Tag: mortgage loans

Will financial reform law make it more difficult for homeowners to get a mortgage?

One of the big complaints from financial analysts and my grouchy neighbors during these tough economic times is that mortgage lenders caused a lot of the country’s current financial problems by passing out mortgage loans to borrowers who didn’t have the financial strength to pay these loans back. Lenders gave out mortgage money to anyone... Read more »

Would you walk away from your mortgage?

I was talking to a friend the other day. He lives in a close-in Chicago suburb, one that has high property taxes. This year, his property taxes jumped significantly, bumping up his mortgage payment by about $400 a month. At the same time, his house is worth less this year than it was last year... Read more »