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ARMs May Have Saved Millions From Foreclosure 27 Aug 2013 | 10:41 am
Adjustable-rate mortgages (ARMs) became a dirty word after the collapse of the housing market and the ensuing onslaught of foreclosures several years ago. Buyers and banks got greedy. Borrowers were a...
Qualifying for FHA Home Loans with Bad Credit 26 Aug 2013 | 10:32 pm
Becoming a home buyer is an exciting event in a person’s life, but there are a lot of financial avenues to explore so that the purchase of a house and the ongoing payments don’t overwhelm the balance ...
FHA Loans Could Be Your Solution to Rising Rates 24 Aug 2013 | 09:09 am
After bumping along at record lows for several years, mortgage interest rates have finally started rising again. And they are making quick progress, having jumped up an entire percentage point in jus...
Report: Fannie and Freddie’s Accounting Masks Major Losses 20 Aug 2013 | 10:21 am
Mortgage finance companies Fannie Mae and Freddie Mac posted profits in the latest quarter, a notable change from their consistent losses during the Great Recession. Yet now that they seem to have tur...
Is The Time Right Again for a Refinance? 17 Aug 2013 | 10:34 am
Now that the rock-bottom mortgage interest rates from the Great Recession are likely gone for good, refinance requests have tapered off dramatically. Is there still room in the market for refinance lo...
Foreclosures Near Pre-Recession Levels 13 Aug 2013 | 08:42 am
Another sign that the housing market is recovering: seriously delinquent mortgages fell to a five-year low during the second quarter of this year and overall foreclosures also continued to decline. T...
Getting a Mortgage That Will Put You At Ease, Not On Edge 11 Aug 2013 | 08:43 am
One of the most common questions for homebuyers is ‘how much can I afford?’ While it is important to know the ultimate limits of your financial resources, there may be a better question to be asking. ...
Home Prices Post Double-Digit Gains in First Quarter 6 Aug 2013 | 09:15 am
For the first time since the peak of the housing bubble, home prices jumped by double-digits in the first three months of this year, according to data from CoreLogic, a sign that inventory is limited ...
Down Payment Help: Gift v. Loan 3 Aug 2013 | 10:54 am
Many first time homebuyers receive financial help from their parents to qualify for a mortgage. That’s definitely understandable in the wake of the mortgage meltdown as lenders require more money down...
Rising Home Prices Help 850,000 Homeowners Out of Negative Equity 30 Jul 2013 | 08:03 am
As low interest rates combined with limited inventory, home prices jumped allowing hundreds of thousands of underwater homeowners to climb out of their negative equity in the first quarter of this yea...
