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Mortgage and Home Financing Articles
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- Why Do Homeowners Refinance? - by Submitted on Jan 08, 2009 from Krista ScruggsGetting the initial mortgage in the first place was a lot of work, took a lot of effort, and by no means could it have been considered a lot of fun. Yet the refinance industry is booming, begging the question why do homeowners refinance their loans? Secondly, is refinancing a worthwhile and ...
Views: 872 - Addressing Financial Crisis Misconceptions - by Submitted on Dec 20, 2008 from Brian IcenhowerNow that the entities known as Fannie Mae and Freddie Mac have been thrust to the forefront of national media coverage due to their rapid failures which have resulted in a multitude of emergency congressional hearings, cabinet sessions, press conferences and ultimate government conervatorship, ...
Views: 1279(4 votes) - A New Direction for Senior Housing - by Submitted on Dec 20, 2008 from Brian IcenhowerHome builders are currently facing a rapidly emerging demographic that has forced the housing industry to begin shifting away from traditional forms of real estate development into methods that cater specifically to the needs of seniors. According to the United States Census Bureau, 100 million ...
Views: 1154(2 votes) - Understanding The Mortgage Meltdown - by Submitted on Oct 25, 2008 from Victor BrettPeople are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system. To paraphrase Alan Greenspan's remarks on March 17th, 2008, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since ...
Views: 1408 - Financing And Purchasing: Home Buyer Assistance - by Submitted on Sep 25, 2008 from Neil TercWhen hunting for that first or even second or third home, there are many ways that home buyers can benefit from a little home buyer assistance. Usually provided by many different companies, these benefits, ranging from before you even start searching till after you sign on the dotted line, are ...
Views: 1395 - The Credit Monster Just Ate My Mortgage - by Submitted on Sep 25, 2008 from Arthur LevinePlease feel free to use this article as long as credit is given to the resource box. © Copyright Arthur Levine 2008 Words: 718 Keywords: Bad Mortgage, Debt, Credit Monster, Fault, Responsibility I was sitting there minding my own business when this Credit Monster came running into the ...
Views: 924 - International Set Flock To Fire Island To Buy Vacation Homes - by Submitted on Sep 23, 2008 from Arthur LevinePlease feel free to use this article as long as credit is given to the resource box. © Copyright Arthur Levine 2008 Words: 475 Keywords: Fire Island, Homes, International, Buyers, Investment They are not hunting for gold or looking for oil, these Euro rich buyers are in the midst of a ...
Views: 1220 - The Unique Potential Of Loan Modifications - by Submitted on Sep 18, 2008 from Krista ScruggsWith foreclosures plaguing the mortgage industry and a softening real estate market making it virtually impossible for homeowners with their backs to the wall to quickly unload properties they can no longer afford, there is a new foreclosure avoidance tool making the rounds. Termed a loan ...
Views: 751 - Short Sales 101: Understanding The Process - by Submitted on Aug 31, 2008 from Charles RicheyHome foreclosures are still on the rise across the United States. Many homeowners have no idea where to turn or the many options that are available to them to stop foreclosure. One of the tools available to them is short selling the property. While it may not an ideal solution for the homeowner, ...
Views: 1494 - 5 Tips For Refinancing Home Mortgage - by Submitted on Aug 27, 2008 from Alex BellweatherHome loan market is one of the ever growing markets. Many types of people are using the mortgage the home for finance. If you want to settle the home market than it is important for you to select the proper way for refinancing the mortgage. It is important for you to select the refinance rout ...
Views: 1348 - What Happens To Second Mortgage After Foreclosure On The First? - by Submitted on Aug 03, 2008 from Samantha TaylorScenario: I have a foreclosure soon to take place on my first mortgage. What happens to the second mortgage if it is paid up to date? I was so stupid that paid a company XYZ $1000 to negotiate a plan for paying the first loan. they promised me that the first mortgage lender would surely accept ...
Views: 3893 - Mortgages, Tips To Getting The Best Deal - by Submitted on Jul 31, 2008 from Christian WardThe credit crunch has bought good and bad news for home buyers. The good news is that house prices are sliding, bringing homes within the reach of first-time buyers. The bad news is that mortgage loan conditions have tightened up so much that only those with the largest deposits and the cleanest ...
Views: 811 - What Next For The US Jumbo Mortgage Market? - by Submitted on Jul 27, 2008 from Christian WardIf you have been reading the articles about jumbo or proprietary reverse mortgages available, you may be wondering what is going on. A jumbo or proprietary reverse mortgage is any program that is not the FHA, government insured Home Equity Conversion Mortgage (HECM or "Hek-um") or the Federal ...
Views: 779 - What Next For Sub Prime Mortgages - by Submitted on Jul 27, 2008 from Christian WardWhat do you do with a massive package of adverse credit mortgages that no one wants to buy? This is the dilemma facing many financial institutions in the current economic climate. Several years ago it was easy to approve thousands of mortgages then bundle them together and sell them to a ...
Views: 676 - What Makes A Property Suitable For A Commercial Mortgage? - by Submitted on Jul 27, 2008 from Christian WardWhy do people want commercial mortgages? In most cases, it will be to obtain a property that meets the needs of their business. Of course, what makes a property suitable for a commercial mortgage will depend largely on the nature of your business – for instance it will be different ...
Views: 741 - Mortgage Timebomb In Retirement - by Submitted on Jul 24, 2008 from Christian WardAre UK homeowners heading towards a £207 billion mortgage debt time-bomb in retirement? One in three Brits aged over 55 years still have outstanding mortgage debts Key Retirement Solutions' figures show a 20% increase in the average amount of outstanding mortgage debt among over 55s year ...
Views: 726 - Price Fall Of Homes - The Crisis Moves On - by Submitted on Jul 19, 2008 from Jamie JaggernauthHouse prices have dropped by 0.6 per cent in March, bringing the annual rate of house price growth down to 1.1 per cent, Nationwide has revealed. The figures come amidst global financial instability and news that housing market activity is decreasing. The average cost of a house in the UK is ...
Views: 803 - How Hard Is It To Buy That House? - by Submitted on Jul 18, 2008 from Jamie JaggernauthI want to help myself in climbing the housing ladder- in this way I can enjoy the benefits of creating wealth and avoiding rental payments every month; in doing so I had to understand the concept of conveyance. My intention is to jointly purchase a property costing £150,000. I would ...
Views: 1086 - House Market May Take Years To Recover - by Submitted on Jul 15, 2008 from Ruth JacobHouse prices will take more than four years to rise above their 2007 peak, a wide ranging survey of experts has warned, thus also affecting the mortgage market. The gloomy message was delivered by more than, 60 per cent of 225 Society of Business Economists (SBE) members surveyed for ITV1's ...
Views: 719 - Mortgage Debt Will Affect Pensioners - by Submitted on Jul 10, 2008 from Ruth JacobA third of the UK population who are in or nearing retirement, owe a whopping £207 billion in outstanding mortgage debt; averaging at £37,316 per head reveals a new report from Key Retirement Solutions, the leading independent equity release specialist. The findings released from ...
Views: 768 - A Stress Free Way To Deal With Property Sales - by Submitted on Jul 09, 2008 from Elfy AndersBuying and selling your property is stressful and also involves a lot of money so being prepared to do some research and getting stuck in can help save you a lot of money in all aspect of the process especially conveyancing. If you are thinking of selling, why not put in a bit of work and save ...
Views: 782 - Legal Firms Struggling To Find Conveyancing Work - by Submitted on Jul 08, 2008 from Danielle FletcherLegal firms who specialise in offering a conveyancing service are beginning to struggle to make the profits they were once used to. The downturn in the housing market has meant there are far less buyers and therefore fewer houses are actually selling. Lawyers used to the property boom years ...
Views: 874 - First Time Buyers Are Struggling To Find Mortgages - by Submitted on Jul 08, 2008 from Danielle FletcherYou may be forgiven for thinking that in today’s current economic situation finding a mortgage if you are a first time buyer is near on impossible. You would be right to a certain extent, in that mortgages for first time buyers are definitely harder to come by, but they are not completely ...
Views: 710 - A Little Piece Of Good News For The Gloomy Property Market - by Submitted on Jul 08, 2008 from Danielle FletcherThe housing market in Britain is on a decline with more and more people being forced to sell due to rises in mortgage interest rates, and less buyers willing to invest in housing. More first time buyers are staying away from the housing market altogether as lenders become stricter their lending ...
Views: 749 - Tesco To Offer Conveyancing Service - by Submitted on Jul 04, 2008 from Linsey SummersGood mortgage deals are becoming harder and harder to come by with more and more lenders upping their fixed rates. The interest rates on fixed rate mortgages have now reached a ten year high and some experts believe they are going to continue to rise even further. Even if customers are able to ...
Views: 1230 - Loan Leads Company Introduces Lead Scoring Mechanism - by Submitted on Jul 04, 2008 from Danielle FletcherOne of the leading companies in the loan lead business has developed a predictive modelling service which will enable lead buyers to identify which loan leads are more likely to result in a customer taking out a loan. The company is known as ileads.com and its new modelling system is called ...
Views: 835 - Cheap Conveyancing - Can It Be Found Online? - by Submitted on Jul 04, 2008 from Danielle FletcherMoving house is an expensive, not to mention stressful, business. Not only are you paying a mortgage, estate agents fees and stamp duty but you also need to pay for conveyancing. We can shop online, order online and now we can do our conveyancing online. By doing this often complicated process ...
Views: 823 - Don't Be Home Hungry, Consider A Current Account Mortgage - by Submitted on Jun 25, 2008 from Onome OkwuosaBuying a property is one of the most stressful and arduous tasks one can ever encounter, it does come with some huge blessings and an unquestionable sense of achievement. All positive emotions and sentiments fostered may become overshadowed in the event of making a wrong choice. If you have gone ...
Views: 656 - Bad Times Are Great Times! - by Submitted on Jun 23, 2008 from Andrew Van ValerThe news isn't good - you can see that each day in the newspaper and on television. Foreclosures are at an almost all time high and the forecast states we are not close to the end. Fuel prices are accelerating at the fastest rate in the country's history and job loss is climbing rapidly as jobs ...
Views: 1344 - Intermediaries On The Rise - by Submitted on Jun 22, 2008 from Ruth JacobThe number of borrowers involving intermediaries, in their search for mortgages, has been seen to be on the increase, according to a financial website. Darren Cook, mortgage expert at eMoneyfacts.co.uk, commented in this increase, he said: “With continuing uncertainty in the mortgage ...
Views: 757 - Citigroup Shuts Down Future Mortgages - by Submitted on Jun 19, 2008 from Carys RobshawAmerican bank Citigroup has announced that it will be removing itself from the British mortgage market, closing down its mortgage division, Future Mortgages and CitiFinancial, its unsecured loans department. The bank currently has 92,000 customers, the majority of which are sub-prime customers, ...
Views: 1107 - Buying Bad Mortgages To Save The Market - by Submitted on Jun 19, 2008 from Carys RobshawAngel Gutierrez believes he is the answer to the current housing slump as he buys off bad mortgages. He buys mortgages in bulk, often a dozen at a time, at a fraction of their value from lending institutions unable to cope with the high number of defaults which they are seeing at the moment. ...
Views: 1110 - Should I Walk Away From My Home? - by Submitted on Jun 16, 2008 from Larry AngellMany of us have often daydreamed of our ideal life. Somewhere in that dream fits a home that has all the fancy extras. Things like, a two-car garage, cozy fireplace, jetted baths, spacious kitchen, and large bedrooms with big closets to put all our nice clothes in. The daydream turns into ...
Views: 3019 - RIGHTMOVE Questions Prices Rices - by Submitted on Jun 15, 2008 from Mildred ParkerU.K homeowners have raised the prices of their properties this month because they are not “realistic” enough about the housing market, Rightmove plc said. According to Rightmove, the average asking price rose 1.2% from April to £242,500 or ($473,000 May 14, a new poll ...
Views: 735 - House Prices Drop 5% - by Submitted on Jun 14, 2008 from Mildred ParkerA new poll shows that UK housing prices will fall 5% this year and market analysts believe that it could get worse as a result of the soaring consumer inflation which limits the scope for interest rate cuts. The poll conducted by Reuters show that the annual basis varied from a 10% fall to a ...
Views: 687 - The Secret Rent To Own Strategies Tenants Can Use To Become Homeowners - by Submitted on May 28, 2008 from Owen McGab EnaohwoDo you want to own your dream home? Of course, we all do. With the cost of living continually on the rise many individuals find themselves wondering if they will ever be free from the clutches of their landlord. Through a rent to own (also known as a lease with the option to buy) you can begin ...
Views: 1807 - Refinance Or Take Out IRA Money - Which Is Better And Why? - by Submitted on May 27, 2008 from Samantha TaylorScenario: I'm at 65 and would like to repair my home. The approx cost of repairs is $75000 and I'm yet to pay for $255,000 of home equity loan balance. Should I refinance with an interest-only loan for low payments or get a reverse mortgage or do you think I`ll be better off with using my IRA ...
Views: 1979 - Intergenerational Households Expected To Increase In The UK - by Submitted on May 24, 2008 from Michelle HarricharanIn 2005 Sara B. Miller wrote an interesting article about the growth of intergenerational living in the US. Financial strain, she argued, were forcing more and more families to live under one roof. Three years later the issue is receiving growing attention in the UK as well. A study conducted ...
Views: 882 - First Direct Closes Doors To Non-Customer Mortgages - by Submitted on May 21, 2008 from Mark SkinnerHSBC subsidiary First Direct has withdrawn the offer of mortgages to non-customers, further fuelling the crisis in the lending industry. Recently the bank has been receiving a deluge of applications and simply does not have the staff and resources to efficiently process the information. ...
Views: 702 - The Effects Of Sub-Prime Lending In The US - by Submitted on May 17, 2008 from Danielle FletcherOver the last five years, people in the UK have enjoyed relative prosperity, with a booming economy amounting to large increases in private wealth. Salaries had been rising and the property market soaring, raising the standard of living and allowing many of life’s luxuries to become widely ...
Views: 743 - The Banking Crisis - What Affect Will It Have On Mortgage Lending - by Submitted on May 15, 2008 from Jenny LongmuirThere are worrying signs in the loans market at the present time. The current banking crisis has lead to concerns that mortgage customers will find it harder to get loans and in turn, with houses becoming more difficult to sell, prices will fall. Central banks around the world, including the ...
Views: 731 - Does the appraisal industry need legal help? - by Submitted on May 12, 2008 from Samantha TaylorScenario: I’ve come to know of a few people who’ve lost their homes because they took a mortgage that they couldn’t afford and when they wanted to sell off and move out, they came to know that their houses received over-inflated appraisal at the time of buying. The person I ...
Views: 825 - Discover The Right Approach To Stop Foreclosure - by Submitted on May 12, 2008 from Bob HamiltonWhen a mortgage borrower fails to make payments to the lender he faces foreclosure. If your financial situation is out of control and you are in the stage of not paying your arrears on mortgage, then, it is for sure that you are going to face foreclosure. There are many companies which claim to ...
Views: 588 - Hard money the easy Way - by Submitted on May 07, 2008 from Amar BrownSince the sub prime situation hit critical mass there has been a lot of interest in hard money loans. In this article I hope to clear up some of the hype surrounding hard money. Also to offer anyone looking for hard money a practical guide to seeking hard money funding. Here are the 5+/-2 ...
Views: 1792 - Top 5 Questions to Ask of the Person Handling the Financing for Your Real Estate Transaction - by Submitted on May 07, 2008 from Michelle SpaldingTop 5 Questions to Ask of the Person Handling the Financing for Your Real Estate Transaction The loan is a critical part of the real estate buying and selling process. Recently obtaining financing has become more and more difficult. Knowing every step of the way what to watch out for is ...
Views: 736 - Customers' Homes At Risk Due To Bad Advice - by Submitted on Apr 27, 2008 from Jemma TiplingThe Citizens Advice Bureau (CAB) has issued a report which has shown that hundreds of thousands of Britons are falling further into debt, ending up in court and facing the repossession of their homes due to irresponsible lending practices, inaccurate advice and in some cases, downright ...
Views: 709 - Credit Harder To Get And Less In Demand - by Submitted on Apr 26, 2008 from Jemma TiplingA new Bank of England report has shown that the availability of loans and other types of credit are set to greatly diminish in 2008. The latest Credit Conditions Survey released by the Bank have shown a number of lenders are becoming stricter about who they will give credit to. The credit ...
Views: 656 - Buy-To-Let Market Thriving - by Submitted on Apr 26, 2008 from Jemma TiplingAccording to the Council of Mortgage Lenders (CML) the buy-to-let market in the UK is still going strong. The UK saw the number of buy-to-let mortgage loans rise by 23%, these type of loans account for 10.3% of all outstanding mortgages in the country. Lending for buy-to-let properties started ...
Views: 750 - Cheap Credit Enters Last Chance Saloon - by Submitted on Apr 26, 2008 from Jemma TiplingYesterday's budget demonstrated one thing, that the economy is no longer awash with money. As a result, loans regardless of what form they take are going to be increasingly hard to find at competitive rates in 2008. The treasury has little money, banks have little money and therefore businesses ...
Views: 725 - Quitclaim deed and Mortgage transfer - Any tax implications? - by Submitted on Apr 23, 2008 from Samantha TaylorScenario: My father has been through financial problems throughout his life. 10 years ago, he and my mom have had negative credit scores due to past uses with the IRS and he even had his wages garnished. However he could scrape by and later on I helped him out by buying a home with a mortgage ...
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