Category: Mortgage Loans

Credit will tighten, but mortgage rates stay low

By ROSEMARY CALIGIURI
Staff Writer
Part 2 of 2

The newspaper asked five financial advisers to answer some of the most frequently asked questions about what’s happening in the markets. The advisers include: Jeff Broadhurst with Broadhurst Financial in Lansdale, Rosemary Caligiuri with …

Seek that green light; score yourself a loan

By Ellen James Martin
Smart Moves
Article Launched: 09/21/2008 12:00:00 AM PDT

By now, many economists had projected that the “credit crunch” would have eased. But prospective home …

6 Ways to Get a Mortgage More Easily

Despite homeowner relief and low interest rates, many homeowners are still struggling to get mortgages today. I ran into this issue myself–11 lenders later, I …

Where Are Lenders Getting Credit Scores?

date 06 Sep 2008 | category Mortgage Loans

Village Soup

By Jaret & Cohn Real Estate – Rockland
Martin Cates

U.S.A. (Sep 5): Consumers often mistakenly believe that mortgage lenders use only credit scores from Equifax, Experian, TransUnion, and Fair Isaac’s myfico.com to gauge creditworthiness.

However, Consumer Reports recently found …

Getting on track to buy a home

date 06 Sep 2008 | category Mortgage Loans

Los Angeles Times
Liz Pulliam Weston, Money Talk
September 7, 2008

Dear Liz: I’m 47, divorced, with two teenage daughters and a grandson living with me in Los Angeles. I make $40,000 a year.

With the current credit crisis, I’m wondering whether …

Mortgage problems for the self-employed

date 03 Sep 2008 | category Mortgage Loans

BusinessWeek

Posted by: John Tozzi on September 02

Alt-A mortgages were designed for people with good credit who had trouble documenting their income — people like the self-employed. Not as risky as subprime but not quite prime either, Alt-As made …

Home values’ fall can freeze credit lines

Arizona Republic

David Shapiro now knows what happens when HELOCs freeze over.

The Sun City retiree received a letter recently from JPMorgan Chase, notifying him that he and his wife wouldn’t be able to draw any more funds from their …

Tight Credit Adds To Woes

Hartford Courant

The first hint of good news about housing showed up last week.

But it was tentative.

Home prices are still declining, dropping a shocking 15.9 percent from a year earlier. But the pace of the decline slowed. In other …

Down-payment Assistance is not Dead

date 01 Sep 2008 | category Mortgage Loans

Active Rain Real Estate Network

foreclosure sign
Creative Commons License photo credit: …

The Chicken and the Egg

Townhall.com
by Roger Schlesinger

Beginning the story in chronological order, we have the chicken being played by the real estate industry and the egg by the mortgage lenders. The chicken is telling all who will …