FHA Back to Work Program: Real Life Success Stories
Editor’s Note: The FHA Back-to-Work Program expired Oct. 1, 2016. If you’ve experienced a foreclosure, short sale, or deed-in-lieu of foreclosure with extenuating circumstances, then you may be…
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Lee Nelson
Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, TheMortgageReports.com, and more.
Articles by Lee Nelson
Refinance Rates So Low Many Homeowners Can’t Resist Drastically Lower Payments
Clients are still walking into Ed Conarchy’s office with mortgage rates they got a few years ago at 6.5 percent, 7.75 percent and higher. They finally found the…
Are Discount Points Worth It in Today’s Mortgage Market?
Everyone wants the lowest interest they can get for a mortgage. But are you willing to pay to lower that rate with a lump sum in the beginning…
HARP 3: Experts Weigh In on When New HARP Program will Happen
HARP (Home Affordable Refinance Program) started in 2009 as a government-sponsored program for homeowners to refinance from their high-interest rates, underwater mortgages and declining home values. HARP 2…
5 Mistakes to Avoid when Applying for a Mortgage
It’s not done until it’s done. Every good loan officer will tell you that when you are in the process of getting a mortgage, and you haven’t closed…
Buying is 38% Cheaper than Renting, but Renters Hesitant. Is it a Good Time to Buy?
Do you dream of owning that perfect little house with a white picket fence and front porch in suburbia, or a quintessential log cabin in the mountains, or…
Buying a Home: When to Buy and When to Wait
Cash is king. That’s what John Chladek teaches his MBA students during his personal finance course at Rockhurst University’s Helzberg School of Management in Kansas City, Mo. If…
10-Year and 15-Year Mortgage Rates offer Great Savings if you Plan Ahead
If everything is in place financially for you now and in the future, and you have the option to get a 10- or 15-year fixed mortgage, experts say…
When’s a Good Time to get a Second Mortgage?
You have wanted to remodel your basement since you bought the house 10 years ago. Your family is growing, and you need to get rid of the 1970s…
You Won’t Believe These True Refinance Miracle Stories
From saving their homes to keeping an extra $1,000 per month in their pockets, these homeowners are now believers in the power of refinancing. by Lee Nelson Owning…