mortgage: 2008 Refinance Boom May Be Looming - 02/01/08 11:56 PM
With the slowing economy, talks of recession, the tick up in unemployment, and the volatile stock market, the 30 year fixed rate mortgage has slowly continued to drop. A couple of weeks ago, the Feds finally took steps to combat the signs of recession by cutting the Fed rate by a (9 comments)
mortgage: MyCommunity Mortgage: A Subprime Alternative - 04/11/07 02:40 PM
MyCommunity Mortgages: which are sponsored by Fannie Mae and is designed to assist low and moderate income families, public service employees, and disabled people to realize their dream of owning an affordable home. This program allows for 100% financing and little to no money required into the transaction for those who (23 comments)
mortgage: How to afford a Home with little money - 03/19/07 10:58 AM
I run across many first-time homebuyers that have trouble coming up with money for closing costs or downpayment. This seems to be a hurdle on the road to homeownership for many people. But with decent credit (600 or above) you can qualify for many community programs that allow 100% financing at (3 comments)
mortgage: The "Make Sense" Interest-Only Mortgage - 03/19/07 09:55 AM
With all of the fallout of the subprime market and the bad press on ARMs, Option Arms, and Interest-Only loans, it seems like the only good option nowadays is the traditional 30-yr fixed principal and interest mortgage. Rates are still at relatively low levels hovering around the 6% mark. It is (1 comments)
mortgage: State of the Mortgage Broker - 03/09/07 07:07 PM
I am new to Active Rain and love it already. I have read a few blogs and have noticed some talk about how Mortgage Brokers seem to be working harder for a lot less work (.... as is everyone else in the real estate industry). Does anyone think that more regulations (2 comments)