Mortgage crisis! What mortgage crisis?
Well, if you bought your home in the last 5 to 10 years, or did a major refinance during that period, and you are looking to sell now, you likely understand that we have gone through a mortgage crisis.
However, if you own your home free and clear, the mortgage crisis is [...]
Just found a great article on US News & World Reports comparing what you get for a median priced house in different cities around the country. The article, as with all of their articles, is very well written and researched.
One very interesting fact from their article is that national median price of an existing home [...]
While the popular network news stations would like you to think that the recovery is upon us, and therefore the foreclosures and bankruptcies were going to end… the fact is that foreclosures are still likely to be with us in record proportions for the next few years. Check out this article on reuters. [...]
If you’re thinking about refinancing your current mortgage, you must consider an online mortgage refinance. Various mortgage lenders are presently offering this as a simple option to homeowners who wish to refinance. Receiving quotes from various lenders does not take much time and is convenient. The following tips would help you refinance your mortgage [...]
Do you have $10 million to spend on a house?
In New York, it will not get you this townhouse on East 71st Street. It’s offered for just under $17 million.
In Austin, that same $17 million would buy you just over 92 median priced houses. According to the Austin Chamber website, the median house cost in [...]
Many people find themselves struggling to pay their monthly mortgage. It is also quite possible that many of these same people have not been able to take advantage of lower interest rates due to drops in their home values. It would seem that the exact crisis that is making it so hard to make monthly [...]
Not to add to the bad news about mortgages, but I found an interesting graphic that shows mortgages by State in the United States. The real interesting part of this is that they added a graphic by state of bankruptcies as well for the first half of 2009.
Check it out here.
We all know that the recession has been going on for a while now. And, I think the large majority of people realize that a significant downstream impact of the recession has been a rise in foreclosures. Of course, the impact has tended to be concentrated in several problem states, with the most prominent [...]
We have strived to put as much mortgage information as possible in this guide.
Whether you are a first time homebuyer, investing for the first time, or just have some questions, this guide should provide information which will help you choose the right mortgage program for your particular needs. We hope that the information in this [...]