Adjustable-rate mortgages are coming back in a big way. The hook is a low monthly payment to start, but you’re playing with fire as the interest rate rises.
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Some would say that subprime loans are back. But they’re not like the subprime loans that gained notoriety during the housing bust.
Today’s rapid growth in the price of homes has some people talking about a housing “bubble” again.
If you’re thinking of buying real estate, read this before plunging in. These mortgage-buying tips will save you money and heartache.
The concern is that many boomers are using reverse mortgages to drain their home equity too early, leaving them nothing to fall back on in 15 or 20 years.
When you’re borrowing big, like for a mortgage, even a tiny difference in interest can mean big bucks over time. So what’s the best way to find the best deal?
According to at least two well-known real estate analysts, the easy money’s been made in housing. Is now the time to sell, or do more gains lie ahead? Here’s how to find out.
The CFPB has released a new online tool that allows people to sift through data on home loans made in their communities and compare it with other locations.
Want to get rid of the mortgage ASAP and pay as little interest as possible in the meantime? Here’s what you need to know.
Buying a home? Don’t kill your mortgage before it gets approved.
Banking industry representatives say smaller lenders may not be able to handle new rules designed to make mortgages safer for consumers, which could hurt potential homebuyers. Are they right?
New mortgage rules are going into effect Jan. 10 to protect homeowners and investors from the kinds of risky mortgages that were sold during the recent real estate bubble and led so many people into foreclosure.
If rates rise to 5 percent or more, wouldn’t it be great to find a seller who could pass along a 3.35 percent mortgage when you buy their home?
There’s a catch. After those first five years, things change. The size of your monthly payment can swell or shrink as interest rates rise and fall.
Mortgage interest rates are probably headed up. The better the economy gets, the more apt they are to rise. Experts predict rates will hit 5 percent in 2014 and 5.3 percent in 2015.
Many banks have stopped preapproving homebuyers for a loan.
New rules that go into effect Oct. 1 may make the loans more difficult to get, and allow less access to a home’s value.
Sensitive to rejection? Here are the big lenders who approve the most mortgage applications and those who’re toughest.
If you’re 62 or over, or know someone who is, sooner or later you’ll probably hear about reverse mortgages. Here’s what you need to know.
Although poorer homebuyers have been hit hardest by foreclosures and mortgage abuses, a larger number of complaints are coming from richer folks.