Home loans hit their lowest rates for the year
Friday, July 11
The home loan experts over at The Mortgage Reports said last week that mortgage rates are getting near a 13-month low, and that mortgage payments have gone down 4.4 percent since the beginning of the year. This means the amount that is going to the principal of the home is 7 percent higher than i...
Qualifying for a home loan with poor credit
Tuesday, July 08
In a recent article from the New York Times, they reported that subprime loans accounted for around 15 percent of all new home loans in 2005 and 2006. That high of a percentage of high-risk loans is part of what caused the economic downtown a couple years later, and is what makes home loans so ha...
HARP loans getting easier to qualify for
Thursday, July 03
There is good news for homeowners with high mortgage rates who have their home loans owned by Fannie Mae or Freddie Mac on or before May 31, 2009. Qualifying for a HARP (Home Affordable Refinance Program) loan is now easier than ever, and the amount you can save per year is continuing to rise as ...