Renting

Renters Insurance Required: A Win-Win for Apartment Owners & Tenants

Why are more property owners requiring renters insurance? The truth is it’s a mutually beneficial necessity.

Don’t Choose a Mortgage Lender for Their Sales Gimmick

As competition heats up, banks and lenders will likely ramp up efforts to get their hands on your mortgage, using all types of pitches and gimmicks to separate themselves from the crowd. But mortgages aren’t cool or exciting, so any funky stuff they come up with to sell you a mortgage is probably just a [&hellip

The post Don’t Choose a Mortgage Lender for Their Sales Gimmick first appeared on The Truth About Mortgage.

Curbio Review: Renovate Today, Pay When You Sell

A startup named Curbio wants to help homeowners sell for more by improving their properties before they go to market. The twist is that the homeowner doesn’t have to pay for the renovations until settlement, meaning cash on hand isn’t an issue. The Problem Curbio Wants to Solve Say you want to sell your home, [&hellip

The post Curbio Review: Renovate Today, Pay When You Sell first appeared on The Truth About Mortgage.

Watch Out for the Adjustable-Rate Mortgage Pitch

Over the past couple weeks, mortgage rates have risen roughly 1% across the board. If you look at Wells Fargo’s mortgage rates, which I highlighted late last week due to their meteoric rise, you’ll notice the 30-year fixed is now pricing at 4.875%, up from 4% about 10 days ago. Consider the fact that back [&hellip

The post Watch Out for the Adjustable-Rate Mortgage Pitch first appeared on The Truth About Mortgage.

I’ve Been Offered the Opportunity to Skip Two Mortgage Payments

So I received an unmarked piece of mail the other day, and whenever that happens, I know it’s going to contain some kind of nonsense. Upon opening the letter, which I could have easily just thrown away, I discovered that it was a mortgage solicitation. Fun! More specifically, it was a refinance offer from a [&hellip

The post I’ve Been Offered the Opportunity to Skip Two Mortgage Payments first appeared on The Truth About Mortgage.

Freddie Chief Economist ‘Pretty Certain’ 30-Year Fixed Mortgage Rates Will Hit 5% by Mid-2014

During the latest radio interview with Real Estate Today Radio, Freddie Mac Vice President and Chief Economist Frank Nothaft weighed in on the direction of mortgage rates, as he normally does for his own company. While he typically speaks about rates in the past tense, host Gil Gross pressed him to make a prediction about [&hellip

The post Freddie Chief Economist ‘Pretty Certain’ 30-Year Fixed Mortgage Rates Will Hit 5% by Mid-2014 first appeared on The Truth About Mortgage.

Demystifying How Mortgages Are Calculated

The Importance of Knowing How to Calculate a Mortgage While there are plenty of mortgage calculators out there that do all the heavy lifting for you It can actually be helpful to know the math behind it You’ll probably better understand the implications of paying extra/early or the impact of a lower interest rate And [&hellip

The post Demystifying How Mortgages Are Calculated first appeared on The Truth About Mortgage.

The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous

Everyone’s heard of the Priceline Negotiator, but what about LendingTree Mortgage Negotiator? I hadn’t heard about it until last week, when a commercial popped up on my television pitching the new system. I love scrutinizing mortgage companies and their products because they’re often full of hot air. When it comes down to it, mortgages just [&hellip

The post The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous first appeared on The Truth About Mortgage.

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments are generally due on the first of the month, every month, until the loan reaches [&hellip

The post Mortgage Due Dates 101 first appeared on The Truth About Mortgage.

Mortgage Lending Surged 38% in 2012 on Refinance Strength

Last year was a great year to be a loan originator. Next year probably not so much. This year, we’ll see. In 2012, residential mortgage lending increased by an impressive 38%, compared to volume seen a year earlier, according to Home Mortgage Disclosure Act (HMDA) data released today by the FFIEC. The agency said it [&hellip

The post Mortgage Lending Surged 38% in 2012 on Refinance Strength first appeared on The Truth About Mortgage.