The federal national mortgage association, better known as Fannie Mae, is an integral part of the mortgage industry. Here’s an overview on Fannie Mae and what it does. Fannie Mae – Providing A Little Help Throughout the history of the United States, federal and state governments have used financial programs to modify our behavior. While it sounds draconian, it is…
Tag: Mortgages
Should You Consider A Reverse Mortgage
Your home is probably the most expensive thing that you own. The equity in your home represents a valuable investment that represents security in your future. When you own your home, you have many options for tapping into the equity of your home to take care of your financial needs. Many homeowners choose to refinance their mortgages when interest rates…
Best Mortgage Deal Uk Put Your Best Foot Forward
As a borrower for mortgage in UK it is your right to find the best finance deal available. Is that a challenge? Not if you know where to look and what to look at while contemplating mortgage. You have to follow a strategy in order to get best mortgage deal in UK. The constant lowering of the mortgage interest rates…
Avoiding A Downpayment With 80 20 Mortgages
Getting together enough money for a downpayment can be rather difficult for many people these days. It often takes many years to be able to get enough. Now, though, there is a way that you can get the finances for your home even without a downpayment of any kind. Here are some tips and information about 80/20 mortgages. The main…
What Is A Current Account Mortgage
Current account mortgages are a type of flexible mortgage and they have been around for well over 10 years in the UK. Current account mortgages work by combining your mortgage and current account into a single account. For example, if there is What’s your Reaction? Love Love 0 Smile Smile 0 Haha Haha 0 Sad Sad 0 Star Star 0…
A Brief History Of Buy To Let Mortgages
Evolution of the Buy-to-Let Market Investing in property is a relatively new phenomenon in the UK. Prior to 1990 rental properties were dominated by the Government. The private rented sector only began to emerge once the Government changed its housing policy in the 1980s and mortgage lenders began to introduce specialist buy-to-let mortgages. During the post-war period of 1945 to…
Choosing From A Mortgage Medley
What do you do if you are looking to buy a house? You sift through a series of mortgage loans. What is the best kind of mortgage loan? That would be based on how much you are intending to borrow and on the rate of interest that you would be able to afford. Generally speaking, the greater the period of…
Fed Hikes Interest Rates Again
On November 1, 2005, the Federal Reserve Bank [Fed] raised interest rates one quarter of a percentage point. Since Summer 2004, outgoing Fed Chairman Alan Greenspan has been raising interest rates on a regular basis since hitting its low point of just 1%. Now at 4%, Greenspan is expected to raise rates two more times before exiting office in January…
Adverse Credit Mortgages Real Estate Borrowing With Discordant Credit
How far can you go to get the right thing? You would not mind making an extra effort in order to get it. Same is true with mortgages. And especially with mortgage for adverse credit. It takes time and patience to get the right one. Adverse credit mortgages are meant for those mortgage people who are struggling with the aftermaths…
Re Mortgaging Look Into It
Are you paying more than you need for your mortgage? If you’ve had a mortgage for a few years, do you know even what your interest rate is? Once the initial mortgage deal is done, you tend to forget about it. The payment goes out of your account with alarming regularity. If you’re on your lender’s standard variable rate, there’s…