A “perfect storm” of Florida mortgage delinquencies, higher energy prices and other financial troubles have caused personal bankruptcies to spike in Central Florida this year, the Orlando Sentinel reports.
Frighteningly, you can.
Companies are selling or renting access to improved credit by adding low-scoring borrowers as authorized users of credit cards belonging to those with stellar credit, reports a syndicated real estate columnist.
There is a language of money, complete with its own vocabulary. It’s in your interest to know as much of the terminology as you can, so don’t be too embarrassed to ask what something means when dealing with a mortgage broker or expert. Read the rest of this entry »
Title insurance, typically, is a mandatory and rather large cost for those seeking a home purchase loan or mortgage refinancing - often in the $1,000-$2,000 range. But is it priced too high for what you get?
Not if you want to build wealth, new research suggests.
When you take out a mortgage, it’s true: your credit report initially falls. What’s the reason for this drop? And how can you quickly reverse it?
Having mortgage troubles? You’re certainly not alone.
According to data compiled by Equifax, one of America’s biggest credit bureaus, mortgage delinquency rates hit an all-time high in the first quarter of 2007: 2.87 percent of all mortgage loans were in default - surpassing even the highest levels since the 2001 recession.
Eylonda and Tyrone Wynn of Dallas thought their prayers had been answered when two young women from Resolutions Foreclosure & Home Mortgages knocked on the door in December 2005.
“It was like ‘Yes, we can save our house. We can start over again,’” said Eylonda Wynn, a 37-year-old mother of three.
Thinking about applying for a mortgage for your dream home or condo? Here are a few tips from consumer experts if you’re considering buying a house this year…
A second mortgage may have allowed you to acquire the residence you wanted or to have extra cash for some project - but that was a few years ago.
Now, you’ve built up decent home equity and are wondering if it would be a good time to refinance your second mortgage. Here are some things you need to know in order to help you make that decision intelligently …