Mortgage Loan Refinance Guru

Will 1,000 Banks Fail in the Next Two Years?
There is a good chance that we will see more bank failures in the next two years, say some experts in the financial field. This is because smaller banks and private banks are starting to see some troubles from the current economic climate. CNBC reports on the possibility of more more failed banks:
Failed banks tend [...]

20 Real Estate Markets Where It Doesn?t Make Sense to Rent
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The recent housing market problems have led to a situation where home values have fallen far enough in some areas that it just doesn’t make sense to rent. While it still costs a little less to rent in some places, the difference is small enough that you might as well buy and capitalize [...]

Utah Home Values Plummet
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Just a couple of years ago, Utah was among the highest ranking real estate markets when it came to home appreciation. I know. I live in Utah. My cousin’s condo appreciated $20,000 in one year. Of course, all of that came crashing down just prior to the recession. AllBusiness.com reports on Utah’s fall [...]

Government Home Mortgage Programs Could End Sooner Than You Think
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Always, it’s in the back of your mind that you should do something. Right now, as it relates to home mortgage programs introduced by the government, we are reaching the point of “sooner rather than later”. One of the programs that could be ending rather soon is the first time [...]

Shopping for the Best Home Mortgage Loan for You
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If you are thinking about buying a home, now is probably the time to do it. Recent numbers show that both existing home sales and new home sales have increased in recent months, and that means that the housing market may begin its recovery soon. Indeed, even home prices saw an [...]

Getting the Mortgage Interest Deduction: Itemize Your Deductions
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If you plan to take the mortgage interest deduction, you have to realize that you cannot take the standard deduction. The standard deduction is used for those who do not wish to go through the bother of toting up their deductions. Right now, the standard deduction for married filing jointly is $11,400. This [...]

Existing Home Sales Surge in July
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The housing data that many have been looking forward today arrive, bringing optimism about the housing market. Indeed, today’s existing home sales data showed a rather significant surge. Apparently, already lived in homes are in high demand. CNN Money reports on the housing market:
“The housing market has decisively turned for the better,” said [...]

Mortgage Rates Down, Mortgage Applications Up
This week has seen another change in mortgage interest rates and in the number of mortgage applications seen. Mortgage rates have fallen to 5.12%, reports Freddie Mac. This is on a 30-year fixed loan. The 15-year rate is 4.56%. In addition to falling mortgage rates, there has also been an increase in mortgage loan applications, [...]

Considering Home Ownership
Even though building starts fell in July, builders are starting to feel optimistic about the housing market. Indeed, much of the optimism is coming from first-time homebuyers rushing to take advantage of the $8,000 tax credit for buying a home this year. And, that $8,000 can be used right now in order to help make [...]

More Foreclosures May Be Coming
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With the news that close to half of home mortgage loans may be underwater by 2011, there is speculation that more foreclosures may be coming. Indeed, there are concerns that foreclosures might be on the way as the incidence of negative equity increases. While negative equity does not always mean foreclosure, [...]

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