Jul 15th 2010 8:57AM
Recent news that more than 25 percent of Americans have credit scores below 600 sends up yet another flare in the real estate world. Securing a mortgage these days isn't easy. Even if you've managed to save for a 20 percent down payment, it won't do you any good if you can't borrow the rest of the money to purchase your... Continue Reading »
Jul 2nd 2010 8:28AM
Key Video Takeaways David and Lia are like many of the 86.3 percent of college graduates who had to borrow money to pay for a four-year undergraduate education. Now they worry about how that might affect their chances for buying a home. The average cumulative debt of America's loan-taking undergraduates is $24,651,... Continue Reading »
Jun 25th 2010 5:22PM
Now that Senate and House negotiators have reached a compromise on new financial regulations, we know what will happen to the mortgage industry if the bill passes and how it will impact your ability to buy a house. Those freewheeling days of no-money-down, liar loans are dead. Instead you'll find more paperwork is needed... Continue Reading »
Jun 24th 2010 1:33PM
Jennifer Labin was coming up on the seventh year of her adjustable rate mortgage when she decided it was time to try to lower her interest rate. Jennifer and her husband had lived in their Maryland townhouse for the better part of a decade. But with a bigger family on the way and the interest rate on their ARM about to... Continue Reading »
Mar 4th 2010 11:00AM
Umesh Singh's suburban Minneapolis home sat on the market for nearly two years after he had moved on to a new job in Florida. After dropping the price of his 5-bedroom, 4-bath home from $429,000 in December 2007 to $385,000 by summer 2009, Singh, who carries two mortgages, decided enough was enough. It was time, he... Continue Reading »
