Mortgage News, Tips and Tools - Page 17

Mortgage Refinance – Is It Right for You?  Mortgage Refinance – Is It Right for You?

Interest rates have reached their lowest levels since the 1960s. And, a mortgage refinancing flurry has swept through the housing market. According to the Mortgage Bankers Association and HUD, 16.2 million homeowners have refinanced since April 1, 2009. But, is refinancing right for everyone?


Foreclosure Rescue Scams: Avoid Becoming a Victim  Foreclosure Rescue Scams: Avoid Becoming a Victim

You’re struggling with your mortgage payment and worried about a possible foreclosure. At your most vulnerable position, you are a target for a range of foreclosure scam artists. Promising to save your home and help pay your mortgage, crooks lure in desperate homeowners. Under the guise of support, these scammers somehow manage to cheat consumers out of their money and sometimes even their homes.


Why you should avoid foreclosure  Why you should avoid foreclosure

When you fall behind on your mortgage payments and cannot catch up, you risk allowing your home to fall into foreclosure. Foreclosure is a legal action the mortgage company must take to assume ownership of the property when the required loan payments are not made. Since this can seriously damage your credit, you should explore all other options.


How to Really Get Your Free Credit Report and Why  How to Really Get Your Free Credit Report and Why

Your credit report is really the record of your borrowing and debt repayment history. The report shows where you work and live, how you pay bills, whether you've ever been sued or arrested, or have filed for bankruptcy. The three major credit reporting agencies— Equifax, Experian, and TransUnion - collect all this information and sell it to financial institutions and employers.