In order to qualify for the standard mortgage, you must have a credit score around or above 700. If it is below that, you are considered a subprime borrower, and not attractive to banks. Subprime mortgage lending was a...
Maybe you have seen that young couple pulling up in the driveway with a moving van after having purchased the house that has been for sale next door. It may be the couple that has finally decided to stop renting and take a...
As the number of foreclosures remains relatively high, many homeowners are seeking help through various sources of mortgage relief. In the past, if a homeowner could not maintain their mortgage payment, the house would be...
Many homeowners have attempted to “go green” only to realize the additional costs involved with the process. The energy efficient appliances tend to cost more than the older, less energy efficient models, providing little...
Which is better? It depends. Generally speaking, a 15 year fixed has a lower rate than the 30 year fixed. The drawback of course is that the borrower has half the time to pay it off and the payments are higher. If you...
