Mortgage rates are zooming

Current Mortgage rates are up a full percentage point above their recent record lows, raising costs for borrowers and questions about the housing recovery. A standard 30-year fixed-rate home mortgage rate hit an average of 4.63% on Monday before backing off just...

Ridiculous lender demands

Think its hard to get  a loan? You ain’t heard anything.The pendulum has swung so far to the other side- from granting a loan to anyone who breathes, to making it virtually impossible to most people. Forget even trying if you work for yourself. Besides the...

Credit misconceptions

Someone sent this to me but i can’t remember who. Thought i’d pass it on anyway. 1) “Free” credit report scores are accurate and reflect mortgage report scores. No. For the purposes of obtaining a mortgage; free credit reports are literally worthless. 2) A...

New Short Sale guidelines

I wanted to call your attention to the strict short sale timelines that mortgage servicers will be held to under the terms of the state Attorneys General foreclosure settlement that was filed in federal court this week (March 12), As reported on HousingWire.com, the...