Mortgage Insights

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


Obtain Your First Loan Confidently with This Easy Guide

Nov 14, 2012 - As of August of 2005, there has not been a significant gain in prices as in October 2012. The Zillow Home Value Index showed a 1.1% increase to $155,400 in September and a year-over-year value increase of 4.7%, the greatest increase since 2006.Of the 30 largest metropolitan areas that the index...

Full Story

How to Win a Bidding War

Nov 14, 2012 - With demand for homes on the rise this can also increase the breakout of bidding wars. Bidding wars can be very costly for potential homebuyers, unless they are strategically dealt with. Start with a good defense, protect yourself by remembering your limits and know when to stop, than go in for...

Full Story

A Seller’s Guide to A Successful Short Sale

Nov 14, 2012 - Short sales could become a thing of the past if the Mortgage Forgiveness Debt Relief Act is not extended. This would mean owners trying to sell their homes this way would not be able to afford the income taxes on the difference of the sale price and the amount still owed on their mortgage. There...

Full Story

How to Avoid Ruining Your Mortgage between Pre-Approval and Closing

Nov 14, 2012 - If you have found or are still looking for that dream house, be prepared to find one major thing you will not like. One example of a perfect house with a major flaw is one with a basement that floods in heavy rains. The owners want to sell now and do not want to spend extra money to fix the...

Full Story

Determine Who Is Eligible for a VA Loan

Nov 14, 2012 - Veterans are being offered home loans by the U.S. Department of Veterans Affairs. Many Americans who qualify will benefit greatly from the program. A recently guaranteed, 20 millionth mortgage has shown drastic popularity for these loans. But there are millions of people, who do not know that...

Full Story