Refinance .net

You Are Ready to Refinance
You already own a home, so you’re at least somewhat familiar with the mortgage process. You now want to refinance your mortgage and are considering an FHA-insured mortgage. You’ll find out that refinancing through FHA is the same as applying for any other loan, plus you have many more protections [...]

WASHINGTON (AP) — With mortgage rates sinking to the lowest level since the early 1960s, homeowners around the country are giving themselves an early holiday present: a refinanced mortgage with lower monthly payments.
Should you be doing the same?
Advice about the loan modification process to help avoid foreclosure on your home.
The depends mainly on [...]

Nothing is ever as simple as you think it is. What’s the likelihood that a homeowner falling towards forclosure on his mortgage might also be behind on his income taxes? Actually its pretty common, and unfortunately, it can put a family in a world of hurt.
Here’s the circumstance: if you fall far [...]

I hate to quote complete articles, but this analysis from USAToday is so powerful, and so sobering, we thought that it was well worth reading.

More room to fall?
For every $100 spent on a house in 1950 the investment rose slightly through 2002, then soared to about $192 in 2006, adjusting for inflation. Then credit [...]

In 2005 the comptroller of the currency, John C. Dugan, was among the first to sound the alarm that interest only and negative amortization loans were a looming threat to the stability of the mortgage banking system. Speaking to a consumer advocacy group, Dugan painted a troublesome picture of option-ARM lending. Many buyers, [...]

In the midst of all of the economic bad news, and the mad dash to intervene throughout the capital markets, there is at least some hint of good news. The beauty and flexiblity of a market economy rather than a command economy, is that markets tend to adjust themselves. When things get [...]