Archive for the ‘Mortgages’ Category
Saturday, May 17th, 2008
For any kind of a homebuyer it is very essential that he should take care of the mortgage rate before going for any kind of a loan. If no care is taken of the mortgage rates, then you can definitely land in a mortgage crisis. Adjustable rate mortgages and fixed ...
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Tuesday, April 29th, 2008
When an existing debt obligation is replaced with another debt obligation which bears certain different terms and conditions refers to refinancing where the most common and popular form of consumer refinancing is for the purpose of home loans. The main purpose for which any body opts for refinance is to ...
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Sunday, March 16th, 2008
If you think you have good credit, think again. Chances are there is something on your credit report that can impact your credit rating; this type of news is particularly alarming if you are shopping for a loan or applying for credit. You can save yourself headaches as well as ...
Posted in Credit, Mortgages | 2 Comments »
Thursday, February 28th, 2008
PMI, or Private Mortgage Insurance, is typically required by lenders when borrowers are not able to put 20% down on the purchase price for their new home. PMI is a type of insurance that protects the lender in the event that a homeowner defaults on the loan.
What Is Your Home's ...
Posted in Mortgages | 2 Comments »
Monday, January 7th, 2008
The news handed down by U.S. Treasury Secretary Henry Paulson was glum today: as many as 1.8 million sub-prime mortgages are poised to reset over the next two years. Currently pegged at historically low rates, these mortgages will suddenly surge as the adjustable rate period kicks in. The result will ...
Posted in Mortgages | 2 Comments »