mortgage: Get Off That Fence! - 12/15/08 12:37 PM
Mortgage rates are at an all time low so the question many homeowners should be asking themselves is whether or not they should refinance? Last I checked, the conventional and FHA mortgage rates were a little over 5%. If you are currently paying 6% or more, you really should start crunching (0 comments)
mortgage: Florida is Underwater! - 11/03/08 03:58 PM
The state of Florida is officially underwater in foreclosures!!! Okay, we have known that Florida is one of the top five states with the highest foreclosure rate for a while. It just keeps getting worse. Of Florida's over four million mortgages, roughly 26% of those mortgages are in foreclosure. This statistic (0 comments)
mortgage: Homeowners Considering Default - 10/21/08 10:25 AM
Most homeowners who purchased their homes from 2000 to 2006 over-paid. I was a victim of over-paying for my home. I bought at the peak of the housing market boom in 2006 and now find that my home is now worth over $100,000 less than what I paid for it. I (2 comments)
mortgage: Most Important Thing You Can do Before Attempting to Buy a Home - 09/23/08 02:39 PM
In today's market, lenders are very careful with who they give money to for a new home purchase. You definitely cannot blame them. The most important thing a potential home buyer needs to do before even thinking about applying for a mortgage is to check their credit report. Credit reporting agencies (0 comments)
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