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News about mortgage:
Mortgage applications increase last week
NEW YORK (Reuters) - Applications for U.S. home mortgages increased last week amid a robust uptick in purchasing and refinancing activity, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity increased 9.4 percent to 781.0, adding to the 0.2 gain in the previous week. "Strong support for home sales has been provided by a recent decline in interest rates, a strong jobs market, and nice weather during the ... : Mortgage applications increase last weekLength of Second Mortgage
Some second mortgage loans may extend for as long as 15 or 20 years; others may require repayment in one year. You will need to discuss the repayment terms with the individual mortgage company and select one that offers terms that best suit your needs. For example, if you need to borrow $20,000 to make repairs on your home, you may not want a loan... : Length of Second Mortgagereverse annuity mortgage (RAM)
an alternative mortgage loan program in which the lender makes periodic payments to the borrower. The loan is secured by the borrower's accumulated equity in the home. This type of loan is usually taken out by an older, retired person who has substantially paid for a home, and now needs additional income to live on. The borrower receives periodic payments from the lender, or from an annuity set up with the proceeds from the loan. The owner continues to... : reverse annuity mortgage (RAM)Mortgage Protection Insurance
Mortgage protection insurance is a great form of insurance to have if you have purchased a home or a vacation property, and if you still owe money on your mortgage. That is because mortgage protection insurance kicks in and pays your mortgage if for any reason you are unable to do so. If you get injured and can’t work to pay the bills, mortgage protection insurance will at least guarantee that you have a roof over your head while you’re recup... : Mortgage Protection InsuranceWait. There's good news on inflation too
Wait. There's good news on inflation too Fed officials say that despite the big rise in oil prices, things seem well in check. April 20, 2005: 10:42 AM EDT NEW YORK (CNN/Money) - As another disturbingly high reading on inflation hits the markets, it will be interesting to see if the Federal Rese... : Wait. There's good news on inflation too
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