AOL News

What Will Happen When Mortgage Rates Spike?

Wed, 19 Aug 2009 16:33:25 GMT

What Will Happen When Mortgage Rates Spike?

posted: 174 DAYS 13 HOURS AGOcomments: 0

Last week, the Federal Reserve announced that it would be winding down its $1.25 trillion effort to purchase mortgage-backed securities later this year -- ending a program that has been instrumental in driving mortgage rates to record lows, which helps make homes more affordable with lower monthly payments. What does this mean for you?

Full Coverage

DIGG Email Comments (0)

The 2 Mortgage Guys: How to Use Gift Money

Fri, 14 Aug 2009 16:47:12 GMT

The 2 Mortgage Guys: How to Use Gift Money

posted: 179 DAYS 13 HOURS AGO

Skip over this content

On this week's "Show & Tell with The 2 Mortgage Guys," we're talking about gift money. Are you thinking about buying a home? Have you saved up for a down payment? We'll explain how using gift money could put you in a position to buy a home without the need for a huge savings account.

Full Coverage

A Mortgage Modification Will Crush Your Credit Score

Tue, 21 Jul 2009 16:03:47 GMT

A Mortgage Modification Will Crush Your Credit Score

posted: 203 DAYS 14 HOURS AGO

Skip over this content

Getty Images

President Obama's Making Home Affordable mortgage modification plan is getting quite a bit of press lately, most of it focusing on how it can help borrowers who are having trouble with their payments. But here's one downside to having your mortgage modified:

Full Coverage

First-Time Buyer Tax Credit Can Be Used as a Down Payment

Thu, 09 Jul 2009 15:27:33 GMT

First-Time Buyer Tax Credit Can Be Used as a Down Payment

posted: 215 DAYS 15 HOURS AGO

Skip over this content

The Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Here's what this means:

Full Coverage

More Americans are Behind on their Mortgage Payments

Tue, 30 Jun 2009 15:58:32 GMT

More Americans are Behind on their Mortgage Payments

posted: 224 DAYS 14 HOURS AGO

filed under: Mortgages

Skip over this content

Now that one in eight people are behind on their mortgages, the "it's not so bad" crowd seems to have quieted down a bit. But here's the reason that we should relax:

Full Coverage

Houses at $299k Sell Better Than $301k

Tue, 30 Jun 2009 23:33:58 GMT

Houses at $299k Sell Better Than $301k

posted: 224 DAYS 6 HOURS AGO

filed under: Mortgages

Skip over this content

Corbis

In a piece on selling your home in a hurry, Money Magazine staff reporter Beth Braverman offers some good tips -- but then there's this clunker...

Full Coverage

Buying a Home Without a FICO Score

Mon, 21 Sep 2009 14:57:56 GMT

Buying a Home Without a FICO Score

posted: 141 DAYS 15 HOURS AGO

Skip over this content

Nearly every personal finance guru in America will tell you that it's important to build and maintain a high FICO score -- and that good credit is a sign of financial prudence and responsibility. Lenders will reward you for that responsibility with a lower interest rate loan.

Full Coverage

Are You Pre-Approved for a Mortgage?

Tue, 08 Sep 2009 22:28:36 GMT

Are You Pre-Approved for a Mortgage?

posted: 154 DAYS 8 HOURS AGOcomments: 0

Skip over this content

Are you thinking about buying a home in the near future? Regardless of your credit, the first thing you should do is get your financing in order with a mortgage pre-approval. Everything from credit score requirements to PMI has changed in the last 12 months, so you may be facing a surprise or two.

Full Coverage

DIGG Email Comments (0)

How to Refinance Your Home When You Don't Have a Job

Thu, 03 Sep 2009 18:53:36 GMT

How to Refinance Your Home When You Don't Have a Job

posted: 159 DAYS 11 HOURS AGO

filed under: Mortgages

Skip over this content

As someone who has been without a full-time job for more than a year, I've wondered how to refinance my home while being unemployed. It's a tough situation to be in. You can't get a home loan without a steady income, and without a job you can't afford your home.

Full Coverage

Get Out of Debt the Casey Serin Way

Wed, 02 Sep 2009 18:14:31 GMT

Get Out of Debt the Casey Serin Way

posted: 160 DAYS 12 HOURS AGO

Skip over this content

Casey Serin, an infamous online entrepreneur we previously profiled at Walletpop, has come a long way on the dark road of how to get out of debt -- and he still owes $190,000. That's the amount left over after his crazy year of failing to "flip" houses in Sacramento, succumbing to foreclosures and divorce.

Full Coverage