Tag: mortgage

'Fixed Vs. Adjustable-Rate Mortgage: Which is the Right One for You?

Choosing the right mortgage for you is essential because this will determine your mortgage payments for the next couple of years or so. While there is no such thing as a “one size fits all” when it comes to mortgages, how will you choose between the fixed and adjustable-rate mortgage (ARM)?

'3 Questions to Ask Yourself Before Searching for a New Home

Buying a new home is not an easy feat – the entire process requires a lot of time, effort, and patience. While buying a new home essentially starts with browsing through different listings on the market, there are several things that you need to carefully consider before beginning your search for a new home.

'Non-Bank Servicers Pose More Problems for Homeowners with Pending Foreclosure Cases

Falling behind on your mortgage payments can leave your loan falling into the hands of a non-bank servicer. While going through a foreclosure is already a troubling matter as it is, it turns out that these non-bank servicers are posing more problems for those who have pending foreclosure cases.
EDITOR'S PICKS
  • '3 Mortgage Mistakes to Avoid Before It’s Too Late
    Mortgage applications are on the rise as rates are close to hitting its lowest in three years. While now may be the best time to go house searching, it may be good to stop for a moment, re-evaluate your goals and find time to carefully think of your options in buying a home.
    By Staff Reporter
  • 'House Buying Tips: Pros and Cons of Hiring a Mortgage Broker
    Buying a house can sometimes be a long, tedious process, which requires a lot of time, effort, and patience. One of the things that make it hard for buyers is looking and applying for a mortgage. While finding the best mortgage for you can be done on your own, are you better of hiring a mortgage broker instead and save yourself from a lot of headaches?
    By Staff Reporter
  • 'Goldman Sachs to pay $5B in Settlement Over Toxic Mortgage Bonds
    Goldman Sachs and the federal government has officially reached a settlement agreement over toxic mortgage bonds the bank sold to investors.
    By Staff Reporter
  • 'Can You Still Buy a New Home After Foreclosure?
    A foreclosure might mean you have lost ownership of your first home, but that does not mean the end of it all. While going through a short sale or foreclosure can ruin your credit, reports state that it is still possible to bounce back and buy a new home despite this record. What kinds of instances make it easier for buyers to get a new home after foreclosure?
    By Staff Reporter
  • 'Should You Go for Higher Payments in Your Mortgage?
    Mortgage payments are long-term commitments, especially for those who opted for a 30-year term. While some may be on the lookout for the lowest interest rate, there may be times when going for higher payments can provide you with more advantages in the long run. Should you consider paying higher for your mortgage?
    By Staff Reporter
  • 'Should You Co-Sign a Family Member, Relative or Friend’s Mortgage?
    Good credit is one of the requirements in applying for a mortgage. Unfortunately, not everyone is able to attain the credit rating standards set by lenders, especially those who are just starting to work. Co-signing a mortgage is one of the options being offered to buyers who are unable to apply for a mortgage because of bad credit. Should you consider being a co-signer for a family member, relative or friend?
    By Staff Reporter
  • 'Homes are Selling Quickly as More Buyers Take Advantage of Low Mortgage Rates
    Spring home buying is just around the corner, but there are already signs that this is going to be one of the craziest and busiest seasons for the real estate market. A new report shows that buyers continue to flock the market as mortgage rates continue to be at an all-time low.
    By Staff Reporter
  • 'How to Improve Your Credit Score and Get a Lower Mortgage Interest Rate
    Your credit score is one of the most important things that will help determine the kind of mortgage, rates and terms that you will get. It may, therefore, be wise to improve your credit score before submitting a mortgage application. How can you improve your credit score in order to get a lower mortgage interest rate?
    By Staff Reporter
  • 'Mortgage Applications: 3.3% Drop Following Volatile Interest Rates
    Markets finally settled last week after several months of volatile interest rates. However, that did not help the mortgage business. Overall mortgage application volume dropped 3.3 percent on seasonally adjusted data last week compared to previous weeks.
    By Staff Reporter
  • '3 Tips for Getting Lower Mortgage Interest Rates
    Securing a low mortgage interest rate pretty much sounds like a gift from the heavens above. Most homeowners know that even a one percent difference can translate to thousands of savings. Here are three tips for getting lower mortgage interest rates:
    By Staff Reporter
  • '3 Mortgage Loans with No Down Payment
    Some people are put off from buying a home because they have little or no money to cover the usual 20 percent down payment requirement. But can you buy a home with no down payment required? The answer is yes. Recent reports even say there are now more loans available for homebuyers looking to acquire a house with little money.
    By Staff Reporter
  • 'House Buying Tips: Should You Apply for More than Just One Pre-Approval?
    Time and time again, real estate agents recommend on getting a pre-approval before shopping for a home in the market. While it is definitely a wise thing to do, should you apply for more than just one pre-approval? Does it entail certain consequences?
    By Staff Reporter
Real Time Analytics