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Mortgages: The difference between good debt vs bad debt.

22 May 2017

Not all debt is the same.There's a difference between good debt and bad debt, and few types of consumer debt are as beneficial as a mortgage.

Tags: debt, mortgage

College Graduates: Debt Management 101

16 July 2016

If the real world has you feeling pressured to make ends meet, you're not alone.The average college graduate has approximately $2,000 of credit card debt and almost $20,000 of student debt.

Tags: student, debt

5 Tips for Buying a Home When You Have Student Loan Debt

3 May 2016

With $28,000 in student loan debt when he graduated from college last spring, Patrick O'Keefe took a step that not many students would take when looking to get out of debt: He signed up for a 30-year mortgage to buy a house.

Tags: personal finance, debt

Getting an FHA Mortgage When You Have Student Loan Debt

3 November 2015

A mortgage loan from the Federal Housing Administration - often the first financing source for young, first-time homebuyers and other underserved buyers- can offer some of the lowest down payments, closing costs and easy credit qualifying among lenders.Recent college graduates, however, may not find FHA mortgages[https://www.mortgageloan.

Tags: debt, student

Getting a Mortgage with Student Loan Debt

31 August 2015

You've earned your degree, nabbed your first job and are now ready to buy your starter home.But there's one problem: You're saddled with tens of thousands of dollars of student-loan debt[https://www.mortgageloan.com/5-tips-buying-home-when-you-have-student-loan-debt-9459].

Tags: student, debt

The 5 Main Reasons Mortgage Applications Are Declined

20 July 2015

You're ready to apply for a mortgage loan.But you're worried that your credit score[https://www.mortgageloan.com/can-you-still-get-mortgage-bad-credit] might be too low to qualify.

Tags: debt, bad credit

Selling Soon: Pay Down Mortgage or Save Your Cash?

25 May 2015

It's not an easy decision: You plan to sell your home in the near future and buy a new one a few years from now.You have extra money coming in each month.

Tags: debt, mortgage

Do a New Year’s Mortgage Check-up

6 January 2015

A new year has arrived, and with it a fresh crop of New Year's resolutions.

Tags: refinance, debt

Foreclosure May Not Cancel Your Debt

24 November 2014

You fell behind on your mortgage payments and lost your home to foreclosure.That's the end of this financial nightmare, right? Not quite: Something called a deficiency judgment could come back and haunt you.

Tags: debt, regulations

Getting a Mortgage With No Credit History

10 November 2014

Can you qualify for a mortgage loan if you don't have a long enough credit history to even have your own three-digit credit score? Probably not.But there is hope, if you're patient and diligent enough to steadily build a credit history from scratch.

Tags: bad credit, debt

Tax News and Advice

19 October 2014

Important tax news related to your mortgage loan - Read what deductions you are allowed to take.

Tags: debt, regulations

Student Debt Blamed for 8% Loss of Home Sales

24 September 2014

Just how much of a burden is student loan debt on potential first-time homebuyers? Enough to put an 8 percent dent in total 2014 home sales, according to a new study.

Tags: student, debt

Why Aren't Young People Buying Homes?

10 September 2014

Are younger adults turning away from the very idea of home ownership? Not necessarily, according to a recent study by the New York Federal Reserve.

Tags: mortgage news, debt

Worried About Paying the Mortgage?

2 September 2014

Does the thought of paying your mortgage bill each month keep you awake at night? Do you toss and turn worrying about whether you'll have enough money to send to the electric company this month?.

Tags: debt, personal finance

9 Homeowner Tax Deductions

21 March 2014

Spring may be slow in coming this year, but tax season always arrives right on schedule.Of course, home ownership has its own tax implications.

Tags: debt, real estate

Congress Fails to Renew Tax Break

26 December 2013

Mortgage borrowers who lose their homes to foreclosure or face financial difficulties due to being underwater on their loan could face another hit in 2014 - a big tax bill.

Tags: mortgage news, debt

Mortgage Debt Relief Set to Expire

3 December 2013

Homeowners whose mortgage debt is reduced through a loan modification or short sale could get hit with a tax bill if Congress doesn't act to extend a special exemption due to expire at the end of the year.

Tags: mortgage news, personal finance

Mortgages Dominate CFPB Complaints

1 April 2013

Mortgages accounted for nearly half of the complaints received by the Consumer Financial Protection Agency (CFPB) in its first year-and-a-half of operation, the agency has reported.

Tags: mortgage news, mortgage

Banks Tackling More Foreclosures

28 March 2013

The number of homes in foreclosure is on the rise but that doesn't mean more homeowners are falling into financial difficulty, according to figures released today by the foreclosure tracking firm RealtyTrac.

Tags: mortgage news, debt

Banks Tackle Foreclosure Backlog

15 September 2011

Newly initiated foreclosures jumped by one-third in August, a sign that banks may be stepping up efforts to clear out a backlog of seriously delinquent mortgages.

Tags: mortgage news, debt

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