Category "Mortgage"

Your home may be the single largest investment in your life. At ForTheBestRate.com, we want to provide you with information on the home financing process and make sure that you’re getting a great deal on your next mortgage. In this section of the website, we have posts covering a wide range of topics including real estate investing, mortgage products, refinancing, and industry related news.

Mortgage

Ready to Downsize? Don’t Discount Mobile Homes

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Let’s be honest. Mobile homes have gotten a bad rap in the past. If the word “trailer” conjures up mental images of a flimsy, unkempt box-on-wheels, it’s time for a...

Mortgage

When Does HARP Expire?

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The Home Affordable Refinance Program (HARP) was introduced under the federal government’s Making Home Affordable program and was designed to help homeowners refinance into more affordable mortgages even if they...

Mortgage

Is it Too Late to Refinance?

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If you read through the latest mortgage market updates, you’ll see that the refinancing craze seems to be over. Dramatically low interest rates and new government programs inspired homeowners across...

Mortgage

Obama Administration Releases April Housing Scorecard

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Last month, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released its April 2013 edition of the Obama Administration’s Housing Scorecard –...

Mortgage

Benefits of Bi-Weekly Mortgage Payments

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For most people, the mortgage payment is their single biggest expense every month. Depending on your property, your home loan, the amount you put down at closing and what kind...

Mortgage

Steps You Can Take To Get A Great Mortgage Rate

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Lately, it seems like mortgage interest rates have been dominating real estate and home financing news stories. Rates hit record lows not too long ago and while they’ve increased slightly,...

Mortgage

What would it be like without the FHA?

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The Federal Housing Administration, or FHA for short, is a government agency that was created as part of the National Housing Act of 1934. Its purpose was to stimulate homeownership...

Mortgage

Cons of Reverse Mortgages

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Although a reverse mortgage can be a highly beneficial financial choice for many seniors, it isn’t always the best choice for everyone. If you’re considering applying for a reverse mortgage,...

Mortgage

How long will it take to break even on a mortgage refinance?

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Refinancing can be a great way to reduce your monthly mortgage payment, pay your home loan off sooner or consolidate debt. But refinancing doesn’t always make good financial sense for every situation....

Mortgage

How Bankruptcy Affects a Reverse Mortgage

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Filing for bankruptcy is an experience millions of homeowners have to face. In 2012 alone, there were 1,221,091 bankruptcy filings. There were about 13.4 percent more in 2011. Unfortunately, bankruptcy...

Mortgage

Mortgage Application Volume Falls 8.1% in January

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The first few weeks of the new year brought a strong surge of mortgage application activity, but it seems the initial momentum has faded some, as recent reports show mortgage...

Mortgage

HOAs Turn the Tables and Foreclose on Banks

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Don’t get mad, get even! In the Sunshine State, which was hard hit by the 2008 mortgage crisis, many homeowners are taking that philosophy to heart. Considering that within the...