Smart Borrower Blog

Archive for August, 2007

Using APRs to Evaluate Mortgages

Aug 15th, 2007 @ 10:39 AM by MortgageMentor

One of the tools consumers have at their disposal to evaluate competing mortgage offers is the annual percentage rate or APR calculation. The APR is a recalculation of the interest rate factoring in all of the cost associated with a particular loan. Using an APR is valuable because it puts a numerical value on the […]

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You and Your Adjustable Rate Mortgage

Aug 13th, 2007 @ 10:05 AM by MortgageMentor

If you happen to be one of the millions of Americans who refinanced their homes over the past 5 years there is a good chance that you chose an adjustable rate mortgage for your home financing needs. Who could blame you? With historically low rates these short-term loans offered monthly payments that were hundreds of […]

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Home Loans – Looking More Closely at the Market

Aug 12th, 2007 @ 8:32 AM by Alden Smith

When asked to contribute to the Loan.c blog, I felt that my biggest contribution could be in reporting the news on mortgages and loans. Not being an expert in the field like Morgan Brown or Russ Martin, I felt this would be the best way for me to contribute. Morgan, Russ and our editor Lauren […]

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Mortgage Market – Why are Investors Anxious?

Aug 11th, 2007 @ 7:08 AM by Alden Smith

The market, shaky at best, closed up for the week, with the Dow Jones closing down 31.14, but up 0.4% for the week. The S&P 500 and NASDAQ also closed up for the week. Investors, anxious because of the mortgage market, are making the market volatile by the signs of trouble that are tied to […]

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Mortgage Concerns Trouble US Market

Aug 10th, 2007 @ 9:37 AM by Alden Smith

The sub prime market is taking a huge bite out of the world’s finances. Sub-prime loans are loans that are made to people with less than perfect credit scores. World-wide, this trend has put a lot of investors in deep trouble. This trend will not only hurt the world market, but will make it even […]

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Recent Program Changes Require Careful Consideration

Aug 9th, 2007 @ 12:18 AM by MortgageMentor

In the continuing wake of the mortgage market shakeout lenders left standing continue to make significant changes to the loan products available for home owners and home buyers. It has become a full time job just to keep up with the daily changes made by banks as they try to find profitable loan products. What […]

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Is My Loan OK?

Aug 5th, 2007 @ 9:19 AM by MortgageMentor

If you’ve seen Jim Cramer on CNBC, or read the financial section of your local newspaper this weekend you’ve heard about the tectonic changes occurring in lending. The big news of the week was the revelation that American Home Mortgage was closing its doors; leaving approximately $750 million worth of loans in a lurch. These […]

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Facing Foreclosure? Get the Facts and Take Action!

Aug 1st, 2007 @ 2:52 PM by MortgageMentor

Studies on foreclosure reveal that nearly half of all people who succumb to foreclosure never speak with their lender about financial problems keeping them from making mortgage payments. The result? Thousands of foreclosures that could have been avoided through different options available to home owners. Now NeighborWorks America is teaming up with many of the […]

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