In October, Fred Watt, the director of the FHFA, announced that he plans to allow 3% down payment mortgages for the many financial institutions that Fannie and Freddie guarantee. He states that his intention is to include more minorities and people who had their savings wiped out by the Great Recession re-enter the housing market. This comes at a time […]
Vero Beach Home Equity Loans Double
Vero Beach home equity loans have nearly doubled this year, partly due to the continuous increase in the price of homes. The rise in home values has pulled more and more borrowers out from underwater. While the share of borrowers that cashed-out some Vero Beach home equity has increased considerably over the past year, the refinance volume has also fallen […]
Fewer Vero Beach Underwater Properties
The RealtyTrac U.S. Home Equity and Underwater Report for the third quarter of 2014 released recently shows there were fewer Vero Beach underwater properties. 8.1 million U.S. residential properties were still seriously underwater—where the combined loan amount secured by the property is at least 25 percent higher than the property's estimated market value—representing 15 percent of all properties with a […]
Free Credit Score: Help or Hindrance?
Knowing your credit score is important. But with the sheer number of different credit score systems out there, are any of them really doing you any good, or are they just a big hindrance? . To get more tips on Vero Beach mortgage information, including more articles about your credit score and the various ways to improve yours, check out […]
Vero Beach Home Equity Loans Rising
Vero Beach home equity is rising once again. Home gains over the past two years have restored a lot of money to most homeowner's available fund balance through the value in their home versus what they owe on it. As a result, more and more Vero Beach homeowners are taking out HELOC's (Home Equity Lines of Credit) again. Through July, […]