Archive for the 'Mortgage' Category

The Top 10 Reasons Why We Knew Modified Mortgages Were Not Going To Work

Tuesday, December 9th, 2008

1. Over the past year there has been a big push from the U.S Government and organizations like Hope Now to slow down the amount of foreclosures going on. The goal is to help people stay in their homes and continue making payments to mortgage companies so they don’t go completely broke which most of them [...]

The Top 10 Reasons Why 4.5% 30 Year Mortage Rates Will Not Fix The Housing Crisis

Friday, December 5th, 2008

1. In a article written at CNN today it talked about how the treasury is throwing around the idea of lowering 30 year mortgage rates down to 4.5%. If the Treasury Department steps in and does this it does nothing to fix the down turn in the housing market. The amount of homes on the [...]

The Top 10 Reasons Why You Cant Refinance Your Mortgage After The Home Was Listed For Sale On The Market

Wednesday, October 22nd, 2008

1. People trying to refinance their home after having it listed for sale are about to run into a big road block. Refinancing a home after being listed is one of the biggest underwriting guidelines that has to be passed. This is not about you, its about the mortgage company. 2. Most mortgage companies like Quicken [...]