If you are looking at buying a home or refinancing your existing home, you have probably been having a lot of conversations about interest rates. If you enjoy talking about interest rates, fine, go ahead. It’s like talking about the weather: it won’t make any difference, but it gives you something to talk about.
Mortgage Loans – The Top Predatory Red Flags
The sub prime market for home mortgages is a hot bed of predatory practices. These types of lenders prey on the elderly, borrowers with poor credit who have few options, and less educated and non English speaking customers. They give the entire industry in general and other good sub prime lenders more specifically a bad name.
Mortgage Rate-Credit Score-Watch What You Pay For
As amazing as it may seem, when it comes to getting a credit rating not all credit scores are the same. When you pay to get a rating number it may not be the same one your lender sees.
Mortgage Rates Are All Over The Map Lately
It is not just confusing words such as “subprime” that are plaguing the mortgage market. This trend has continued over the last couple years and while it can provide frustration for some consumers, others simply wait to take out a loan until the rates are low and they go with it.
Mortgage Rates, Loans And Financing
Very low mortgage rates have been instrumental in increasing the purchasing power of millions in the US, Europe and around the world. For one year mortgage rates are on the rise and home prices leveling out. Foreclosures are becoming more common, especially in the American Midwest, but it is still on a low level. We can now expect a gradual rise in mortgage rates the coming year. The 30-year rates will likely continue to rise in the upcoming months, but should not go past 7% …
Mortgage Rates: Which One Is Best For You?
Mortgage rates are amortized over a preferred loan term and depend on your qualifying annual income. To determine this, mortgage companies adopt ratios to evaluate your mortgage monthly payments of both principal and interest. Some companies offer some flexibility, but which one is best for you?
Making The Most Of Current Mortgage Rates
If you are on the market for a mortgage you will soon find out, if you havent already, that the current mortgage rate is only current for that day and sometimes even for just for that hour.
Choosing Mortgage Lenders
There are many types of mortgage lenders and each one focuses on a special slice of the market.
Real Estate: Homes on Market Taking Much Longer to Sell, in Past Six Months
According to the latest HouseHunt, Inc. Market Conditions Survey, 75% of real estate agents say homes for sale nationwide are now taking more than 30 days to sell signaling a more balanced market emerging.
Selling at a Loss: Short Sales Explained
Sometimes in life we may face situations where it is best to cut your losses and run. If the loss is your home, it is likely that the decision to do this is understandably made almost too late. If you are in the unenviable position of having to sell up and downsize because of escalating costs, an efficient real estate agent can be your best friend.
Real Estate Market Reaches Equilibrium between Buyers and Sellers
Exceptions are in the northeast, western states & Chicago metro area. Three months ago, the Current Market Conditions survey showed that overall the U.S. housing market was displaying a rare balance between buyer demand and seller supply for the first time in eight years.
Tips for Locking In the Lowest Mortgage Rate
Whether you are a first time home buyer, or you have been purchasing real estate for years, one of your main goals other than finding the perfect piece of property is to make sure that your mortgage rate is as low as possible. Anyone who has had to navigate the tricky waters of the mortgage markets knows that rates can vary day by day and knowing when to lock in the rate can save you thousands over the life of the loan.