What if closing is delayed and my rate lock expires?

I locked in my refinance mortgage rate almost two months ago. I have provided the lender with everything asked for, yet we won't close in time. My rate lock will expire and mortgage rates have gone up. Do I really have to accept a higher rate?....Read More

How do I get the best deal on a short sale?

I'm shopping for a home and would like to find a real bargain. There are a lot of foreclosure sales, short sales on the market here, but buying them seems very complicated. Is there a secret? Here are some fast facts about short sales to ge....Read More

I'm finally ready to buy my first home. How will the current economy affect my mortgage rates?

That depends on how much cash you're willing to pay up front and how well you've managed your money over the past few years. According to many experts, mortgage lenders have....Read More

Although I've made every mortgage payment on time for the past five years, our whole neighborhood has lost value and I'm upside down on my home loan. What should I do?

In certain cases, you might not have to do anything. If you locked in a solid mortgage rate during a previous period of low interest, keep making your payments. As real estate values normalize over time, you'll eventually regain home equity.....Read More