Low/No Cost Mortgages Are Expensive



There are still low and no down payment mortgages on the market but buyers need to be aware that these tend to actually be expensive options in the long run. For instance, FHA loans are among the most popular low down payment guaranteed loans. Due to insurance losses over the previous seven or so years, […]

New Way to Help Protect U.S. Homeowners



CUNA Mutual Group (founded in 1935) recently launched a new mortgage payment protection product for credit unions and their members. This new product covers mortgage payments in the event of a borrower’s death, disability, or involuntary unemployment. Credit unions that offer it are leveraging a comprehensive insurance and training program that protects members’ home mortgages. […]

Finding the Best Mortgage



A fundamental mistake many realtors make (even the most experienced) occurs when he or she first talks to a potential buyer. As soon as the realtor learns the potential buyer isn’t preapproved for a loan, they frequently do one of two things. Either they tell the potential client they don’t work with unapproved buyers or […]

Credit Unions Enter Mortgage Market



Traditionally credit unions have been used for lines of credit and car loans, but now they are entering the mortgage market. Although their rates are not amazingly competitive, they do have the advantage of being able to offer lower fees and more flexible terms. Some have quite relaxed membership rules, so that this source of […]

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