Could 2009 Be The Time To Buy?

Thursday, March 26th, 2009

With home prices dropping and mortgage rates at an all time low, could this be the time to move out of that rental and into a home of your own? What would the difference be in the monthly payment, if any if you were to purchase a home now rather than pay rent??? Let’s take […]

Top US Banks Offering Loan Modification Packages

Wednesday, January 28th, 2009

Major US lenders have??announced they are aggressively reworking mortgage loans to help homeowners remain in their homes.?? The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac loans, along with the HOPE NOW alliance of lenders, launched a “Streamlined Modification Plan”??in December. IndyMac Federal Bank also announced a systematic and streamlined loan modification […]

Pitfalls to Avoid during the Loan Modification Process

Thursday, January 22nd, 2009

A Loan Modification is a valuable tool in helping homeowners get back on track with their loans and protect their homes from foreclosure, but often even after a loan modification people end up right back where they were, and sometimes even worse.?? In fact, more than half (55%) of loans modified in the first nine […]

US Mortgage Rates Falling

Monday, December 15th, 2008

U.S. mortgage rates dropped the most they ever had in at least seven years at the end of November as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank???s benchmark rate had failed. The average rate for a 30-year fixed mortgage fell to about 5.5 percent. […]

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