By admin on February 25, 2010
In an effort to find more and more assistance with the current real estate problems, Freddie Mac and Fannie Mae are in talks with the Treasury, White House officials and the Federal Reserve. In essence, both Freddie Mac and Fannie Mae are looking for ways to give additional financing for the struggling mortgage companies whose [...]
Posted in Business and Finance | Tagged and, are, fannie, finding, freddie, help, mac, mae
By admin on February 23, 2010
Many homeowners these days are going through the mortgage foreclosure process. Most of them usually end up filing for bankruptcy in an attempt to save their properties from being auctioned off. The bankruptcy option is actually the process least understood by a lot of homeowners. It is also the least popular at that. However, this [...]
Posted in Business and Finance | Tagged bankruptcy, can, foreclosure, process, stop, the
By admin on February 21, 2010
Reverse mortgages are used to assist seniors who want to supplement their income with mortgage payments, but instead of paying the bank, those who take out the loan actually get paid. I spoke with someone the other day who had a completely mistaken concept of what these are used for and had the mistaken idea [...]
Posted in Business and Finance | Tagged basics, for, mortgage, reverse, seniors
By admin on February 19, 2010
What would you do if your bank called to tell you that your home equity line of credit had been frozen or even cancelled? For most homeowners, shock would be the first emotion followed quickly by confusion.
Why would banks be pulling the line of credit from homeowners who have had no trouble paying off the [...]
Posted in Business and Finance | Tagged are, banks, credit, freezing, houses, lines, of, on, why
By admin on February 17, 2010
After owner builders work their way through the maze of owner builder construction loan qualifying, it will be time to close on the loan. This is essentially where you sit down and sign a huge stack of documents that you will never read, or understand if you try.
Basically, this is where the owner builder loan [...]
Posted in Business and Finance | Tagged about, builder, closing, costs, loan, owner, the, truth
By admin on February 15, 2010
With house prices falling all over the country, maybe now would be a good time to make a move onto the property ladder. In reality, the credit crunch has priced some first time buyers out of the market, unable to secure a mortgage or afford the high rates that are being offered. Yet, if funds [...]
Posted in Business and Finance | Tagged buyers, clambering, first, get, ladder, on, property, the, time, to