Mortgages

Our Credit.com experts are here to help you better understand mortgages so that you can make smarter home loan decisions. Find out what you should consider when shopping for a home loan, plus ways to get the best rates & deals. Learn how to approach re-financing, foreclosures and short sales. Understand how mortgage decisions can affect your credit score.

How Much House Do Americans Actually Own?

How Much House Do Americans Actually Own?

How Much House Do Americans Actually Own?

When people say they own their home, it’s usually a half-truth at best. Often, a bank owns the home they live in — most of it, anyway. Still, Americans have a lot of real money tied up in their homes — on average, $150,506, according to a new report by the Urban Institute called “How... Read More

Man Sues Bank for Allegedly Breaking Into His House

Man Sues Bank for Allegedly Breaking Into His House

Man Sues Bank for Allegedly Breaking Into His House

Imagine coming home after a two-week vacation to find cabinets open and papers strewn across the floors. Even the lock on the door to the laundry room is busted. What would you do? Steven Kenner, 71, told NJ.com this happened to him. And according to a lawsuit he filed in May against Citizens Bank, Citizens One Home Mortgage and subsidiaries... Read More

How Quickly Will My House Sell?

How Quickly Will My House Sell?

How Quickly Will My House Sell?

Homes are, on average, consistently selling at a faster pace than they were 3 years ago, according to new data from real estate company RE/MAX. The RE/MAX National Housing Report looked at 53 metropolitan areas in June, and found the national average number of days on market for residential properties was 54, down 4 days from May 2016 and... Read More

See, You Can Get a Mortgage With Bad Credit

See, You Can Get a Mortgage With Bad Credit

See, You Can Get a Mortgage With Bad Credit

The number of people getting mortgage loans with less-than-stellar credit has steadily grown over the last three years, right alongside those getting loans with excellent credit. That was the finding of Equifax’s most recent National Consumer Credit Trends Report, which also shows that total mortgages increased in the first quarter of 2016 by 10.3%, home... Read More

The Best Cities in America for Buying a Starter Home

The Best Cities in America for Buying a Starter Home

The Best Cities in America for Buying a Starter Home

We’ve written a lot recently about the disappearing starter home. A combination of rising prices, aggressive investors, and flat incomes are turning America into a nation of renters … and making things very hard on young people just starting out. But there are still communities where plenty of starter homes are for sale — hundreds... Read More

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