http://www.mortgage-teacher.com Sat, 28 Jun 2008 06:09:27 +0000 http://backend.userland.com/rss092 en The new foreclosure ratings are out today.  Close to 1% of all mortgages in January to March ended in foreclosure.  This 1% comes out to be roughly 447,000 loans.  For the full article check out Yahoo News. http://www.mortgage-teacher.com/foreclosures-hit-record-highs/ With much of the subprime market gone, not that these kinds of loans were smart to begin with, the days of 0% down mortgages are over. It is back to the traditional, safer way with 10-20%. It may seem like a lot, especially getting closer to 20%, but ... http://www.mortgage-teacher.com/getting-enough-money-for-a-down-payment/ According to a recent article on CNN, home foreclosures have hit record highs.  The MBA (mortgage bankers association) reported that 0.78 of all mortgages entered into forclosure in the 3 months ending on Sept 30th, 2007.  It is obvious that the sub-prime market fallout is still wreaking havoc on home ... http://www.mortgage-teacher.com/foreclosures-hitting-record-highs/ Buying a home? It's not as easy as it used to be to get approved for a mortgage. With all the fraud that happened over the last few years, subprime lending has practically come to an end. It is also a common occurence ... http://www.mortgage-teacher.com/charlotte-real-estate-firm-has-solution-for-declined-mortgage-applications/ According to AIG, mortgage delinquency is on the rise. Reported on CNN, that 10.8% of subprime mortgages were 60 days past when payment was due. Currently AIG is classifying home loan borrowers as "subprime" if their credit scores are below 620. Also, according to the CNN article, ... http://www.mortgage-teacher.com/mortgage-defaults-on-rise/ When looking at different mortgages, an ARM loan can be very appealing at first sight. Arm loans, as previously discussed, offer teaser rates in the beginning which usually reset after a few years. This teaser rate often gives individuals a false sense of security in what they can ... http://www.mortgage-teacher.com/is-now-a-bad-time-to-get-an-arm-loan/ Many people do not like the idea of being in debt, as they shouldn't, and pay extra each month to attempt to pay off their mortgage early. This is usually an emotional or psychological based decision, not financial or mathematical. There are reasons to pay a mortgage off ... http://www.mortgage-teacher.com/is-it-best-to-payoff-a-mortgage-as-soon-as-possible/ There are two basic types of home mortgages, adjustable and fixed. Most people know the acronym for adjustable mortgages, ARM (adjustable rate mortgage). While there are other mortgage products, these two are the major two types that most everyone uses when buying a home. ARMs Like the name suggests, ... http://www.mortgage-teacher.com/basic-home-mortgage-products-explained/