Homebuyers may not realize that monthly payments on some types of specialty mortgages can increase by as much as 50 percent or more when the introductory period ends. That’s one of the messages that the National Association of Realtors(r) and the Center for Responsible Lending are trying to drive home in “Shopping for a Mortgage? […]

Mortgage rates fell last week for the first time since June, an industry group said Wednesday.
After steadily climbing since late June, fixed 30-year mortgage rates fell last week, averaging 5.79%, excluding fees, from 5.91% the previous week, the Mortgage Bankers Association said.
The 30-year mortgage rate stood at 5.47% in the week ended June 24, its […]

“You can save time and money by applying for a mortgage loan online.” This often touted tagline seems like a gimmick, but it’s true. Here’s why:
You Do The Work
By researching your loan online, you save time from visiting an office and getting the run-around from loan officers. It is unlikely you will get a straight […]

Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. They have no equity, and big loan payments. In fact, many actually owe more than the property is worth!
Most investors will walk away from these deals because they see no obvious profit. However, you can […]

Buying a Home and Committing to a Mortgage can be very scary!
A home mortgage loan is the largest debt that most Americans will take on in their life time. As such, making the decision to take out a mortgage is not one that most first time home buyers take lightly. Not only will your monthly […]

Mortgage amortization is often a mystery to the consumer. After all, they oftentimes watch as loan officers whip out their calculators and spill out complicated numbers in record time.
But most consumers, unless they work in an industry related to the home buying and mortgage lending process, do not understand how loans are amortized. That’s okay—as […]

Construction of new US houses fell 0.1 percent in July to a seasonally adjusted 2.042 million annualized units, the Commerce Department reported.
The figure was slightly below the average Wall Street forecast for a pace of 2.023 million, but did not appear appear to suggest a significant cooling of the red-hot US property market.
June’s housing starts […]

According to WBTW Nearly a third of all mortgages in South Carolina last year were interest-only loans.
The loans allow buyers to purchase more expensive homes by having them pay only on the interest.
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(WCJB) Property values are sky rocketing in North Central Florida, up ten percent in just the last year and the foreclosure rate in Florida is also rising. Alachua County is on pace for about 180 foreclosures this year as opposed to 192 last year. But that doesn’t stop local mortgage brokers and city officials from […]

The Nashville City Paper online reports that the real estate bubble is in no danger of bursting any time soon in Nashville.
“Nashvillians” continue to seek mortgages in vast numbers as they head for another record-setting year of home sales and that there is some of the disconnect between the national and local real estate picture […]