May 22nd 2013 1:00PM
By Scott Sheldon Securing a mortgage today requires careful consideration of all the figures associated with the transaction. The biggest figures that most homebuyers pay attention to include loan amount, interest rate, closing costs and the one most benign to consumers, the annual percentage rate (APR for short), which... Continue Reading »
May 13th 2013 11:30AM
By Alison Paoli Mortgages are tricky and often hard to understand. Because most people only purchase a home every five to seven years, prospective homebuyers understandably don't spend a lot of time in the interim educating themselves about mortgages and the mortgage process. With the real estate market picking up and... Continue Reading »
May 9th 2013 11:59AM
By Les Christie The housing market is heating up, yet many house hunters are not prepared to take on the biggest purchases of their lives. When it comes to mortgages, homebuyers answered basic questions about terms, how to choose a lender and financing wrong nearly one-third of the time, according to an April survey of... Continue Reading »
Oct 31st 2012 10:44AM
A majority of the largest metropolitan areas in the U.S. recently received good news on the mortgage front, as foreclosures dropped in the third quarter. Home seizure activity slumped on an annual basis in 62 percent of the nation's 212 largest population centers during the period, according to the latest data from the... Continue Reading »
Jul 27th 2012 4:30PM
By Gerri Detweiler Are you getting ready to shop for a mortgage? You may be intimidated by stories about how much more difficult it can be to qualify these days, but don't let that stop you. Borrowers are still getting loans, and when they do, their rates are often remarkably low. Still, to land a sweet deal... Continue Reading »
Jul 16th 2012 3:15PM
Mortgage rates have fallen to record lows. But if you're in the market for a home loan, you're going to have a tough time matching the deal that Facebook founder and CEO Mark Zuckerberg got on his mortgage. Like millions of Americans have done in recent years, Zuckerberg decided to refinance his mortgage. But according to... Continue Reading »
Jul 9th 2012 10:13AM
Sidnetta Smith (pictured at left) had to uproot herself and her children and move to North Carolina, leaving half of their belongings behind, when Bank of America foreclosed on their Atlanta home and evicted them. That's painful enough, but there's an added rub: Smith's home wasn't BofA's to take – because the bank... Continue Reading »
Jul 3rd 2012 11:30AM
Rita James (pictured above) bought her Atlanta home nearly 50 years ago, and she paid off her mortgage in 1994. So she was flabbergasted when, in 2007, a company called Intown Ventures brought a lawsuit against her claiming that she owed them five years of back rent for living in her own house -- because Intown was... Continue Reading »
Jun 22nd 2012 1:00PM
By Les Christie Reducing the amount that struggling homeowners owe on their mortgages is proving to be a more effective way to prevent foreclosures than other methods, such as reducing interest rates or postponing payments, a new report finds. In a report presented this week, Amherst Securities Group said that when... Continue Reading »
May 30th 2012 5:15PM
By Neal Frankle As you probably already know, it can be almost impossible to obtain a bank mortgage with bad credit. If you otherwise can't get a loan because you have a troubled credit history, one alternative to a traditional bank mortgage is to obtain one from the seller. Seller financing has its benefits, as well as... Continue Reading »
May 9th 2012 11:30AM
LOS ANGELES -- Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday that it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The Charlotte, N.C.,-based... Continue Reading »
May 7th 2012 1:30PM
By Credit.com The rate at which consumers are behind on their mortgage payments by 30 days or more slipped in March to the lowest levels seen in more than three years. The total value of all mortgage payments that were at least 30 days delinquent slipped to less than $500 billion in March, a level not seen since January... Continue Reading »
Jun 9th 2011 12:04PM
The housing inventory is flush with choices. Interest rates are at record lows. And you're ready to buy a house. There is likely just one thing standing between you and home ownership: Getting a lender to approve your mortgage. Here are eight ways not to sabotage your plans. 1. Don't quit your job or decide to become... Continue Reading »
Jun 8th 2011 3:10PM
When Dr. Alexis Roettinger returned last year to Newport, R.I., she knew it was worth it to buy a house. After completing her medical residency in Buffalo, N.Y., she had landed a new job at the local hospital in the seaside city where she grew up. Roettinger, 35, knew she'd be staying a while. To save money for a down... Continue Reading »
Apr 15th 2011 8:30AM
Will homeowners see a penny of the reimbursements that the government has ordered 16 mortgage lenders to pay? Not likely, foreclosure victims and housing activists say. Under a settlement between regulators and banks announced on Wednesday, an independent review will be conducted of all foreclosures that took place in... Continue Reading »
Billionaire David Siegel's Unfinished 'Versailles' Mansion in Florida to Resume Construction
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