Shrinking mortgage range hits high-risk borrowers (The Scotsman: Business)
MANY people looking to move home are discovering good mortgage deals are increasingly hard to find, and this situation is unlikely to change for some time to come....more...How to Determine if it's Time to Refinance (Benton Evening News)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?...more... Peter G. Miller: Family in mortgage trouble should look into modifications (San Antonio Express-News)
Q: We purchased a house for $440,000 including closing costs and other fees September 2006. The house value then was $488,000. This year, we wanted to refinance so we could lower our monthly payment, but unfortunately the market value of property is said to be $418,000. Now we are facing a hardship paying our monthly mortgage, so I asked our lenders for a modification....more... Fixed-rate loans hurt borrowers (The Border Mail)
TAKEN out a fixed-rate home loan any time since 1990? Chances are your efforts to beat the Reserve Bank of Australia?s rate rises have cost you thousands of dollars in extra interest....more... State aims to ease mortgage crunch (Stamford Advocate)
HARTFORD - In the midst of a subprime loan crisis, the governor and state housing officials yesterday announced a $50 million initiative to keep low- and moderate-income residents in their homes. ...more... Should you pay off your mortgage, or not? (FundAdvice.com)
Good news! You have just had an unexpected windfall of $300,000, exactly the amount you still owe on your mortgage. Do you know what you would do? Would you rush to pay off your mortgage with your new-found cash, or would you keep your mortgage and invest the cash?...more... Ask the Biz Brain (The Star-Ledger)
I am trying to figure out the best way to take ownership of a house from a family member. The house is completely owned by the family member, but they no longer live there....more... Mortgage rates mixed as Fed cuts rate (Bankrate.com via Yahoo! Finance)
The benchmark 30-year fixed-rate mortgage declined a bit this week while ARM rates rose, according to the Bankrate.com national survey of large lenders....more... Hot Mortgage Trends (Benton Evening News)
(ARA) - Rates are up, rates are down. It's a buyer's market, it's a seller's market. If the housing market seems like a roller coaster for would-be buyers, that's because it is. But understanding the most current trends can help buyers know when to get on -- or off -- the ride....more... |