Tag Archives: home mortgage

PMI Abuse

Dale Mayer writes in The Home Mortgage Book: PMI is also a hot issue that has been addressed through litigation because it was often abused by unscrupulous lenders. Today a lender must explain to you at closing how to cancel … Continue reading

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Should You Hire An Attorney When You Buy A Home?

Dale Mayer writes in The Home Mortgage Book: The Real Estate Bar will tell you that brokers and lenders do not want attorneys coming in and destroying their well-crafted deals. That dealys their paydays by weeks and months. Your broker … Continue reading

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The Home Mortgage Book: Insider Information Your Banker & Broker Don’t Want You to Know by Dale Mayer

Dale writes: Lenders also appreciate prequalification because they no longer need to depend on real estate agents for referrals. Lenders can advertise that they offer prequalification letters… There is nothing more important in your financial life than your credit score. … Continue reading

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Cutting Rates On Jumbo Loans

From the WSJ: Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some "jumbo" mortgages. Jumbo mortgages are those larger than the normal limit — currently $417,000 — on loans that can … Continue reading

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Cash Out Refinancing

From Worldmag.com: The present housing situation and its cousin, mortgage financing, have provided the catalyst for an important discussion for believers: What should our home mortgage borrowing look like? The most common occurrence in the last five years was for … Continue reading

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Refinancing Your Mortgage

From Ohio.com: It was designed as a primer for people who might find in a period of high housing inventory and low mortgage rates, that it’s the right time to buy a home. But we also strove to give step-by-step … Continue reading

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American Bankruptcies Up 38%

Gee, who’d have thunk it? Wonder if the credit mess had anything to do with this? WASHINGTON (Reuters) – Bankruptcy filings by American consumers and businesses soared 38 percent in 2007 to a total of 850,912, the Administrative Office of … Continue reading

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Be Wary Of Those No-Cost Refinance Loans

They sound good but they may not be good for you. Read the fine print. Add up all the costs. Usually these no-cost loans will have a higher interest rate. The Newark Advocate writes: You might have seen ads lately … Continue reading

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UK Interest Rates For Risky Mortgages At Highest Rate In 8 Yrs

A lot of lenders are fleeing the home mortgage market. There’s a credit crunch. Even those with good credit are having a hard time getting loans. Mortgage credit still easiest to come by in the US. LONDON (Reuters) – The … Continue reading

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Workshops On Avoiding Foreclosure

These things are popular these days. From the Nashua Telegraph, we learn that people need guidance. They need tools. They need suggestions. They need someone to hold their hand. They need a prod and a push. With a little help … Continue reading

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