Wells Fargo and Bank of America Gains Profit as Mortgage Rates Drop
Monday, March 14th, 2011Two mortgage lenders giant, Bank of America and Wells Fargo, foresaw a very strong days on the NYSE as BofA was up 2.92% and Wells Fargo was up 2.96%.
New Online Help From Fannie Mae
Monday, March 14th, 2011SINCE foreclosures started to rise sharply in 2007, struggling borrowers have been offered a lot of help online. Some is well-meaning, but some is simply a scam in the form of expensive “debt relief” services that may be offered free elsewhere.
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?