My sister is always on the look out for mortgage news and currently it seems there is problems with the mortgage banking industry where financial backers have stopped financing mortgage lenders due to a stagnant property market and rise in mortgage rates.
It is scary to think what will happen to home owners with a mortgage, should lenders not able to find new financial backers.
My sister told me that she is able to get the latest updates on mortgages and industry news from Mortgage Lowdown, a mortgage resource blog with news and tips. She said that she found the article on tips on how to avoid mortgage loan problems and to pay off the mortgage loan faster very useful since she is bogged down with a thirty year mortgage loan.
I find the articles informative and insightful. They are well thought out and well written and most importantly, written in simple, easy to understand language for laymen who are not in the industry and know nothing about industry terms and jargon.
I think that people who have a mortage loan or are thinking of getting one should do well in reading this blog first. It is a wealth of information on all things mortgage.
It is scary to think what will happen to home owners with a mortgage, should lenders not able to find new financial backers.
My sister told me that she is able to get the latest updates on mortgages and industry news from Mortgage Lowdown, a mortgage resource blog with news and tips. She said that she found the article on tips on how to avoid mortgage loan problems and to pay off the mortgage loan faster very useful since she is bogged down with a thirty year mortgage loan.
I find the articles informative and insightful. They are well thought out and well written and most importantly, written in simple, easy to understand language for laymen who are not in the industry and know nothing about industry terms and jargon.
I think that people who have a mortage loan or are thinking of getting one should do well in reading this blog first. It is a wealth of information on all things mortgage.
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