Tag Archives: loan

Refinancing Drives Mortgage Activity

Mortgage activity rose last week to the highest level in about two months, mainly from borrowers locking in low mortgage rates by refinancing, the Mortgage Bankers Association said on Wednesday. Nearly three of every four loan requests last week was … Continue reading

Posted in Foreclosures, general, Housing Market News Update, mortgage, New York Real Estate | Tagged , , , , , , , , , | Leave a comment

What is a Subprime Mortgage?

Subprime is all over the news. Find out how this market flared up, why it’s burning out and how it could affect your finances. A subprime mortgage is a type of loan granted to individuals with poor credit histories (often below 600), … Continue reading

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