An interest-only mortgage allows the borrower to pay only the interest rate, for a preset period of time. The term for this kind of monthly payment could range between 5 and 7 years. Now, you may
Read more ...Mortgages
-
FHA Sheds Light on Reverse Mortgage Rules
71 Views
Due to the raised concern over possibly misleading sales presentations and advertisements for
Read more ... -
For Foreclosure Victims Lose their Last Chance at Justice – Banks Continue to Pull the Ropes!
57 ViewsInstead of the much awaited justice and financial comfort, the Independent Foreclosure Review
Read more ... -
Fixed-Rate Mortgage Comparison by Length
32 ViewsThe main feature of a fixed rate mortgage is the fact that the interest rate does not modify over
Read more ...
Quick View
Toll Brothers Revenue Grows, As More Units Are Sold
3762 ViewsToll Brothers Inc., a home building company based in Horsham Pennsylvania, announced a 29 percent increase in its quarterly revenue due to the sale
Read more ...
Housing Market Projects Are Looking Brighter for the Spring
2820 ViewsUnemployment, the high cost of just about everything and bills piling up to the sky..We have been facing all these problems for awhile now. The
Read more ...
US Construction Spending on a Record Rise Despite Sluggish Economy
1670 ViewsU.S construction data shows an unusual rise in spending despite the overall slowdown in the economy. Construction spending surged to an annual rate
Read more ...
Varying Views of Economists on Falling Oil Prices for Home Construction
1326 ViewsFalling oil prices on housing has been one of the most controversial topics for economists. They view such idea from different perspectives. Some
Read more ...
Major Drop in the Rate of Unemployment – is it too good to be true?
52 ViewsThe US employment data for June have exceeded expectations, and the news has been released on a “Jobs Thursday”, in anticipation to the
Read more ...
Weekly Mortgage Applications Suddenly Spike
67 ViewsReports of a massive spike in mortgage applications hit the market in spite of the slow progress of interest rates. Recorded data from the MBA
Read more ...Peak Sales for Existing Home in July 2014
65 ViewsSo far this year, July registered peak sales for existing homes, according to the National Association of Realtors® (NAR). Sales increased 2.4% from
Read more ...Freddie Mac Maintains Positive Outlook amidst Housing Market Problems
250 ViewsThe economic outlook, as seen by the economists of Freddie Mac, shows worrying signs of less than optimistic employment results and overall slowdown
Read more ...
Modifications in mortgage interest deductions to stimulate homeownership!
203 ViewsIndustries that employ middle-class workers promote homeownership thanks to the mortgage interest tax deduction. There is also broad public support
Read more ...Credit Card Debt Consolidation – The Basics
173 ViewsLoan Requirements for Credit Card Consolidation A few basic concepts and aspects need to be clear before you attempt consolidation for credit card
Read more ...Buying a house that is NOT for SALE!
109 ViewsUnsolicited offers on your home: how would you respond to that? Buying your dream house may not be piece of cake at all, particularly when you're
Read more ...
Disaster Areas – Home Loans and Appraisals
151 ViewsQuestion: What are the documentation requirements after the appraisal is completed for a subject property situated in a disaster
Read more ...