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July 12, 2011 by
Filed under mortgage refinance
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NJ refinance- the best company with their best service
February 16, 2011 by
Filed under mortgage refinance
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Forclosures Have Met Their Match… Reverse Mortgages
November 7, 2010 by
Filed under reverse mortgage
Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of forclosures have sent ripples through the housing and banking industry with the affects being felt by [...]
Ways for Homeowners to Afford Their Homes
October 9, 2010 by
Filed under mortgage insurance
Ways for Homeowners to Afford Their Homes
Banks should offer policies that make it easier for homeowners to stay put.
Read more on US News & World Report
Construction laborers and other real estate workers transfer their skills to new jobs
September 8, 2010 by
Filed under mortgage insurance
Construction laborers and other real estate workers transfer their skills to new jobs
Sept. 06–In 2007, a booming construction industry employed about one in every 15 workers in South Florida, a total of more than 160,000 people.
Read more on Builder Magazine
Reverse Mortgages or Relocation? A Guide for Retirees Ready to Enjoy Their Home Equity
September 4, 2010 by
Filed under reverse mortgage
If you’re like most people, you’re ready to retire at the age of 65 but need some way to supplement your income after the paycheck stops arriving. The good news for today’s retirees is that all of those years spent diligently paying down your mortgage makes your home a virtual bank from which you [...]
Mortgage Rates Lose Their Dependence on Base Rate
August 24, 2010 by
Filed under mortgage rates
Mortgage rates are traditionally linked to base rates. If the base rate goes up then for sure mortgage rates will follow.
What is the “base rate”? Base rate is the annual interest rate on which lending charges are calculated by the banks. It is set by the Bank of England Monetary Policy Committee on a monthly [...]
Mortgage Brokers in Canada: Their Role to Compare and Get You the Best Mortgage Rates
July 29, 2010 by
Filed under mortgage rates
In a nutshell, a mortgage broker acts as the ‘go-between’ a mortgage borrower (you) and the lender (typically the big Canadian banks). Mortgage brokers act on your behalf offering their expertise and contacts for free, and receive their commission from the lenders only once a mortgage is arranged. There may be charges for their services [...]
Reverse Mortgages and Their Growing Popularity
June 12, 2010 by
Filed under reverse mortgage
There seems to be a new phenomenon in the mortgage world known as the reverse mortgage. The ads touting how they can improve quality of life are everywhere and if you’re a homeowner, age 62 and over, you receive them in the mail almost daily. Then there are the articles warning that reverse mortgages [...]
Types of mortgage insurance and their benefits
May 21, 2010 by
Filed under mortgage insurance
If you’re unable to make the required down payment, you’ll have to purchase private mortgageinsurance (PMI) to protect your lender in case you default on your home loan. Besides PMI, thereis another basic type mortgage insurance known as mortgage protection insurance. This insurancecovers your loan payment when you’re unable to make timely payment towards it [...]