4 Mortgage Programs You Should Know About

Mortgages

4 Mortgage Programs You Should Know About

4 Mortgage Programs You Should Know About

When looking to buy or refinance a home, there are several specialized types of loans to consider. Since you may not qualify for every type of mortgage, it is important to calculate how much mortgage you can afford and investigate the options available for your specific situation. It’s a good idea to compare rates from… Read More

Why a Mortgage May Cost You More in 2014

Mortgages

Why a Mortgage May Cost You More in 2014

Why a Mortgage May Cost You More in 2014

The Federal Housing Administration recently announced a reduction in high-cost area loan limits. This reduction comes in accordance with the government’s ongoing effort to retreat from the housing market. Rewind the clock back to 2008, when financial markets were significantly depressed, the economy was on the verge of recession — enter the FHA as the new outlet… Read More

5 Signs You’re Ready to Be a Homeowner

Mortgages

5 Signs You’re Ready to Be a Homeowner

5 Signs You’re Ready to Be a Homeowner

No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise. Buying a home is often one of the biggest purchases you’ll ever make. It’s also among the most infrequent. Knowing you’re prepared to buy a couch or a car is… Read More

A House Hunting Guide for Veterans

Mortgages

A House Hunting Guide for Veterans

A House Hunting Guide for Veterans

Selecting a real estate agent is one of the most important choices you’ll make when buying or selling a home. The decision becomes even more important when you’re a veteran or active duty service member looking to use the VA mortgage guaranty. This nearly 70-year-old loan program backed a record 630,000 home loans in fiscal… Read More

What Is a Qualified Mortgage?

Mortgages

What Is a Qualified Mortgage?

What Is a Qualified Mortgage?

Big changes are ahead in the mortgage world, particularly for homebuyers who take out  “qualified mortgages.” Those home loans are insured by the Federal Housing Administration and are generally extended to consumers who could not otherwise afford a home. (FHA loans helped fill the gap created by the collapse of the subprime mortgage market; as… Read More

Will Home Prices Keep Dropping?

Mortgages

Will Home Prices Keep Dropping?

Will Home Prices Keep Dropping?

Home sales and prices have been on a seven-week slide, most of which can be attributed to seasonal market changes. But the economic uncertainty that came with recent government shutdown and debt-ceiling debate contributed to the sharp decline in sales volume and, with the winter months approaching, home prices and sales volume are not likely… Read More

13 Million Americans Still Under Water on Mortgages

Mortgages

13 Million Americans Still Under Water on Mortgages

13 Million Americans Still Under Water on Mortgages

Millions of Americans saw their mortgages slip underwater during the housing crisis, and even now, with prices improving considerably, a great number of them are still dealing with this problem, or a similar one. The number of Americans who still owe more on their mortgages than the properties are worth totaled 13 million at the… Read More

6 Things to Consider Before Co-Signing a Mortgage

Mortgages

6 Things to Consider Before Co-Signing a Mortgage

6 Things to Consider Before Co-Signing a Mortgage

Want to be 100% responsible for someone else’s obligation? Then co-sign for them on a mortgage — and you’ll be just as responsible for repaying the obligation as they are, even though you are co-signing to simply help the other party. When you co-sign on a big-ticket item like a mortgage, you are in essence… Read More

5 Big Things Standing Between You & a Refinance

Mortgages

5 Big Things Standing Between You & a Refinance

5 Big Things Standing Between You & a Refinance

Mortgage rates are beginning to creep up, but they’re still well within the kind of range that makes longtime homeowners shake their heads in disbelief. The average interest rate on a 30-year fixed-rate mortgage hit 3.63 percent for the week of March 10, marking the highest point since last summer. So while a seller’s market… Read More

Is 2013 the Right Time to Buy a House?

Mortgages

Is 2013 the Right Time to Buy a House?

Is 2013 the Right Time to Buy a House?

Have you noticed it yet? The growing murmur out there, getting louder every week, bubbling up in newspapers, on TV, and on news sites, and it’s telling you … to buy a house in 2013. OK, maybe that’s a bit of an exaggeration, but there are definitely a lot of experts (and non-experts) suggesting that… Read More

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