Why should you get a 15-year mortgage?

Benefits of 15-year mortgage hard to beat Why those lured by smaller payments on 30-year loan should reconsider By Jack Guttentag, Monday, April 30, 2012. Inman News® The case for 15-year fixed-rate mortgages has never been stronger because, in the post-crisis market, the rate advantage over the 30-year has never been larger. The rate advantage …

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Three mortgage mistakes to avoid

The mortgage market is in a state of tumult these days. Rates are bizarrely low, but many homes are worth much less than the mortgage balances they secure. People are still losing their homes left and right, but millions of mortgage applications of creditworthy borrowers are being rejected every year. Against this backdrop, it’s really …

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Most homeowners still faring well, with positive equity

Nearly half of all owners with mortgages have at least 25% equity stakes in their properties, and about a quarter of owners with mortgages have more than 50% equity, a new study shows. Reporting from Washington—Negative equity and underwater homeowners are frequently in the headlines, but what about positive equity in Americans’ homes? Is there …

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Distressed B. of A. homeowners in Calif. now have chance of principal reduction

Distressed Bank of America homeowners in California now have chance of principal reduction Bank of America has joined the Keep Your Home California principal-reduction program, making it the largest loan servicer involved in lowering loan balances for those with economic hardships. Making sense of the story Keep Your Home California is a program offered through …

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