Mortgage debt is good debt. But in the arcane world of credit scoring, even the process of applying for a mortgage can raise red flags on an applicant’s credit report and lower scores. Careful time management, say financial advisers, can help borrowers avoid taking a...
For most prospective investors or residential buyers, the route to a mortgage loan typically begins with a bank or credit union – the tried and true way to finance a property purchase. But as the loan process becomes more complex and buyers with iffy credit remain...
Since the housing collapse of the mid-2000s, housing experts and financial analysts have been on the lookout for signs of a new housing bubble on the horizon. Now, amid news of rising housing prices and shortages of homes for sale, the reappearance of no-interest loan...
Record low mortgage rates may still be dominating the mortgage market, but new changes in FHA financing rules may end up making it more expensive to finance or refinance a property purchase in the coming months. Those changes, spurred by a shortfall in funds for...
Staying out of debt has long been the standard for responsible money management. For generations parents have drummed that into the heads of their irresponsible offspring: pay your bills on time and repay what you owe. But in today’s financial climate, not paying off...
