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Predatory Lending Through Loan Steering

By Team iBizExpert On March 01, 2022 08:07 PM No Comments

Predatory lending is at an all-time high because the real estate market is still going strong after five years of skyrocketing prices and low interest rates. The term doesn't have a clear meaning, but it usually refers to lenders who go out of...

Home Equity Theft Through Contractors Still a Problem

By Team iBizExpert On February 24, 2022 03:31 PM No Comments

One of the most common reasons to get a home equity loan is to make improvements or upgrades to the home itself. With some changes, the property's value goes up almost as much as what it cost to make those changes. This, plus the fact that the...

Option ARM - The World's Most Dangerous Mortgage

By Team iBizExpert On February 13, 2022 03:52 AM No Comments

Home prices have hit all-time highs, and in many parts of the country, it's almost impossible to buy a home. In the late 1990s, tech stocks were the hot investment, but now real estate is. Everyone has sold their stocks and bought...

Mortgage Tips for First Time Buyers

By Team iBizExpert On February 13, 2022 06:39 PM No Comments

The most expensive thing most people will ever buy is probably a house. Also, paying off a home loan can take as long as forty years and will cost more than the house itself because of the interest. In short, you should not buy a house without...

Mortgage Problems and the Myth of Foreclosure Help

By Team iBizExpert On February 13, 2022 01:56 PM No Comments

There are more foreclosures in the United States for a number of reasons. In fact, the rate has gone up by about 70% since a year ago. Part of this is because rising interest rates are making it hard for people with adjustable rate mortgages who...

Mortgage Costs and How to Reduce Them

By Team iBizExpert On February 12, 2022 08:36 AM No Comments

Few things cost more than a home. The median price of a house in the U.S. is now more than $215,000, and housing prices are still going up. The interest on the mortgage adds to the cost. Most people will pay about twice as much for their house in...

Home Refinancing is Done for Many Reasons

By Team iBizExpert On February 11, 2022 06:35 AM No Comments

A few decades ago, few people knew about refinancing a home loan. Most people who decided to buy a house got a 30-year fixed-rate mortgage and made monthly payments until the loan was paid off. But times have changed, and on the mortgage market...

Home Equity Line of Credit - Do Rising Interest Rates Spell Trouble?

By Team iBizExpert On February 11, 2022 01:07 AM No Comments

A homeowner's home equity line of credit is one of the most useful financial tools they can have. A line of credit is a type of loan that is always available. It lets a homeowner borrow money in case of an emergency, like losing their job or...

Has Your Adjustable Rate Mortgage Become a Gamble?

By Team iBizExpert On February 11, 2022 12:20 AM No Comments

About three or four years ago, home loan interest rates fell to levels not seen since the 1960s. Millions of Americans took advantage of the low rates, which for 30-year fixed-rate loans were as low as 5%. For mortgages with rates that could...

Four Dangerous Words - "You Can Refinance Later"

By Team iBizExpert On February 10, 2022 08:10 PM No Comments

Buying a house is a pricey thing to do. Most people will never buy anything else that will take decades to pay off. Because of this, most people don't do it on a whim. There are a lot of money needs, and the payment has to be made every month for...