Bad credit risks should pay higher interest rates
Yes, it seems counter-intuitive. If you have bad credit, you should have to pay a higher interest rate on your loan. But, it makes sense. The lender is assuming a higher risk, so he/she should be compensated for it. Of course, the question is, if you charge a higher...Be cautious when signing a note for several hundred thousands of dollars
Before you sign your name on a legal document that gives you several hundred thousand dollars in order to buy a home, and before you sign your name on a legal document that will require you to pay back that loan by making payments every month for the next 360 months...That’s ironic
The Federal Trade Commission said Tuesday it warned more than 200 companies about “potentially deceptive” mortgage advertisements that give borrowers a false impression of the cost of home loans. The FTC said ads on the Internet, newspapers, magazines, in...How to do a short-sale
Well, here’s quite simply one of the best, most-detailed blog entries I’ve ever read. This guy should send this to a newspaper to be published. If you are considering buying a property that is a “short-sale”, or you are a seller facing this...Freddie Mac and Fannie Mae face enormous problems due to loans at risk
This is not very good news! Fannie Mae and Freddie Mac, whose shift into the risky mortgage market has been driven by the government’s affordable housing mandates, is faced with millions “maybe billions” in problem loans. The Office of Federal...Condo Listings by Neighborhood
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