Thanks to the housing recession, reverse mortgages have become increasingly popular. Yet, despite their rise in popularity, getting a reverse mortgage is not necessarily right for everyone. To that end, it is important to explore the pros and cons and to learn more about the ins and outs of a reverse mortgage when trying to [...]

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Are you among the many people trying to figure out a way to pay their mortgage and stop foreclosure? Across the country, times aren’t easy right now and more people than ever are losing jobs, leading to other financial problems like keeping up on house payments. Everywhere you look there are companies offering to stop [...]

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According to a Reuters article released at the beginning of the month, mortgage rates throughout the United States had remained at or near record lows during the last week of May. Furthermore, the 30-year fixed rate came in at ½ percentage point lower than where it was at just one year ago. Additional reports indicated [...]

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Ok, so you have finally found that dream house you’ve always wanted. The price is right, and you’re ready to finalize the purchase. But wait! If you are not one of the fortunate few who can purchase the home with upfront cash, then you need financing, right? Now comes the hard part, what type of [...]

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If you have fallen behind on your monthly mortgage payments and are faced with foreclosure, a mortgage loan modification may be a viable solution. What is a mortgage loan modification? Simply put, it is not a new loan; but an agreement between you and your lender to modify one or more of the terms of [...]

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Forbes recently released an interesting article on common mortgage scams, something that is appropriate for Buyers, and those interested in refinancing, to look over before they consider moving forward with a lender. Scam artists may promise to save cash-strapped home owners from foreclosure but then, instead, steal their money or any remaining home equity. Such [...]

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The Wall Street Journal did a recent piece on racking up points onto your credit score that is rather timely given the tightened lending practices that we are seeing out there. Here are some of their top points to consider when trying to improve your credit score, which can range from 300 to 850. On [...]

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The Federal Reserve is in the midst of considering a plan that would curtail the types of subprime products lenders can offer, prohibit certain misleading disclosures, and limit the compensation of mortgage brokers. What makes this news somewhat significant? The Federal Reserve’s plan is forward thinking, and despite being reactive, is perhaps one of the [...]

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You read about it every day, literally. You hear about subprime mortgages, a credit crisis, and tightening of the credit and financial industry. What do these things actually mean? Do you really know, or have your eyes glazed over after reading headline after headline (after headline…) about subprime mortgages? Let’s take a look.

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There is a large, and growing group of people who are crying foul, that is, renters. It was only a matter of time before the economic tsunami of the “credit crunch” overwhelmed innocent victims, and we give Kelly Evans of the Wall Street Journal kudos for breaking the story. Our Caution: We are highlighting, and [...]

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