Last week a move from the federal government caused interest rates to decrease to a very low rate. Mortgage companies noticed the increase in refinances from traditional home buyers who were taking advantage of low interest rates to save cash flow ever month.
One thing you have to consider when going to refinance a home is [...]
Posted in Debt Consolidation | Tagged After, Applications, back, down, mortgage, surge
Mortgage rates came down a little this week. We are still not back down to the levels we saw two weeks ago. 30 year rates fell from 5.25 to 5.16. This is a little higher than the 5.10 we saw two weeks ago and .2 points higher than the 4.96 we saw [...]
Posted in Debt Consolidation | Tagged down, mortgage, move, rates
100% mortgages have become very popular these days. The main benefit of 100% mortgages is that the borrower will not be required to put down a deposit. This can allow people with only a small amount of savings, such as first-time buyers, the opportunity to buy a property they want.
Essentially 100% of the value of [...]
Posted in Debt Consolidation | Tagged 100, a, down, Guide, mortgages, or, to, zero
When it comes to mortgage rates, many people are very confused about all of them. This is especially true when current mortgage rates are extremely hard to predict and getting a loan for your mortgage is very difficult. While mortgage rates and interest rates are very hard to keep track of, finding yourself [...]
Posted in Debt Consolidation | Tagged down, low, mortgage, on, rate, the, them
So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable?
The answer to these types of questions will vary from critic to critic, however; it seems that the [...]
Posted in Debt Consolidation | Tagged down, foreclosure, is, mortgage, my, on, only, option, upside
