Thinking about buying a home next year? Need a mortgage to help pay for it? If so, you should review the checklist below to make sure you have what it takes to qualify for a mortgage loan in 2010.
It’s Harder to Qualify for a Loan These Days
We will discuss how to qualify for a home [...]
Most of the time, mortgage lenders do what they are supposed to do. They disclose all of the information they are required to disclose. They handle payments and service the loans accurately. They play by the rules. But sometimes, mortgage companies step outside the legal lines.
If you feel your lender is treating you wrong or [...]
Homeowners seeking a loan modification must learn to help themselves, or they will fall by the wayside. Fortunately, a new educational DVD from a trusted name in personal finance explains how to do it.
“While 15 percent of eligible homeowners have been offered help through the mortgage modification program, the low rate of actual mortgage reductions [...]
What is the adjustable rate mortgage and how does it work? When should a first-time home buyer consider using an adjustable rate mortgage, and when should it be avoided? These are the questions I would like to address in today’s lesson.
A Definition to Start With
But first, let’s start things off with a basic definition of [...]
For the first part of 2009, the average interest rate on fixed-rate mortgages hovered around 5% — fairly steadily. But in the last month or so, those rates have seen more turbulence. Watching the weekly mortgage summary on Freddie Mac’s website was like watching a roller coaster. And right now, the roller coaster is dropping [...]
Summary: Where can first-time home buyers find down payment assistance in the current economy. In this article, we will talk about the different programs and options that are available in 2009.
So, you’ve decided to enter the housing market and buy your first home. You’re excited about finding a place of your own, so you start [...]