Is a No Closing Cost Mortgage for You?



Buying a no closing cost mortgage isn’t necessarily a bad thing – as long as you understand how you’ll be paying those costs. To start with, a no closing cost mortgage doesn’t mean you won’t pay the costs associated with taking out the loan. When you take out a mortgage, there are costs that need to be paid

Expert says rising mortgage rates will be good for the housing market



It looks as if the Federal Reserve is finally going to do something about raising short term interest rates

Bankrate’s Greg McBride; “2013 Favorable for Borrowers”



Bankrate’s senior financial analyst, Greg McBride, CFA, talked recently about the 2013 mortgage rate forecast . Today RealtyBizNews spoke with McBride about the news as it applies to industry professionals and consumers. Bankrate projects interest rates to remain steady at between 3.5 & 4.0 %.

4 Ideas For Saving Thousands Of Dollars On Your Mortgage Payment



If you are a typical home buyer, paying less than 20% down, there is about a 90% chance that you’ll use an FHA, VA or USDA loan to finance the purchase of your first home. If you do choose one of these “government insured” loans, you’ll be subject to high fees and interest costs that will amount to more than the entire price of your home.

The Low Down Payment Mortgage Trap



Low Down Payment Mortgage Loans such as FHA, USDA, VA or any type of loan where you can make a down payment of 5% or less is basically a trap. It’s a trap that leaves the borrower “under-water”, even in a good market.

Time To Buy Houses – 3 Reasons Why 2012 Is THE Bottom



It’s time to officially declare a real estate price bottom. And yes, prices could erode further in the hardest hit markets – At least statistically – but remember, the lower they’ve gone, the more likely they are to rebound with gusto.

Cure Your Holiday Spending Blues This Year



The holidays are winding down until Easter, your pocketbook is as thin as it gets all year, and with all the things to do around the house you wonder how to make ends meet. Well, this is the best time of the year to transform your household from one of over-spenders to smart spenders as your New Year’s resolution.

Six Florida Banks and Texas Ratio Woes



As if Florida had not been hit hard enough during this economic downturn, especially in the real estate realm, new today from the banking industry simply adds to the state’s woes. The Texas Ration, a term used to basically determine bank solvency, for even banks that weathered the Great Recession – shows how fragile the economy really is in the deep South.

Mortgage Rates May Slow New Sales



Even slight increases in the 30 year mortgage interest rate may affect how home buyers perceive the market. Worse still, with budget belts so tight, even a few points can mean the difference between affordability and impossibility. Have we seen the last of super low interest rates? Some experts believe banks simply have to increase rates to survive.

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