The economy is still in the doldrums, but one of the side effects has been that the rates on home mortgages are at their lowest levels ever. Last week 30 year fixed mortgages reached historic lows when they breached an average of 3.53%. Not only that, but 15 year fixed mortgages averaged only 2.83%! From […]
When buying a new home it is important to monitor your credit situation as credit scores from FICO or other agencies can have a big impact on what mortgage rate you receive.
The government just announced a settlement with 5 major banks that will mean some homeowners will now be eligible to receive reductions in principal, a refinance or compensation.
Trying to find a new house when your current house is underwater presents a big challenge. Here are some options of what you can do when you end up in that situation.
When you have mortgage debt forgiven due to a short sale or foreclosure, will you be liable to pay for the forgiven amount when it comes to tax time?
The Obama administration has announced changes to HARP program eligibility rules to allow more borrowers to become eligible to refinance.
For anyone who owns a home, it’s practically impossible to avoid junk mail related to refinancing the property. Are any of those offers legitimate?
The government has just launched “The Emergency Homeowner Loan Program” which gives help to those struggling to make mortgage payments.
Has home ownership gone from being a privilege for those who work hard and save up, to becoming a right for everyone?
CapWest Mortgage is a subsidiary of Farmers Bank & Trust, founded in 1907 as a small local bank in a central Kansas town. Are they a solid Mortgage company?
More than 11 million families are in “negative equity”, they owe more on their home than it is worth. Is it OK for them to walk away from their mortgage?
The real estate market was hit hard in the recent downturn. But not all is lost. Rates are low, and home prices are down. Buying a house? You’re in luck.
Dave Ramsey recently built a new house, and the home and land are valued at over $4,900,000! Did he follow his own teaching and pay cash?
I was reading up on what’s new in the mortgage markets and the economy over the weekend, and one piece of reporting caught my eye because it seemed like it couldn’t possibly be true. It was talking about how the Obama administration is considering making a move later this month where Fannie Mae and Freddie […]