5 new barriers to getting a mortgage

October 19, 2010 | Comments Off on 5 new barriers to getting a mortgage

By Amy Fontinelle of Investopedia © Radius Images/Jupiterimages Are you having trouble getting approved for a mortgage? Ever since the housing bubble burst, lenders have been subjecting mortgage and refinance applicants to stricter criteria. Here are five reasons why people are finding it more difficult to get approved these days. 1. Lender paranoia Mortgage lenders naturally want to […]

By Katy Stech The Post and Courier Thursday, August 5, 2010   Government money is on the way to help financially struggling South Carolina residents save their homes. U.S. Treasury officials approved a series of homeowner rescue programs that will spread federal grants — from a few thousand dollars up to $36,000 — to homeowners […]

According to this article from MSN it looks like it will be a long path to recovery for the U.S. housing market. In this May 13, 2010 photo, a brand-new $1.1 million, 5,200 square foot home in Davie, Fla. is offered for short sale. The number of homeowners who missed at least one payment on […]

A recent survey done by a Fannie Mae national housing survey came up with the following results. The survey shoed that most Americans now prefer owning over renting. Despite the challenges facing the housing market, 65 percent of Americans would still prefer to own a home rather than rent, according to a Fannie Mae national housing survey. […]

Saw this great article mentioned on Twitter from Erate and wanted to share…. by Broderick Perkins DeadlineNews.Com (03/22/2010) Buying a home is perhaps the most arduous, expensive and, ultimately, valuable acquisition you’ll ever complete Just one mistake could mean disaster — perhaps the worst mistake you’ll ever make. In order to avoid titanic trip ups during […]