Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Short Sales: The Best Alternative to Foreclosure

Nov 16, 2012 - Profit level for mortgage lenders was an average of $2,465 during the third quarter, which was an improvement from the previous quarter's average of $2,152. This may be because more consumers are acquiring home loans in the third quarter. Whatever the reason, improvements are all over the...

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How to Pick the Right Homeowner’s Insurance

Nov 16, 2012 - As your largest asset and the longest term investment you will ever own, your house deserves the right amount of coverage. The best way to do this is to sit down with your agent and go through your insurance policy binder to determine if the coverage of each line item is enough. This guide will...

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Fixed Vs. Adjustable: What Is The Best Mortgage Rate

Nov 16, 2012 - While many variations exist within adjustable-rate and fixed-rate mortgages, they are the two main loan types for mortgages that umbrella all others. The trick is choosing the one that best fits in your financial plan.Fixed-Rate MortgagesFixed-rate mortgages means that payments never change,...

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Waiting to Refinance? Here are Four Good Reasons to do It Now

Nov 16, 2012 - With rates still at record lows across the board refinancing does not sound like a bad idea. Sometimes that is all you need to push yourself into refinancing: low rates. Others may need more incentive. This will help you decide whether or not refinancing is right for you and if you can do it...

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Mortgage Delinquency Declines across The Nation for Three Straight Quarters

Nov 16, 2012 - The third quarter of 2012 saw the third consecutive drop in mortgage delinquency rates, according to TransUnion. This means that Americans are getting better at making mortgage payments. This is a welcome sign that reflects a new ability and willingness of Americans to pay their mortgages on...

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