Mortgage News and Info - Interest Rates, Home Equity Loans, etc.

Monthly Archives: April 2006

Paying Double Mortgage

I don’t understand the whole mortgage deal and people who are dealing with one mortgage and yet decides to take out another one to buy another house. They are not the easiest things in the world to and yet I am watching friends live in a house for two years and then decide they wantContinue Reading

Mortgage and Home Buying Beginners Style

It’s easy to say I want to buy a house when many first-time buyers are completely unaware of the long process and major paperwork involved. Before you pop a blood vessel read this article and learn some helpful tips that will help get your started on the right track. SourceContinue Reading

8 Arrested In Mortgage Fraud

Mortgage fraud has been rampant and everyone who has to deal with it from the homeowner up is paying. I’m glad to see that police have caught 8 who have been scamming the mortgage system for a few years now. Officials say that they were actively defrauding lenders out of millions of dollars over theContinue Reading

Applying For A Mortgage Equals Junk Mail/Calls

You would assume that when you go to get a mortgage quote that your information is private but it’s actually not. Before you know it, all your private information is being sold again and again and it’s only a matter of time before your hanging up twenty times a day from junk phone calls. WhatContinue Reading

Getting A Mortgage 101

I just read a great article on what to do when your just starting out and trying to get a mortgage. You will find the article here. Lots of us know that buying a car can be tricky at best with less than honest saleman and paperwork but getting a mortgage can be even tougherContinue Reading

Just Sign On The Dotted Line

I remember a mortgage scam I heard about early last year and have since forgotten about until recently when I heard that it’s bigger than ever. Let’s say you lose your job and fall behind on the mortgage payments. You get a phone call or a knock at the door and it’s a company willingContinue Reading

Mortgage Rates Keep Going And Going And…

It seems that week after week there are reports of mortgage rate increases and there are. Almost every week in the last four years there has been a rise in the rates and it doesn’t look as though it will end anytime soon. Freddie Mac, the mortgage company, reported Thursday that for the week endingContinue Reading

Risks of Reverse Mortgages

Thinking about a reverse mortgage? Before you sign that contract, make sure there aren’t any traps. The Australian Consumers Association recently studied 19 lender contracts. It discovered default clauses that, if breached, could result in a call for the immediate repayment of the entire loan. Property titles remain in the borrowers’ names and they areContinue Reading

Beware of these Mortgage Companies

Delinquency rates are on the rise. They jumped “more than 7%, to 4.7% in the fourth quarter of 2005, from the year before,” according to the Mortgage Bankers Association. Despite this, many lenders aren’t cutting back on exotic mortgages — in fact, they’re “charging ahead on such high-risk loans full tilt.” They claim that cutthroatContinue Reading

Hawaiians Know How To Pay The Bills

Out of all 50 States it was reported today that Hawaii has the lowest over due mortgage payments. The residents tend to pay their bills on time and the percentage of homeowners who fell behind in payments fell from 2.07% to 1.9%. This is due to mortgage lenders who allowed homeowners to make minimal paymentsContinue Reading