When you get a mortgage for your home purchase, if it’s a fixed-rate mortgage, the only amount that is likely to change over the life of your loan is your escrow payment – the amount set aside for taxes and insurance. Industry experts warn that homeowners should look carefully at their own escrow statements, as [...]
Even if you’re not thinking about applying for a loan or credit card in the near future, it’s always a good idea to look at your credit report and scores. You should check your personal credit report and score at least twice a year to make sure that all of your personal information is accurate. [...]
All those “record-low” mortgage rates have you watering at the mouth to buy a home or refinance your current one? Mortgage lenders adjust their rates based on perceptions of risk, so unless you can show you’re a low-risk borrower, you are unlikely to qualify for a rate that matches those seen in all the advertisements [...]
Mortgage rates below 5-percent have people scrambling to refinance. They have also helped breathe new life into the troubled real estate market. But a new rule has many people shocked to discover their financing is near collapse just days before closing. That’s what happened to Pam and Ted Ten Eyck of Mansfield. They planned to [...]
Most economists agree the housing crisis remains the biggest obstacle to economic recovery in the US. But there’s no consensus on how best to fix it and the rate of foreclosed properties has hit a record high. Comments or questions about this video? We’d love to hear from you. Just click the comment link below [...]
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