ARCHIVED BLOG POSTS
2008
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What a difference a burst bubble can make. Only two years ago, mortgage brokers originated more than two-thirds of new loans, according to Wholesale Access, a mortgage research firm. Now their share of the mortgage pie has dropped to 45%. That's a shocking loss of market share when you consider t...
05/29/2008
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Escrow is a written agreement between the seller and buyer of a property. The moment escrow comes into existence, a third party person, known as an escrow holder, comes into existence. An escrow holder is liable for all the activities executed by both the parties for the purpose of closing the es...
05/29/2008
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Americans remain split on whether homeowners about to default on their mortgages should receive special treatment to help them keep their houses, according to a new research poll. The poll finds 49% of Americans believe such homeowners should receive special treatment, while 48% feel homeowners s...
05/25/2008
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Many people give up on the dream of home ownership before they even get started because they just don’t believe they will ever be able to afford the down payment and closing costs. A down payment can be as much as 20 percent or more of the purchase price of the house and if you are looking at hom...
05/25/2008
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A major legal brawl is breaking out over how homes are appraised, at what cost, and by whom. The outcome could directly affect the price you pay for your next piece of real estate, and the amount of mortgage money you can obtain. The fight centers on an unusual agreement reached in March among F...
05/19/2008
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Air conditioning is an expensive way to stay cool, but there are ways to chill your house without burning up your bank account. Money editor Stacy Johnson takes a look at a few ways in this short video (runs 1:41). ******************************************************************************...
05/19/2008
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When it comes to food and fuel prices, they're going through the roof. But what about the roof itself? There the news might be a little better. Stacy Johnson takes a closer look in this short (1:18) video. ***************************************************************************************...
05/12/2008
Making sure you have a good credit score is more important today than ever before. Not only is it crucial to helping you get the best interest rates possible when applying for any type of loan, it could mean the difference as to whether you can even find a job, if you're looking for one. More an...
05/12/2008
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One of the most confusing mortgages to much of the general public is the reverse mortgage. Lots of folks aren't sure what a reverse mortgage is, who qualifies, how to apply, and where to go to get information. These are all great questions, and here is a great article that sums it up and explains...
05/04/2008
In some cases, filing a claim against your homeowner's insurance is just not worth it. In addition to getting socked with higher premiums, you could find it harder to get coverage later. The big question is, when should make an insurance claim, and when is best not to? Unfortunately, there is no ...
05/04/2008
