The, current credit squeeze is affecting many mortgage borrowers, in particular, those with poor credit. Borrowers who have poor credit can still obtain a mortgage, using a company that offers ‘bad credit mortgages’ as a way out of debt. Just the expression bad credit can send people running, but there is no reason for this. [...]
Here is one view of fixed rate mortgages pros and cons. There are several benefits worth considering when trying deciding if a fixed-rate mortgage is right to you. Unfortunately like many things in life, for every advantage, there seems to be a disadvantage. The first thing to keep in mind that just because your friend [...]
Most of us couldn’t even think about buying our homes if we were unable to get a mortgage. For all their faults; the high interest rates, the large down payments needed and the oppressive monthly payment that constantly hangs over our heads, we have to be thankful that we have a mortgage. If we were [...]
So here’s some interesting news, dear readers. News that will absolutely piss off most mortgage brokers. New York Attorney General Andrew M. Cuomo, with just a simple threat of a lawsuit, got Freddie Mac and Fannie Mae to agree to never again purchase a single loan from lenders that refuse to meet new appraisal standards [...]
There was once upon a time when finishing your degree, settling down and getting married producing children along the way was as simple as one, two and three – or so I had once thought. The whole process is just as daunting, if not difficult, as it is to buy your own house. I have [...]