While the housing market slowly recovers, scam artists continue to prey on desperate homeowners. Don’t become a victim! Thousands of homeowners are duped each year through mortgage scams, according to senior counsel for the Fair [...]
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) recently, showing average fixed mortgage rates reach new highs for the year. Mortgage rates rose followed bond yields higher with the expectant release [...]
HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply. HARP Eligibility You may be eligible [...]
Paying down debt may reduce the rates you could pay on future loans and save you a lot in interest payments Making a long-term effort to pay down debt can eventually allow you to live [...]
HARP Program Extended Last week, the FHFA directed Freddie Mac and Fannie Mae to extend the HARP program for another two years. The program was set to expire for all mortgage applications received on or [...]
Ginnie Mae has been a cornerstone of the U.S. housing finance system since it was created more than 40 years ago. In 1968, Congress established the Government National Mortgage Association, also known as Ginnie Mae, [...]
If you are thinking about refinancing your mortgage, you might want to consider other mortgage programs. For example, you might want to look into a 15-year fixed rate mortgage. In this plan, your mortgage payments [...]
What are Conforming Loans? Conforming loans follow the terms and conditions set by Fannie Mae and Freddie Mac. Freddie Mac and Fannie Mae are government-sponsored enterprises (GSEs) that buy mortgages on the secondary market, pool [...]
Do you have a stellar credit score? According to the developers of the FICO® score, Fair Isaac Corporation, individuals with great credit seem to have "strikingly similar" credit habits regardless of background or life experience. [...]
Be on the look out for predators that seek to take advantage of you when you are trying to avoid foreclosure. This is a very scary and stressful time for most people, which can make [...]