dcsimg

Recent Mortgage Articles

Posted on February 13   By MLP Blog
For years adjustable rate mortgages (ARM's) have been the preferred loan for both lenders and borrowers with less than perfect credit or low-moderate income. The interest rates on ARM’s change after a few years sometimes more than once, getting higher. Many of the interest rates on these loans have recently been reset or will be in the near future, making it difficult for many to make their monthly payments. Over the past year this has caused a backlash to predatory loans, like ARM&rsqu.... Read More...
Posted on February 13   By MLP Blog
A Democratic New York legislator is working on closing a loophole in the tax code that continues to penalize borrowers. In a strange twist of legislative folly, a provision of the U.S. tax code winds up putting struggling homeowners under more pressure. Typically, homeowners unable to meet their mortgage payments broker some sort of a deal with their lenders, who generally agree to take a lesser sum given the circumstances. The problem, under Section 108 of the code, is that this unpaid mo.... Read More...
Posted on February 13   By MLP Blog
We receive hundreds of questions regarding FHA Loans and FHA Refinances each week in our Ask the Expert section. With home financing through the FHA becoming more and more popular once again, our specialists are here to answer any questions you may have about them. Please browse through all of our current Q and A's to see if we haven't already posted a solution to your problem. If it's not there, submit a new question! We're more than happy to offer up expert advice on your situation. Our d.... Read More...
Posted on February 13   By MLP Blog
The Office of Federal Housing Enterprise Oversight, or OFHEO, recently announced that the conforming loan limit for a FHA loan would not be reduced for 2008. This is excellent news for the FHA loan community and potential borrowers. Some in the industry speculated that the decreased home prices due to the hit the housing market took would result in the conforming loan limit being reduced from $417,000. For most of the country lowering this limit would not make much of a difference in their abil.... Read More...
Posted on February 13   By MLP Blog
Small Business (SBA) Loans have been a fixture of the American landscape for over 50 years now. Thanks to the government-sponsored SBA, countless Americans have been given the opportunity to launch their business ideas with appropriate funding. The SBA has numerous programs that are catered to help find a solution for just about every type of business and every type of financial situation. If you've been thinking about launching a business and working for yourself, take a moment and browse thr.... Read More...
Posted on February 13   By MLP Blog
Thankfully, mainstream media outlets continue to give ink and air time to the growing subprime crisis. We've been talking about it for months here at Mortgage Loan Place, striving to keep people informed and up to date regarding a fiscal calamity that has shook every corner of the American economy. As part of its extended examination of the subprime disaster, the New York Times recently published a story that delves into how subprime mortgages became a lucrative staple for the nation's largest h.... Read More...
Posted on February 13   By MLP Blog
As many have probably already seen, HR 1852 made it through the House of Representatives on Tuesday (9/18/07) by a vote of 348-72. Optimism abounds as the push for a revamped FHA moves towards Senate committee consideration in the coming weeks. We've discussed FHA Modernization at length here on MLP over the past 6 months. For a quick snapshot of what the legislation passed in the House calls for, here’s a quote from MortgageDaily.com: The legislation, formally H.B. 1852, The Expanding .... Read More...
Posted on February 13   By MLP Blog
While he remains optimistic about the American economy, despite the fall of the dollar, the country's top economist warned this week that the continuing subprime crisis is likely to get worse in the near future. The Federal Reserve this week cut interest rates by half a percent to help homeowners grappling with the subprime fallout. In his first public address since the rate slash, chairman Benjamin Bernanke managed to keep his optimism in check. "The market for subprime mortgages has adjusted s.... Read More...
Get Mortgage Loan Quotes Now
  • Free Quotes
  • No Hidden Fees
  • No Obligations
  • Refinance
  • New Home Loan
  • Home Equity
  • Debt Consolidation
  • FHA Loan Orientation Guide
  • FHA Loan Orientation Guide

    Use our FHA Guide to find answers to all questions related to FHA loan.

    Click here to Download

Compare Mortgage Rates