Mortgage Loan Refinance Guru

Strategic Default: Foreclosure on Purpose
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The news, of course, is that the recession is over. But, even though there has been a technical end to the recession, it doesn’t mean that things are suddenly going to get better. Indeed, there are still foreclosures likely, and the unpleasant fact that many people still can’t afford their mortgage [...]

5 Scary Loans to Avoid
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Sometimes, it seems like we need something, and that a loan is the only way to get it. Before you decide to borrow, it is a good idea to think about whether you really need the money for something. [...]

Is the Recession Over?
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It looks like the recession is over — at least technically. With Quarter 3 GDP numbers being reported today, it looks like the U.S. economy has moved from a period of loss into one of expansion. Economic data today was generally good, reports MarketWatch:
Along with improvements in key monthly figures on output and [...]

Did You Already Miss the Housing Bottom?
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Many people have been trying to time the market, waiting to buy when the housing market hits bottom. However, there is an argument that the housing bottom has passed, and that the chance to buy at the bottom was earlier this year. With the Case-Shiller index showing that the housing [...]

Will the Housing Market Dip Again Next Year?
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The news that home prices rose in August is not keeping Goldman Sachs from predicting that there will be a 10% dip in the housing market next year. Indeed, the current rise in home prices is likely due to increased demand spurred by the first time home buyer tax credit — [...]

Is the Next Real Estate Collapse on the Way?
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There are concerns that things may not be improving as much as hoped for the housing market. Sure, home prices seem to be stabilizing and the first time home buyer tax credit resulted in the sale of hundreds of thousands of homes. But another real estate collapse may be on [...]

5 Things Home Buyers Need to Be Aware Of
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Right now, there are a lot of good deals to be had when it comes to buying a home. Home prices are low, and mortgage interest rates remain relatively low. And, it looks like Congress is getting serious about some sort of extension to the home buyer tax credit. It [...]

Appraisal Rule Changes Mean Lower Home Values
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A controversy is brewing over the recent rule changes to the way appraisers are paid, and how they do their jobs. In order to help beat back mortgage fraud, appraisers could no longer be paid by the mortgage lenders and brokers that were trying to get approvals for loans. While forcing independence on [...]

California Governor Arnold Schwarzenegger Takes Aim Predatory Lending
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California is ready to enact tough laws aimed at restricting predatory lending practices. While over-reaching consumers certainly deserve some of the blame for the foreclosure crisis, some of the things mortgage lenders and brokers did in order to close deals were not above board. Many took advantage of their positions of trust to [...]

Are Foreclosures Rising or Falling?
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There seems to be a bit of confusion with regard to what is happening with foreclosures. Indeed, it is commonplace to read about how foreclosures are both increasing and decreasing. Mainly because “foreclosure” is being used to report homes in various stages of foreclosure. Real Estate Pro Articles points this out about foreclosure [...]

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