Archive for April, 2008

Does A Lower Fed Rate Result In Lower Mortgage Rates?

The Federal Reserve has been lowering rates to stimulate the economy. Does this mean that that mortgage rates will fall?
It is a 50/50 shot that a reduction by the Fed will result in a reduction in mortgage rates…read on.
Lets look at the 30-year fixed rate mortgage. A 30-year fixed rate mortgage is not tied [...]

Top 5 Reasons Recession Means Opportunity

Doom and gloom make for great headlines, but you must look for opportunity at all times to get ahead.  We’ve been taught to buy low and sell high, yet the media would like you to think that a recession means you should stay home and hibernate.  Not so, now is the time to buy and [...]

Buying A House? Take Foreclosure Bus Tour

I found a cool video on You Tube and wanted to post it to follow up on my previous Foreclosure Bus Tours posting.

National City Mortgage - Foreclosure, Loss Mitigation Contact Information

Having trouble making your payments to National City Mortgage? I can say that the web page they have set up is one of the best I’ve seen on the topic. It has useful information, links to more and phone numbers to call.
http://www.nationalcitymortgage.com/service_assistance.asp
You can apply on line for assistance, get the documents you need [...]

Foreclosure Rescue - How to Spot a Scam

As the number of foreclosures increase in the U.S. Housing Market, so does the opportunity for foreclosure rescue scams. If you find yourself in the precarious position of facing an imminent foreclosure proceeding you should be on the lookout for these scams. The worst thing you could do to yourself is to fall victim to [...]