Mortgages Archives

NEW YORK (MainStreet) – Because mortgage rates are already such a bargain, fewer borrowers are taking the next step of paying “points” to reduce rates even more. But are they cheating themselves out of the proven benefits of paying points? Read more»

NEW YORK (MainStreet) -- Economic troubles in Europe, conflict with Iran and an uncertain presidential campaign season in the U.S. make the stock and bond markets look rather hazardous these days, so why not make a simple, guaranteed investment that can earn tens of thousands of dollars over the years, perhaps more? How do you do it? Simple. Just pay off your mortgage. Read more»

NEW YORK (MainStreet) -- Sending the keys to the lender and walking away from a mortgage may look like the way to get your troubles behind you, especially today when it seems unlikely home prices will recover anytime soon. But it’s a little more complicated than that. Read more»

NEW YORK (MainStreet) – A new report from Freddie Mac says that 95% of all mortgage refinances are for fixed-rate mortgages – although adjustable-rate mortgages may offer a better deal in short term. Read more»

NEW YORK (MainStreet) – A report looking at the best state-by-state credit scores in the U.S. Read more»

NEW YORK (sbup) – American homeowners are increasingly opting for a type of mortgage that until recently was more or less unknown: the “oddball” loan with a term like 12, 17 or 24 years, instead of the standard 15, 20 or 30, customized to fit a person's individual housing situation. Read more»

NEW YORK (MainStreet) – Are low-income Americans still too risky for Wall Street?You bet your Bottega Veneta woven leather briefcase they are. Read more»

NEW YORK (MainStreet) – If you’re a homeowner, the White House wants to chop $3,000 off your monthly mortgage payments – even if you’re current on them. Read more»

NEW YORK (MainStreet) – Forbearance doesn’t have to be a dirty word for the unemployed homeowner. In fact, it may be a lifesaver, and Freddie Mac is out to prove why. Read more»