Looking to Refinance, Modify Your Mortgage or Avoid Foreclosure? Know Your Options by Checking Here First. This tool helps you quickly determine if Fannie Mae owns your loan. If Fannie Mae does, you may be eligible for programs designed to make your mortgage more affordable—like the Home Affordable Refinance Program (HARP) or the Home Affordable Modification Program (HAMP)—or for
Read more %1$sIncreasing number of NYC buildings aren’t up to snuff for mortgages
Could your buildings finances prevent you from getting a mortgage? That’s what’s happening to more and more city residents. BY PHYLLIS FURMAN / NEW YORK DAILY NEWS MONDAY, SEPTEMBER 3, 2012, 3:21 PM Everything was going right, and the buyer was ready to make a move. He had been preapproved for a mortgage and had
Read more %1$sAfter You Say ‘I Do’ — Bad Credit, Your Spouse and Home Buying
1. Buy it Together Anyway: You can always ignore your spouse’s bad credit and buy the house together anyway. An admirable plan that will certainly result in a corresponding high interest rate and not something any personal finance experts would advise.
Read more %1$sConsumer Bureau Moves To Make Mortgages Clearer, Foreclosures Fewer
A “bank owned” sign in front of a home in Miami last October. Saying it wants “to protect homeowners from surprises and costly mistakes by their mortgage servicers,” the Consumer Financial Protection Bureau today proposed new rules it believes would make the home loan process simpler and give struggling homeowners more
Read more %1$sClosing Fees Ease Up
FOR some people, a major hurdle to homeownership is the closing costs that come on top of the required down payment. There are fees for everything from title searches to deed recordings, and if you happen to be buying in New York or New Jersey, you’ll find some of the highest costs in the country.
Read more %1$sStudy: Consumers taking out reverse mortgages earlier
Borrowaers risk running out of resources later in life By Eileen Ambrose, The Baltimore Sun Much of the wealth of millions of baby boomers is tied up in their houses — a sure sign we’re going to see a growing demand for reverse mortgages. These mortgages allow older homeowners to drain the equity in their
Read more %1$sThe scoop on reverse mortgages
By Mary Lindsleystltoday.com Reverse mortgages have been getting a lot of attention lately, perhaps because they seem like a great deal: You convert some of the equity in your home into cash, and you don’t have to pay it back until you sell the home. This type of loan can be beneficial, but first, do
Read more %1$sDefining Loan Types for Mortgages
author name unknown Defining Loan Types for Mortgages If you’re in the market for a house but don’t have the savings to pay for the entire property with cash, you can get a residential mortgage to cover the difference between your down payment and the sale price of the house. Read Article | Comment it
Read more %1$s620, 680 or 720? What credit score do you need for a mortgage?
Kirk Haverkamp 620, 680 or 720? What credit score do you need for a mortgage? What kind of credit score do you need to qualify for a mortgage? A new survey of bank executives by the Federal Reserve provides some answers. Read Article | Comment it
Read more %1$sFalling Home Prices vs. Rising Mortgage Rates
Peter King Falling Home Prices vs. Rising Mortgage Rates Article http://community.nasdaq.com Thinking about buying a home but afraid the housing market’s still too weak? Or maybe you’re afraid that interest rates will jump if you don’t act now? What’s the bigger risk? It’s a tough question and one that a lot of potential home buyers
Read more %1$s
