Shop For a Mortgage with FDIC
The FDIC agency says that you can save thousands just by shopping around for a mortgage instead of just jumping at the first one you come across. Just like anything else you are thinking of buying you have to try to get the best deal that is available.
Seven Mistakes: Mortgage and Money
Here you can check out a series of seven mistakes that are commonly made when choosing a mortgage. They show examples of money savings on 15 year v 30 year mortgages.
Choose the Best Mortgage
First thing that you can learn from this article is that mortgages are not the same. Don’t assume that when you go to get a mortgage on your home that you can just walk into a bank or lenders office and say you want a mortgage. There are many different options and if you don’t know what you want you can find yourself selling your home or having it taken from you because you choose or were pushed into a raw deal.
How To Deal With Rising Mortgages
For a first time home owner just getting into the game, they can easily find themselves stuck with rates that could suddenly rise and find them in foreclosure. The truth is that nobody wins in this situation, not even the lenders and others who got you into the mess to begin with. Because selling the house for a lot less than its worth is not what anyone wants. Read here to help yourself stay away from the foreclosure tango.
Fluctuating Mortgage
Mortgage rates have been dancing for a while now and they having risen slightly higher at the moment. Before sales were hitting records highs before the bubble burst and sent it and some homeowners plummeting. Could it be that the market is readying itself for some more records highs?
Mortgage Confusion?
Here is another article to help with what is known as mortgage confusion. Having options is a good thing but having too many options is too much of a good thing. Here you can break down the choices and see which is right for you.
Homeowners Benefit
After the bubble burst in real estates, prices were all over the place and foreclosures were up in some places almost 50 percent, but their are homeowners who are benefiting from this disaster.
Mortgage Brokers Can Moonlight As Scammers
So now you know that you can run into some shady characters on the way to your dream home but you also have to watch out for those people that you “think” you can trust. Mortgage brokers can and will scam you if you are not careful. Read on.
South Carolina Brothers Caught in Mortgage Scam
When your checking off your list and looking at what you are going to need to try and get that dream home, one thing not on the list is getting caught up in a mortgage fraud scam. It does happen as this story will show.
Mortgage Fraud Up 35 Percent
According to the Charleston Gazette, a new report by federal regulators indicates mortgage fraud rose 35% in the first quarter of this year (compared to the same period last year).
The Treasury Department’s Financial Crimes Enforcement Network, known as FinCen, on Friday released its first report on mortgage-loan fraud, which is said to be one of the fastest-growing white- collar crimes in the country. The agency undertook the review after seeing a significant rise in the number of so-called suspicious activity reports – forms most often used to report suspected money laundering – that it received from U.S. banks concerning mortgage-loan fraud.
The article noted that particularly high incidences of suspected mortgage fraud occurred in California, Florida, Georgia, Illinois and Texas.
Federal banking regulators have said mortgage fraud is growing because it can be very lucrative and fairly easy to perpetrate, especially in areas where home prices have been rising rapidly.
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