In any type of market, it is obvious that some products are better than others. The case is same in mortgage. Some qualities are so poor in terms of their terms fees and interest rates that they are considered predatory. Everyone wants to stay away from predatory lending in real estate. In mortgage loans, portrait… Read More BEWARE OF PREDATORY LENDERS
According to research data collected from the official Mortgage Bankers Association, the share of mortgage loans that were delinquent nearly around 90 days or more past due or in the process of foreclosure averaged 1.7% from 1979 to 2006, with a low of about 0.7% in 1979 and a high of about 2.4% lately in… Read More The growing difficulty of getting a mortgage
If you are a home-owner and have to pay monthly mortgage payments then, at some point you might have considered to pay off your mortgage earlier and faster to reduce the debt load. This may sound a very financially beneficial decision assuming that you mortgage lender does not put some kind of penalty. To prepay… Read More Should you prepay your mortgage?
Not more than a few months ago, the coronavirus outbreak brought mortgage applications down to 35% as compared to 2019. You may wonder why these mortgage applications and indexes are valuable well, it’s because these applications are considered as a gauge for future home buying activities. According to the reports issued by the Mortgage Bankers… Read More Mortgage demands jump 18%
According to the latest financial news, this makes the eighth consecutive week where the United States mortgage rates stayed below 3.30 percent. This means that the mortgages rates have hit a new record low mark. Last year around this time the mortgage rates were at 3.84 percent. This is important as the mortgage interest rate… Read More Mortgage Rates Set A New Record Low
First of all we need to understand what the meaning of mortgage forbearance in real estate is. Mortgage forbearance is a special agreement between the lender and borrower to delay foreclosure. Usually this occurs when the mortgage borrowers are unable to come up with their repayment terms and the lenders are opting to foreclose. The… Read More Mortgage forbearances keep falling
Keeping the same insurance as your previous homeowner may have its advantages but that does not mean that you cannot change it if you want to. Whatever your reasons, changing your home insurance should not be something that makes you anxious. Therefore, here are 4 easy steps that you can follow to change your home… Read More 4 Easy Steps to Switching Homeowner Companies
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