Rates on 15 and 30 Year Fixed loans have been pretty stable the last month. In contrast mortgage rates on 5 and 1 year ARMs have been falling. 1 Year ARMs fell from 5.22 to 5.06 this week. This is the lowest 1 Year Arms have been since early March. Its a little weird considering [...]
Taking into consideration the latest turn over of the housing market there are many consumers that have been left without a home. This is not need to happen to all consumers because with a little assistance and subprime mortgage aid this situation could be avoided. Obviously, it is not easy to get rid of a [...]
Mortgage lenders use loss mitigation methods to reduce their potential losses and mortgage modification is one of the methods used.Contrary to what many people think, mortgage lenders do not want a borrower’s house. Instead, mortgage lenders want their mortgages paid. Unfortunately, bad things such as serious illness, loss of job, etc. happen and some people [...]
