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As more people put houses in hock - financial institutions want you to turn your home into a giant credit card. But there are pitfalls
Homeowners used to celebrate when they paid off a mortgage. These days, even before the original mortgage is retired, millions are using their residences ......(Continue Reading) Discreditable reports: are bankers letting racism interfere with profits? Now that would be news - how a Washington Post three-part report, June 6-8, 1993,
The Washington Post abused facts about mortgage loans to African Americans to show that banks favor white applicants. Banks make loans based upon credit ......(Continue Reading)The complete guide to trading up your home - tips on bidding, structure evaluation and using mortgage brokers; includes information on using real estate
The complexities of financing a home purchase in the 1990s make it advisable to plan economic logistics before involving a real estate agent. Mortgage brokers help buyers find the best mortgage deal....(Continue Reading)A new trap awaits mortgage borrowers
A new trap awaits mortgage borrowers When Robbin and Barry Good applied to refinance the short-term loan on their Northville, Mich., home, they put up $500 to "lock in' a 9 3/4 percent rate fo...(Continue Reading)Refinancing fumbles: as more homeowners take advantage of low interest rates, overworked banks and mortgage brokers are making errors that could cost you
Never mind baseball--with interest rates at near-record lows, refinancing has become the national pastime. In 2002, roughly $2.24 trillion worth of home mortgages were financed, and nearly 60 perce...(Continue Reading)
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