Analysts say that the huge number of home loans offered in previous years with no down or low down payments are to be blamed for the foreclosure crisis, as these loans attracted…
Category: Buyer / Seller Tips
A Surprising Discovery about Home Insurance Policyholders
Almost one-third of American homeowners don’t know the amount of their home insurance coverage and an additional 46 percent don’t know the amount of coverage for their possessions. These are the main…
Know Your Rights as Property Taxpayer in Florida
You may have received already your property tax assessment due March 31 next year, and you’re asking why it’s still high despite the significant drops in property values. If you feel that…
Real Estate Sector: Good Things Amid the Bad
Optimists try to find rays of hope in bleak situations and refuse to be discouraged by negative developments. In the real estate sector, optimistic agents and brokers remain confident about their abilities…
Top Mortgage Lenders in Customer Satisfaction
If you’re planning to get a loan to buy a home, consider choosing from the mortgage lenders and servicers chosen by 4,516 homeowners interviewed by J.D. Power in its primary mortgage service…
Existing Condo Sales in Florida Surged in July
Sales of pre-owned condos in Florida increased by 11 percent in July to a total of 5,557 units, compared to the 4,991 condos sold in July last year, based on data from…
Free Foreclosure Help from New Websites of Fannie Mae and Hope Now
Here are better websites for you if you’re looking for foreclosure help. These sites are different from others as they offer a lot of options and they’re not run by private financial…
Know Your Rights as a Mortgage Applicant
You can’t be discriminated against when you apply for a mortgage. Your lender can’t ask your religion or can’t ask if you’re pregnant. Your mortgage application should be approved or rejected based…
Cheaper Home Loans from Smaller Banks and Credit Unions
Home loans are now cheaper, as mortgage rates continue to fall. According to Freddie Mac, the 4.44-percent average rate for fixed-rate 30-year mortgages on August 12 was the lowest rate recorded by…
Delinquency Rate for Home Loans Slows Down
The drop in the national default rate for home loans in the second quarter is one sign that the housing sector is starting to stabilize. According to credit bureau TransUnion, which analyzes…