Florida real estate fluxates sometimes annually and unfortunately many new home buyers middle class and higher get stuck with bad mortgages that have higher interest rates because they are new to the game. Studies indicate that more than 2,000 families are in danger of foreclosure after mortgages they signed have them paying more now than… Continue Reading
In the past decade there has been a rise in single women buying homes for themselves. Many of these women say that they want to the freedom and want to pay their own mortgage instead of spending years paying rent for an apartment. Many of these women are also focused more on their career and… Continue Reading
The mortgage rates in Hawaii had been on the rise for some time now. I can understand that, who doesn’t want a home in beautiful Hawaii? I would move their if I could afford it, but alas I can’t and the way that rates were going up, it appears that many others couldn’t as well.… Continue Reading
Ten men were arrested with charges ranging from conspiracy to mail fraud. They scammed millions in a real estate/mortgage fraud in which one person would buy a house, a partner would appraise it at a much higher value and flip it (sell it), usually the very same day. Patrick McGee, Thomas Griffin, Edward Young and Fransene Berry… Continue Reading
Of course, this only works if you own the home fully yourself (well, only works to the best benefit) … but why pay a commission to a mortgage agency or bank? Offer the mortgage to the buyer yourself. Grab your lawyer, set up an amortization statement and statement of purchase, and take the down payment,… Continue Reading
The second largest home mortgage company Freddie Mac is going to expand their mortgage website. They will be adding more products that will be available only online via the site. It is also expanding its flagship suite of affordable mortgage products, known as Home Possible, by adding a special 40-year fixed-rate option and providing lenders… Continue Reading
In a shocking move Ameriquest a large mortgage provider, has closed 229 retail branches. They are also laying off more than 3,800 workers. The company said it will consolidate its branch operations into four regional mortgage production centers in Arizona, California, Connecticut and Illinois, and handle more corporate matters from its headquarters in Orange, Calif. ”The… Continue Reading