Articles

Reverse mortgage have helped relieve thousands of homeowners of their financial difficulties. But is a reverse mortgage best for you?

Financial problems are just the tip of the proverbial iceberg when discussing the negative impacts of foreclosures on a community.

Rising rates of foreclosures are causing some communities to take drastic yet cost-effective actions.

There has been a trend for troubled homeowners to stop making payments and to wait in the home for banks to foreclose on their homes for months or years. But Florida is trying to shorten the foreclosure process and allow banks to remove defaulting homeowners from their homes much faster.

It was not too long ago when strategic defaults were a viable financial solution for troubled mortgage borrowers. But with banks aggressively pursuing strategic defaulters now, you may want to think twice before going through with this decision.

Believe it or not, mortgage rates have fallen below 4 percent. But is there anybody out there who can qualify?

More parents are helping their children these days by financing their mortgage. But is this a good idea?

The average thirty year fixed rate mortgage rate dropped below 4% for the first time on record according to Freddie Mac's Weekly Mortgage rate survey. Fifteen year rates and 5/1 ARMs also dropped to record lows as the chart below shows.

The mortgage industry can be very unpredictable at times, but it can also be predictable. Here are some predictions from mortgage analysts for the next few months.

The Emergency Homeowners' Loan Program provides $1 billion for unemployed homeowners. But is the program a success?

The mortgage interest rate deduction is a financial benefit for millions of American homeowners. But could there be an end to that deduction soon?

With so many homes dropping in value in recent years, many home sellers are getting “sticker shock” when they get their appraisal. What do you do if your home appraises for much less than what you expected?

Have you been searching for a home but you are not exactly sure what a fair price is to pay? With these suggestions and tips, you can be certain that you are not overpaying.

California and Florida each have about 2 million underwater mortgages, and together account for more than a third of the underwater mortgages nationwide. But, Nevada and Arizona have a much greater percentage of mortgaged properties that are underwater.

Many troubled homeowners feel guilty about walking away from their mortgages. Is walking away the moral thing to do?