Archive for the ‘Mortgage’ Category

Locking peace of mind

Buying a house is stressful enough; remove a source of unnecessary stress by locking a mortgage rate instead of floating.

A very good question, dodged

The question has to do with mortgage rates and where I think they'll go.

FHA: DPAs are DOA

FHA's Brian Montgomery, has made the rounds over the last month, trying to talk Congress into banning popular down payment assistance programs.

Pending sales: Time to rejoice?

Mortgage rates continue to rise. The culprit seems to be overall investor nervousness about the financial sector.

HELOC frozen? tell me

Every home equity line of credit, or HELOC, comes with a contract that says the bank can freeze the account if the home's value falls.

Eye-popping late payments

One in 11 mortgaged houses was at least 30 days late or in foreclosure at the end of March.

Seeking spurned borrowers

Fed Chairman Ben Bernanke did something unusual today when he talked about the foreign exchange value of the dollar.

Advice, good or bad

In today's real-estate market: Buyer and seller must not let emotion get in the way.

Call it a solar appliance

At Casa Lewis, we're feeling a little pinched financially. Our clothes dryer broke about three months ago and I wanted to replace it with something new and energy-efficient.

Stated-income ruling in

A bankruptcy judge has ruled that the debt on a stated-income mortgage can't be collected in bankruptcy -- even though the borrowers lied on the loan application.