Homeowners and investors see to take advantage of historically low mortgage rates in 2012. During the third quarter, mortgage refinancing reached 2010 activity levels. The effects of mortgage refinancing benefit homeowners. Refinancing mortgages at a lower rate than the mortgage…
Category: Information About Mortgages
Should Families Buy a House or Rent an Apartment: If You Aren’t Thinking Lifetime Housing, You Aren’t Thinking Far Enough
If I had to identify the one major consideration that finance professionals consistently give bad advice, it would be that most people fail to realize that housing is not a 5-year, 10-year or even 30-year decision. It’s a lifelong decision…
Smart Family Finance Mortgage Basics: Lifetime and Reverse Mortgages Explained
Given the recent housing crash, people tend to be suspicious of any mortgage that is considered unconventional. Although unconventional, lifetime mortgages are not a lending scam. For many seniors, a lifetime mortgage can be the right decision, given the right…
What are Mortgage Lenders Looking for in a Borrower?
Louise writes for MoneySupermarket, a price comparison site in the UK dedicated to saving households money. As she teaches her 2 year old daughter about money, she attempts to educate her 25 year old husband at the same time! Buying…
4 Ways to Get Rid of Your Escrow For Your Mortgage
It’s been a while since I’ve tried publishing at eHow Business and Personal Finance. The holiday really makes it hard to focus on paid writing. My latest, highlights the four ways you can legally eliminate your escrow on your mortgage.
What are prorated taxes on the HUD settlement statement?
The HUD-1 is one of the documents you’ll sign at closing for your mortgage. It details all the money transfers between all parties related to the closing. One of the most confusing items on the the HUD is the section…
