Should You Be Worried About Skipping Multiple Mortgage Payments? Yes, and Here’s Why

If you are skipping multiple mortgage payments, you should be concerned about your financial situation. There are several important reasons why you may want to take action to improve your situation or to work out a payment arrangement with your mortgage company.

The Pros and Cons of Putting in More Than 20 Percent as a Down Payment on Your New Home

One of the most common questions home buyers ask today relates to how much money they need to put down on a home. There are several points to consider to determine if making a larger down payment is right for your financial situation.

What’s Ahead For Mortgage Rates This Week – April 20, 2015

Last week’s economic reports included the NAHB Wells Fargo Housing Market Index, Housing Starts, and Freddie Mac’s weekly survey of mortgage rates. Other news included the weekly jobless claims report and consumer sentiment for April.

You Ask, We Answer: How Often Should I Refinance the Mortgage on My House?

Refinancing a home mortgage can provide you with an incredible range of benefits. These include everything from reducing your mortgage term and lowering your payments to helping you more effectively build equity or pulling equity out to use for beneficial purposes.

Suffering from Credit Problems? Understanding Mortgage Lenders and How They Assess Your Credit

One of the most significant factors a mortgage lender will review when you apply for a new mortgage loan is your credit history and rating. While some people have stellar credit, others have a troubled credit history with lower scores. If you fall into the latter scenario, you may be wondering how lenders will assess your credit situation when you apply for a mortgage in the near future.

FOMC Minutes: Housing Market Stable But Slow

The minutes of the March meeting of the Fed’s Federal Open Market Committee (FOMC) were released Tuesday and included a staff review of current economic conditions. The minutes noted that while labor markets continued to grow, inflation to the Fed’s target rate of 2.00 percent was impeded by dropping fuel prices. The Committee noted that expectations for longer-term inflation remained stable.

First-time Real Estate Investor? Here Are 3 Helpful Tips That Will Get You Started

As a first time real estate investor, you may be excited to start searching for a property to invest in. However, be sure to consider the following helpful tips to make your search more successful.

How Does Making Lump Sum Payments Affect Your Mortgage? Let’s Take a Look

Periodically, many homeowners will receive a rather sizable amount of extra cash. This may be from a bonus from your employer, a refund on your tax return, a financial gift from a relative or something else altogether. Before you make your decision about how to spend your money, consider what impact your lump sum payment will have on your mortgage.

S&P Case-Shiller: Home Price Growth Slows in 2015

According to the S&P Case-Shiller Home Price Index report for January, home prices grew by 4.50 percent year-over-year as compared to January 2014’s year-over-year price growth rate of 10.50 percent. This was the lowest rate of home price growth since 2012.

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Storms, your home and your loan

I hope you survived the past week’s storms intact, but in case you didn’t or know someone that didn’t, I wanted to pass along some information that hopefully will be helpful. First, please do not use just anyone that comes knocking on…

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Spring DIY Projects: Build a Treehouse That the Kids Will Love

If you have children, no home is complete without a treehouse. Besides the fact that treehouses provide kids with hours of entertainment, they can also confer ancillary benefits that are hard to quantify. When building any type of treehouse, keep the following tips in mind.

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3 Reasons Why Your Mortgage Lender Might Ask for Your Tax Returns – And Why You Should Provide Them

Typically, a mortgage lender will include a request for least the last two to three years of your income tax returns with this documentation. There are several reasons why a lender may need to review your tax returns and why you should provide requested documentation as soon it is requested.