:54 pm | Comments Off