Specialty Mortgages: Risks and Rewards
Saturday, March 12th, 2011In high-priced housing markets, it can be difficult to afford a home. That’s why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustable-rate mortgages and instead opting for a specialty mortgage that lets them “stretch” their income so they can qualify for a larger loan. But before you choose one [...]
Interest Only Mortgage Loan: Cheaper than Renting… 5 years or less.?
Saturday, March 12th, 2011What advantages/disadvantages are there to taking out an interest only mortgage, if: I plan on living in the house for only a couple of years, I do not make any payments on the principle, and I sell the house/mortgage after a couple of years?
Homeowners Face the Reality of Negative Mortgages
Saturday, March 12th, 2011The idea of being upside down on a vehicle is not that new. This commonly occurs when a consumer makes the decision to purchase a new vehicle before they have paid off their existing vehicle. As a result, the balance of the loan on the existing vehicle is added to the note for the new [...]
Can A Mortgage Company To Foreclose On Me Again If I Am Under Chapter 13 Bankruptcy?
Saturday, March 12th, 2011Filing for Chapter 13 bankruptcy can be very tempting for a home that is facing foreclosure. Bankruptcy lawyers are often bombarded with advertisements homeowners can say that filing for bankruptcy to save their homes.
Reverse Mortgages Slammed by Consumer Reports
Friday, March 11th, 2011If you’re 62 or older and in the market for a reverse mortgage, take notice.
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