Home loan applications fell throughout the nation last week, weighed down by a plunge in demand for mortgage refinancing as home loan rates reached seven-month highs, according to an industry survey.
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Imagine you’re a homeowner.
You discover that instead of the expensive subprime mortgage loan you signed on for, you actually qualified for a prime mortgage with much lower interest rates.
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Posted by Jed Moss on May 31 2007 under Bad Credit
Danielle Merriweather added up all the numbers and they didn’t look good: The Michigan mortgage was $1,162 a month. The winter gas bills ran $500 a month. There were four children to care for.
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Posted by Jed Moss on May 31 2007 under Michigan
Don’t fall into foreclosure.
Familiarize yourself with the key terms associated with adjustable-rate mortgages and you stand a much better chance to not being caught off guard when various situations arise.
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If you want to buy a home, you’ll probably need a mortgage.
Buying a home is not just financial, it’s emotional; paying for it requires a clear head. A few thoughts to get you started:
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The South Carolina housing market continued to buck national trends around Anderson, so it was no surprise to some lenders that they aren’t seeing the huge increases in foreclosures making headlines in national media.
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Watch out, Florida.
Low Texas mortgage costs and a high quality of life mean the Lone Star State has emerged as the nation’s No. 2 retirement mecca, vaulting over Arizona and California.
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Posted by Richard Barber on May 31 2007 under Texas
Nationally, the housing market is cooling off fast.
But that doesn’t mean mortgage loan activity has cooled off in all areas of the country. Case in point: The Pacific Northwest.
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Recent news about bad credit mortgages and foreclosure increases have caused many home buyers to question whether there will still be flexible loan opportunities for them if desired.
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The average price of a home sold in Frederick County in the first quarter of 2007 fell by $5,800 and spent more time on the market, but Maryland real estate agents remain optimistic about an upturn.
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Posted by Jed Moss on May 30 2007 under Maryland