The country is in the grip of foreclosure crisis – the worst in 16 years. The Federal Reserve and other allied banking regulators have taken the unprecedented step of appealing to the mortgage lenders not to rush on with proceedings. The man in the street has been surprised by the move – the likes of [...]

So far the going has been good for those with poor credit to try and own a house. In the sub-prime market not many questions had been asked and loans had been easy. But with the foreclosure raging through the country mortgage lenders have been tightening their belts making it difficult for house loans to [...]

The crisis in the sub-prime market is being held responsible for world wide heart palpitations. Figures and statistics are rolling in and experts are struggling to analyze and pin point the issue. Generally the accusing finger points to lax mortgage practices. On the other hand if ordinary folks were not able to avail of easy [...]

Everyone dreams of a home to lead a settled life. A home costs a lifetime saving for many people. Earlier people saved for a number of years before purchasing a home for themselves. Still many used to stay on rented apartments for a long time. But with financial sector emerging powerfully a lot of financial [...]

Home mortgage loans are the norm in the United States while going in for purchase of new homes. Apart from the loan amount, the interest rate and the period of repayment are the other two dominant factors in this process. Interest rates are of two types. One is the fixed interest rate and the other [...]

When you acquire a 20 year fixed rate loan, you pay the similar interest rate for the complete life of the loan. Moreover, homeowner’s insurance payments and your property tax will change, and your bank may perhaps require you to put together these payments with the loan payment. Nevertheless, you know what your interest payment [...]