There are a lot of good reasons to think about an adverse remortgage, especially if you have an adjustable rate mortgage (ARM) that is about to change. In the sub-prime lending market, many people who borrowed money to buy a home have mortgage...
In the last seven years, there has been one of the largest housing booms ever. Mortgage-backed securities are one reason why real estate growth is going so fast.
How to Understand Securities Backed by Mortgages
The main thing that...
The current mortgage crisis could be a nightmare for those who are right in the middle of it. But with a little bit of planning and a lot of hard work, you can use the mortgage crisis to your advantage and come out on top. Remember that not every...
A mortgage broker is a well-trained professional who helps people who are looking for home loans find the best option for them. He knows everything there is to know about getting a mortgage. So, he will find the best mortgage solution for his...
Having a mortgage can be expensive. Since interest is added to your payments over the life of the loan, a big chunk of what you end up paying is just interest and not the loan itself. Obviously, it's important to be able to pay off your mortgage...
An ARM, which stands for "adjustable rate mortgage," is a type of mortgage where the interest rate on the loan changes on a set schedule based on an index. Most of the time, the following are used to figure out interest rates:
Treasury...
W.C. Fields, a famous comedian, once told a reporter, "When the country runs out of money, we'll just have to print some more." If things were that easy, tax time would be a bigger party than Christmas, Halloween, and the Super Bowl all together....
Are you thinking about buying a house that costs more than $400,000? Unless you plan to put down a large amount of cash on your new home, you will probably need to apply for a jumbo loan. A jumbo loan is just a mortgage for a home in the...
Anyone who has ever looked for a mortgage will tell you how important it is to compare mortgage rates to make sure you are getting the best interest rate and the best mortgage for you and your finances. In the past, to find mortgage rates, you...
Most people who are having trouble paying their bills have no choice but to file for bankruptcy. Many people worry that if they file for bankruptcy, their credit will be ruined for the rest of their lives. However, they find that they can start...