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Mortgage Terms News

Mortgage acceleration without extra payments?

What if you could get a 15 year amortization with a 30 year payment? Now that would be tremendously helpful, wouldn't it? You can actually envision a day that you actually pay off the house! Seems impossible right now for most of us but that is exactly what is available through …

New housing permits at lowest level since 1997

A report released by the home builders indicates that new permits for construction hit its lowest level since 1997. This is a sign that the home builders are expecting more pullback in values.

Home prices fall for 3rd straight quarter

As expected, the price of homes has fallen for the 3rd straight quarter according to the National Association of Realtors (NAR). The decline is an average of 6.5% below the peak in 2006.

Check out the neighborhood when buying a home.

Finding a home in the right neighborhood is equally as important as getting it at a value. Many neighborhoods may look suitable from a glance but there could be underlying crime that would affect your decision. Just because a neighborhood is well kept does not mean it is safe.

Home values for 2007 expected to decline

The National Association of Realtors reported that overall home prices are expected to decline this year for the first time since they began tracking this in 1968. The expected median drop in values is 1%.