Posts with tag home loans

While it's true that interest rates are near historic lows, not all home loans are created equal. Depending on the lender you choose, the type of mortgage you apply for, even the time of day you approach your lender, you could be quoted a different price for your mortgage. If you don't compare the rates of at least 3... Continue Reading »

Some homeowners in their 50s are taking advantage of historic low rates to refinance their homes and score themselves a mortgage-free retirement. Mark and Jan Sass, 55-year-olds who live in Cincinnati, Ohio, refinanced their home last week to lock in lower rates, Reuters reported. They switched from a 20-year fixed-rate... Continue Reading »

Years have passed since the housing crisis first brought the U.S. economy to the brink, but reports of mortgage fraud are only increasing -- up 31 percent in the first quarter of 2011, according to the Financial Crimes Enforcement Network, a Treasury bureau that tracks illegal financial activity. In a report released... Continue Reading »

A new survey reveals that more than half of homebuyers today don't know what the Good Faith Estimate is actually good for - namely, to shop around for the cheapest mortgage loans on the market. In a survey released by ING Direct on Wednesday, 56 percent of respondents did not use the GFE to compare lenders' associated... Continue Reading »

Buying a home is the biggest transaction in most consumers' lives. So why are an increasing number of homebuyers trusting their life savings to online mortgage processing sites? A recent survey by LendingTree.com shows that 21 percent of potential homebuyers use the internet to shop for their mortgage online. Could online... Continue Reading »