U.S. mortgage applications fell for a third straight week, dragged down by a decline in home refinancings to a 16-month low even as interest rates dipped, an industry trade group figures showed on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended Nov. 25 decreased 1.8 […]

Federal mortgage backers Freddie Mac and Fannie Mae announced this week that they will increase the dollar amount on single family mortgage loans they will purchase on the secondary market from “retail” lenders starting January 1, 2006.
The entities raised the loan cap from $359,650 to $417,000. The move assures that more loans will become “conforming” […]

Maximizing home equity is an option that more and more people are contemplating. With both home ownership and personal debt on the rise, a large amount of emphasis is being placed on home equity as a form of loan collateral. The reason for this is simple… equity allows lenders the security of a high-value item […]

Borrowing against equity can be a good way to remove a financial burden. As time goes by, you may find yourself in need of a major loan for one reason or another… perhaps you need to consolidate debts, or pay for automotive repairs, or you simply have a need for additional cash due to other […]

Successful real estate investors are well aware that one of the fundamental keys to building a successful property portfolio is the careful timing of market entry; therefore investors always seek to buy ahead of an emerging trend and often take a national or international perspective when looking for the next big thing in terms of […]

Canadian mortgages have some quite subtle differences from the UK system I was used to so I have no doubt they will be fairly new to most nationalities. Whichever type of home you buy, the chances are you will need a mortgage. There are several different methods of financing a home buying purchase that are […]

You should always compare mortgage rates to find the best mortgage to meet your needs before refinancing. Comparison helps you identify the best lender. Compare Mortage rates by contacting at least two different mortgage lenders.
It will take some research and comparison in order to find both the best lender and the best in first time […]

I bet you had the same reaction when you heard “residential mortgages” – you probably thought they are some new strain of mortgages? Well residential mortgages are our good old mortgages re-packaged with a different name. That makes residential mortgages one of the most reliable, flexible, innovative loan products to frequently find solutions for those […]

If you’re looking to purchase a home anytime in the near future, I’m sure you’ve at least heard of a mortgage program that is gaining popularity known as an Interest- Only Mortgage. Unlike more traditional mortgage programs that require you to repay a portion of your principal with each payment, these programs only require interest […]

Why should you take out a second mortgage or a home equity line of credit instead of refinancing?
Well,………You Shouldn’t!!
Why Not?
1. Second Mortgages usually have an interest rant that is twice or even three times as high as your first mortgage rate. You can refinance instead and keep a very low rate. In the long run […]