“For the first time since January 2017, the default rates for autos, bank cards and mortgages all rose together,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jow Indices, which together with Experian released their consumer credit default report for Read more
Archives for November 2017
Refinancing Demand is High. Is This the Perfect Time to Refinance?
Homeowners commonly choose to refinance for a variety of good reasons. Mostly, it is to score better mortgage terms--whether it is to lower your interest rate, shorten your term, remove mortgage insurance or any other personal benefit. According to recent news, refinances have been in high demand Read more
Assemble a Team to Help You When Buying a Fixer-Upper House
Houses that are move-in ready are a lot more convenient thinking that you don’t have to worry about anything else other than moving in. However, these properties can be very expensive.What makes fixer-upper houses very appealing is the attractive price tag. With some repairs and renovations, Read more
Searching for Down Payment Money Outside Your Own Pocket
We know how exciting it is to get the first set of keys to your very own house. But before you get there, you must get past one struggle that is common to most people who want to become homeowners — the down payment.The mortgage down payment is an essential element in homeownership. It affects Read more
Hurricane Season, Payment Timing Spur Surge in Mortgage Delinquency
There was an overall increase in mortgage delinquency among all types of loans during the third quarter of 2017. This is according to the Mortgage Bankers Association whose National Delinquency Survey for 3Q17 is up.The previous hurricanes that hit certain states and payment timing issues for Read more
