Interest Rates Content Index - Page 6

Unemployment and foreclosure may be more directly linked according to the Midyear report released by RealtyTrac. While Sunbelt states like California, Florida, Nevada and Arizona dominate the foreclosure landscape, other states that are facing high levels of unemployment are showing above average levers of unemployment. According to RealtyTrac, growing unemployment may have more of an effect on foreclosures than lasting effects from subprime loans.

In a new twist on the Nigerian email scam, online rental ads are soliciting potential renters to wire money for several months rent, in exchange for super low rent rates. A scam alert from the FBI warns against the latest Nigerian scam. Online rentals found through sites like Craigslist are attracting this new Nigerian scam. The FBI warns renters searching for apartments and rentals to be wary of anyone asking for personal information, or who isn't local.

The Obama Making Home Affordable Plan can only be used right now for refinancing of mortgages on primary residences. If you are struggling with the mortgage on a vacation home or investment property and want to refinance, the home mortgage will not qualify for the Obama Making Home Affordable plan. You may be able to refinance your first home to take out equity on your first mortgage or primary residence to help with the mortgage on your vacation home.

Under what circumstances do you have to repay the $8,000 first time home buyer tax credit? If you bought your first home in 2008, you may have qualified for the $7,500 first time home buyer tax credit that has to be repair in equal $500 installments. But if you bought your home in 2009, you don't have to repay the $8,000 first time home buyer tax credit except in certain circumstances. Here are the rules for knowing when you have to repay the tax credit, so you don't run afoul of IRS rules.

Today on the Ilyce Glink Show, Ilyce talked with Ed Delgado, a Senior Vice President of Wells Fargo, Stacey Bradford, a blogger for MoneyWatch.com and author of the new book, the Wall Street Journal Financial Guidebook for New Parents, and John Wasik, Bloomberg Columnist and author of the new book, The Cul-de-Sac Syndrome.

If you own a property and use a quit claim deed and later record that quit claim deed transfering title to someone while you're alive, how does that affect the terms of your will after you're dead? Does using and recording a quit claim deed before you die nullify the terms of your will? A reader finds herself in the situation where her elderly mother used a quit claim deed to deed her house to another daughter and grandchild.

Home sellers are up in arms. Mortgage rates are at 40 to 50 year lows, but lenders are telling them they cannot refinance if their homes are listed for sale or if they listed the property for sale within six months. That listing will cause a refinance problem with lenders. What's the best advice to tell homeowners in this situation if they would like to refinance their mortgage?

Person-to-person lending, or p2p lending, is becoming a popular way to finance loans. As people are having trouble with traditional banking institutions they are turning to online p2p lending as an alternative for personal loans and college loans. Borrowers and lenders alike are using p2p lending for a variety of loans. In "The Complete Idiot's Guide to Person-to-Person Lending" the newest trend of small personal loans is explained in an easy to read and understandable fashion.

A quit claim deed is a great document to use when you just want to get rid of a property and don't care about the consequences. When people own a valuable home, using a quit claim deed isn't usually the right thing to do. In this question, a reader wants to know whether a quit claim deed is the right way to transfer her partner's ownership interest in a property.

Jumbo mortgage loans used to be much easier to get. Today, it's a lot harder to qualify for a jumbo mortgage. One factor that still influences your ability to get a jumbo loan is a good credit history and a credit score well into the 700s. You can expect to pay higher fees for a jumbo mortgage, as well as a higher interest rate. Closing on a jumbo mortgage ight also require additional time and documentation.