Credit Cards Before Home Loans – A Disturbing New Trend
Friday, July 23
First appearing in the beginning of 2008, a disturbing trend has developed in which consumers are deciding to pay off their credit card bills before they pay their mortgage. This trend is gaining traction, and steam, in recent months as well. Conventional wisdom has generally dictated that ...
Comparing Mortgage Offers With APR
Tuesday, July 20
The Problem Many home buyers don’t understand the basic principles when reviewing numerous mortgage offers they receive, and for real estate agents and mortgage brokers, it can be easy to forget the complications one encounters in deciphering the right offer for them. It’s a good idea to ste...
Bank of America Announces it May Cut Some Mortgages
Tuesday, July 13
The news was, well, let’s just say shocking. Bank of America announced that it would be one of the first banks that will willingly look at its subprime and adjustable rate mortgages in an effort to help make them more affordable for thousands of homeowners. This level of home loan modificati...
A Question Between Loan Modification and Refinancing
Friday, July 09
Have you ever faced the question of whether to refinance or to seek a loan modification? If you’ve been in the business for at least the past few years, you have undoubtedly faced this question. The question isn’t as simple to answer for homeowners as it once was, and the information they ...
What Effect Will the Stimulus Have on the Real Estate Market in 2010?
Monday, July 05
The Stimulus package that went into effect more than a year ago, also known as the American Recovery and Reinvestment Act of 2009, has had varying degrees of success in different aspects of the economy. The question now, as we head deeper into 2010, will be what effect will it have on the r...
Is Green Lending Your New Mortgage Niche?
Wednesday, June 30
The hot topic in real estate is green homes. People are building, buying, and remodeling existing homes to make them more energy efficient, healthy, and have less of an impact on the environment. While it is a fairly recent trend in housing, it started in commercial building more than two...