Ty Wright | Bloomberg | Getty Images Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Mortgage demand continued to weaken, with homebuyers retreating the most last week. Overall mortgage application volume fell 2.5 percent last week […]

According to data from the Federal Bureau of Consumer Financial Protection , about one out of every nine loan applications to buy a new house (10.8%) and more than one in every four loan applications to refinance a home were denied in 2018. There are lots of reasons someone may […]

The Right of Possession The Right of Possession The Right of Possession of House The right of possession is a fundamental guarantee that you have the right to hold title to a property. You can, however, lose this right under certain circumstances. For example, if you fail to pay property […]

Mortgage and home sales news from LAnews today Sales fell in all six Southern California counties last month compared with a year earlier, ranging from a 13.5% drop in Ventura County to a 26% decline in Orange County. Still, there was enough demand to send prices a bit higher in […]

A very interesting article about financial stability by brookings.edu How leveraged are American homeowners? A lot less than they were a few years ago as house prices have rebounded. Measuring mortgage debt against home values, leverage is at what the Fed describes as “the moderate level seen in the relatively […]

The mortgage nightmare has become somewhat of a poster child for the benefits of omnichannel banking — being able to switch among various channels to pick up with incomplete applications. The bank’s streamlined, user-friendly digital mortgage application delivers a smoother process to consumers who crave time savings. Moving is one […]

Hanley Economic Building Society has moved into the retirement interest-only (RIO) mortgage space to support borrowers and intermediaries in their later life lending requirements. The society is offering two products for house purchase and remortgage purposes. The first being a 3.49% variable discount at a maximum LTV of 50% and […]

Mortgage-free retirement is usually best Mortgage interest is technically tax deductible, but taxpayers must itemize to get the break – and fewer will, now that Congress has nearly doubled the standard deduction. Congress’ Joint Committee on Taxation estimates 13.8 million households will benefit from the mortgage interest deduction this year, […]

Q: My parents recently passed away and I inherited close to $500,000. I am 24 years old working as an engineer-in-training in Toronto with an annual salary of $65,000. My student loans are paid off and I carry no credit card debt. I currently live off my own salary with […]

Your house isn’t a piggy bank, so don’t use your home equity to pay off credit card debts. Dear Liz: My ex-husband is a self-employed carpenter who just turned 64. He’s gotten a bit over his head with his credit cards. He tried for a home equity loan since he […]