If you haven’t noticed, mortgage lenders, brokers, and their agents are hurting right now. They’re looking for any business they can get. They’re not getting it from new business, because no one is buying a house right now. So, mortgage companies are looking for their business from the refinance market. That’s […]

Fed Reserve Chairman, Ben Bernanke, made a statement today in Richmond that struck me the wrong way. He said:
“We do not have the luxury of waiting for markets to stabilize before we think about the future,”
I think that he’s right about putting more strict guidelines on mortgage lenders to help weed out the […]

Here is a good question from a Money Crasher’s reader that I thought I would share with everyone, because some of you may have the same question. Remember, don’t take my advice as gospel. Verify it with other people you trust in your life. I answer questions how I would do it […]

If you haven’t already noticed, the housing market is correcting itself right now. That’s what capitalistic markets do, they correct themselves. The government has intervened a little bit, but for the most part, you are seeing the housing market fix itself. Unfortunately, thousands of hard-working citizens are losing their homes. They […]

We all know that the housing market has crashed, and it is working to correct itself from the housing boom. Unfortunately, foreclosures and falling home prices are the result of the market correcting itself. However, as prices fall in your area and sellers become more desperate to dump the home they bought a […]

Reuters via Yahoo Finance, wrote this article about potential hope for distressed borrowers feeling the pressure of foreclosure due to adjustable rate mortgages.
Mortgage lenders were being stingy at the beginning of the housing downturn, but now they are finally realizing the ramifications of what is going on with the housing market, so they’re […]

This is a common question asked these days due to all of the people that are starting to feel the squeeze from their adjustable rate mortgages continuing to rise each year. One percentage point on a $300,000 mortgage can increase your payment hundreds of dollars, and some people don’t have the extra money. […]

I was reading a couple of articles about paying your mortgage or rent payment with a credit card. There are some companies that are allowing you to use a credit card such as the American Express Blue Cash card to make mortgage payments. There is an enrollment fee of about $400 bucks, so […]

Today, Bush announced a plan to freeze introductory mortgage interest rates for those homeowners that bought variable interest rate mortgages in order to qualify for a house they could not afford with conventional home loans. With all of the “scares” from economists about a possible economic recession, the spike in foreclosures around the country, […]

The debate over paying off your mortgage early versus investing the extra money into the stock market is one that many financial “experts” argue back and forth over. I have made a few posts about this in the past, and it usually generates quite a few comments from you all.
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