U.S. mortgage applications last week fell 5.1 percent, an industry group said Wednesday.
The Mortgage Bankers Association said that for the week ending Jan. 27 its index of mortgage activity fell to 626.8 from 660.5 in the previous seven-day period.
On an unadjusted basis, the group’s index was down 12.1 percent compared with the same week one […]

Reverse Mortgages can now give you more funds than ever before with a nationwide lending limit elevation on January 1st of 2006. Now borrowers can utilize more of their home’s equity without the burden or risk of making monthly payments, and still leave enough value in the home for your heir’s legacy.
The Reverse Mortgage is […]

While the lender will be asking for you for a lot of background information in order to ensure you are the best fit for the money they will loan out, there are critical questions you should ask the lender as well. Failure to ask mortgage lender the right questions can result in misunderstanding and ultimately […]

First lets recap on the steps generally involved in a successful mortgage application.
Basic steps involved in all mortgage applications
Calculate your budget and the amount you need to borrow. There will always be additional costs over and above the purchase price when buying property. These include legal fees and taxes, property registration fees, valuation fees and […]

In recent years property values have soared, while investment returns have been modest. This has created a situation where a lot of seniors are finding themselves in the position of being house rich and cash poor. These cash strapped seniors are looking for ways to increase their retirement income while continuing to live in their […]

Rates on 30-year mortgages fell for a sixth straight week, dropping to the lowest level in three months, according to a weekly survey released Thursday.
Mortgage giant Freddie Mac said rates on 30-year fixed-rate mortgages dipped to 6.10 percent this week, down from 6.15 percent last week.
Rates have been falling since mid-December when rates on the […]

The News and Observer:
“Low interest rates in recent years cheered consumers, but they hurt at Genworth Mortgage Insurance, a Raleigh-based company that sells private mortgage insurance to home buyers.
In the past three years, Genworth Mortgage lost more than 40 percent of its first-time home buyer business to lenders offering piggyback and refinancing loans as cheaper […]

U.S. mortgage applications fell for a fourth straight week last week despite a jump in refinancings as lower interest rates on fixed-rate loans enticed home-owners to switch out of adjustable-rate mortgages, an industry trade group said on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended December […]

Using a mortgage broker to shop for home loans can make the borrowing process a lot less stressful than doing it yourself. Here are the nuts and bolts on getting a good broker.
Competent Mortgage Brokers
There are a couple of obvious situations where going with a mortgage broker makes perfect sense. If you have less than […]

The bond market turned upside down this week in a move that may end up costing many people more to buy a home.
The phenomenon is called an inverted yield curve — when short term interest rates rise above long term rates — and it hasn’t happened for five years. What it could mean is increased […]