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Mortgage fraud has been on a steady rise in recent times and the Financial Services Authority (FSA) is currently looking into 200 scams that were all related to the mortgage industry.The FSA believe that the fraud goes far beyond people exaggerating about their salaries in order to get the house they want, they believe that there are organised rings within the mortgage industry that are gaining huge profits from defrauding the mortgage and property industry.The FSA are estimating that the...

Mortgage rates have been all over the place this year, but recently have gone up. Homeowners who are able to refinance or modify their home loan when interest rates are lowest, stand to save the most money. Here are my mortgage rate predictions for 2009, and how I came to them:Although still considered low, right now mortgage rates for a typical 30 year fixed rate mortgage are around 5.19%. This is a little higher than earlier in the year when mortgage rates were 4.69% for the same loan....

100% mortgage, as the name suggests is a type of home loan where the lender is responsible for paying all the borrower's closing costs and loans up to 100% of the value of the home that you want to buy. The 100% mortgage is a type of non-conforming loan as you don't need to invest any money against the buying price. However such type of a loan is quite risky for the lender in terms of underwriting the amount. Hence you will have to pay a higher interest rate in this type of loan. However the...