Q: “I will retire shortly at 65 and still owe $67,000 at 6 percent on my mortgage, which I have not been able to refinance because I can’t document enough income … the mortgage still has 10 years to go, and the payment is $744. My house is worth $250,000 and I have savings of …
The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a preapproval. The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what …
“Year-over-year, the number of completed foreclosures decreased about 19 percent to 69,000 in March 2012 compared to 85,000 in March 2011, according to CoreLogic’s National Foreclosure Report for March. Month-over-month, with the number of completed foreclosures in February 2012 at 66,000, foreclosures increased about 4.5 percent in March 2012. On a quarterly basis, foreclosures decreased …
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Real estate tips to guard against losing your home Time and time again, home-buyer wannabes state that the reason they are still fence-sitting is that they don’t want to end up in the same trouble the last generation of homeowners did. Well, there’s a very slim chance of that happening, given the changes in the …
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