Mortgages Archives

If you go way, way back in time, to the start of the year, you’ll find many experts forecasting increased mortgage rates for 2010. Now, with the spring home-selling season upon us, a home shopper might feel the need to hurry, else higher rates make a home more expensive. Read more»
Paying your mortgage once-a-month versus twice-a-month is not a new concept, but it's one that homeowners should consistently examine. Read more»
You know trouble is brewing in the banking industry when one of Monopoly’s most famous addresses goes belly up. That was the case last week when New York-based Park Avenue Bank, with assets of $520 million, was closed down by the Federal Reserve. Maybe the bank’s closing isn’t a harbinger of more bad news (unless Boardwalk Bank in Linwood, N.J. closes as well). Read more»
Mortgage rates took a dive this week, and it didn’t take long for homeowners looking to refinance to pull the trigger and get a better interest rate on their loans. Read more»
A home equity loan can be a lifesaver, used to pay down high-interest credit card bills, put a child through college, pay for home expansion or help the homeowner weather a financial rough spot. Read more»
With credit tightening and lenders getting increasingly picky about who gets a loan, the cosigned mortgage is making a comeback. Here are a few scenarios where a cosigned mortgage makes good sense (and when it doesn’t), along with some tips to get the most out of the deal. Read more»
Mortgage rates remain relatively low — for now — but the gap between 15-year and 30-year fixed mortgage rates are widening — and that’s good news if you’re in the market for a 15-year mortgage. Here’s how low you can go when it comes to 15-year fixed-mortgage rates. Read more»
Facing an onslaught of impactful economic news, most of it negative, mortgage rates meandered down the line, with the end result a slight decrease overall in rates from this week to last. Read more»
Last week was a big one for brand rebuilding. Both Toyota (Stock Quote: TM) and Tiger Woods engaged in major damage control, with both bowing so low that, in Japanese Samurai tradition, the back of the neck is so exposed that it might be cut off (or at least swiped at with a nine-iron). Read more»
One giant lender has taken a novel approach to dealing with delinquent mortgage borrowers. Citigroup (Stock Quote: C) has rolled out a new plan that would allow borrowers to remain in their homes — free of charge — for six months. All the borrower has to do is sign over ownership of the home to the bank. Read more»
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