Three decades ago, Michael and Marlene Tallant would have loved to have mortgage interest rates that are available now — below 5 percent. Instead, when they purchased their first home in Dormont for $70,000, they had to work with a rate of about 16 percent. “We had a figure that we could afford, and since …
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4 Signals It Might be Time to Buy (vs. Rent) Your Home
To rent or to buy: what used to be a given – that you would buy a home as soon as you could afford to – has become an agonizing conundrum for many a would-be homebuyer, in the face of the housing market’s big bust and super-slow recovery. Low prices seem to create a wide-open …
Ten Mistakes You Can’t Afford To Make
Save time and money by following these rules Buying a home is complex enough but when it comes to financing, you need to make sure you are as prepared as possible in order to get a loan. There are a number of mistakes you can make along the way of getting your loan approved. Here …
7 Tips for Short Sale Success – Information Plus Short Video
Have to sell your home for less than it’s worth? Our seven tips will help you get the best price. There are five important steps to consider if you are faced with a short sale. When you owe more on your home than it’s worth, but you have to sell, you need to squeeze every …
According to the Wall Street Journal “The Great Mortgage Race Is On”
If you have been sitting on the fence trying to decide whether to buy a new house or refinance a mortgage, you should act soon. New loans are starting to get costlier. The mortgage market is facing pressures from new laws and regulations, still-declining home prices and the ongoing need for government-owned mortgage players to …
FHA to increase mortgage insurance premiums a quarter of a point in 60 days
The Federal Housing Administration is increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed by the agency. The hike is in response to a congressional mandate that gave the FHA permission to increase premiums and keep its insurance fund liquid. The higher premiums also were outlined …
Court rules mortgage registrar cannot transfer mortgages
REUTERS: Mon Feb 14, 2011 7:11pm EST * MERS not agent of banks in foreclosures, court rules * Rulings against MERS could add to foreclosures * MERS says ruling misinterpreted law NEW YORK, Feb 14 (Reuters) – A company that tracks roughly half of all U.S. home loans has no right to transfer mortgages, a …
