15-Year Mortgages Becoming More Popular


They might be scrimping and saving, but more Americans are finding a way to own their current home twice as fast. CBS 2’s Vince Gerasole reports rates are so low that some families are refinancing into a 15-year mortgage.
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More Mortgage Stuff:

Reverse mortgages get more affordable – Berkeley Voice
THE REVERSE mortgage has matured. These loans, which allow seniors to spend their home equity without selling their home, historically have been cumbersome and expensive. But new options empower seniors to tap smaller amounts of equity in a more affordable … Go to Source…

Reverse mortgages get more affordable – Berkeley Voice
THE REVERSE mortgage has matured. These loans, which allow seniors to spend their home equity without selling their home, historically have been cumbersome and expensive. But new options empower seniors to tap smaller amounts of equity in a more affordable … Go to Source…

Mortgages Getting More Costly
CNBC’s Diana Olick has the story on Wells Fargo confirming it is no longer accepting applications or rate locks for FHA and conventional conforming loans above $625,500. (CNBC) Go to Source…

A Lot Of Things Could Go Wrong When You Try To Refinance Your Mortgage – The Business Insider
With mortgage rates so low, just about everyone and their mother has at least inquired about refinancing. Unfortunately, a lot of current homeowners are finding that they don’t qualify for one reason or another. That said, let’s explore some common … Go to Source…

Estimated 1.76M mortgages modified last year – York Daily Record
CHICAGO — Mortgage loan servicers negotiated 1.76 million permanent loan modifications for homeowners last year, but more than two-thirds of them were completed in-house and not part of the federal government’s Home Affordable Modification Program. A year … Go to Source…

More pay credit card bills than mortgages – Fresno Bee
My grandmother, Big Mama, had a key financial rule that I’ve followed throughout my life. You can manage without a telephone, she would say. You can take the bus and get by without a car. But you can’t live comfortably if don’t have a roof over your … Go to Source…

Refinancing Your Mortgage – Tips For Cutting the Costs Involved
Individuals generally prefer to go in for refinancing options when they realize they cannot cope up with existing interest rates, and find it almost impossible to redeem their mortgage dues. Refinancing is a credit option, and just like various credit facilities offered by banks and lending institutions, refinancing too is a facility that needs to be availed, and the borrower is deemed to redeem f…

Refinancing Your Mortgage – Tips For Cutting the Costs Involved
Individuals generally prefer to go in for refinancing options when they realize they cannot cope up with existing interest rates, and find it almost impossible to redeem their mortgage dues. Refinancing is a credit option, and just like various credit facilities offered by banks and lending institutions, refinancing too is a facility that needs to be availed, and the borrower is deemed to redeem f…

Re-Designed Popular Mortgage Payment Calculator Site is Now Even Less Cluttered and … – YAHOO!
Popular Mortgage Payment Calculator site has been completely re-designed and enhanced with new tools and content, offering nineteen calculators organized in six logical categories, free of pop ups and pop unders and the clutter of competing ads, which is … Go to Source…

Rates on 30-year mortgages continue to surge – Washington Post
Search for new homes, condos, and other real estate in Washington, D.C., Maryland and Virginia. Rates on fixed mortgages surged for the fifth straight week. Freddie Mac said Thursday the average rate on a 30-year fixed mortgage rose to 4.83 percent from 4 … Go to Source…

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