Current Loan News & Information

Escrow Accounts: Protect Your Investment from Bank Error

Buying a house means more than just taking out a mortgage and making monthly principal and interest payments. Many lenders also require borrowers to pay additional monies each year to cover property taxes, homeowners insurance and similar auxiliary expenses. A percentage of the annual cost of these expenses is added to the monthly mortgage payment
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Top 5 Reasons to Stay Out of Foreclosure

When the Great Recession hit the United States in 2008, the primary reason given for the financial collapse was bad mortgages. The biggest culprits were the sub prime mortgages given to people who, in reality, could not afford the homes they were buying. Another problem that led to financial collapse was the artificial inflation of
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