Comparing VA loans to FHA Mortgage Loans
The government offers two popular home mortgage products, the VA loan and the FHA mortgage. Both are great home loans, but there are significant differences and requirements top qualify. VA Home Loan...
View ArticleLow Home Mortgage Rates Driving Home Sales
Home mortgage rates continue to make mortgage refinancing and home buying more affordable than ever. The home loan demand continues to rise for borrowers seeking first time home buyer loans. Home...
View ArticleMortgage Relief For Gulf Coast Homeowners
Low mortgage rates and loan modification plans may not be enough mortgage relief for struggling Gulf coast borrowers. Freddie Mac said Thursday it was invoking a mortgage relief policy for borrowers...
View ArticlePre-Qualification Versus Pre Approval Letter
In most cases a pre-qualification is a written letter from a mortgage lender stating that the borrower is eligible for a home mortgage loan up to a certain loan limit. (ie. Bank of America Home Loans...
View ArticleHome Mortgage Demand Cools
The Mortgage Bankers Association reported today that the demand for home mortgages cooled last week as rising home mortgage rates curbed refinance loan requests that had soared to a 14-month high. Home...
View ArticleThirty Year Fixed Mortgage Rates Decline
Who would of thought a few years ago that borrwers could lock into a 4.25% fixed rate mortgage for 30 years? According to Zillow Mortgage Marketplace, mortgage rates on thirty-year fixed home mortgage...
View ArticleMortgage Rates Could Be Rising Soon
There are a few good reasons that most economists and people in the home financing sector believe that rates for home mortgage loans will be going up soon. Getting approved now, so that you can lock...
View ArticleUnemployment Driving Low Mortgage Rates in 2012
In the past high unemployment has equated to lower mortgage rates. With conforming and FHA mortgage guidelines getting stricter, many consumers are running in circles in search for a home loan that...
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