Home prices drop as foreclosure rates soar

Home price index reports home prices down nationally by the largest margin since 28008, partially due to increased number of foreclosures.
House in foreclosure

Applying for loans can cause credit score drops

The point of having a good credit score is to get approved for loans with good rates. However, applying for a loan will ding a credit score.
Image of a persons' credit report

New mortgage shopping sheet attempts to simplify and clarify

The CFPB today offers two prototypes of a new disclosure form for mortgage borrowing in an attempt to clarify the process for consumers.
glasses resting on mortgage application

How Can Your Credit Score Be Saved With Something As Simple As A Payday Loan?

Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.

CFPB to make simpler mortgage disclosure forms a priority

The Consumer Financial Protection Bureau reportedly will place high priority upon simplifying mortgage disclosure forms for homebuyers.
A nonplussed man suffers the existential agony of dealing with mortgage and other financial papers.

Consumers opting to pay credit cards over mortgages

Underwater mortgages have encouraged consumers to pay credit cards instead, according to a recent study by the TransUnion credit bureau.
A man poring over his bills contemplates a Post-It note that reads “Pay off credit cards!”

Bank of America to stop offering reverse mortgages

After only four years, Bank of America is shuttering its reverse mortgage business in favor of "going other directions," says the company.
Bank of America

Facts About Installment Loans Everyone Should Know Before Applying Online

Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.
Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.

Maryland mortgage broker pleads guilty to loan fraud

A former mortgage broker in Maryland has admitted that for several years, he turned legitimate mortgage applications into fraudulent money.
Mortgage loans

Mortgages becoming very low interest loans

Mortgage rates are lower than they ever have been. Mortgages are becoming some seriously low interest loans, if you can access the credit.
Davis Mansion

Federal Housing Administration plans mortgage rate increases

The rate on Federal Housing Administration loans is set to go up - though payments will not increase by much. READ ON...
For sale

How To Get A Cash Advance Without Providing Collateral or Submitting To A Credit Check

Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.
Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.

Mortgage loan officers subject to new lending regulations

In New York state, being a mortgage officer now requires a license. But there are debates on whether the licensing requirements are enough.
Paperwork

Market signs force people to watch mortgage and personal loans

An economic downturn is forcing consumers to watch their personal loans, mortgage loans and credit card accounts vigilantly. READ MORE >>>>>
Businesses are watching market signs closely, making strict decisions on mortgages and personal loans.

Survival Tips for Two-Income Households

Couples in two-income households often find themselves bickering over money. These tips can help cut down the strife of competing paychecks.

How Personal Loans Online Can Prevent Your FICO Credit Score From Going Down

Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.
Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.

People with Unsecured Loans Have Options While Students Do Not

People with mortgage, credit card and unsecured loans have negotiation options, but those with student loans don't. READ MORE ...
a disgruntled looking young man sitting behind a stack of text books

Lowering the Prepayment Penalty can create Emergency Money

Negotiating a prepayment penalty can be a viable option for consumers looking to find emergency money.

Understanding the Home Buying Process

Buying a home is a journey, and it's important to understand what you'll be facing before you get started. Read on to learn more about the home buying process.

How To Use Short Term Loans To Get Through a Budget Crisis Wisely

Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.
Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.

Mortgage, Auto and Personal Loans Depend on Good Credit

Anyone looking for mortgage, auto or personal loans today needs to keep a sharp eye on their credit score.

Six Tips for Getting Your First Mortgage

Applying for your first mortgage can be a stressful experience. Here are some tips to help make the process a little easier…