New Jersey Mortgage Loans, Refinancing, Debt Consolidation and Home Equity Loans News

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• Mortgages, rents hurting budgets  The Age - Jul 05 7:23 AM Soaring petrol prices yet to significantly hurt household budgets, data shows.



• As adjustable rate mortgages reset this summer, foreclosures could peak  Seattle Times - Jul 05 2:16 AM More than 300,000 subprime ARMs are scheduled to reset this summer, raising loan payments for many homeowners. That may create more trouble for the slumping housing market.



• Reverse mortgages aren't based on credit or income but value and longevity  Las Vegas Review-Journal - Jul 05 2:38 AM Q: A while back you had someone ask you about reverse mortgages. I lost the article; therefore, would you please let me know how to attempt the process of getting a reverse mortgage. I will be 62 on Dec. 26 of this year.



• Do your homework on reverse mortgages  NZCity - Jul 04 2:21 PM If youre over 60 and own a house or other property, a reverse mortgage can seem an attractive option to help fund your retirement or pay for a major expense. But make sure you know the full costs and check out all your options before you sign on the dotted line.



• Mortgages: U.S. mortgage rates ease: Freddie Mac  Market Watch - Jul 03 8:06 AM CHICAGO (MarketWatch) -- Mortgage rates reversed direction and fell this week, in part due to expectations that inflation will moderate later this year, Freddie Mac's chief economist said on Thursday.

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