| House Refinance Center |
| News, Tips, Advice, Articles And Information About U.S. Mortgages |
| HUD Affordable Housing The foreclosure crisis is causing problems in the rental housing market. Homeowners losing their homes are having a difficult time finding affordable housing. Watch the above video. |
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| Interest Rates 30 yr fixed 3.79% and 0.7 points/fees 15 yr fixed 3.04% and 0.7 points/fees 5 yr ARM 2.83% and 0.6 points/fees As of May 16, 2012 more rates... |
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| Videos: The Mortgage Minute Tips, news and advice on mortgages |
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| Government Info |
| Your Bank Has Little To Do With Your Mortgage Rate Stop blaming your banker for the mortgage rate you are paying. And on the flip side, do not give him all the credit for the low rates we are currently getting. In London, England there are 19 bankers that call the shots. These bankers determine the rates throughout the world. read more... |
| Recession Leads Banks To Foreclose On Churches In Record Numbers America's churches are victims of the housing bust. Just like their residential counterparts, churches are having difficulties paying their mortgages. read more ... |
| Hardest Hit Fund: Only 3% Doled Out To Struggling Homeowners In Two Years The Hardest Hit Fund was established by the Federal government in February of 2010 to help Americans facing foreclosure save their homes. Only $217.4 million of the initial $7.6 billion has been distributed to homeowners. read more... |
| Realtors Optimistic: US Home Buying Season Will Lead To Housing Recovery A mild winter is just what the doctor ordered for a great home buying season. Realtors across the nation are looking forward to April, May, June and July. During these months about 40% of house sales are completed. read more... |
| Lenders Finally See The Money In Short Sales Banks are finally seeing the money in short sales rather than going through the long expensive process of foreclosure. The number of US short sales were 23.9% of home purchases in January, compared to 19.7% of foreclosures according to Lender Processing Services (LPS). A year earlier 16.3% of real estate sales were short sales and 24.9% were foreclosures. read more... |
| Buying A New House: Be Sure To Get The Mineral Rights New home builders are finding new ways to help their bottom lines in this troubled US housing market. One such house builder, D.R. Horton retains the rights to drill for natural gas under the homes it sells in North Carolina. In addition the company keeps the rights to water, oil, coal and other minerals. read more... |
| Builder Retains Mineral Rights On Your New House: Why Your Lender Might Not Refinance Mortgage Signing away the mineral rights to your house might conflict with some of the requirements of your mortgage. To make sure that you are in compliance, you should ask your bank or mortgage lender if there are any clauses in the mortgage contract that would impact the mineral rights lease. read more... |
| Credit Problems? How To Buy A Home With Friends The current economic conditions fueled by questionable mortgage loans is causing lenders to tighten their underwriting standards. Credit is simply tough. These circumstances have led many unattached singles to pool their resources and purchase homes together. These "mingles" are divorced, separated, widowed, or never married. read more ... |
| Foreclosure Crisis Fills A Gap In Refugee Housing Thousand of refugees to the US face the problem of finding decent housing. There is an acute shortage of housing because landlords are hesitant to rent to someone who has just arrived in the country. Who would rent to a refugee? In addition, refugees do not have the funds for a downpayment to buy a house. read more... |
| Banks Are Sitting On Thousands Of Houses With Mold And Mildew: Would You Buy One? Everyone wants a bargain when it comes to purchasing a house. We are bombarded with the news that interest rates are low, that house prices are falling and that now is the time to buy real estate. We also hear that there are millions of foreclosure houses that are just waiting for a willing buyer. But what about houses that the banks own that are filled with mold and mildew, can these ever be a good deal for a buyer? read more... |
| Let's Offer Foreclosure Homes To Veterans: Help Them Rent Or Buy There are over 10 million houses in foreclosure across the US. One of the plans put forward by the Federal Government to get rid of these houses was a rental program. This program would see the foreclosure homes sold to investors. read more... |
| President Obama Was Right: Principal Reduction Works: Time To Fire Edward DeMarco It is one thing to have an ideological difference, but to deliberately mislead the President and Congress is grounds for immediate termination. Edward DeMarco in his heart did not want to see Americans rescued from foreclosure by way of principal reduction. read more... |
| Mortgage Lenders Require Force Placed Insurance: Pushing Homeowners Over The Edge Into Foreclosure Force placed insurance is causing thousands of homeowners to lose their homes to foreclosure. When your insurance policy lapses, your mortgage lender has the option of buying insurance on your behalf. Of course you pay for it, but it is about ten times the normal insurance. read more... |
| Landmark Lawsuit In Florida Could Undo Millions Of Foreclosures Across The US In the past five years courts in Florida have been dealing with thousands of foreclosure cases. At issue is whether banks can foreclose when the documents used to foreclose were fraudulent. Due to robo-signing some judges came down in favor of the banks, while other judges threw out the cases. In extreme cases banks were allowed to refile at a later date with the correct paperwork. read more... |