Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Sunday - October 19, 2003

More Mortgage News
• Mortgage House will increase growth
• Market waits for ANZ to report
• Chargebacks and Fraud Prevention for Merchants
• A dream unfulfilled: Affordable homes elude thousands at Shore
• Open houses refined over years as a real estate sales tool
• Banks Form Loan Program to Assist Downtown Waterloo, Iowa, Firms
• Economists expect no rise for now
• Credit Card Debt Accumulates, as Consumers Live Lifestyles They Can't Afford
• Apartment Rents, Vacancy Rates Firm in San Luis Obispo, Calif.
• Money lessons for kids of any age
• Affordable housing glossary
• Housing funds assists 'real people'
Mortgage News
Affordable housing glossary - 2003-10-19
Here are common terms and their definitions utilized when discussing affordable housing:

BALANCED HOUSING PROGRAM: The New Jersey Department of Community Affairs administers this program, which subsidizes newly constructed or substantially rehabilitated rental or for-sale units with affordable mortgage payments. The program is supported by the Balanced Housing Fund, and its primary funding source is real-estate transfer fees.
Read the full story at Asbury Park Press
 
Housing funds assists 'real people' - 2003-10-19
For six decades, home sweet home to Pedro and Juanita Acosta was the "concrete and bricks" of apartment life in New York City suburbs. They held blue-collar jobs their entire adult lives to pay the rent and raise three children.

Now, they spend less on monthly mortgage payments than they did on rent. For a home that is all their own after 43 years of marriage. For a place Juanita, 62, fills with her numerous little trinkets and dolls. For a yard Pedro, 64, adorns with a vegetable garden and flowers.
Read the full story at St. Petersburg Times
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER