Category Archives: Mortgages
Why Debt Matters And Home Value Doesn’t
Contrary to popular belief, I don’t think America’s biggest obsession is with cars, Starbucks or American Idol. It’s with something a lot closer to home – housing prices. For the last several years, neighborhoods all over the nation have been in a mass panic over home values. Mine is no exception. When a nearby house… Read More »
Why Finances Are More Important Than Home Prices
Move over, baseball. Watching home values seems to be the new American pastime – at least where I live. Just like a sports fan knows all the scores and stats, my friends know every time a nearby house goes for sale – and for how much. They check Zillow.com constantly to see if their homes… Read More »
Bankruptcy Is a Better Way to Take Advantage of Falling Mortgage Rates
Mortgage rates are falling again. Home values are ever so slowly edging higher. A growing number of buyers are trying (some successfully, some not) to get into the market. The market is changing and homeowners stand to take advantage – but only if they act fast. On average, the rate for a 30-year home loan… Read More »
Eliminate Debt to Make Most of Lower Mortgage Rates
Fact: Mortgage rates are at an all-time low. Fiction: A lower mortgage is the answer to all your prayers. The average rate for a 30-year mortgage fell to around 5 percent recently. That’s pretty convenient because it means rates won’t be adjusting significantly higher, as many have feared, and – if you’re lucky enough to… Read More »
Bankruptcy Can Stop Foreclosure By Addressing Other Debts
Remember those Magic Eye pictures? On the surface, they looked like a bunch of colored dots. But once you let your eyes adjust, you could finally see the scene hidden inside. You could finally see the whole picture. Well, the foreclosure crisis is turning out to be a lot like those images. On the most… Read More »