Wikipedia defines mortgage as: "While a mortgage in itself is not a debt, it is the lender's security for a debt." However it is considered good debt for consumers. When handled correctly, it can be and usually is your livelihood.
Tips When You Can’t Make Mortage Payments
Mon Feb 16, 2009, 12:24 am | Leave Comment
In most people’s cases, housing is their biggest expense. If you are having trouble making mortgage payments, you have some potential options to think about for modifying your housing cost. As home prices continue to fall and more borrowers find themselves in need of a modification, correctly dotting the i’s and crossing the t’s has … Continue Reading »
Refinance Calculator
Tue Jan 6, 2009, 8:01 am | Leave Comment
Are you looking to crunch some numbers? We’ll help. Calculate your monthly mortgage payment. Read more…
30-year Mortgage Rate Falls For The Ninth Week
Sun Jan 4, 2009, 6:00 am | Leave Comment
Lower rates and falling house prices are making home mortgages more affordable to potential home buyers. For instance, house prices fell 18 percent over the 12-month period ending in October, 2008. As a result, financial news have it that the number of refinance applications for conventional mortgages jumped over 500% between the weeks ending on … Continue Reading »
UnderWater Mortgages Are Growing Threat To US Economy
Mon Oct 27, 2008, 12:27 pm | Leave Comment
In Tuesday, Oct 21 2008 edition of Reuters.com, there is an article about Under water mortgages are growing threat to U.S. by Tom Brown. “Under water mortgages” are those when you owe more in mortgage than your home is worth. Let’s say, your home was estimated to be worth $150,000 and you owe $200,000. So, … Continue Reading »
