A bank-owned REO home is one the bank had to take possession of due to mortgage default and that they couldn’t sell at auction. The bank now owns it and wants nothing more than to sell it. This could put you in a good position as a buyer. It also puts you in a risky position if you are not careful, Read more
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Mortgage Rates, Guidelines and Lender Information
FHA Loans Articles
What are the DTI (Debt-to-Income) Rules for FHA Loans?
You think you can afford a mortgage, right? You head into the lender and fill out an application. A few hours later you learn that you cannot afford
Important Articles
The Secret to Getting a Home Improvement Loan With Bad Credit
If you have bad credit, your options for a home improvement loan are rather limited. That doesn’t mean that they are impossible to get, though. While
Who Handles the Mortgage if a Borrower Dies?
When you take out a mortgage, you have to plan for the future. This includes the unexpected. While no one likes to think about their own death, it’s
Buying a Home Articles
How to Purchase a Bank-Owned REO Home
A bank-owned REO home is one the bank had to take possession of due to mortgage default and that they couldn’t sell at auction. The bank now owns it Read more
Home Refinance Articles
Are Interest Rates Higher for a Cash Out Refinance?
There’s one thing most borrowers worry about when getting a new mortgage – the interest rate. So it’s no wonder people worry about the interest rate Read more
Mortgage Refinance Articles
Factors You Need To Look Into If You Plan To Refinance Your Mortgage
Refinancing home mortgages have been gaining popularity among homeowners. While mortgage rates continue to rise, it's not surprising to get tempted to Read more
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