On March 4, 2009, President Barack Obama announced a $75 billion mortgage rescue plan providing affordable mortgage terms for countless American at-risk homeowners.

Filed under: Home Equity, Home Mortgages, Mortgage Industry, Real Estate, Refinance | No Comments »

As of February 6, 2009 Fannie Mae expanded the financing options for borrowers of investment in rental property and second home borrowers to finance up to ten properties if specific eligibility requirements and financial prerequisites are met.  Thus, Fannie Mae has realized the importance that investment in rental property has on our economy.  Previous investment [...]

Filed under: Home Mortgages | 1 Comment »

What you should know about Home Closing Costs
In the past year, Americans spent about $110 billion on purchasing homes.  Americans tend to pay astronomical amounts in closing cost.  There are many fees that you are required to pay in the closing of your home loan, and then there are fees thatt are just plain made-up.  [...]

Filed under: Closing Costs, Home Mortgages | No Comments »

Depending on the type of home loan you are seeking, you could save yourself thousands of dollars by shopping various lenders for your home mortgage needs.  Therefore it is imperative that you know the difference between a mortgage broker and a bank lender.  The main differences among the two are that mortgage broker’s act as [...]

Filed under: Closing Costs, Home Equity, Home Mortgages | No Comments »