With the controversy and lawsuits addressing major banks’ mishandling of foreclosure paperwork, foreclosures are taking record amounts of time to get through the system.
The U.S. government is planning to sue some of the country's largest banks over mortgage-backed securities they sold that lost value in the housing market collapse.
The limit for federally backed mortgage loans drops at the end of September, so here are some ways to close quickly and beat the deadline.
For many borrowers, the 15-year mortgage is appealing at first glance but not after a closer look. Now though, these deals are more attractive than ever, thanks to their unusually low rates compared to the more popular 30-year loans.
Interest rates on credit cards and mortgages seem to move in mysterious ways.
With interest rates so low, any retirees looking for a new place to live may find a better deal with a mortgage loan than by paying cash.
Economists expected interest rates to rise as a result of the financial turmoil stemming from the U.S.'s credit downgrade, but mortgage rates continue to fall.
Friday's credit downgrade means a new outlook for interest rates, complicating the decision on whether to hold onto an ARM or refinance to a fixed-rate loan to lock in a low interest rate.
Prepayment penalties on your mortgage mean you will pay a penalty if you pay your mortgage off early. Prepayment penalties aren’t always bad – be sure you understand them fully.
Keep your seller-financed mortgage dream from turning into a nightmare by taking the following considerations into account.