Posts with tag home loans

10 Mortgage Misconceptions

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 »

Mortgage Loans: New CFPB Rule Lets Lenders Make the Call on Who Can Afford Them

By Mandi Woodruff When it comes to placing blame on mortgage lenders, regulators or consumers for 2008's crippling housing crisis, it's fair to say each played a role. Yes, banks issued millions of mortgage loans that homebuyers couldn't afford, targeted minorities for subprime loans, and made the entire lending... Continue Reading »

New Warning on Mortgage Mods: Demand for Up-Front Fees Is a Sure Sign of a Scam

The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans are still underwater when it comes to what they owe on their mortgage versus the value of their home. As such, many may be looking for some relief, and scammers are now preying on that need. In recent weeks,... Continue Reading »

Co-Signing a Home Loan: Should You Do It?

By Jeanne Kelly During this festive season, we often spend more time than usual with our family -- for Thanksgiving and Christmas get-togethers. The early, chilly nights force us to spend more time indoors, hanging out with brothers and sisters, aunts and uncles, and nieces and nephews. Family bonds are strong. Most of... Continue Reading »

Home Equity Lending's Uptick: Why It's Good News for Homeowners and the Economy

By Jeff Brown Terrific news! Home equity lending is increasing! OK, maybe it's not a world-changing event. But an uptick in home equity loans is more evidence that the housing market is strengthening. And it gives another loan option to homeowners who still do have equity despite the plunge in home prices after the... Continue Reading »

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