Since the housing crash, millions of Americans have lost their homes. If you have trouble making your monthly mortgage payment, it is important to learn what you can do if you are facing foreclosure, to either minimize its’ financial impact, or hopefully avoid it altogether. Walking Away is Not an Option! People facing insurmountable financial [...]
Congress moved to raise the loan limit for mortgages backed by the Federal Housing Administration recently, despite some lawmakers’ fears of artificially propping up the market. The bill increased the ceiling on the loans to $729,750, up from $625,500 in October. The loan limit had been raised to this level before in an attempt to [...]
For first time Queens NY home buyer’s, the loan process can be extremely intimidating. When you’re buying a home for the first time, you will likely be bombarded with advice from family members, co-workers, and friends, much of which is either inaccurate or not applicable to your particular needs. Acquiring first-hand knowledge of the loans [...]
Faced with plunging property values and rising defaults, lenders are charging borrowers higher mortgage rates and adding fees. Not all of these added costs are set in stone, however. If you’re looking for a loan, vigilant shopping and a little haggling can go a long way toward landing a better deal. Here are some fees [...]
