Tag Archive | loan

HUD to Sell 40,000 Distressed Loans in 2013

In an effort to address the country‚Äôs shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration.Throughout the summer ahead, HUD will sell approximately 20,000 distressed loans via the Distressed Asset Stabilization Program in an attempt to […]

Renting vs. Owning: How Do You Know Which Is Right for You?

At this time, when housing prices are starting to rebound and interest rates are still very low, a lot of people are saying that you should buy a house in 2013. But is homeownership the right choice for your finances? The answer, of course, is “it depends.” However, for many of us there is a […]

What to do After the Rejection of a Mortgage Application

Applying for a mortgage is both exciting and terrifying. It can be one of the most stressful processes and is likely the largest purchase a person makes in his entire life. The mortgage application process requires filling out volumes of paperwork and gathering personal documents. Borrowers will need to provide personal information as well as […]

5 Things Preventing You From Getting a Mortgage Refinance

Mortgage rates are beginning to creep up, but they’re still well within the kind of range that makes longtime homeowners shake their heads in disbelief. The average interest rate on a 30-year fixed-rate mortgage hit 3.63 percent for the week of March 10, marking the highest point since last summer. So while a seller’s market […]

Buyers, Get an Edge During The Busy Spring Season

The spring and summer months are traditionally the busiest times of year for the residential real estate market. Weather is more cooperative and many families like to move while the kids are on their summer break. But in recent years spring, for many regions, has meant more homes on the market, but also more buyers, […]