Loan Modification

Low Mortgage Rates, Catch Them While You Can

Low interest rates have been gracing the real estate market with their presence for the past year but the word on the street is that they won’t be here much longer.  While mortgage rates aren’t going to skyrocket out of sight, it is doubtful that they will decrease and certain that they will steadily begin … Continue reading Low Mortgage Rates, Catch Them While You Can

Also posted in bank foreclosures, Finances, Financing Options, First Time Home Buyer Tax Credit, first time home buyers, Foreclosure, Local Real Estate News, Maryland, Maryland Homes for Sale, Maryland Real Estate Training, Mortgage Info, real estate, real estate information, real estate news, Real Estate Report | Tagged | Comments closed

Everything You Need To Know About Reverse Mortgages

Reverse Mortgages are available to anyone who is over 62 years of age, owns their home and uses it as their primary residence. It is a very good option if you need cash and want to stay in your home for as long as possible.
 In a nutshell, Reverse Mortgages work by allowing borrowers to swap the equity [...]

Also posted in Consumer News, Reverse Mortgage | Tagged | Comments closed

Be Aware That Freddie Mac Has Introduced New Fees And Has Increased Others

Since home prices have continued to fall, Freddie Mac has determined that they are at a heightened risk of many more mortgage defaults and claims.  They report that there may be even more of a housing price decrease in 2009. In light of this news they have increased several fees and added new ones. One of their new fees is a 0.75% fee [...]

Also posted in Consumer News, Financing Options, Freddie Mac, Local Real Estate News, re-finance | Tagged , , | Comments closed

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