Tag Archives: credit scores

Mortgage Interest Rates Fall

Mortgage interest rates dropped this past week. They remain under 4% for borrowers with the best credit scores. There’s not much demand for mortgages so with reduced demand, suppliers of such loans must drop their prices (interest rates and fees) … Continue reading

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Refinancing Into 3.75% Fixed-Rated 30 Year Mortgages

Mortgage interest rates are at unthinkable lows, not that that does much good to most homeowners who are stuck in mortgages paying interest rates above 6% but can’t refinance because of either inadequate equity in their homes or inadequate credit … Continue reading

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Mortgage-Only Defaults Are Good Credit Risks

For most people, most of their wealth is in their home equity. When the market turns south suddenly and people find themselves owing much more on their homes than they are worth, they understandably consider defaulting and moving on. THE … Continue reading

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I Look Forward To The Mortgage Market Going Private

What will it mean to the average home buyer? Mortgage interest rates will probably tick up a quarter of a percentage point. Lenders will demand larger down payments. Fixed-rate 30 year mortgages will be harder to get. Overall, not so … Continue reading

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Low Rates For Those With Great Credit Scores

You keep hearing on the news about record low mortgage rates. But you’re having a hard time getting a hold of those low rates for yourself. Exactly who is taking advantage of these low rates? Only those who need them … Continue reading

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Car Sales Down, Financing Difficult

Report: It’s no surprise the downturn in the economy is having a negative effect on Indiana car dealerships. Chevrolet and Ford dealership owner Bill Estes says the Wall Street crisis hits home for Hoosiers when they go to buy a … Continue reading

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Finding A Mortgage

From WNEP.com: Mortgage brokers and the chief operating officer of a local bank said the mortgage meltdown has slowed down the housing industry but people with less then perfect credit can still get mortgages. Luke Mathews is president the Mathews … Continue reading

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Finding Mortgage Money

Mary O’Brien writes: That being said, the reality is that there is mortgage money available and most people can get a mortgage today! An important first step in investing in a home is to be pre-approved with a lender. When … Continue reading

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Buying A Home With Bad Credit

From Newsweek in August 2007: "Everyone was getting loans. People with worse credit than me, even." But the once booming housing market is now foundering in many cities, largely because buyers with shaky credit scores like Miller’s have been defaulting … Continue reading

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Solving The Mortgage Crisis

From Barrons: WHAT DO YOU CALL A PERSON WHO OWES MORE ON HIS MORTGAGE than his house is worth? Absurdly, the payments still are designated tax-deductible interest (mostly) and repayment of principal (a tiny fraction). To solve the mortgage crisis, … Continue reading

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