Mortgage acceleration without extra payments?

Seeded on Fri Jul 27, 2007 1:07 PM EDT ()

What if you could get a 15 year amortization with a 30 year payment? Now that would be tremendously helpful, wouldn't it? You can actually envision a day that you actually pay off the house! Seems impossible right now for most of us but that is exactly what is available through …

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

New housing permits at lowest level since 1997

Seeded on Wed May 16, 2007 11:42 AM EDT ()

A report released by the home builders indicates that new permits for construction hit its lowest level since 1997. This is a sign that the home builders are expecting more pullback in values.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Home prices fall for 3rd straight quarter

Seeded on Tue May 15, 2007 11:52 AM EDT ()

As expected, the price of homes has fallen for the 3rd straight quarter according to the National Association of Realtors (NAR). The decline is an average of 6.5% below the peak in 2006.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Check out the neighborhood when buying a home.

Seeded on Mon May 14, 2007 12:39 PM EDT ()

Finding a home in the right neighborhood is equally as important as getting it at a value. Many neighborhoods may look suitable from a glance but there could be underlying crime that would affect your decision. Just because a neighborhood is well kept does not mean it is safe.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Home values for 2007 expected to decline

Seeded on Thu May 10, 2007 11:43 AM EDT ()

The National Association of Realtors reported that overall home prices are expected to decline this year for the first time since they began tracking this in 1968. The expected median drop in values is 1%.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Real Estate Auctions

Seeded on Tue May 8, 2007 10:53 AM EDT ()

As lender inventories of repossessed homes reaches uncomfortable levels they resort to selling the homes through auction.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Smoggiest cities for 2007

Seeded on Tue May 1, 2007 2:38 PM EDT ()

Not surprisingly, Los Angeles is listed as the smoggiest major city in the United States. This is based on a report released today by the American Lung Association. Yet LA is much better than it was 20 years ago before the strict smog laws (if you can imagine that).

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Political pressure on lenders to prevent foreclosures

Seeded on Wed Apr 25, 2007 11:32 AM EDT ()

The banks really don't want your house. It is a costly event for them to foreclose on your property. The average cost of a foreclosure is $40,000. In addition there has been an increasing amount of pressure placed on banks to provide bailout solutions to troubled homeowners.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Subprime loan bailout programs

Seeded on Tue Apr 24, 2007 11:37 AM EDT ()

It is clear that the increase in foreclosures caused by negative amortization loans and short term fixed teaser rates has prompted some state governments to get involved by offering a bailout program.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Selling and buying simultaneously

Seeded on Fri Apr 20, 2007 12:27 PM EDT ()

In the current market is is far more difficult to sell a home than it is to find a good buy. Here is a couple of things that may help you through this process.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Stocks vs. Real Estate

Seeded on Thu Apr 19, 2007 12:20 PM EDT ()

There has been recent articles written about which is a better long term investment, stocks or real estate. In the comparison it was determined that stocks outperform real estate in the period between 1978 and 2004.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Are you being harassed by creditors?

Seeded on Wed Apr 18, 2007 12:15 PM EDT ()

Do you get calls at work from creditors? It can be embarrassing and a total harassment. Creditors will call every number they have on file multiple times every day unless you do something to stop them. There is a way to get them to stop calling.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Don't procrastinate if you are facing foreclosure

Seeded on Tue Apr 17, 2007 12:08 PM EDT ()

Too many homeowners wait till they get a foreclosure notice to realize they need to do something about their situation. It is a proactive approach that will produce the best results.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Now is the time to upgrade to a larger home

Seeded on Mon Apr 16, 2007 11:09 AM EDT ()

There are many homeowners that want to upgrade to a home that meets their current needs and desires yet they are afraid of the market slide and fear they will not get full value for their home. This could play into your favor.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Options for avoiding foreclosure

Seeded on Thu Apr 12, 2007 12:42 PM EDT ()

Once you are facing foreclosure there are a few options that could help you stop the inevitable.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Borrowers placed in loans for higher commissions

Seeded on Tue Apr 10, 2007 1:14 PM EDT ()

As the mortgage boom slowed in 2005 many brokers scrambled to fill their pipelines as the rate of new applications fell.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Lenders now closing warehouse lines for brokers

Seeded on Mon Apr 9, 2007 12:29 PM EDT ()

Many mortgage brokers have had the ability to secure lines of credit with major lenders to fund loans faster and increase their profit margin. They commit to a specific volume of business and are responsible for the qualifying criteria of that loan.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Rates rise as bonds fall

Seeded on Fri Apr 6, 2007 11:30 AM EDT ()

Today the jobs report came in much stronger than expected fueling fears of inflation and sending the bonds lower. This pushed yields higher which of course has affected interest rates for mortgages negatively.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

How can I get a loan with a credit score under 500?

Seeded on Thu Apr 5, 2007 12:06 PM EDT ()

Traditional lending sources will limit their programs to those with a score above 500. Many borrowers have scores that are near or below this level. What can you do if your score goes below 500?

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Homeowners targeted by fraudulent advertisements

Seeded on Wed Apr 4, 2007 12:01 PM EDT ()

The California Association of Mortgage Brokers (CAMB) has issued a warning to homeowners to beware of advertisements claiming they can relieve you of your high payments and can qualify you for a 1% interest rate even with bad credit. This is simply not true.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Internet mortgage lead whores are out of hand

Seeded on Tue Apr 3, 2007 11:27 AM EDT ()

It seems you can't go to an internet site that doesn't have some sort of banner prompting you to click to find out what rate you can get.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Criminal investigations for sub prime lenders imminent

Seeded on Mon Apr 2, 2007 12:20 PM EDT ()

Today New Century Mortgage announced it is filing for chapter 11 bankruptcy which is no surprise given recent trends. Since January of this year they were cut off by major lenders and have now announced criminal probes into it's practices.

business, bonds, economy, wall-street, outlook, home, credit, taxes, interest-rates, trump

Appraisals are being reviewed hard by lenders

Seeded on Fri Mar 30, 2007 1:37 PM EDT ()

In a market where prices have been declining lenders begin to take hard looks at appraisals that appear to be pushing the envelope in values. This is especially true of homes valued at over 750K. There are 2 types of reviews that your appraisal could be subjected to.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Good advice to protect against identity theft

Seeded on Thu Mar 29, 2007 11:25 AM EDT ()

With the increase in identity theft I thought it would be helpful to post some valuable tips for protecting yourself against it. Here are some steps you should take immediately to lower your chances of being a victim.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

Opportunities exist is current real estate market

Seeded on Wed Mar 28, 2007 11:34 AM EDT ()

As the summer draws near there are more buyers coming out to look for homes. The inventory levels are still at a very high level and this means there are plenty of opportunities to find the right home for you.

business, bonds, economy, outlook, home, credit, taxes, interest-rates, trump, money

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