Tag Archives: homeowners
Double benefit of refinancing
With mortgage rates dropping, homeowners are quick to realize the double benefit of refinancing now. Not only do they get a low rate that reduces their monthly payments, they are also locking in a shorter duration to be free of debt sooner and build u… Continue reading
Less refinancing, more profit
Banks are making money from fewer mortgages, but next year looks quite different. Continue reading
Homeownership dream not dead yet
Despite the battering of the housing market, young adults still intend to own a home. Continue reading
Mortgage delinquencies drop
Banks are initiating with fewer foreclosures, but still struggling with a backlog. Continue reading
Who gets Fannie Mae’s profit?
Fannie Mae and Freddie Mac are finally turning a profit. So will homeowners benefit?
Forced mortgage reductions?
There may be a legal obligation for Fannie and Freddie to write down mortgage principal. Continue reading
Too young for reverse mortgage?
Reverse mortgages, available to homeowners age 62 and older, are more appealing to younger borrowers than they were a decade ago, according to a study by MetLife Mature Market Institute.
This type of mortgage allows homeowners to borrow against their h… Continue reading
Luxury home prices still falling
At the beginning of the housing crash, it seemed as though luxury homes might be spared the worst of it. But the latest Standard & Poor’s/Case-Shiller Home Price Indices show that in many metro areas, prices are stabilizing among cheaper homes but … Continue reading
Turn your home into a billboard
From the strange-but-true files: Struggling homeowners can find mortgage relief by allowing their home to be turned into a giant billboard. Apparently, 38,000 people are desperate or creative enough to submit their homes as potential advertisements to … Continue reading
Banks offer refinance incentives
If you’re still waiting to refinance, now may the time to snag the best deals. Not only are mortgage rates at near-30-year lows, but applications for refinances are down, prompting some banks to seek ways to encourage homeowners to get off the fence.
T… Continue reading