Can You Stop Home Foreclosure?
Apr 20, 2008 in Mortgage
Can You Stop Home Foreclosure?
It has been all over the news lately that bad mortgage practices for the past few years are now leading to foreclosures at an alarming rate. As gas prices go up so does the cost of living and people are finding it more and more difficult to keep up on their mortgage payments and still keep the heat on and food on the table.
Is shared ownership a viable option for those that cannot get full mortgage loans?
Many first time buyers are now looking at shared ownership properties, which are offered by housing associations in the UK. Basically, a shared ownership property is where you take out a mortgage loan for a certain percentage of the property and pay rent on the remainder.
Pulling Back The Curtain On Reverse Mortgages
Last week’s article on reverse mortgages generated a very interesting response from one reader. This week I’d like to pull back the curtain on the real reason reverse mortgages have become so heavily marketed and what you need to do as a consumer to protect yourself.
Low Mortgage Rate Refinance Or Best Fixed Rate Mortgage?
When looking to refinance your existing mortgage, a low mortgage rate refinance is the ideal one.