On Tuesday, the Bush Administration laid out a plan to rescue struggling homeowners and put an end to the crippling housing market. The plan is based around the mortgages held by now government-run Fannie Mae and Freddie Mac. The details of the plan are as follows…
Today is Veterans Day and it’s a special time for the millions of American men and women who have served (or still serve) in the U.S. Military. One of the top military benefits is the VA loan and here is why.
With change on the horizon after last night's election, it's only natural to wonder what “change” will come to the mortgage market as a result. Furthermore, what change to mortgage interest rates have U.S. elections stirred up in the past? We always hear rumblings about mortgage interest rates dropping after an election, but is there any truth to it? Should you refinance now, or wait it out a couple months for rates to drop? In order to find out, some number crunching is in order.
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in September rose 2.7 percent compared to August’s numbers.
The National Association of Realtors announced today that existing home sales in September increased 5.5 percent as compared to August 2008.
What’s so great about Reverse Mortgages? Senior homeowners want to know… and quite frankly, so do their kids. Right now, reverse mortgages are gaining popularity among senior homeowners. But why? Could it be because of the FHA's announcement of new loan limits?
There are a few common questions that mortgage professionals hear over and over again. It doesn’t matter what the market is doing or if the economy is booming or tanking. The questions are the same.
Mortgage rates have remained low, but ongoing financial unrest on Wall Street continues to have a negative impact on the national mortgage market.
With current market conditions spurring foreclosures, it only makes sense that buyers would want to take advantage of housing prices well under market value. But what’s the deal? Is this idea way too good to be true? Does buying a home that’s been foreclosed on make you a Good Investor or a Risk Taker? Here we'll explore the pros, cons and precautions to take when buying a foreclosed home.