Articles

While a decrease in the number of foreclosures in some states makes the housing figures look promising, there are some states where the number of foreclosures is about to spike.

Two things come to mind when the name Mark Zuckerberg comes up. First, we have Facebook. Second, Zuckerberg is rich. In fact, he is a billionaire. So guess what the mortgage on his Palo Alto home in California is like. After refinancing, the rate Zuckerberg got was 1.05%. Yes, 1.05%. Surely that’s not a rate someone without substantial wealth can get.

There are many mortgage-related scams out there to watch out for. Do you know how to avoid becoming a victim?

Mortgage fees in five states are expected to increase and be passed down to new mortgage borrowers. Is your state one of them?

The number of foreclosures have continued to decrease year over year. Should this be taken as another sign of improvement in the housing market? The recent shift by many banks towards short sales and other strategies designed to avoid the foreclosure process make analyzing the data difficult.

Interest rate levels have once again hit historic lows. Will this lead to another sustained surge in home mortgage refinances? Regrettably, given the numerous obstacles that must be navigated by borrowers, such an event is unlikely.

With more than 10 million American homeowners who are underwater on their mortgages, will the United States economy ever be able to recover?

There are a variety of programs designed for homeowners who want to get a mortgage but don't have a large amount of cash for a downpayment. Programs such as My Community Mortgage, VA Loans, and FHA Loans allow an individual to purchase a home with 0% down in some cases.

Without fanfare the domestic housing market has become something of a bright spot in an otherwise gloomy national economy. Indicators across the country give one encouragement that better days are ahead.

The Fed today announced several moves that will impact mortgage and savings rates. The positive news is that the programs may result in lower mortgage rates. Unfortunately, savers will continue to suffer an environment of historically low savings rates.

If you have a mortgage through JPMorgan Chase, you may be receiving a letter with new mortgage terms in the near future.

Home prices are on the rise, but will these trends last for long?

Are you responsible for paying taxes on forgiven mortgage debt?

In February 2012, five major banks agreed to help troubled homeowners in order to settle lawsuits brought against them. Are they following through with their promises?

As mortgage rates continue to fall lower and lower, should homeowners keep refinancing their loans even if they may have recently completed a refinancing?