Blog – Page 718 of 766

07 Nov 2013

Factors To Consider When Applying For A Home Mortgage

Mortgage Tips

Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you? Reputable lenders look at a list of criteria to decide how much they'll loan you. This List Includes: Credit score Existing assets including cash Car leases or loans Credit card balances Debt consolidation loans Home equity loans Installment loans Student loans Other monthly debts Size/source of your down payment If you'd like to get an idea of what you can afford before…

05 Nov 2013

By Mark Feder

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When Should You Shred Your Financial Documents?

Personal Finance

How do you know what happens to your documents when you put a piece of paper in the trash? It can be difficult to know who is seeing it and what they are doing with it. It isn't very common to burn trash anymore; therefore you can be sure that your paper garbage or recycling is likely to pass through several hands on its way to a landfill or recycling center. Step-By-Step, Your Documents Can Get Pilfered Every step that occurs once the trash leaves your control has risk that someone will find personal information they can use to cause you harm.…

04 Nov 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week – November 4, 2013

Housing Analysis

Last week's economic news came from a variety of sources. Most significant was the Fed's Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of MBS and Treasury securities. The FOMC statement announced the committee's intention to closely monitor economic and financial developments "in the coming months," which suggested that the FOMC is taking a wait-and-see position on reducing its $85 billion monthly asset purchases. Mortgage Rates, Jobless Claims Fall The Fed's asset purchase program, also known as quantitative easing, was implanted in 2012 with a…

01 Nov 2013

By Mark Feder

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Recent Government Activity And Its Effect On Mortgage Interest Rates

Mortgage Tips

Mortgage rates typically are tied more to the yields on the 10-year Treasury note more than any other indicator. With the government in flux as the shutdown happened and ended, mortgage rates are also changing. Overall, mortgage rates have decreased because of a lack of confidence in the government's ability to get its finances under control. Although rates spiked in September when the Fed hinted that they would not be purchasing as many bonds, they quickly released an announcement that they would actually be maintaining their current purchasing habits. The Time Is Ripe For Homeowners Since then, mortgage interest rates…