Search Results for 'mortgage'
A Mortgage Shocker That’s on the Way for 800,000 Homeowners
Guest Blogger on July 22, 2014
At-risk homeowners who modified their mortgages through HAMP to help them stave off foreclosure have a new problem: looming interest rate increases.
New Reverse Mortgage Rules Protect Widow(er)s From Eviction
Marilyn Lewis on July 14, 2014
The rules for buying the most common reverse mortgages are changing to protect borrowers. That’s a mixed blessing, though, and not everyone’s covered.
Should You Get an Energy-Efficient Mortgage?
Marilyn Lewis on June 16, 2014
So-called “green” mortgages are one of the banking industry’s best-kept secrets. These loans help homeowners finance more energy-efficient homes. How come you’ve never heard of them?
Take a Class, Get a Cheaper Mortgage
Krystal Steinmetz on June 13, 2014
First-time homebuyers can save up to $10,000 on their FHA home loan by taking a homeownership class.
7 Tips to Help Get Your Mortgage Application Approved
Allison Martin on June 3, 2014
In the market for a mortgage? Here are seven simple actions you can take to tip the application process in your favor.
Can You Get One of the New Subprime Mortgages?
Marilyn Lewis on April 15, 2014
Some would say that subprime loans are back. But they’re not like the subprime loans that gained notoriety during the housing bust.
More Seniors Are Doing Reverse Mortgages. Is This a Good Idea?
Marilyn Lewis on April 4, 2014
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.
Ask Stacy: Should I Use a Mortgage Broker or a Bank?
Stacy Johnson CPA on March 18, 2014
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?
Check Out the CFPB’s New Online Mortgage Tool
Guest Blogger on February 8, 2014
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.
Will New Mortgage Rules Mean Fewer Lenders?
Brandon Ballenger on December 4, 2013
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?
Want Your Mortgage Approved? Might Want to Skip Chase, Try SunTrust
Marilyn Lewis on November 28, 2013
Sensitive to rejection? Here are the big lenders who approve the most mortgage applications and those who’re toughest.
Assumable Mortgages Can Be a Home Buyer’s Best Friend
Marilyn Lewis on November 15, 2013
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?
Mortgage Interest Deduction and Other Homeowner Tax Breaks Are Safe — for Now
Marilyn Lewis on November 8, 2013
Any plans to do away with the mortgage interest deduction and other tax breaks some homeowners enjoy aren’t likely to pass Congress in the next year.
Getting a Mortgage is About to Get Harder
Marilyn Lewis on November 6, 2013
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.
Mortgage Rates Are Up, Down, All Around. When’s the Time to Pounce?
Marilyn Lewis on November 6, 2013
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.
Adjustable-Rate Mortgages Look Good. Should You Bite?
Marilyn Lewis on November 4, 2013
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.
This Tip Could Save You $50,000 on Your Next Mortgage
Marilyn Lewis on October 28, 2013
This simple step is essential for getting you the best possible interest rate on your home loan.
Rich Folks Whine More About Their Mortgages
Marilyn Lewis on October 14, 2013
Although poorer homebuyers have been hit hardest by foreclosures and mortgage abuses, a larger number of complaints are coming from richer folks.
Reverse Mortgage Changes: What You Need to Know
Guest Blogger on September 26, 2013
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.
Mortgage Update: 2.5M More Homes No Longer Underwater
Brandon Ballenger on September 12, 2013
A surge in home prices brought millions more homeowners into positive equity last quarter.
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