| House Refinance Center |
| News, Tips, Advice, Articles And Information On 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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| Mortgage Rates For week ending May 16, 2013 30 yr Fixed 3.51 and 0.7 points/fees 15 yr Fixed 2.69% and 0.7 points/fees 5/1 yr ARM 2.62% and 0.5 points/fees 1 yr ARM 2.55% and 0.4 points/fees more rates... |
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| What To Do With The House And Mortgage When A Couple Separates Relations end and sometimes they end nastily. As couples sharing our lives together, we accumulate a lot of "stuff", like a house and mortgage. When the fire dies and we go our separate ways, we have to decide who gets what and how much. Attorneys are there to guide us through the maze, and for a hefty fee they are willing to help. read more |
| High End Home Sales Up, Up, Up! House Appraisals Come In Low! Home sales in the million-dollar-plus market are skyrocketing. But not every seller is happy. Real estate agents are pulling their hair out because they are losing deals and sellers believe their homes are worth the listing price. The problem seems to be low appraisals. read more |
| Stock Market: Housing Recovery See How Major Builders Are Doing At 10:58 am Friday, May 17, 2013 D.R. Horton $27.07 Beazer Homes $21.89 Pulte Group $23.70 Lennar $43.47 And others... |
| Soft Credit Scores Do Not Make Cash Advances Your Only Option People with low credit may think that cash advances and payday loans are their only options, but there are other opportunities for substantial loans with financiers. Anybody who carries a credit score less than 660 are considered "soft" credit holders. read more |
| Community Land Trusts Create Permanent Affordable Housing The Lincoln Institute of Land Policy completed a study on Community Land Trusts. They discover that homeowners living in houses in Community Land Trusts (CLTs) were less likely to be delinquent or be foreclosed on than homeowners in the overall market. read more |
| Foreclosures And Financial Strains Take A Toll On Our School Age Children The recession, the foreclosure crisis, the mortgage mess and high unemployment have all impacted our children. While adults will recover and rebound quickly, it might take several years for our children to get over the trauma. Children will suffer academically, socially and emotionally. read more |
| Mortgage Principal Reduction But why on earth would the lender ever reduce the principal that I owe on my home? How could this possibly benefit the lender? Are there government programs that subsidize the lenders for doing mortgage principal reductions? What is the advantage of a mortgage principal reduction over a simple reduction in interest to a level where I can afford the payment? All are questions we hear weekly from homeowners trying to see what the best solution to their mortgage debacle might be. read more |
| Impact Of Rising Home Prices And Low Mortgage Rates We are currently in a very good economic situation. House prices rising and mortgage rates are plummeting to record lows. There are advantages and opportunities for countless seniors, homeowners and borrowers. It is easier now for seniors to get a reverse mortgage. Homeowners are jumping at the chance the to refinance. Borrowers who walked away from a mortgage are looking for ways to reenter the housing market. read more |
| How To Get Down Payment Assistance For Your House Purchase Down payment assistance programs are available for first-time homebuyers. The major obstacle preventing many first-time homebuyers from buying a house is the lack of money for the closing costs, moving expenses, plus the initial downpayment. However, this need not be the case. There are hundreds of programs across the nation. read more |
| The 80/20 Mortgage Is Still A Problem In 2006 millions of homeowners took out 80/20 mortgages. This mortgage offered homebuyers an opportunity to purchase a home without a down payment. The deal was really two mortgages. There was a first mortgage for 80 percent of the price of the house, followed by a second mortgage for 20 percent. read more |
| Freddie Mac Returned More Than $7 Billion To Taxpayers In 2012 The financial performance of Freddie Mac was fantastic in 2012. The GSE returned more than $7 billion to American taxpayers through dividends. The earnings from Freddie Mac is another indication that the housing market is in recovery. Comprehensive net income in 2012 was $11 billion compared to losses of $5.3 billion in 2011. read more |
| Is Your Bank Giving You A Fair Price After Wrongfully Taking Your House? Many homeowners never missed a mortgage payment, yet their banks evicted them, foreclosed on them and sold their homes. Now, we are discovering that there were blatant mistakes. The major banks have admitted their errors and have agreed to a multi-billion dollar settlement. |
| The Federal SAFE Act: Do Lenders Even Know What It Is? Last year there was a conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators. At this conference the topic of risk profiling of mortgage license holders was thoroughly discussed. Only 10 out of 281 companies that held mortgage licenses in more than 15 states had acceptable data integrity. read more |
| Considering A Short Sale? Some Important Things To Understand The decline in the housing market has created some attractive buying opportunities, and you thus have heard stories of people scooping up homes at below market values. Foreclosures tend to be quite attractive, especially Fannie Mae owned properties that you can buy with as little as 3% down. However, short sales are becoming more common as well. read more |
| Consumer Debt Counseling: Can It Help You Clear Up Your Credit History? Having a decent credit score is imperative if you want to buy a home, refinance an existing mortgage loan or make a major purchase. But if you have damaged your credit score and have racked up credit card debt that you are having trouble repaying, you may not be able to qualify for a debt consolidation loan, which would allow you to pay one monthly fee to one creditor instead of many. read more |
| Homebuying Guidelines For First Time Home Buyers Before plunging headlong into buying a property, you need to do a thorough self-introspection to make sure you have your priorities right. Decide what makes better sense for your current financial position, buying a property or renting a property. If the latter is the case, decide the location where you prefer to buy a property, amenities required, set budget and do some market research. Determine how much money you can afford and how much money you are likely to borrow. Calculate the EMI against your income and decide whether it sounds manageable or not. read more |
| House Prices Up, Existing-Home Sales Down In March: NAR There was a big jump in home prices in March. However, existing-home sales fell 0.6 percent, according to the National Association of Realtors (NAR). Sales fell to only 4.92 million units. Economists had expected an optimistic 5.03 million. read more |
| FHA Makes Owning Homes Possible For People With Bad Credit If you are among those individuals wanting to own a home but have bad credit, you will be delighted to know that it is now possible to achieve this. FHA home mortgages are now being given to people with blemished credit. The Federal Housing Administration is a government agency that insures the loan you are applying for from private lenders. read more |
| Wall Street Investors Continue To Finance Housing Recovery The housing market continues to heat up, fueled by hedge fund landlords. Last month Five Ten Capital closed a one hundred million dollar deal with Deutsche Bank. The deal will allow the California based asset manager to expand into Texas and Missouri. It will buy and manage single family rental homes. read more |