Mortgage articles
Showing page 14 of 23 - There are 669 Mortgage articles
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- 2007-11-13 22:16:19 - Mortgage after bankruptcy
- Most people probably assume that obtaining a mortgage to purchase a home, refinance or to consolidate debt after a bankruptcy is out of the question. In fact, many people are able to obtain these mortgage services, even 1 day after a bankruptcy discharge in some cases. Loan programs and lenders are available that require little or no time after the discharge of a bankruptcy. Here are a few tips to...
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- 2007-11-13 22:16:19 - Adjustable rate mortgage - how they work?
- How does an ARM work.The borrowers interest rate is determined initially by the cost of money and the time the loan is made. Once the rate has been set, and it is tied to one of several widely recognized and published indexes , and future interest adjustments are based on the upward an downward movements of the index. An index is a statistical report that is generally reliable indicator of ...
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- 2007-11-13 22:16:19 - 6 things to consider before refinancing
- Perhaps you're a homeowner in need of some quick cash.Maybe you want to consolidate your debts so you have better control of your money.Perhaps a lender is urging you to refinance because interest rates are low, and he has a too-good-to-be-true deal that will shorten your current loan's term.Here are 6 essential questions to ask yourself before making the decision to refinance...
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- 2007-11-13 22:16:19 - The top 5 things you must know before applying for a mortgage
- You've been thinking about buying your own home for quite a long time, and now you're ready to take the plunge. You've been saving money for a down payment, and you know the next step is preparing to apply for a mortgage.But where do you start?Here are the top 5 things you need to know before approaching a mortgage lender.1. Understand Your OptionsAll mortgages are not ...
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- 2007-11-13 22:16:19 - Fees paid to brokers by mortgage lenders are far too high
- Procuration fees paid by some sub-prime lenders are too high.Fact.There can be no justification for some of the fees paid by lenders. Proc fees of 2.75%-plus are simply deplorable when it is clients who will ultimately pay the price through an extra loading on the interest rate they pay, be it at the front end or - as is more common with some lenders - at the back end after an initia...
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- 2007-11-13 22:16:19 - How not to be ripped off by mortgage brokers
- One of the things that bothers me about the mortgage industry is the number of unscrupulous brokers that operate in this market.Talk about giving the industry a bad name!I worked for a mortgage lender until quite recently and I used to be shocked at the fees that brokers charged their clients. I mean lets put this whole "mortgage arranging" thing into perspective.Assume I am m...
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- 2007-11-13 22:16:19 - Rates may be rising: mortgage and refinancing preparation made simple for you
- Buying a home is probably the single largest investment most people make in a lifetime. By preparing yourself and your credit before a home purchase or refinance, you can ensure a smooth finance process and can potentially save thousands on your loan. Improve your financial profile now so you can take advantage of the low interest rates before they disappear.Start by checking your credit...
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- 2007-11-13 22:16:19 - How much interest is your home equity earning?
- How much interest are you earning on your home equity? If you answered nothing, zero, zilch, zip you are correct. What would you do if you could get triple compounding on your equity? Would you take action and build a fortune that would allow you to pay off the mortgage and create a retirement fund?We use a strategy called Early Mortgage Pay Off System or EMPOS?. The strategy involves using...
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- 2007-11-13 22:16:19 - A guide to selecting a mortgage broker in australia
- Once you have made the decision to buy a home you will need to obtain mortgage financing for your purchase. Until about fifteen years ago buyers had to go directly to banks to obtain loans and shopping around for the right fit was a long process. Mortgage Brokers are experts in home loans who will consider your financial situation and financing requirements and then shop around for various lenders...
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- 2007-11-13 22:16:19 - 5 steps to getting on top of your mortgage
- Getting on top of your mortgage so you can pay your loan off faster and potentially save thousands of dollars on your home loan is possible with a plan and consistent effort. There are mortgage reduction strategies that you can put into place that will ensure that your loan is paid off more quickly without putting a huge strain on your current budget. The following tips are designed to help you pa...
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- 2007-11-13 22:16:19 - Comparing the true cost of obtaining a home loan
- Home buyers are often confused about where to begin in their search for a home loan. The process is usually narrowed down to finding which institutions provide the lowest settlement costs, but the different types of lending institutions and the variety of lending programs available can make the search a slow, difficult experience.Real estate settlement costs are fees buyers normally pay whe...
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- 2007-11-13 22:16:19 - Adjustable rate mortgages offer alternatives for home buyers
- When looking for a mortgage to meet your needs, consider these key questions: Is your income expected to increase in the coming years? How long do you plan to live in your new home? And, which mortgage will provide the lowest interest rate?While 15 or 30 year fixed-rate mortgages are the most popular, and Adjustable Rate Mortgage (ARM) offers some interesting alternatives for home shoppers ...
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- 2007-11-13 22:16:19 - How to determine the price of your home
- Why is it that some homes sit on the market for a year while others sell like hot cakes? Frustrated sellers will blame a bad market, while a good real estate professional will tell you that many times, a slow sale is often attributed to the listing price.If a home is overpriced, buyers will stay away. But, if the price is competitive with similar homes in the area and "shows" bett...
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- 2007-11-13 22:16:19 - Benefits of a remortgage
- There are many benefits in choosing a remortgage, some of which are listed below.A remortgage is changing your mortgage without moving your home.Remortgaging is the process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money.A remortgage can also be used to raise additional finances by releasing equity in yo...
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- 2007-11-13 22:16:19 - Securing a us commercial mortgage
- What's the most efficient way to secure a US Commercial Mortgage? Work with a mortgage broker who specializes in this area. If you've ever applied for a loan, you're familiar with the mountain of paperwork you are required to complete during the process. The lender takes the applicant's information, runs it thought their guidelines and formulas and after waiting many weeks, a decision is made to e...
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- 2007-11-13 22:16:19 - Mortgage elimination- a horrible and sure way to lose your home to foreclosure
- "Own your home free and clear in 3 to 4 months. Note paid in full!"How does this statement sound to you? Does it bring out a sentiment of grand larceny or does it peek your interest as a means to quickly and legally increase your personal net worth? Would it be moral to cancel a debt you made in such an easy and unfathomable manner? Most importantly, if you were behind on your mor...
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- 2007-11-13 22:16:19 - How homeowner can save their home from foreclosure
- Drive around and see how many signs you see that says House for Sale. How many lease purchases do you see? How many abandon houses are on your street? Our country is up against the wall with delinquence mortgages. FHA mortgage lenders are filing claims in the millions from HUD. How do I know? I counsel homeowners every month concerning their mortgage and what they need to do to protect their prope...
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- 2007-11-13 22:16:19 - Are you a victim of a predatory mortgage foreclosure?
- Help is available to borrowers who have claims against their lenders for violating the Truth in Lending Act and other laws regulating credit transactions. Such violations may be a defense to a mortgage foreclosure. If there is a violation, you may be able to void the mortgage and apply 100% of your payments to principal. You may also be able to recover money damages.If the answer to any of ...
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- 2007-11-13 22:16:19 - Home loans
- Buying a home remains the great American dream. Home ownership rates have been exploding in recent years, spurred on by the historically low interest rates in the home mortgage market. Home prices have been rising at far faster than inflation, especially in major urban areas such as San Francisco, San Diego and Chicago. This means that not only can that home you've always wanted put a roof over yo...
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- 2007-11-13 22:16:19 - What exactly is a mortgage broker and how can he/she help you save thousands on your mortgage?
- Have you ever heard of a mortgage broker before? If you haven't, then you definitely need to give yourself more options whether you are applying for a new home loan or are refinancing your current loan, and learn what they are all about. Mortgage brokers can help you save thousands over the life of your loan. It's all about the interest rate and how it affects the amount of principal compared to i...
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- 2007-11-13 22:16:19 - Mortgage soup
- Looking for home mortgage loans can get confusing with the alphabet soup of mortgage loans programs available today. Most of these programs are just variations of fixed rate and adjustable rate mortgage loans. These loans can be structured to meet your financial needs, and most are available in 15 or 30-year terms. Your long-term plans play an important part in selecting the right type of loan, us...
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- 2007-11-13 22:16:19 - Know your mortgage fees, and youll never pay too much for your loan
- If you buy new windows, you'll not only pay for the windows, you will also pay an installation fee. When you purchase a car, you pay tax, title, assumption fee, etc. Just about every major purchase comes with extra costs or fees, and home loans are no different. Most people think they don't have to pay costs on a loan, because they are paying interest on the loan (they figure this is their fee ? a...
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- 2007-11-13 22:16:19 - Mortgage broker or assassin? a banker who offers you this loan may be trying to kill you!
- What if a banker or mortgage broker told you he's loan you 25 percent above the value of your home? You might think it sounds great, but I sure hope you'd say no. This is a loan only the most money-hungry and unscrupulous loan officers will sell. Few, if any, banks will do them. There are wholesale lenders, though, who will actually loan 125% of the value of your home.In other words, if you...
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- 2007-11-13 22:16:19 - Mortgage loan most bankers wont give may be exactly what you need to buy or refinance your home
- A few years ago, a loan officer who worked for me was having a problem helping a customer. He was new to the business and had very little patience for problems (as you might have already guessed, he didn't last very long). He told me the customer was a doctor, who had left a hospital job to open his own practice. He was trying to refinance a $300,000 home, but he could not show any current income....
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- 2007-11-13 22:16:19 - A mortgage and bank trick you should avoid at all costs
- Once you've purchased your home, you will begin to get correspondence from your lender about a "Mortgage Reduction Program," in which you can cut years off your mortgage, without adding money to your payment. This is another trick bankers have to get you to give them your payment sooner, so they can hold it in escrow and make more money off of you.The program arranges for you to m...
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- 2007-11-13 22:16:19 - How i became a hard money lender
- Unlike other investors, my venture into real estate was a natural extension of my secondary business as the IP Ware software developer. However, opportunity and perseverance beget wealth, or at least a decent side income.Aside from my ventures into lease optioning residential property, I and my partner have managed to acquire a number of properties with our own credit. However, when looking...
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- 2007-11-13 22:16:19 - Tips for first home buyers on getting home loans
- Buying your first home will likely be the biggest and most important purchase you will ever make. It can be a very stressful and may even leave you sleepless for nights on end wondering whether you are making the right decision ? especially where choosing the right home loan is concerned.With all the other questions that tug at first time home buyers, the question of finding their deposit a...
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- 2007-11-13 22:16:19 - Need a mortgage, refinance or equity loan? learn what it takes, before applying
- Do you know what it takes to qualify for mortgage and refinance loans? There are several factors involved with qualifying for a purchase, refinance or equity line of credit, and having an in-depth understanding of these could make the difference in you being accepted or turned down by a bank loan officer.Here are some things loan underwriters use in seeing if you qualify for a loan: your cr...
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- 2007-11-13 22:16:19 - What you dont know about the real estate process, some inside secrets
- Some people in the real estate industry have a terrible reputation. Why, because they deserve it. A lot of hard earned money trades hands and if things go wrong that leaves a very bitter taste in the injured parties mouths.In real estate most people stay in the house for a long time. If they don't, many times they sell the house themselves or quite often deal with different professionals th...
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- 2007-11-13 22:16:19 - Mortgage-refinance treachery: avoid mortgage bankers and brokers biggest trick -- the sales pitch
- What the average homeowner or home buyer fails to realize is that bankers, loan officers, mortgage brokers, or whatever your lenders call themselves, are salesmen. Certainly, if you purchased your home from a realtor and used her lender, you most likely got a feeling of trust in that person, because the realtor referred him. Beware of this potentially dangerous water. "This guy will help you compl...