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June 2010 Mortage Articles

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Why Refi? Loan Modifications Failing--And Fannie Stiffening Penalties For Default

June 29th, 2010
Many homeowners are facing challenging choices if their home equity is at or below zero–especially if their mortgage rates are well above current rates. Too often the first choice for...  Read More

Mortgage Rates Stay Low As Home Sales Plummet + Other Mortgage News

June 25th, 2010

As mortgage rates hit 50 year lows and economic reports last week showed a sluggish economy, the Fed shows no inclination to change its direction regarding low rates. However, home...  Read More

Reverse Mortgages: Another Option for Seniors Facing Financial Difficulties

June 23rd, 2010

Lending guideline changes have restricted the ability of many seniors to access home equity to help pay for current financial needs. As a result, many seniors who before may have...  Read More

Debt Consolidation With Low Credit Score? FHA Refinance May Help

June 22nd, 2010
You may be like many Americans who have seen bonuses, overtime and hours cut in the past year or two. The decline in income may have forced you to decide...  Read More

Purchase Mortgage Applications Reverse Decline, Rates Lower As Economy Limps

June 18th, 2010
Refinance calculators have been buzzing. Mortgage rates continue their historic lows and stabilizing housing values in regions across the country have created a surge in refinance mortgage applications. Also increasing...  Read More

FHA Refinance and Purchase Loans To Become More Expensive?

June 16th, 2010

In the last year, FHA mortgage insurance rates have risen to cover losses incurred by defaults on FHA mortgages. Last week a bill allowing additional increases to FHA mortgage insurance...  Read More

Guidelines for Renting Out Your Current Home & Purchasing A New One: Can You Qualify?

June 15th, 2010
Mortgage rates are at historic lows, and property values have dropped. This may just be a great opportunity to convert your current home to a rental property, and purchase a...  Read More

Mortgage Rates Continue To Drop On Economic News

June 11th, 2010

Despite a continuing drop in mortgage rates, applications for mortgages fell steeply last week. Federal Reserve Chairman Ben Bernanke gave several talks that impacted mortgage rate markets. Mortgage rates continue...  Read More

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