Mortgage & Refinancing Information

If you do not wish to commit to living in one place for at least a few years, then owning a house is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner.

Home Equity Lines of Credit - the Basics


A Home equity line of credit is a loan which is similar to a credit card. These often have a very low interest rate (In most cases even lower than home equity loans).

Home Equity Loans


Home equity loans are a popular way for homeowners to borrow money using the equity in their home as collateral. With this type of loan you can use the equity in your home to finance a multitude of things, from home improvements to large purchases and more.

First Time Home Buyer Loans Made Easy


When it comes to firsttime home buyer loans, a little research can save you thousands of dollars over the life of your mortgage.A wise consumer selects a mortgage lender prior to shopping for a home.

Refinancing Your Mortgage Can Really Save You Money


Refinancing a mortgage is simply taking out a new mortgage. It means paying off one or more old debts by getting a new loan.

When Not To Agree To A Home Equity Loan


Before you borrow money on your home's equity, think twice so you don't end up paying more than you expected.According to the Federal Trade Commission, homeowners-particularly elderly, minority and those with low incomes or poor credit should be careful when borrowing money based on their home equity.

Home Mortgages: Does a No-closing-cost Loan Make Sense for You?


I have heard a number of radio ads and have seen many newspaper ads offering "no closing cost" home mortgages. These ads will tell you that you can get a new mortgage or refinance your existing mortgage at absolutely with absolutely no closing costs.

7 Credit Improving Steps You Must Take Before Applying For A Mortgage


If you think you have good credit, think again. Chances are there is something on your credit report that can effect your credit rating; this type of news is particularly alarming if you are shopping for a loan or applying for credit.

Mortgage Advice


In the US today more households have mortgages than ever before. In fact the chance of you having or knowing someone who is paying off their mortgage is greater than 50%.

Home Loans - Repair Credit Errors in Three Days!


Most consumers are aware that a history of paying bills late or not at all can hurt one's ability to obtain a loan. All financial transactions are recorded by three credit bureaus and offered to lenders upon request in the form of a credit report.

Look For a Great Mortgage Online


People who are looking for a mortgage today have many more options than those who were searching for a mortgage a few years ago, thanks to the Internet. Consider how technology has changed the way we do many things, including shopping for products and services - including loans and mortgages.

Home Equity Loan Tax Deductions


Interest - is an amount you pay for the use of borrowed money.Several lenders are currenty offering amazing deals for 125% home equity loans.

Reverse Mortgages - A Tax Free Income For Senior Citizens


I fully realize if it sounds too good to be true, it probably is and There Ain't No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg.

Things that You Need to Know before Financing Your Home


Frequent Asking Questions:What are Points? A. There are several types of mortgage related costs called "points" and their definitions and purposes vary.

Biweekly Mortgage


The biweekly mortgage has been around for years but with the recent media attention to the real estate industry in general and the mortgage industry in particular, the biweekly has been getting thousands of home owners to use this simple, yet powerful, way to speed up the principal payment process. Why is this so popular? How does it work? How can I do this?Here is why this is so popular to hundreds of thousands homeowners.

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Latest News


ABC News

Two-Thirds of Homeowners Might Find Hope
Housing Wire - 2 hours ago
Two-thirds of homeowners surveyed in September said they met criteria for a mortgage refinancing program available through Hope for Homeowners, according to ...
CCCS of Greater Atlanta survey: 65% qualify for housing bill relief Bizjournals.com
Federal bailout lacks control of home loans to aid owners Boston Globe
Bailout skips strapped homeowners, advocates say San Jose Mercury News
MLive.com - Boomers-Bank
all 501 news articles

Mortgage Loan Applicants Are Welcomed at Family First Federal ...
MarketWatch - 9 hours ago
The credit union provides various mortgage services including construction loans, mortgage refinance and home equity options. Anyone who lives, works, ...

Maktoob Business (press release)

Cox Announces Michigan Settlement With Mortgage Lender Countrywide
MarketWatch - 5 hours ago
As a result of the negotiations, Countrywide must offer to refinance thousands of Michigan mortgages, provide millions in financial assistance and stop ...
Bank of America: Deal Reached in Countrywide Mortgage Claims Seeking Alpha
Bank of America settles lawsuit over bad mortgages Chicago Tribune
Bank of America in Settlement Worth Over $8 Billion Wall Street Journal
MiamiHerald.com - Reuters
all 1,118 news articles

Christian Science Monitor

Mortgage refinancing wave seen silver lining to market woe
Reuters - Sep 15, 2008
Yields on mortgage-backed securities that also dictate rates lenders can offer also fell, albeit to a lesser degree. The 30-year fixed rate on Monday ...
Lower rates don't guarantee homeowners can refinance Seattle Post Intelligencer
Applications to refinance mortgages surge as rates drop below 6% USA Today
Fickle Mortgage Market Demands Quick Decisions Washington Post
Boston Globe - Newsday
all 221 news articles

Many pieces go flying from mortgage implosion
Dallas Morning News, TX - Oct 5, 2008
"People were [refinancing] to pay off other debts," said Ms. Watson. "The saying was, 'Why get a car loan when you can get a mortgage loan and write off ...
Crisis puts us all in same boat The Times-Picayune - NOLA.com
Protect Taxpayers Hartford Courant
all 112 news articles

Not Everyone Should Own a Home
Wall Street Journal - 9 hours ago
Americans can take out a mortgage more or less as a one-way bet. If you can't afford the repayments and can't refinance, you just send the keys back to the ...

Marwan Bin Ghalita
Kipp Report, United Arab Emirates - 1 hour ago
Last year, Amlak announced plans to become a founding shareholder of the Egyptian Mortgage Refinance Company (EMRC) through Amlak Egypt. ...

How You May Qualify For a “Short Pay” Refinance
TransWorldNews (press release), GA - 5 hours ago
If you are upside down and have no lates on your mortgage, you may qualify for what is called a “Short Pay” refinance. Basically, what the Government is ...

homesaverprogram.org Loan Modification Saves Desperate Couple from ...
MarketWatch - 8 hours ago
The mounting medical bills prompted the couple to refinance their $350000 home in Chicago, IL, from a $200000 30-year fix-rate mortgage at a 6.0% interest ...

Commercial real estate feels pinch
Minneapolis Star Tribune, MN - 9 hours ago
Most of the ones Bushman said he's familiar with involved small retail properties that failed to attract tenants or were unable to refinance. ...

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