Archive for the 'Mortgages' Category

Compare Mortgage Loan Rates Without Giving Personal Information

Simply enter the loan amount, the purchase price (they say property value, which is a little confusing since the results show that value as the purchase price– see below) and your zip code and Mortgage Marvel serves up a list of mortgage lenders, with the interest rate, points, APR, and monthly payment.

What Banks Will Not Tell You: You May Not Be Liable for a Deficiency Judgment If You Walk Away From Your Mortgage

More and more Americans are facing a decision on mortgage debt they are unable to pay or refinance. Should I declare bankruptcy? You may not have to. You may be able to simply walk away from the mortgage. Most Americans fear making that choice.
The Bank Chase for a Deficiency Judgment
Most […]

Credit Bubble: Mortgage Crisis Spreads to Other Consumer Debt

It’s not just sub-prime first mortgage borrowers who are falling behind in their payments. Rising delinquency rates are hitting home equity lines of credit, car loans and credit cards. These borrowers have good credit and were thought to be the bulwark against the sub-prime borrower risk. In the parlance of the […]

Federal Reserve to Curb Mortgage Lending Abuses: More Rules for Those Who Hate Rules

The Federal Reserve proposed rules today to curb abusive lending practices. They think it may not be a good thing—you know, lenders giving loans to folks who can’t afford to repay them, which leads to foreclosures, which leads to bank losses, which leads to less lending, which leads to less buying, which leads […]

Sub-Prime Decline Video: There’s a Fine Line…

“There’s a fine line between gain and a painful decline.” The Richter Scales.
This video is by the same folks who got some recent grief over this YouTube parody video.

via Sparckl.

Open Mike: The Typical Mortgage Horror Story

A.B. Wenzell (1909)
This Open Mike post is by John DiFiore. John is in the mortgage industry and specializes in first time home buyers and those with less than stellar credit. John says this post is meant for consumers, but Realtors can skip to the end for a message. OK, take it away […]

Shop For Title Insurance & Save Thousands

Title insurance is necessary when you borrow money to buy a home. But do not blindly accept the title company recommended to you. An article in the Wall Street Journal says shopping around can save you thousands. That’s right, thousands.
The article cites online title companies like GetTitleInsurance.com , TitleInsurance.com, and EastTitelQuote.com asĀ  […]

How To Save Money On Your Mortgage With One Account + 99 Other Money Savers

Originally conceived in the UK by Virgin Direct and the Royal Bank of Scotland in 1997, The One Account Ltd. pioneered a novel money-saving mortgage product. Known as an offfset mortgage or CAM (Current Account Mortgage), it allowed borrowers to consolidate savings and mortgages in one account, with the net balance (mortgage amount less […]

Open Mike: Kevin Ward

Sellsius Open Mike is our way of sharing our blog. We lend our blog stage to those who may not have one and must speak their mind backstage in the comment section. Kevin Ward is a blogger. Still, he can have the mike. His expertise is in helping people pick the right loan. He […]

50 Year Mortgage is Here

Creative financing has put plenty of people in homes that they might not have been able to afford with more traditional fixed rate mortgages. With the a spike in foreclosures this year, home buyers, especially first timers, are looking for other options.
Will the 50-Year Mortgage be that option?
See articles below for more info:
The 50-Year […]