Monthly Archives: March 2016
Fannie Mae and Freddie Mac report they will forgive principal for some homeowners. Will you be eligible?
Tens of thousands of homeowners may soon have their mortgage balances cut and even payments reworked according to a report by the Wall Street Journal and other sources. The aid comes under a plan that has recently been approved by Federal Housing Finance Agency, the regulator and overseer of mortgage-finance entities Fannie Mae and Freddie […]
Americans overpay $20 billion annually on their mortgages by not refinancing
When was the last time you refinanced your home loan? If you’re like many U.S. homeowners, the fact remains that you very well could be over-paying on your mortgage every month by a serious amount based on what loans are available at current interest rates. In fact, the according to a new study by the […]
25 Facts about home ownership in the U.S. that show why mortgage education is vital
We’re nearly half a decade removed from the dark days of the real estate crash, mortgage meltdown, and Great Recession in the U.S., and yet we still have a shadow that’s cast over the national housing landscape. In fact, home ownership is at an alarmingly low level, despite low interest rates, strong job numbers, and […]
7 Tips for getting a jumbo mortgage loan.
There are certain things that are quintessentially American: big cars, big buildings, big movie stars, bigger hamburgers, and…big mortgage loans? In fact, jumbo loans – or any loan above conventional loan limits as set by government-sponsored Fannie Mae and Freddie Mac – are back in a big way. Despite having gone through some volatility during […]
What your Realtor CAN’T tell you
Let’s say you’re in the market to buy a house, so you and your husband or wife are sitting comfortably in your favorite Realtor’s car, driving around on a pleasant Saturday morning looking at prospective homes for sale. You turn down a pleasant tree-lined street and pass friendly, waving neighbors, and your mind naturally turns […]