Lendance.com Personal Finance Topics Archive: September 2006

Mortgage Rates May Improve for Islands: As the mainland of the nation experiences a stabilizing of mortgage rates, the island state of Hawaii may benefit. In a state known for high dollar property and expensive closings, Hawaii is now feeling the effects of a national cooling.
Added September 1st, 2006 -- Click here to read more!

Florida Home Sales Level Out: Florida is normally one of the hottest real estate markets in the nation. But with recent hurricanes and high home values, the market slowed down. Some analyst say that now is the time for the Florida market to stabilize.
Added September 4th, 2006 -- Click here to read more!

Minorities May Pay More for Mortgages: A study of metro areas has found that, in many cities, minorities may pay more for a mortgage. While some groups say this is discrimination, other industry professionals cite other reasons for the high cost.
Added September 5th, 2006 -- Click here to read more!

Mortgage Rate Shock Looms Large: According to a study that serves low-income families, homeowners that have adjustable rate mortgages may be in for a shock when their next adjustment happens. The rate shock could push foreclosure rates up.
Added September 6th, 2006 -- Click here to read more!

Adjustable Mortgages Causing Pinch: In the current mortgage market, some people are wondering if now is the time to refinance or buy a new home. While home sales have been lagging, forcing prices down, rates may still be fluctuating.
Added September 7th, 2006 -- Click here to read more!

Lenders Could Help With Late Payments: Over qualifying and adjustable rate mortgages have left many homeowners in a situation where paying their mortgage is becoming impossible. Many lenders are working with existing clients to help them out of behind payments.
Added September 8th, 2006 -- Click here to read more!

Mortgage Rates Decline For Six Weeks: For the sixth straight week, mortgage rates are on the decline. Though rates have not gone down very much, the constant downslide indicates that the mortgage market is trying to be aggressive in a time of lagging sales.
Added September 11th, 2006 -- Click here to read more!

Mortgage Council Created by BBB: As a result of the rising mortgage fraud and consumer frustration, the BBB of Arizona has formed a mortgage council that will monitor and handle complaints and concerns within the state.
Added September 12th, 2006 -- Click here to read more!

Housing Data Hurts Mortgage Stock: Mortgage lenders are upset that, in light of housing data released this week, many companies have seen a drop in their stock. The companies are putting forth that the reporting of trends may hurt their business.
Added September 13th, 2006 -- Click here to read more!

Vegas Mortgage Fraud Big Money: Mortgage fraud has been on the rise and more officials are getting involved to curb the increase in loss. Nevada, and Las Vegas in particular, is one of the hot spots that contribute to the $1 billion loss.
Added September 14th, 2006 -- Click here to read more!

Homeowner Cost More Than Just a Mortgage: The current market has created a sellers market with the current trends in real estate. But before buyers run out thinking that the only difference in bills is a mortgage, they should think again.
Added September 15th, 2006 -- Click here to read more!

Reverse Mortgages and Nursing Homes: A rise in reverse mortgages may be beneficial to those in their golden years. But the new trend in pulling out money from a home may leave some homeowners in a precarious situation if they enter a nursing home or assisted living facility.
Added September 18th, 2006 -- Click here to read more!

Treasury Could Help Mortgage Market: The Treasury is rallying behind the mortgage market in an attempt to lift slumping sales. The fall in Treasury yields are in response to a pause in interest rates issued by the Federal Reserve.
Added September 19th, 2006 -- Click here to read more!

Turning a 40-year Mortgage into a 30-year Mortgage: The new trend of obtaining a 40-year mortgage has many homeowners wondering about paying the loan off. The easiest way to cut a mortgage down is by making an extra payment.
Added September 20th, 2006 -- Click here to read more!

Brokerage Buys National City Mortgage: Brokerage mogul Merrill Lynch has announced that it plans to buy Ohio-based National City Corporation before the end of this year. The move would give Lynch power over one of the major alternative credit lenders in the US.
Added September 21st, 2006 -- Click here to read more!

Adjustable Mortgages Can Burn Owners: Looking back on the past few years of the mortgage industry, now is a time when some homeowners will feel the pinch of an earlier decision. The appeal of an adjustable rate mortgage can slowly fade as time passes.
Added September 22nd, 2006 -- Click here to read more!

Rates Fall, Mortgage Applications Rise: For the sixth week in a row, mortgage applications are on the rise showing that the volatile market of earlier this year may be stabilizing. As many homeowners refinance, adjustable rate mortgages are at a three-year low.
Added September 25th, 2006 -- Click here to read more!

California Signs Bill Covering Reverse Mortgages: California Governor Arnold Schwarzenegger flew into Palo Alto earlier this week, as a Bill was introduced that would protect people from reverse mortgage scams. The increase in mortgage fraud has become a matter of government concern.
Added September 26th, 2006 -- Click here to read more!

Ways to Save on a Mortgage: Though mortgages have become more reasonable in the past few months, many homeowners are wondering how they can save on a mortgage. There are many ways, both before and after a mortgage is obtained, to save money.
Added September 27th, 2006 -- Click here to read more!

Group Wants Ethical Mortgage Professionals: In response to the growing number of mortgage fraud and price gauging, and American group is petitioning mortgage professionals to band together. The group offers a website that points borrowers in the right direction.
Added September 28th, 2006 -- Click here to read more!

When to Take Out Home Equity: Mortgage rates are slowly starting to fall, and many homeowners are looking to pull equity from their existing home. But under what circumstances is an equity loan a better choice than just refinancing?
Added September 29th, 2006 -- Click here to read more!

Find The Best Rates Today -
And get up to 4 FREE quotes!

Still looking for personal finance information?
Maybe this will help:

Lendance Personal Finance Topic Archive: Looking for information not found in our standard informative articles? We may be able to help! While we maintain a large amount of content and information on many topics related to personal finance, such as refinancing, home equity loans, mortgages, home loans, and more, we also provide our readers with up to date topics regarding many different aspects of personal finance. Click here to check out our personal finance archives today!

Lendance.com Navigation:

Your Zip Code:

Home Description:
Single Family Multi-Family Condominium Town House

Your Credit Profile:
Excellent Good Fair Poor

Type of Loan:
Refinance Debt Consolidation Home Equity Loan New Home Loan

Or Call
1-800-LENDANCE
For A Free Quote
Today!