Congress and the President are very close to agreeing on and passing the Housing and Economic Recovery Act of 2008. This is likely good news for the real estate and mortgage markets across the country. However, down payment assistance programs are under consideration for being discontinued. This is bad news and something that will likely hurt consumers looking to buy homes and invest in communities.
Tag Archives | Mortgage Payments
Recent changes in the housing market is making it more difficult for sub-prime borrowers to make their payments. Some are even facing the doom of foreclosure. Here are six ways you can avoid getting into trouble.
Your monthly mortgage payment may include taxes and insurance which can be made through an escrow account. But what is escrow and how does it work?
Think you should always stick with a traditional 30-year fixed-rate mortgage? Afraid of adjustable rate mortgages? Well, there are some good reasons why an adjustable rate mortgage can be more sensible than a 30-year fixed.
Long-term interest rates are near historic lows, making it a good time for investors to refinance your investment property. You can increase the equity in your investment property by remodeling or you can convert the equity into cash to invest in additional properties.
If you've never bought a house before, you're probably very intimidated by the idea. Do you know what you should look for in a home? How to find the right real estate agent? How to get financing for the home? Many first-time home buyers don't where to start. But it doesn't have to be scary or difficult. Here's a step-by-step breakdown.
There are literally hundreds of mortgage loan “products” in the market these days, many of which are structured to provide homeowners flexibility. Option ARMs are made specifically to offer flexibility. But everyone is different and has different needs, so there isn't a one-size-fits-all. How do you choose the right Option ARM?
What is interest and why are interest rates so important? How does interest factor into my mortgage payment? Get the basics about interest and interest rates.
Looking for a home? Then you're probably also getting a mortgage. But fear not: closing on a mortgage is no longer as scary or complicated as it was for your parents. So what happens during the closing and who's involved?
Don't fall victim to the myths you've heard about handling your mortgage. Read today's myth and find out why it's not always best to pay off your mortgage as soon as possible.