For many, their home is the single-most important purchase they have ever made. A lot of time and effort goes into locating the right property. But, when it comes to finding the best mortgage, why do most people take what is being offered rather than research and secure the best mortgage available for their situation?

Considering that you will pay the bank more in interest over the life of the loan than the home is worth, why wouldn’t you invest the same time and effort in finding a mortgage that will reduce the amount of interest you are  paying, potentially saving you tens of thousands of dollars?

There are various types of mortgages available to home buyers.  Each type has their advantages and disadvantages.  Lenders will offer specific mortgage…

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By:Courtney Crowder

Source:The Des Moines Register

Internet, Internet, on the web, which state is the American-est of them all?

Iowa, of course.

 

A new totally unscientific study by Estately declared lil' ol' us to be the most American of all the 50 states.

Iowa is "where astronauts are born, and where the actual baseball field in the movie 'Field of Dreams' is located," the Estately post read. "It produces the most bacon of any state, and Iowa corn farmers fuel our country's obesity epidemic with sweet, sweet corn syrup."

Estately rated states based on eight factors: 

  • Bald eagles per square mile
  • Olympic gold medals won per capita
  • Native astronauts per capita
  • Fast food restaurants per capita
  • Major League…

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Source: Main Street By: Brian O'Connell

 

 

 

 

 

 

 

 

 

 

 

 NEW YORK (MainStreet) — Good news on housing and the economy: Mortgage delinquencies are down.

Data from credit rating giant TransUnion shows the national mortgage delinquency rate dropped to 2.95% in the first quarter of 2015 — the first time that figure has sunk below the 3% market since the third quarter of 2007, right before the Great Recession hammered us.

It's the 13th consecutive quarterly drop in delinquency rate. Year-to-year, the delinquency rate is down nearly 18% from the first quarter of last year. It's also way down from the market high of 6.94% in 2010.

There's something to cheer about even in the much maligned subprime…

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