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Sherry Zander
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May 12, 2010 at 4:59 PM
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By:
Sherry Zander
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Home Buying
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If you’re looking to buy a new home just built or currently being built on the housing market, now would be as good a time as any. Why? New home sales and new home sales prices continue to be on the decline, making for better deals for new home buyers.
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Full Coverage|
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April 23, 2010 at 12:32 PM
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By:
Sherry Zander
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Mortgage Rates
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Mortgage interest rates have held steady below five percent for some time now, hitting an all-time low of 4.71 percent in December 2009. The feds have kept rates down in attempts to boost economic recovery. So, how long can they hold off raising rates, what enabled interest rates to stay low and when will rates rise above five percent?
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Full Coverage|
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April 13, 2010 at 12:27 PM
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By:
Sherry Zander
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Bad Credit Mortgage Refinance
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Americans across the nation are not only underwater in their homes, but opting to pay credit card payments over their monthly mortgage. Major credit reporting agency TransUnion reported that last fall, over 10 percent of California residents were paying credit card bills instead of their mortgage payments.
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Full Coverage|
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April 08, 2010 at 10:55 AM
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By:
Sherry Zander
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Foreclosure and Bankruptcy
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Prior to legislation in 2007, debt for any home reclaimed by a lender through foreclosure was not written off. Instead, the lender issued to the foreclosed homeowner and the Internal Revenue Service (IRS) a Cancellation of Debt, Form 1099-C, which indicated the debt was canceled by the lender and specified the amount for which the debt was canceled.
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Full Coverage|
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March 17, 2010 at 8:10 AM
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By:
Sherry Zander
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Debt Consolidation
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There are benefits to debt consolidation refinance for some homeowners. It all depends on your current amount of debt, financial situation, credit score and other factors as to whether a mortgage refinance is the best way for you to address your debt.
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Full Coverage|
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March 17, 2010 at 8:06 AM
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By:
Sherry Zander
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Foreclosure and Bankruptcy
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Death and taxes are two certainties in life. Another notable certainty is if you fall behind on your mortgage payments, it will negatively impact your credit score. That’s a given. The uncertainty, though, lies in the extent of the impact.
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Full Coverage|
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March 15, 2010 at 12:42 PM
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By:
Sherry Zander
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Mortgage News
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Current events in the past five years resulted in a strong downturn in the U.S. economy. Inflated home values, mortgage refinance that was not carried out responsibly, job loss and other contributing factors caused mass foreclosures to erupt across the nation. In response, the federal government passed laws to help bolster the struggling U.S. housing market and sagging economy.
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Full Coverage|
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