Posted on Tuesday, 28th April 2009 by Mortgage Helper
Of the 20 metro areas, 10 showed record rates of annual decline, and 15 reported declines in excess of 10 percent versus February 2008.
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Posted on Tuesday, 21st April 2009 by Mortgage Helper
Title insurance is distinctive in that it protects your ownership or title against losses incurred as a result of undetected or unknown title defects, for as long as you own your home.
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Posted on Monday, 20th April 2009 by Mortgage Helper
Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance is a type of guarantee that helps protect lenders against the costs of foreclosure. Mortgage Insurance is required with down payment less than 20% of the Purchase Price or equity. Mortgage insurance [...]
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Posted on Thursday, 16th April 2009 by Mortgage Helper
HELOC is a special type of credit line, secured by the equity in the borrower’s home. A HELOC is a loan with a maximum amount based on the available equity in the borrower’s home. HELOC is not to be confused with Home Equity Loan, in which the borrower receives the entire amount of the loan [...]
Posted in Credit, Equity, Information, Mortgage | Comments (2)
Posted on Wednesday, 15th April 2009 by Mortgage Helper
Landlords are giving a break to those in foreclosure
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Posted on Monday, 13th April 2009 by Mortgage Helper
If you’re planning to buy a home in the next 10 months, you may be eager to take advantage of the federal government’s latest effort to jump-start the nation’s moribund housing markets: a tax credit of up to $7,500 for certain home buyers. The credit may appear to be an attractive opportunity, but you should [...]
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Posted on Wednesday, 8th April 2009 by Mortgage Helper
Yesterday, mortgage backed securities the investment vehicle that determines mortgage rates, had a very strong dayMBS moved steadily higher throughout the day and made higher highs and higher lows. As MBS improved in price, consumer borrowing costs steadily decreased. The days action can be best summarized with a Yesterday’s strong session has allowed lenders to [...]
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Posted on Friday, 3rd April 2009 by Mortgage Helper
Bad credit is no laughing matter but it is also not something to despair
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