Shirley Breitmaier’s mortgage payment started out at $98 when she refinanced her three-bedroom home in Galt, Calif., in 2007. The 73-year-old widow may see it jump to $3,500 a month in two years. Breitmaier took out a payment-option adjustable rate mortgage, a loan popular during the housing boom for its initially low minimum payments. According [...]
Ben Tracy reports on whom Obama’s housing plan will risk the mortgage lending system. 20% of U.S. homeowners with mortgage loans are “underwater,” meaning they owe more money to their mortgage lender than their property is worth. Borrowers who have mortgage loans above the conforming and FHA loan limits are not eligible for the federal [...]
December 21, 2011
by: Franklin Rhodes • First Time Home Buyers
November 8, 2011
by: Franklin Rhodes • Home Affordable Refinance, Mortgage Relief News
June 13, 2011
by: Michael Winston • VA Home Loans
March 14, 2011
by: Franklin Rhodes • Home Loan Articles, USDA
January 17, 2011
by: Franklin Rhodes • Home Refinancing Tips
August 9, 2010
by: Franklin Rhodes • Home Refinancing Tips, Published Articles
July 14, 2010
by: Franklin Rhodes • Home Loan Rate Update, Home Mortgage News, Home Refinancing Tips, Mortgage Lending Advice, Published Articles
June 15, 2010
by: Franklin Rhodes • Current Mortgage Rates, Home Loan News, Home Mortgage News, Home Refinancing Tips
January 14, 2011
by: Franklin Rhodes • Current Mortgage Rates, Home Loan News
October 20, 2010
by: Franklin Rhodes • Home Loan News
September 2, 2010
by: Franklin Rhodes • Home Loan News, Published Articles
August 17, 2010
by: Franklin Rhodes • Bad Credit Mortgages, Home Loan News