A broad investigation is underway into the Wall Street mortgage-bond system that added to the financial crisis. The securities regulator of Massachusetts is looking into how banks misled buyers in multi-billion dollar deals. The first action stemming from the inquiry is a fine handed down to State Street corp. regarding the role it played as …
The National Association of Realtors is sponsoring the “Home Ownership Matters” bus tour to spread their message that mortgage deductions are vital to keeping the dream of owning a home alive for millions of Americans. The tour also gives prospective homeowners the chance to discuss financing and other issues. Congress has bandied about a number …
Home buyers in the high-end market are being spurred on by low interest rates to larges mortgages. However, it’s yet to be seen how durable these deals are. Loans larger than $400,000, also known as jumbo loans, are more popular now than they have been since the housing boom. A 30-year jumbo mortgage has an …
Should you get a fixed rate mortgage or an adjustable rate mortgage? Adjustable Rate Mortgage vs. Fixed Rate Mortgage Which one is better? That is a question that prospective home purchasers and people re-financing their homes have both pondered for generations. The main advantage of an adjustable rate mortgage is that most of the time …
Below are five different finance options for home purchases for those who do not want a traditional bank mortgage or do not qualify for a new home mortgage. • Lease to own home purchase agreements turn a renter into a home buyer. Rental payments are counted toward the balance of the mortgage. However, if the …