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Mortgage News for Thursday - March 17, 2005

More Mortgage News
• US mortgage delinquencies, foreclosures down in '04
• Mortgage rates hit new seven-month high
• China tightens mortgage lending rules to help slow property boom
• Teaser mortgage rates near 0 percent
• Mortgage sales reps licenses proposed
• Buyer Beware Of Some Mortgage Offers
• A simple debt consolidation loan can save $$$
• Real estate speculation can be a risky investment
• Oil's Rise Shows No Sign of Slowing
• Red-hot housing market may cool down soon
Mortgage News
A simple debt consolidation loan can save $$$ - 2005-03-17
Many people contact us when they are 30, 60 and 90 days behind in their mortgage payments. If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out.

A simple debt consolidation loan could be a solution to all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month.
Read the full story at North Texas e-News
 
Real estate speculation can be a risky investment - 2005-03-17
While a National Association of Realtors report earlier this month found that vacation-home and investment-home purchases made up about one-third of all home sales in 2004, the association issued another announcement today stating that survey results suggest most investors didn't buy the homes for a quick profit.
Read the full story at Inman.com
 






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