Mortgage & Refinancing Information

Buying a home after a foreclosure is not an impossible task. With some careful planning and some savvy shopping, you can secure a mortgage loan even with a foreclosure in your credit history.

Home Loans For People With Adverse Credit History


Whether you are planning to purchase a home for the first time or refinance an existing mortgage, plan on comparing lending companies before you accept a financing offer if you have adverse credit history. Sub prime lenders specialize in offering loans to people who have a high-risk credit history.

How Much Home Loan Can I Afford?


Have you ever asked yourself how much home loan can I afford? If you know how much of a payment you qualify for before shopping for a home, your purchase will go much smoother and it can save you a lot of headaches.How would you like to find the perfect place to live then not know if you can qualify for the loan? Long before you even start looking for your home, you need to know how much home loan you can afford.

The Best Way To Get The Right Mortgage


Are you thinking of buying a home? If so, then there are many things that you need to research first. For example, do you know what a mortgage is and do you know all the details of getting a mortgage? The more you know before you get into it, the easier the whole process will be for you.

Who Could Benefit From A Reverse Mortgage?


What is a "Reverse Mortgage?"Also known as a Home Equity Conversion Mortgage (HECM)a reverse mortgage,is a popular way older homeowners (62+) can convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payments.Before explaining a reverse mortgage, let's review the features of a Standard Mortgage:With a standard loan or mortgage, your income stream is used to 'qualify' for the mortgage or loan.

Debt Counseling - Healing Touch for the Ailing Finances


The financial stories remain similar over the months and the years. With debts becoming a nuisance, people make resolutions and resolve to stand by these resolutions.

Bad Credit Remortgage Loan: When Bad Credit Plays Mischief With Your Mortgage


Financial difficulties are married to bad credit. It is a tough marriage but can be peaceful with a little bit of counseling.

UK Mortages: A Guide Through The Maze


Types of UK MortgagesYou may be wasting your money with the wrong type of mortgage. Knowledge is power.

Your Mortgage Rate Compare and Save


When trying to obtain the best mortgage rate compare offers from several lenders or brokers. Know how much of a down payment you can afford, and find out all the costs involved in the loan.

Residential Mortgages - a Step Ahead on the Property Ladder


Doesn't Residential mortgage give the impression that they are a different breed of mortgages? They are often thought at the first instance to be a complex term, which they aren't. They are actually the regular mortgages that we hear of so often.

What to Really Expect for Closing Costs


Closing on a property is a very challenging time for a would-be homeowner. Being informed, either through your mortgage broker, your real estate agent, or through self knowledge is the best thing you can be when going through this procedure.

What Length Mortgage Is Right For You?


You've found the home that is right for you, and now you need to do the same thing for a mortgage. There are several options for people out there, each one designed for a different type of buyer.

Some of the Available Loan Types


There are many mortgage products available on the market today. We can help you find out which one is right for you.

Ending Your Private Mortgage Insurance Early


Private mortgage insurance, or PMI, is the safety net of the lender. PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties.

VA Loans, A Gift from Uncle Sam


Uncle Sam has a gift for the men and women who serve our country. It is the VA loan.

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Latest News


Earthtimes (press release)

Mortgage Rates for Best Borrowers Rise as Bonds Slump (Update2)
Bloomberg - 3 hours ago
21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on US home loans, even for borrowers least prone to default. ...
Fannie, Freddie: Plunge then rebound CNNMoney.com
Business Highlights Forbes
Freddie and Fannie Bail-Out Imminent Sovereign Society
FT Alphaville - Forbes
all 1,814 news articles

Housing And Economic Recovery Act
Mondaq News Alerts (subscription), UK - 9 hours ago
The Act also expands the target population served by the FHA and creates the "Hope for Homeowners" voluntary FHA-insured mortgage refinance program. ...

COMMENTARY: FHA is riding to the rescue, taxpayers beware
Reuters - 5 hours ago
(Ann Schnare is an economist specializing in housing and mortgage finance. She was former senior vice president for corporate relations at Freddie Mac and ...
Consumers feel fallout from Fannie, Freddie CNNMoney.com
all 48 news articles

US MBA's Mortgage Applications Index Fell 1.5% (Update1)
Bloomberg - Aug 20, 2008
... as fewer homeowners sought to refinance their loans The Mortgage Bankers Association's index of applications to buy a home or refinance a loan dropped ...

US mortgage applications hit 8-year low
Times Online, UK - Aug 20, 2008
... mortgage applications fell to an eight-year low last week as Americans delay or abandon purchases and fewer people seek to refinance their loans. ...

How to assume the mortgage of a troubled homeowner
MarketWatch - 34 minutes ago
I am (and was for a while) looking to refinance my four-unit owner-occupied property in Santa Monica, Calif., but I am having a hard time finding a good ...

Mortgage application volume hits multiyear low
The Associated Press - Aug 20, 2008
And while fewer new homes are being built, fewer customers are also refinancing existing mortgages. A sharp drop in refinance volume in recent weeks has ...

Housing market keeping couples together
Chicago Sun-Times, United States - 5 hours ago
If one wants to keep the home, it's difficult to refinance the mortgage so the departing spouse can be cut loose from the debt. And evaporated home equity ...

Mortgage volume fell 1.5% last week: MBA
MarketWatch - Aug 20, 2008
The MBA survey covers about half of all US retail residential mortgage applications. The volume of refinance applications fell an unadjusted 3.7% compared ...

Mortgage applications slide, even though interest rates drop
USA Today - Aug 20, 2008
The association said the refinance share of mortgage activity slipped to 34.8% of applications from 35.2% the previous week. The adjustable-rate mortgage ...

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