In between the mortgage crunch, the rates of 30, 15-years mortgages have risen in the last week. Freddie Mac recently announced about the increase in the rates. The 30-year fixed mortgage rate reached 5.88 percent while 15-year fixed rate mortgage reached 5.42 percent.The 30 year mortgage rate stood at 5.85 percent and 15-year mortgage rate […]
The senate has agreed on working together to develop a package to help deal the foreclosure issue. It was indeed a surprise move where both Republicans and Democrats leaders agreed to find a common solution. But, the time is short and so, the senate needs to work fast to use this deal for the benefit […]
Secured loan is a primary route for lending. Secured loan is becoming more popular as more and more people are interested in secure loans. As the equity of your home increases, you can borrow more money through the secured loan way.
Most of the lenders offer secured loans to the homeowners. A secured loan is given […]
Land contract or Contract for Deed means a contract whereby the owner or seller of the real estate property finances the buyer to purchase of the property. Sometimes, you may not have the down payment necessary to buy a home, Sometimes, you may not have the finance necessary for buying a home and you cannot […]
In a short sale, you buy a home with mortgage and you negotiate the mortgage on it. Such property is in foreclosure and with no equity in it. In such sales, the value of the property will be lesser than the mortgage outstanding. So you need to negotiate with the bank to reduce the buying […]
