Fannie Mae and Freddie Mac Close to Repayment
Fannie Mae posted record second quarter profits. Those profits resulted in a dividend being paid back to the US Treasury.
Simple Steps to Get Your House Ready to Sell This Summer
It is important that you get your house ready to sell so it will have the best chance it can on the market.
Locking in an Interest Rate on a Mortgage
Do you want to lock in your interest rate or do you want to let it float?
What You Should Know About Refinancing Your Mortgage
Following are a few things you can consider to help you determine if refinancing your mortgage is right for your situation.
Consumer Financial Protection Board Proposes Sweeping Reforms for Mortgage Disclosure
This week the Consumer Financial Protection Bureau (CFPB) issued new proposed guidelines for mortgage disclosure forms.
Using a Second Mortgage to Finance Home Improvements
In the event that the first mortgage is paid off before the second mortgage is paid off, the title simply switches.
CFPB Finds Most Consumers Don’t Understand Risks of Reverse Mortgages
According to the report by the CFPB the majority of consumers are aware of reverse mortgages but most do not understand what they are.
Choosing a 15-Year Mortgage Rather than a 30- Year Mortgage?
A 15-year mortgage has monthly payments that cost a little bit more than a 30-year mortgage.
When Is It Worth Paying Points in Exchange for a Lower Interest Rate on a Mortgage?
When paying points, most lenders will reduce the interest rate on a 30-year mortgage by one-quarter of one percent for each one-point paid.
Using Mortgage Preapproval to Increase Your Negotiating Power Over the Sales Price
A mortgage preapproval can give you the edge you need to be in the winning position.
Recognizing the Right Time to Use Mortgage Brokers
Mortgage brokers are designed to be a one stop shop for those looking for a mortgage.
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