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Selected category: Mortgages
Five Tips for Beating Buyers Remorse
Buying a home is a great experience, but it can be an overwhelming experience. As a result, some home buyers have a sense of buyer's remorse for a little while after the purchase.
Read →Average 30-year mortgage rates dropped for the sixth week in a row to 5.02% according to BestCashCow/Informa data. That's down from the high of 5.20% in early April.
Read →Common Misrepresentations by Home Sellers
Unfortunately, you cannot always truest sellers of a home. Here are some common things that sellers misrepresent when they are trying to get a buyer to purchase their home.
Read →Mortgage Rates are Still at Record Lows
Despite some ebbs and flows in the mortgage rates, you can still get a rate near record lows. But how long will that last?
Read →30-Year Mortgage Rate Drops to 5.06%; 5 Year ARM Down to 3.82%
After surging to 5.20% four weeks ago, the 30-year average mortgage rate has drifted down. Today's average rate is 5.06% versus 5.11% last week according to BestCashCow/Informa data. The end of the Fed's MBS buying program has been met by a shrug of indifference by the market. Part of the drop is also due to the decline in Treasury bond yields, which hit a six week low today.
Read →New Mortgage Bailouts Cause Controversy
As if the Obama administration does not have enough problems, the new mortgage bailouts are causing people to become even more disgruntled.
Read →Goldman Sachs Under Fire for Mortgage Deals
The Goldman Sachs controversy has dominated the news lately. Earlier this week, officials from the investment company went to Capitol Hill to answer some questions. Here are some highlights from that event.
Read →Wells Fargo Holds Workshops for Distressed Homeowners
Wells Fargo decided to take some aggressive actions to help out distressed homeowners. The lender's recent workshop is just one of the ways it has shown its concern for its customers.
Read →A few suggestions to help you avoid delays in receiving the homebuyer tax credit before the deadline.
Read →30-Year Mortgage Flat While 5-1 ARM Rate Drops to 3.86%
After breaking through 5% and surging to 5.20% three weeks ago, the 30-year average mortgage rate has settled in and declined slightly. 5/1 ARMs rates continue their decline.
Read →Answers from a Mortgage Expert
Have you had questions about the mortgage industry in general? Here are some highlights from a recent interview with a mortgage expert.
Read →Mortgage Terms You Should Know
Have you ever heard someone in the mortgage industry use a bunch of terms that you didn't know? We're here to help. Here are some common terms used in the industry to help educate you.
Read →Short Sale versus Foreclosure
We discuss the foreclosure option for struggling homeowners, as well as the popular alternative: short sales.
Read →Is a 40-Year Mortgage a Viable Option for You?
The 40-year mortgage is becoming more and more common in the housing industry. Is a 40-year mortgage right for you?
Read →FAQs about the First-Time Home Buyer Tax Credit
There are many questions about the first-time homebuyer's tax credit. With it set to expire in just a couple short weeks, we'd like to answer some of those questions so you can take advantage of it while it is still available.
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