Mortgage news and helpful tips

Fannie Mae has announced stiffer penalties to consider if you decide to walk away from a mortgage that you can afford to pay. Starting in the fall, Fannie Mae will disqualify borrowers for a period of seven years if they choose to default on their mortgage even though they have the ability to pay.

Here's our Weekly Rate Summary! Don't forget to come back and see what's new and if you can comment on our articles

With minimal economic news during our holiday week, mortgage rates have continued at the lowest they have been for decades. Last week ended with mortgage rates slightly lower while the volatility in mortgage markets and other financial markets stayed pretty high. Without major changes in the financial markets, sudden movements in rates were known to stir during the holiday week.

The National Association of Realtors said that over 180,000 people would lose their tax credit if the extension didn't come through, now we have confirmation that the house of representatives has extended this closing date to the September 30th date.

Last week, Greenspan wrote an Op-Ed for the Wall Street Journal in which he warns of an inevitable rise in interest rates... The second paragraph should be more than enough to tell you that rates will rise and not only...

Archived summary of the June 25, 2010 Las Vegas mortgage rate update. This page does not contain current pricing or an available loan offer.

There are two main ways to refinance an FHA mortgage . An FHA Streamline swaps your FHA loan for a new one with minimal documentation and often no appraisal.

If you haven't been informed yet, the Homebuyer Tax Credit has almost ended with less than a month left for First Time Home Buyers and Current Homeowners to close their deals and qualify for the Tax Credit.

A Short Sale allows the homeowner to sell the home and accept an offer for less than the total amount owed to pay off the Mortgage. Are you having problems which prevent you from paying your mortgage? Give us a call today (702) 696 -9900

While we have said before, that Mortgage Interest Rates are expected to rise in the not to distant future, Rates actually dropped slightly....