There are a great deal of people who are paying private mortgage insurance premiums every month that don’t need to be paying them anymore. The market value of real estate has definitely gone down the past two years, but many of you still have 20% or more equity in your home, which qualifies you [...]

For those of you who own a house with a Citi mortgage, you might be interested in this announcement made by Citi Group to help homeowners avoid foreclosure.
Citi Group will reach out to a group of 500,000 homeowners to help them stay current on their mortgages, and it could result in a $20 [...]

This subject has hit home for me lately. I don’t even have a mortgage yet, so it’s not a personal situation, but someone I know is going through some financial issues right now with their mortgage. This is the first time that I’ve been affected by it on a somewhat personal level. [...]

Fannie and Freddie Mac mortgage companies may be worrying Wall Street, but they’re woes have given a gift to those looking to buy a house. On Monday, the prime mortgage rates on a 30 year fixed mortgage dropped from approximately 6.5% to 6.0%, and it has since fallen to about 5.75% throughout the week. [...]

For many young people, buying a house is a challenge largely because of the down payment. Many young people bring in a great income, but they haven’t worked long enough to build up a good down payment. The market right now is a buyer’s market, and there are plenty of deals out on [...]

Instead of sending the average joe to the moon, Richard Branson started taking on a much less glamorous endeavor. One of his many Virgin offshoots called Virgin Money, has put together a peer-to-peer lending system for families. You can visit the site here.
The products they offer are mortgages, business loans, student loans, and [...]

My wife and I are in the process of buying a home, and I have been frustrated lately at the hidden mortgage fees that brokers try to pass off as “necessary” to close the loan. When in fact, there are so many fees that don’t need to be paid by borrowers with good credit [...]

My wife and I are in the process of buying a house. We’ve owned one other piece of property in the past, but this time is much different. The market is different, the amount is much more, and we don’t have a loan from her parents for a down payment. If you [...]

The Federal Housing Administration offers a great mortgage product for those of you that don’t have much of a down payment for a house. It’s also good for those that need to live in a more expensive area, but don’t have a 10% down payment given the home prices in the area. Conventional [...]

Here is the article from the AP, via Yahoo Finance about the House sailing through a bill to bail out homeowners and the Fannie Mae/Freddie Mac institutions.
I love how Yahoo Finance titles it a “rescue” when it should be called a “bail out”. Rescue makes it sound like Congress is doing such [...]