Applying for mortgage loans can be a bit terrifying, particularly for first-time homebuyers! Credit concerns and nervousness over the amount and...
Applying for mortgage loans can be a bit terrifying, particularly for first-time homebuyers! Credit concerns and nervousness over the amount and...
View New Home Loans Guide RSS feedDo you know where your credit stands? Knowing your credit standing can help you be better prepared when you meet a lender to discuss your home loan application. Read this article to learn how you can prevent being rejected by a lender.
Applying for mortgage loans can be a bit terrifying, particularly for first-time homebuyers! Credit concerns and nervousness over the amount and duration of payments can easily take over, especially when sitting across from the mortgage lenders who are reviewing those applications.
This mortgage application will not only determine whether or not you get the house of your dreams, but what your payments and interest rates will be for the life of the loan. Your credit history will significantly impact your chances of being approved.
Here are some questions to ask yourself when determining your credit standing:
Some politicians are in favor of providing assistance to the millions of homeowners who are facing default as a result of poor decision-making and falling home prices. Others are dead set against it. Let's see where the American people stand.
An open letter to all of the lawmakers and taxpayers who think a mortgage bailout is what we need to solve the housing crisis.
To get borrowers to leave a house--and leave it in good condition--mortgage lenders around the nation have begun offering cash for keys. Some lenders are paying out upwards of $3,000.
Democrats unveiled a new plan last week that will allow the FHA to buy $300 billion in delinquent, underwater mortgages. The initial cost to taxpayers is estimated to be $20 billion.
The worst housing slump since the Great Depression is prompting all manner of new bailout plans. Fed Chairman Ben Bernanke encourages banks to forgive portions of mortgage debt, the Democrats propose using billions in federal dollars on buying up bad loans, and the Bush Administration is prepared to dump bank losses on the taxpayers' shoulders.
Should mortgage borrowers at risk of losing their home be given a bailout? What about lenders who face lost profits? Four recent polls ask Americans where they stand on these issues.
Many people may be losing their homes to foreclosure because of legitimate financial crises, but there are even more people losing their homes because of lender follies as well as their own greed and stupidity. Here are five stories in particular that will be sure to induce fits of eye-rolling.
If you have followed the news at all over the last few months, then you know that the public has been spoon fed a spate of tearjerker news stories that are meant to paint struggling mortgage borrowers as victims. These stories talk about the importance of staving off foreclosures and helping people who need it, but they very rarely touch on the truth of the matter: most mortgage borrowers were reckless and do not deserved to be rescued.
Mortgage company Countrywide Financial is now under fire for the role that they played in the ongoing housing crisis. Critics accuse this mortgage provider of having engaged in questionable lending practices in order to extract maximum profits. Countrywide CEO Angelo Mozilo, who has dumped his own stock, responds to the charges.