Your Mortgage and the Government Bailout
April 15, 2010
The United States is currently in the middle of a mortgage crisis. Foreclosures on mortgaged homes are at an all time high, and predictions say that billions of dollars of wealth will have been lost before its through. The effects of the crisis are being felt on all levels – aside from people facing foreclosures on their homes, many lenders have gone bankrupt. Finally, the government has decided to step in and provide some relief to lenders and Read more
Want a Fixed Rate Mortgage That Will Save You Thousands on Mortgage Interest?
April 12, 2010
How would you like to discover a little known fixed rate mortgage program that will not only save you thousands of dollars, but tens of thousands of dollars on a mortgage loan? Read on…….
I am not referring to a 15 year mortgage, nor am I talking about a bi-weekly or some type of mortgage reduction program. Yes if you can afford the payments the come with a 15 year loan, the by all means go for it. It will not only get you o Read more
Feldman Law Center – Are Subprime Mortgages Returning?
April 3, 2010
There is a great quote regarding history that goes – those who do not study history are doomed to repeat it. However, it seems that even as we are watching history play out, we are seeing people repeating it again and again. A huge portion of our current economic crisis was caused by subprime mortgages and predatory lending practices. Unfortunately, some companies are going back to the subprime concepts.
Toll Brothers Inc. is Read more
Florida Mortgage: the Perfect Refinance
March 21, 2010
The Good Old Days
Ah, remember the good old days when the Federal Funds rate was 1% and the Prime Rate was 4%? This was the case in 2004. It’s amazing what a couple of years can do. The change began in June of 2004 with the first of the Federal Reserve rate hikes. We didn’t know it at the time but that rate increase was to be the first of many. By June of 2006 the Federal Reserve had increased the rates seventeen times Read more
What is the Homeowners’ Emergency Mortgage Assistance Program?
February 9, 2010
The Homeowners’ Emergency Mortgage Assistance program is a mortgage relief bill that is currently being reviewed in the U.S. House of Representatives committee on Financial Services. Since this bill is in the early stages of the procedure to become a law, it still has to overcome several major hurdles before (and if ever) it becomes a law. Nevertheless, it is worthwhile to take an in-depth look at this proposed program to understand precisely wha Read more
How To Use A Military Mortgage
February 5, 2010
Active duty military personnel who are having financial problems with their mortgage payments have some avenue of help under the Soldiers and Sailors Relief Act which can be very beneficial to them and to their families.
Who is eligible for this program?
The provisions of the SSRA apply to active duty military personnel who had a mortgage obligation prior to enlistment or prior to being ordered to active duty (for Re Read more
Mortgage Refinancing – Mortgage Calculator – Mortgage
January 29, 2010
Mortgage
Mortgage refinancing is the method of replacing a mortgage with some other financing. Often, this involves acquiring the necessary financing from some other financial institution at better terms than the current. But mortgage refinancing can also mean getting a new loan from the same financial institution at better terms.
In general, the purpose of refinancing a mortgage is to lower the cost of it.
Growing Up IN A Recession. Mortgage Acceleration comes To Your Aid17
January 22, 2010
Most of your payments go towards paying off mortgage interest rather than paying off principal.
And it could take almost thirty years, and if you refinance along the way over 40 years to pay off that mortgage.
And lets assume you are approaching retirement.
Just imagine your mortgage outlasting you in retirement. When you pass on the home on to your kids they think they have a home but may be saddled with mortgage Read more
My East Stroudsburg Mortgage Calculations Never Stop
January 22, 2010
No, we are not talking about you going on and on with your East Stroudsburg mortgage calculations (using mortgage payment calculators from all websites) and, as a result, not reaching any decision on your mortgage. Here we are talking about the mortgage calculations after you have got your East Stroudsburg mortgage and have moved into your new house (with a smile, of course).
Since mortgages are governed by home mortgage rates and Read more
Mortgages, True Costs Revealed – Early Redemption Charges
January 14, 2010
An Early Redemption Charge is a fee you must pay for paying off a mortgage before the agreed end of a deal with a lender.
Why are such penalties applied?
In order to attract borrowers, lenders are often forced to compete by offering mouth-wateringly cheap deals in the first two or three years, sometimes for longer per Read more