With mortgage and real estate fraud sweeping Colorado, residents should expect some changes on the horizon. Colorado Attorney General John Suthers formed a task force this summer to deal with the issues in the wake of skyrocketing numbers of foreclosures and complaints from those in the industry. “Something we’ve seen a real increase on in [...]

National Association of Realtors’ chief economist David Lereah is concerned enough about the proliferation of so-called “exotic” mortgages that he has gotten the government to consider a limit on them. By exotic mortgages, Lereah means interest-only and option adjustable-rate products, which are being used by many first-time buyers, among others, to purchase houses in high-priced [...]

For many people, their home is an investment. They purchased it initially, pay off the mortgage, and make improvements in order to increase the value. When it comes time to sell their home, their investment has hopefully increased in value and they will come away having made money. If you own a home and you [...]

Buy to let mortgage market was worth £21.8 billion in 2004 and accounted to 38.2 % of commercial market in the same year. The buy to let market has grown more than any market as a whole – which is remarkable. Such a strong market spells nothing but benefit to mortgage hopeful. Buy to let [...]

Every one has some financial tough times in life. Some people go through rough divorces; others have medical bills that pile up. Often people are unable to pay their bills on time. If this is your situation, and you have dreamed of owning a home, don’t give up hope. You can still get a mortgage. [...]

Average interest rates on U.S. mortgages broke from a three-month long climb, with rates on 30-year mortgages falling to 6.28 percent from 6.37 last week, mortgage finance company Freddie Mac said on Wednesday. Fifteen-year mortgages also dipped to 5.81 percent from last week’s 5.90 percent, while one-year adjustable-rate mortgages averaged 5.14 percent, down from 5.20 [...]

A home equity line of credit is a great way for the smart homeowner to get the funds he or she needs to make home improvements and repairs, pay for college costs and many other reasons. The low interest rates of the last few years, combined with ever increasing home values, has combined to create [...]

If you are a loan officer or mortgage broker, and you are on the market for mortgage leads, you may want to consider buying them in “real time.” Real time leads or fresh leads are for loan officers looking for quality in a lead, as opposed to buying quantity, otherwise known as buying in bulk. [...]

If you have lived in your home for a reasonable amount of time, you may be considering refinancing. Refinancing can be done in a few different ways. One of the most popular recently has been the home equity loan. A home equity loan is a loan used to pay off your existing mortgage at a [...]

For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs in [...]