Articles

Selected category: Mortgages

Low Mortgage Rates Are Not for Everybody

With all of those low mortgage rates advertised, how many people will actually qualify for them? What qualifications are needed for these record-low mortgage rates?

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Are You Part of the 22 Percent of Homeowners Having Trouble Making Their Mortgage Payment?

A new survey shows that nearly 1 in 4 homeowners are having trouble making their mortgage payments. But is that really bad news compared to last year?

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Why You Should Buy a Home This Year

With the mortgage industry emerging from one of the worst debacles in history, could this year be the year you become a homeowner?

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Mortgage Application Rate at a Six-Week Low As Mortgage Rates Rise and Purchasers Wait for Further Home Price Drops

With fewer people applying for mortgages lately, what does it mean for the housing industry? What other factors are contributing to the declining number of home buyers?

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More Consumers are Paying Credit Cards, Not Mortgages

While there are still many people who are foregoing their mortgage payments while paying their credit card bills, the numbers seem to be getting better. Could that mean there is good news for the economy?

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What are the GOP’s Plans for Mortgage Reform?

The Republicans in the House are unhappy with the current legislation surrounding mortgage modifications and relief. But do they have better solutions for the problem?

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Four Benefits to Paying Off Your Mortgage Early

There are several benefits you can enjoy from paying off your mortgage earlier than previously scheduled. Here are four of those benefits.

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Three Common Mortgage Scams and How They Rip You Off Image lovemoney.com

Three Common Mortgage Scams and How They Rip You Off

Have you been the victim of a mortgage scam? Have you heard of someone who has been a victim? Here are three common mortgage scams and how they work so you can know what to look for if it ever happens to you.

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How to Avoid Becoming the Victim of a Mortgage Scam

In a previous article, we told you about the common mortgage scams that have been going around for year. Here are some ways to prevent yourself from becoming a victim of one of these scams.

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Is a Federal Housing Administration (FHA) Loan Right for You? Image shutterstock

Is a Federal Housing Administration (FHA) Loan Right for You?

Conventional mortgages are keeping some people from purchasing a home because they can't save up a down payment. But an FHA loan requires a smaller down payment and they are also more flexible. Do you think an FHA loan would be right for you?

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Will Mortgage Changes Hurt the Housing Industry? Image Image courtesy of tiramisustudio at FreeDigitalPhotos.net

Will Mortgage Changes Hurt the Housing Industry?

Few people can argue that there is no need for changes in the mortgage industry. But are the changes being proposed by Congress and the government the best way to turn things around?

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US's Home Affordable Modification Plan Has 25% Success Rate Image Image courtesy of fantasista at FreeDigitalPhotos.net

US's Home Affordable Modification Plan Has 25% Success Rate

Many people are calling HAMP an unsuccessful flop and a waste of money. Was it a success? And if not, what more can be done to help those homeowners who are having problems making their mortgage payments?

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If you are having trouble making your mortgage payments each month, refinancing your home may be the best option to help you stay in your home.

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Mortgage Rates Back Down for Second Consecutive Week Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Mortgage Rates Back Down for Second Consecutive Week

Mortgage rates have dropped for the second week in a row. What are the current mortgage rates and how can you find the best deal for you?

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Average Foreclosure Takes 17 Months Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Average Foreclosure Takes 17 Months

Did you know that the average homeowner that is in the middle of a foreclosure has not made a single mortgage payment in the last 17 months? Now that’s an average. That means there are some homeowners who have held on to their mortgage payments even longer while some are not that far along. But an average of 17 months is a long time regardless. Especially when you consider that the average length of time for the same situation only two years ago was at 11 months.

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Featured - 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.955% 6.875% 0.63 $2,594 $2,103 Learn More
PADDIO
NMLS ID: 1907
7.093% 7.000% 1.00 $3,002 $2,129 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250% 0.75 $2,400 $2,183 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More