Not everyone is looking to buy a home in today’s market, but the interest in refinancing a mortgage has peaked. One of the most important aspects to staying out of mortgage debt and keeping a  manageable payment is the interest rate. Although rates are historically low, not everyone qualifies or will find obtaining a good  … Read more

After all of the trouble with mortgage debt and foreclosure, many potential home buyers are skeptical about the process these days. Although the market isn’t what it once was, there are still some good aspects of the mortgage industry today. Understanding the truth behind a few of the current mortgage myths can help a potential  … Read more

Second  mortgages have become more popular among homeowners in recent years. There are numerous reasons why people take out a second  mortgage on their home including  needing money to renovate or update the home, or send a kid to college. Unfortunately, there are some situations in which people take out second mortgages to stave off  … Read more

With all of the foreclosure and mortgage debt troubles our nation has faced over the last few years, it is a surprise that anyone is considering a new mortgage these days. Taken as a promising sign for industry recovery, new mortgages are essential for the re-growth of a struggling market. However, buyers shouldn’t act too  … Read more

With all eyes on the mortgage industry there are some signs indicating a recovery could be on the way. Although no one expects the recovery to be groundbreaking, any improvement is welcomed over foreclosure these days. Even more interesting is the fact that despite the small inches of recovery in the market, mortgage rates are  … Read more

Most people are aware that an unsolicited foreclosure notification is serious business, but what about an unsolicited letter offering mortgage relief? One of the most notable signs of a mortgage scam is unsolicited contact from a mortgage service company or third party agency. While homeowners have been cautioned against following through with services offer without  … Read more

The federal programs designed to help homeowners struggling with  mortgage debt have received much criticism over their less than fruitful effect. However, a new report shows that the problem may be that consumers simply don’t know about the existence or availability of such programs to begin with. Frightening Facts One-fifth of all mortgages are underwater  … Read more

Many homeowners were relieved to hear about the $25 billion mortgage settlement deal that was reached just a few short weeks ago. As many states prepared to accept the offer, homeowners have been waiting for their share of the payout. However, news broke last week that not all states would be getting their funds and  … Read more

In addition to the government and several state organizations, an independent alliance has been formed to offer help to struggling homeowners. HOPE NOW is an alliance between mortgage companies, investors and financial counselors whose aim is to reach distressed homeowners and help them find a solution to their mortgage debts. Keeping Hope Alive HOPE NOW  … Read more

Research has shown that consumer confidence plays a significant role in the overall health of the economy, and the same is true for the mortgage lending industry. While most people will quickly report that they have  lost a lot of faith in the mortgage lenders and the ability to successfully maintain home ownership, new studies  … Read more