Mortgage articles
Showing page 20 of 23 - There are 669 Mortgage articles
-
- 2007-11-13 22:16:19 - Mortgage pre approval - getting pre approved for a home loan online
- A pre-approved mortgage is a must in a competitive housing market. It also gives you an idea of what you can afford to buy as you look at houses. Online home loan lenders allow you to compare rates and quickly complete the process.Before You ApplyBefore you apply for a pre-approved mortgage, you will want to make sure all your financial records are in order. This is a good tim...
-
- 2007-11-13 22:16:19 - Using a mortgage refinance company online
- Online mortgage companies make refinancing convenient and competitive. By researching mortgage rates and lenders online, you can be assured that you have the best refinancing rates.Before You RefinanceBefore you refinance your current mortgage, do a little financial housekeeping. Check your credit report and make sure all your financial records are in order. This is also a goo...
-
- 2007-11-13 22:16:19 - Buy a home with a government grant? avoid this scam
- If you watch enough late night television, you'll see advertisements that suggest that the Federal Government is giving all kinds of things away. You'll see ads for auctions that promise that you can buy a Ferrari for $500 or a home for $1000 through "government liquidations" or some such thing. You'll also see ads that promise to tell you how you can get money for free to purchase a hom...
-
- 2007-11-13 22:16:19 - Reverse mortgage providing peace of mind without sacrificing safety or security
- For many seniors one of their greatest sources of security is their home. It not only provides a comfortable and familiar environment, but it provides a sense of independence and a source of many fond memories. The equity in that home represents a financial nest egg and a legacy for them to pass on to their family. With the ever-increasing cost of maintaining a home, along with the overall rise in...
-
- 2007-11-13 22:16:19 - Poor credit home equity loan tips
- A home equity loan can help repair your poor credit history. Begin by finding a competitive financing lender with affordable rates and terms. Next, work toward establishing a solid credit history, enabling you to lower your interest rates on future loans.Plan For The FutureA home equity loan can be your first step toward repairing a poor credit history. Before you apply for yo...
-
- 2007-11-13 22:16:19 - Home loans for people with bad credit - tips to getting approved online
- Buying a home with bad credit doesn't have to stop you from finding an affordable lender. By shopping online for a lender you can find the best lending rates for your situation. The following search tips will help you get started.Gather Your InformationBefore you begin searching for mortgage quotes, gather all your financial information ahead of time. A copy of your IRS tax fo...
-
- 2007-11-13 22:16:19 - Refinance your property online
- By refinancing your property online you can take advantage of competitive rates in the convenience of your home. You should consider refinancing your property if interest rates are lower, your financial situation has improved, or your credit rating has improved. Once you are ready to refinance, search for lenders' rates online for easy comparison shopping.When To RefinanceLowe...
-
- 2007-11-13 22:16:19 - High risk mortgage lenders - using a sub prime lender online
- Sub prime lenders handle high risk mortgage loans that traditional lenders refuse to touch. Through slightly higher interest rates, sub prime lenders protect themselves from the higher rates of foreclosures. With sub prime lenders online, you can easily compare rates to find reasonable financing for your mortgage.The Role Of Sub Prime LendersSub prime lenders offer people who ...
-
- 2007-11-13 22:16:19 - Bad credit home financing - buy a house even with poor credit
- Sub prime lenders come in two groups: reasonable and unreasonable. Reasonable sub prime lenders offer mortgage financing to high risk borrowers with slightly increased rates and fees. Unreasonable sub prime lenders charge several extra points and excessively high fees. Only through comparative shopping can you know if a particular lender is offering reasonable or unreasonable rates.Compa...
-
- 2007-11-13 22:16:19 - Mortgage marketing
- W. Edwards Deming said "Marketing and innovation are the only source of value in business, everything else is a cost". And he was right.The only thing that adds to your bottom line is demand for your product. Demand is created by offering people products they want (innovation) and effectively communicating the benefits they will enjoy once they own your product (marketing)....
-
- 2007-11-13 22:16:19 - Seller financing
- Although any loan used for buying real estate is strictly called a purchase money mortgage, the term is often employed for seller financing, those transactions in which you "take back" a mortgage as part of the purchase price. These arrangements are suitable, of course, only when you do not need your proceeds immediately toward the purchase of another home.Taking back financing could make y...
-
- 2007-11-13 22:16:19 - Keep your eye focused on treasury bond rates to adjust your current mortgage rates
- Mortgage rates typically are based off the current rates of treasury bonds. Most lenders set their long term mortgage rates in line with 10 and 30-year treasury rates. The reason that they do this is quite simple. Treasury rates are the rates that are used as an index to represent what the future value of money will be by the secondary market and investors. The Federal Reserve Bank will issue thes...
-
- 2007-11-13 22:16:19 - Construction loan basics
- It might not be too big of an exaggeration to say that the construction loan is one of the more daunting aspects of building your custom home. Before we started our project, I had nightmares about trying to pay two full mortgages at the same time (our existing mortgage and the construction loan), and I didn't see how it was at all possible. However, the reality ended up much more reasonable than I...
-
- 2007-11-13 22:16:19 - Life of an escrow
- Escrow is one of the last stages in the purchase or sale of a real property. When someone says that they are in escrow, it means that they have either accepted an offer on the sale of their property, or their offer to purchase has been accepted. The offer to purchase agreement is the instrument that is first signed by all parties before they "go to escrow".The life of a typical es...
-
- 2007-11-13 22:16:19 - Why you should not get hung up on the interest rates!!
- This is what a mortgage can do for you!AND Why you shouldn't get hung up on the interest rate!Let me show you the bottom line or the total dollar amount you will pay when paying a mortgage and paying rent and what the benefits of a mortgage are:Let's say John bought a home and has a $75,000 mortgage @ 10% interest for 30 years on his home with a payment of $750.00 per month. J...
-
- 2007-11-13 22:16:19 - Mortgage terminology for the first time home buyer
- Buying a Home for the first time can be a little "nerve racking". Mortgage terminology that brokers use everyday can leave you scratching your head or shaking your head pretending that you know what they're talking about. Here are some mortgage terms and definitions that you"ll be hearing when shopping for a first time home buyer loan:Adjustable-rate loans, also known as vari...
-
- 2007-11-13 22:16:19 - Secured loans ? making the most of your home as collateral
- My visit to the lender was interrupted with my wife demanding a reason for my preference for secured loans. Though I hushed up the matter then, it kept on ringing in my mind hours later. Actually, I didn't know of options other than the secured loans that are available. The various instances of people that have lost their homes to lenders that she used to supplement her contention refused to leave...
-
- 2007-11-13 22:16:19 - Mortgage sales hit problems
- The housing market has been buoyant over the past few years, but mortgage providers and first-time buyers are both now facing a tough time. Following announcements from the Bank of England that there has been an overall decline in the total number of UK home-buyers, and a declaration from the Financial Ombudsman Service (FOS) that the number of disputes concerning mis-sold mortgage endowments has ...
-
- 2007-11-13 22:16:19 - How to turn disadvantages of a reverse mortgage to your advantage
- When it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line.Let's start on a positive note, you could do what most borrowers do and opt for the reverse mortgage line of credit. Just think about how you would then be able to draw on the loan whenever money is required for daily living expenses, medical bills, prescription cos...
-
- 2007-11-13 22:16:19 - Using a calculator to assess your loan
- Buying a house is a very important step in your life. Every family dreams of having their own home and whether you are looking into your first, or are moving or upgrading your home, you know your mortgage is important. And when it comes to getting a mortgage, there is a lot of data to be calculated. This is where a mortgage calculator can really help you out.These calculators are very conve...
-
- 2007-11-13 22:16:19 - Avoiding foreclosure scams
- If your mortgage company is threatening foreclosure, there are things you can do to avoid it (see my article titled "How to Avoid Foreclosure"). However, you should be aware of scams. If there are solutions to your problems that seem too good to be true, they probably are.For example, if you're trying to sell your home yourself without professional guidance, beware of buyers tryin...
-
- 2007-11-13 22:16:19 - Avoiding foreclosure
- If you fall behind in your mortgage payments, you face the threat of foreclosure.Foreclosure means your lender can take over your home, and you must move out. If your house is worth less than the amount you owe on your mortgage loan, your lender may even seek a deficiency judgment. If this happens, you not only lose your home, you may owe the mortgage holder an additional amount of money. F...
-
- 2007-11-13 22:16:19 - Online mortgage loan companies are convenient
- There are many reasons to use the internet to take care of your mortgage loan needs. Online mortgage companies can give you quick answers to your mortgage application and can often times give you an answer of whether or not you have been pre-approved within 24-48 hours after you submit your mortgage application.Online mortgage companies usually do not pull your credit on the initial applica...
-
- 2007-11-13 22:16:19 - Home loans: what you should know!
- Finding home loans can be a daunting task, whether you're a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan that's right for you.Check Your Credit ReportAn important first step is to check your credit report, preferably several months before you intend to apply for a loan. You are entitled to one free co...
-
- 2007-11-13 22:16:19 - Secured homeowner loans to reiterate that a home provides more than a roof over your head
- "The ache for home lives in all of us, the safe place where we can go as we are and not be questioned."It is a challenge to find a place like that. Luckily you have one. A house is built on many things other than brick and mortar; it is built on hope and expectation. If being a homeowner makes you feel distraught or being homeowner has left you with nothing but piling bills, then perhaps yo...
-
- 2007-11-13 22:16:19 - Selecting the right mortgage for you
- A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money.There are various types of mortgages, including Fixed-rate, Adjustable-rate, Balloon, VA, FHA, and FmHA. It is important to select the one that is right for you.Fixed-rate...
-
- 2007-11-13 22:16:19 - Fixed versus adjustable rate mortgages
- Which One Should You Choose?Choosing between a fixed rate loan and aa adjustable rate loan is one of the most perplexing choices anyone can make. With a fixed rate loan, you know exactly where you stand today, and where you'll stand any number of years from today. The fixed rate is easy to understand, and it holds no surprises for you. The adjustable rate loan may look more attractive becau...
-
- 2007-11-13 22:16:19 - Private mortgage insurance basics
- Will you be asked to pay Private Mortgage Insurance, or PMI? Most lenders will require you to carry PMI if you cannot put 20% or more of your loan amount forward as a down payment. PMI protects the LENDER in case you default on your payments. PMI does not protect you, the borrower. The lender will secure the PMI policy for you, and you will pay for it. Most people choose to have PMI added to their...
-
- 2007-11-13 22:16:19 - What is a homeowner loan?
- If you are a homeowner, it couldn't be easier to apply for a Homeowner or Secured loan.Secured loans - i.e. where your home is used as security against the loan - are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit history. (Lenders are more flexible with their underwriting, making a secured loan possible when...
-
- 2007-11-13 22:16:19 - Homeowner loans ? drawing lessons of the past
- Loans are not of a recent origin. People used to take help from others even at times when money was unseen and barter was the mode of trade prevalent. However, the form of loans has changed over time. In those days the loans used to be offered in kind. Now, they are offered in money or in terms of money.However, the concern for the safety of the amount lent has not changed a bit. The most p...