Decided to take out a second mortgage? These simple tips may help you to save significant amounts of money down the line! Check this article out to learn more.
A mortgage debt forgiveness plan has been proposed to forgive the debt of foreclosure victims. The estimated cost of the proposal is nearly $1.4 billion over the next ten years. To make up for the money that will be lost, the government will restrict the tax breaks currently available to homeowners.
During the second quarter of 2007, the Homeownership Preservation Foundation received a record number of calls from homeowners who were facing foreclosure. This comes as no surprise given the wave of foreclosures sweeping the nation, and yet some of the statistics the foundation compiled after taking the calls are rather shocking.
From the mortgage application fee to the settlement fee; here is a list of fees you can expect to pay when purchasing a house.
A biweekly mortgage can save you thousands of dollars over the life of your loan. Got your attention? Read this piece to learn more!
Newspaper ads and mortgage websites offer accurate data, but interest rates and other variables change so rapidly. The best way to get what you need is to go out and shop.
Faced with rising mortgage rates in the coming year, many homeowners will be forced to accept significantly higher monthly payments. Changing to a fixed rate mortgage, while eliminating the risk of payment shock, will normally increase your monthly payment. It is because of this that 2007 should be a watershed year for adjustable rate mortgage holders.
How is it that home mortgage lenders in the same market can offer such different rates? Why is it that my bank branch can't get the same rate on a loan from their parent company as my home mortgage broker? Read on to find out why all mortgage lenders can't, or won't, compete on the same playing field.
Many tax advantages come from buying and owning real estate. From mortgage deductions to remodel write-offs, here is what you need to know.
A home equity loan can be a great option for some consumers, and a completely horrible one for others. Here is what you need to know to know before borrowing from your equity.
Real estate investors were one a rare breed, but in recent years, more and more everyday people have gotten into the business of house flipping. While entrepreneurship is a good thing, many of these wannabe investors are finding themselves saddled with houses they can't sell and looming foreclosures.
As home prices fall across the nation, lenders are becoming more unwilling to write loans for home purchases in some geographical regions. The result is that financing is almost unattainable in certain areas.
A NYC real estate broker announced Monday that he has developed a comprehensive plan to oil our economic engine and bring the housing market from bust to boom in only 30 days time.
Income property is a tough investment. Many are lured by the thought of recurring revenue and property appreciation, but results depend on savvy investment skills.
Real estate sales seem to be slipping from the lofty levels of a few years back. Is it wise to wait out the bubble for a better price? It may or may not be wise to purchase a home in this market, but real estate market timing has proven to be a tough thing to accomplish.
The internet offers some great tools that can save you thousands of dollars on a mortgage. Here is a roundup of what is offered.
Alternative financing, known as high-risk financing in some circles, has become very popular among U.S. borrowers. Interest only loans and other types of creative mortgages have allowed some to bypass traditional methods and buy a home. One senator warns that these borrowers may not fully understand the risks associated certain mortgages. The warning could prompt new, and stricter, lending guidelines.
If your home is destroyed, homeowners insurance policies will often cover the value of your personal belongings. But make sure you have the right coverage.
A consumers credit score partially determines the mortgage rate on a loan. A bad score can cause a loan to be too expensive. Luckily some programs exist that can make borrowing a little cheaper. Here are some homebuying helpers in NJ.
Many people believe having a big, long mortgage is beneficial since you can write off interest payments, but only under certain circumstances is that true. Check this article out to learn more!