Here’s a great article posted on philly.com earlier this week.
By Mark Jewell
AP Personal Finance Writer

BOSTON (AP) – “You have nothing to lose and so much to gain – $103,162!”
Like most recent homebuyers getting such pitches, I haven’t been enticed to pay my mortgage down faster. The gist is that by switching from monthly to biweekly [...]

If you are considering whether or not to take advantage of the home buyer tax credits, here are a few things to know about eligibility requirements: 

First time home buyers may be eligible for up to $8,000.
First time home buyers cannot have owned a residence within the past 36 months.
Current home owners may be eligible for up [...]

Dear Friends,
Over the past year, many of our past clients have contacted us and one of their first comments is that they are glad to know we are still in business. It is no secret that the mortgage business has had a rough ride, but with your help 2009 has been our best year ever! [...]

Nov. 12, 2009 – Last week, President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8,000 for some first-time home buyers, which was due to expire Nov. 30. The law also adds a new tax credit of up to $6,500 for certain repeat home buyers. The [...]

HUD acts to punish Financial Mortgage
Honolulu-based Reverse Mortgage lender misled elderly, agency contends
I read this news piece over the weekend and felt compelled to give you my thoughts on this situation. Reverse Mortgages are a good program for some borrowers, but not all. In addition, I fear that Reverse Mortgages are the primary way that [...]

There are 8 common myths about Reverse Mortgages:

A reverse mortgage sells the home to the lender
Heirs will not inherit the home
The homeowner could get forced out of the home
You could outlive the reverse mortgage
Social Security and Medicare will be affected
The homeowner pays taxes on a reverse mortgage
There are large [...]

We all see commercials and news reports on Reverse Mortgages that often contradict one another. First, understand that there are now state and national initiatives addressing predatory practices on Reverse Mortgages. This is happening because it has the potential to become the latest and greatest way for predatory lenders to make a quick buck. However, keep in mind [...]

Many people are talking about Reverse Mortgages right now, so we thought we’d take the opportunity to explore different aspects of this loan option.
In this article, we’ll review the the basics. A Reverse Mortgage is a low-interest loan for a senior homeowner that uses a home’s equity as collateral. The loan amount is a percentage of the [...]

Have you wondered what the difference is between a lender and a broker, and why you should choose one over the other to support you in financing your home?
 
Here’s an article from the Everett Herald worth the read that objectively describes the roles. At Columbia Funding Mortgage, our brokers ensure that – through pre-planning and [...]

We are in a time when the professions of real estate and mortgage sales is vital to an economic turnaround and vital to the financial security and well being of our clients. Thus, it is important that we keep our clients focused on reality rather than the misinformation that persists in the media and market [...]