Know Your Credit Score

In the past, it wasn't out of the question to obtain a mortgage with a FICO score in the low 500 range. In fact, if you were willing to accept the payment, you could even do so with little money down.
Today, however, if …

Mortgage Rates Hit All-Time Low Levels Again!

In case you haven't caught the news, home loan rates have done it again, dropping to their lowest level...ever. Not only has the 30 Year Fixed rate returned to its lowest all time level, rates across the board are at their …

First Time Home Buyer Tax Credit Expires Soon

Attention potential First-Time Home Buyers!!! You have less than four weeks to close on your new home to get the $8,000 tax credit. Do not rely on an extension with possible additional benefits. Take what you know you can …

The Haunted Halloween Mortgage Rates Report

The 4% rates have come back to haunt us this week. Or is that taunt us?

For almost one week, the rates were in the 5% range. However, with a last minute inter-day rate change, an eerie ghost appeared on my …

There's no place like 4%, There's no place like 4%

It appears as though potential home owners had their house land on the higher rates of 5% and reward them with some red ruby slippers to wish rates back down into the 4% range. But you better …

Don't Think We're in the 4's Anymore

Toto Over the weekend a major tornado wreaked havoc on the mortgage industry. Analysts are certain of the cause, but while siphoning through the damage, on thing is certain. 4% interest rates have disappeared from this realm of reality. While …

Foreclosure Bankruptcy Deed-in-Lieu Short Sales

All frightening words of despair but also words of hope. Without these concepts, ideas such as a fresh start, renewed vigor or hope for tomorrow would simply cease to exist.

Unfortunately, some families erroneously believe that no one will lend to …

Record Low Rates, Get What You Need

"You can't always get what you want, but if you try sometimes, well you just might find, you get what you need." - Rolling Stones

What does that have to do with this week's mortgage rate report? Well, funny …

Finance Barbie: Fake Currency Included

Party Dress & Yacht Sold Separately

Several days ago I was crossing the state in my car. While listening to the radio I overheard a report of senior vice president, banking executive who had “borrowed” a bank owned home in Malibu, …

The Banks Ran Me Around For Two Years and One Half Years

Two and one half years with no payments made to the bank, no response from the bank, no foreclosure, no loan modification, seven accepted offers at about $40,000 as a short …