Somerset Mortgage Rates and Information Online from competing Lenders

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Credit crunch hits home - Weston Mercury
THE CREDIT crunch has seen North Somerset unemployment rise by almost half and house repossession claims soar by nearly a quarter in just one year. Last year more than 500 people lost their jobs across the district, bringing the total number of ...

Plan could ease affordable-housing pain - Atlantic City Press
TRENTON - A prominent Union County lawmaker said he planned to introduce a bill this month that would modify one of the more controversial provisions of state affordable- housing law. State Sen. Ray Lesniak said, "What we're trying to do is get ...

General Growth Properties wins loan extension for Las Vegas malls - Newark Star-Ledger
General Growth Properties -- the nation's No. 2 shopping mall operator, with four outlets in New Jersey -- has received a two-week extension on mortgage loans totaling $900 million, as the troubled company works to stave off bankruptcy and negotiate ...

N.J. to spread $60M in foreclosure prevention funds - Philadelphia Business Journal
New Jersey Gov. Jon S. Corzine signed legislation on Monday that allocates $12.5 million in state funds and about $51.4 million in federal funds for foreclosure prevention assistance. Under the legislation, the Department of Community Affairs will ...

Central Jersey homes become even more affordable - MyCentralJersey.com
In August, the statistics showed that home prices had leveled off, and that it was an opportune time to buy a home. But then the economy went into a tailspin in October, and New Jersey home-sale contracts slowed to 28 percent fewer than October 2007 ...

N.J. shoppers line up for 'Black Friday' - Newark Star-Ledger
There were still traffic jams, long lines before dawn and shoppers who made three trips to their car to unload purchases before lunch-time, but the Black Friday shoppers streaming into stores today were determined not to overspend. Diane Knoblock has ...

UPDATES: Barack Obama Big News Page - Huffingtonpost.com
LISTEN TO THE FULL OBAMA April 6. FUNDRAISER SPEECH HERE Some highlights - Obama responds to Krugman toward the end of the audio (46:20); Obama discloses his trip to Pakistan (40:17); Obama discusses fundraising successes (15 min); Obama discusses ...

Some parts of U.S. escape housing mess - USA Today
There are no stretches of empty homes in new subdivisions. Foreclosure signs on front lawns are few. Local banks are still lending. In 17 locations around the USA, many made up of small cities surrounded by large rural areas, 50% or more of the ...

In tough economy, Somerset County food banks serving affluent ... - MyCentralJersey.com
BRIDGEWATER — With the economy in turmoil, the Somerset County Food Bank Network is serving more people from the county's more-affluent areas. During the past few months, there has been a surge of need, as much as 10 percent, according to Marie ...

We're overpaying to slash the mortgage - This is Money
Borrowers who have tracker mortgages should take advantage of falling rates and overpay on their loan to cut years, and interest, off their mortgage. The historic two percentage point cut in interest rates over the past two months means that monthly ...

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Today's Mortgage Terms starting with H

  • Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
  • Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
  • Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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