Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Sunday - January 23, 2005

More Mortgage News
• Mortgage fraud is growing, FBI says
• Mortgage rates continue mysterious fall
• Mortgage giant separates office of chairman from CEO
• Compare costs involved in obtaining a mortgage
• Builder bubble not in trouble
• Low rates boost 2004 home sales
• Pay off mortgage loan and forget tax deductions
• Inflated appraisals a threat to homeowners
Mortgage News
Pay off mortgage loan and forget tax deductions - 2005-01-23
Q: I am a 57-year-old single man, and I would like to retire at age 60. I am considering paying off my home. The home is worth approximately $325,000, and I owe about $70,000 on it. I purchased the home 25 years ago for $69,000.

Should I pay off the house, or continue to pay the mortgage and save as I have been?
Read the full story at The Sacramento Bee
 
Inflated appraisals a threat to homeowners - 2005-01-23
Think you know how much your home is worth? You may want to be sure before you obtain a new loan or pack on more debt with a line of credit.

Many consumers purchasing a new home or refinancing an existing mortgage are not aware, or don't care, how the loan process works. They're more concerned about getting the loan. The appraisal is one of the most important steps in the loan process.
Read the full story at The Charlotte Observer
 






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