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A Chattel Mortgage is a type of finance which is typically used by businesses to finance the purchase of commercial vehicles, cars, business equipment and office equipment. Anyone wishing to finance the purchase of goods for business purposes can take the benefits from chattel mortgages. In ... Views: 1163
Finding out your house is in pre foreclosure is something that is very scary, stressful and also very emotional. However, there are things you can do to stop the foreclosure process and save your home.
You may be able to qualify for pre foreclosure loan from a bank or another lender. No bank or ... Views: 1557
Refinancing your home loan is an important consideration, especially in the face of so many different loan products. The loan you choose for the most expensive asset and debt has the power to greatly influence your overall fiscal health – either in a good way or in a negative manner. For ... Views: 903
The housing market requires more liquidity in mortgages, an expert has said.Banks and building societies need to increase their lending of home credit packages such as tracker mortgages as part of a strategy to help the UK's residential housing market recover following the global economic ... Views: 739
New Jersey is now regularly in the list of places around the world, ideal for investment in real estate. The scene of New Jersey Real Estate in the country growing at a steady pace and we expect the continuation of this trend in the future. The increasing flow of tourists to the New Jersey means ... Views: 795
Short sale real estate transactions have become all too common recently. As a result of the recent housing downturn, many homeowners now owe more on their mortgage than their home is worth. This becomes a major issue if the homeowner encounters financial troubles such as increased mortgage ... Views: 862
Over the last two years there were many questions asked about what caused the mortgage meltdown and subsequent foreclosure crises. There was plenty of speculation to go around as well as a lot of blame and finger pointing towards certain groups of home buyers who supposedly bought homes they ... Views: 1496
One doesn’t hear it from mainstream media, but most people are still paying their mortgages on time, every time. Even if defaults rise to 25%, three-quarters of mortgagors will still be all right.
With that in mind, you can fine tune your mortgage’s health. First, a basic principle. How you ... Views: 1182
Does a refinance of your home loan sound like a good idea to you? If so, make sure you answer a few simple questions before you get the ball rolling. Since a refinance in many ways mimics the process you went through when applying for your initial mortgage – with the exception that now you are ... Views: 984
Los Angeles Times
Another week of mortgage rate decreases: How far can they fall?e-wisdom.comA consistent trend emerged from mortgage rate reports over the past five weeks: down, down, down. Freddie Mac released its weekly mortgage survey yesterday, reporting yet another decline in fixed ... Views: 1283
According to statistics compiled by the National Reverse Mortgage Lenders Association, between 10,000 and 15,000 Home Equity Conversion Mortgages (HECMs) are currently in technical default. Some lenders have even foreclosed on seniors who could not arrange a payment plan or otherwise get their ... Views: 1401
According to a recent report from the Wall Street Journal, San Francisco is the 4th most expensive city in the United States. The report takes into account a variety of factors that affect the general cost of living for San Francisco residents, including rent, food, commuting to work, and ... Views: 1219
According to researchers at the Center for Retirement Research at Boston College, in upcoming years, reverse mortgages will an important tool used by baby boomers to help them afford expenses during retirement. The continued popularity of these loans leaves many seniors asking, “What is a ... Views: 926
A lot of people face the risk of going on default mortgage every single day, and it is safe to say that the majority of them do not know what to do to fix this situation. Calling financial counseling hot lines will take much of your time without giving you the results that you ... Views: 1164
All things being equal, current mortgage rates will remain low as long as the Federal Reserve allows them to remain low. Even with a variety of other factors used to determine current mortgage rates, there is no greater influence on current mortgage rates than the Federal Reserve. When it comes ... Views: 1034
Once upon a time, collateral was king when it came to borrowing money. And your home was typically the crown jewel of your collateral assets. Home ownership gave you instant credibility to a lender who could quickly pull up your payment history and deduce from past payment schedules that, yes, ... Views: 995
With the global economy in a current recession, mortgage rates have been at all time lows. Many people get a little confused when they start looking for a lender about the differences between a mortgage broker and a regular bank. This article is designed to help you understand the differences ... Views: 841
As you may be aware the fastest growing demographic in real estate sales is single women second only to married couples. Previously we asked the question, “What are Single Women looking for ….. In a Home?” Well, high on the list of 10 things most desired by single women when purchasing a home ... Views: 1443
This is a small excerpt from an interview I did with a guy named Bill James. Bill is a great financial adviser and I have been working closely with him in creating a book and a workbook that should be ready for print in a few months. I thought this was important for buyers and sellers to ... Views: 1184
If you read the newspapers or surf the internet you can’t help but notice the buzz surrounding the latest trend in real estate, Single Women! The reasons for this significant rise in single women buyers has many different components. This trend which is changing not only the face of ... Views: 1120
Finding the right mortgage lender or mortgage broker is absolutely imperative. You are about to make one of the biggest transactions of your life, who you get to process your loan could save you money and stress. Here are a few things to consider when selecting your mortgage ... Views: 1079
In view of the fact that you are reading this article, would it be safe to assume that you have made the wise decision to hire a home inspector? Great! As you probably realize buying a home is a big investment and you need to find out everything possible about it before you sign on the dotted ... Views: 1207
One of the most important things you must do when preparing to purchase a home is assessing your budget. You must be clear on where you are financially. What can you afford in a monthly mortgage? But also realize that your mortgage payment will often include other fees such as loan interest, ... Views: 1423
Finally, you have arrived! You've found the home of your dreams! Take a deep breathe and remain calm. You must act swiftly but wisely. Take the emotions out of it and get down to business. You and your real estate agent must now decide on the best offer to make. Most deals are negotiable! The ... Views: 1094
Loan modification—the process of restructuring a mortgage or other loan in order to reduce the monthly repayment required of the borrower—has gained popularity in recent years due to the failure of the housing market and the spike of mortgage defaults. As the need for this service has grown, ... Views: 1211
Your credit score is extremely important in the home buying process. It plays a huge role in how lenders view you as a borrower. Your score helps lenders determine how much of a risk you are, the lower the score the more of a risk they feel you will be to default on the loan. It also ... Views: 995
Today’s market has put many in an “urge to buy” kind of mood. Understandably so. It is definitely a buyer’s market with low interest rates, and the price of homes at an all time low. If you're wise you’ll want to buy now too.
Since the demand for buying is high, we thought we would take ... Views: 1311
Start researching credit scores online, and you will soon find yourself overwhelmed with conflicting information. Save yourself the trouble. This article tells you exactly what you need to know about credit, mortgage loans, and the relationship between the two.
You would be amazed at how much ... Views: 1099
Buying a house isn’t as easy as many think it to be. There are plenty of suckers falling for the sweet sales pitch of some bozo trying to sell them something for the sole purpose of getting “their share” of the transaction. Don’t play a fool for these goofballs – it’s important that you sit back ... Views: 966
At this point, you have successfully jumped through the many hoops put before you; you’ve searched high and low for your home, the offer has been accepted, your mortgage has been approved and all the other contingencies have been satisfied! Now the finish line is in plain sight with one last ... Views: 1167
Now that you've been armed with a budget and a mortgage pre-approval from your lender, there are a few things that you must know before you begin hunting for that dream home. This is the time when communication between you and your agent is most critical since you must convey exactly what you ... Views: 1132
Are you seriously thinking about buying a home, but you’re nervous and unsure as to whether you can comfortably afford it? Then why not “try it before you buy it.” There are two experiments that you can conduct that will let you know if you are financially ready to take on the responsibility ... Views: 1091
Working from home definitely has its advantages. There is no commute, the dress attire is comfortable, and you set your own hours. Wonderful! However, just like everything else in life, it also has its draw backs or consequences. Filing taxes for most is already a real pain and for those who ... Views: 1504
Imagine the impact a year long mortgage holiday could have on the American economy. 12 long months without the need to make even one mortgage payment; the money consumers could keep in their pockets could be used for much needed purchases and also bill payments to help consumers get back on ... Views: 1453
August 2009-Investing in real estate has never been easier, nor more user friendly thanks to the newest wave of foreclosure bus tours. The Foreclosure Bus Tour offers exclusive, detailed and personal information about properties available to tour participants from real estate and investment ... Views: 1194
Legal foreclosure is the process in which a bank or other creditor takes over the borrower’s property in lieu of the debt they have to pay, using legal means. A foreclosure step is normally taken by the creditor only when the borrower has not paid the loan dues for a very long period. There are ... Views: 1134
The Internet is a valuable tool you can use to help you find the lowest mortgage rates in your area. Mortgage rates will be different depending on where you are and how strong your credit is, and finding the best mortgage rate can be a complex and time-consuming process. The Internet can make ... Views: 1089
Tis’ the season for gift giving, however, instead of spending all that time, energy and money on stacking gifts under the tree this year, why not try giving yourself the gift that keeps on giving. The 700+ credit score. Your credit history holds a very significant key to your new home. It ... Views: 1067
Tis’ the season for gift giving, however, instead of spending all that time, energy and money on stacking gifts under the tree this year, why not try giving yourself the gift that keeps on giving. The 700+ credit score. Your credit history holds a very significant key to your new home. It ... Views: 1032
In today's economy, it is easy to be gun-shy about buying a home, especially if it is your first home. Who wouldn't be? This is your biggest debt but, remember, it is also your largest asset.
There are five major reasons why the time is now:
First Time Home Buyer Tax Credit ... Views: 1471
It has been my privilege to work with hundreds of people over the many years I have been involved in the real estate and mortgage business. My experience and expertise have helped them buy their dream home when they thought their circumstances would prevent it. It has been a joy to help so many. ... Views: 3932
The home buying process can be very stressful, time consuming and costly especially for those who have not a clue. Today’s market is definitely ripe and ready to devour for the home buyer with low interest rates and the price of homes at an all time low, now is definitely the time to buy. In an ... Views: 1215
With interest rates currently at a forty-year low, many people that rent their homes are now contemplating the feasibility of purchasing their own house. As the real estate industry slumped considerably over the past 2 years, it may now be cheaper to own rather than to rent.
For households ... Views: 930
"How do I compare rates to find the best mortgage?" is often the first question people ask when considering mortgage refinancing or when looking at homes for sale as investment property, a second home, or primary residence. Industry standards are evolving but it is still difficult to compare ... Views: 1475
There are typically five steps you will have to go through during a loan modification. There are a lot of details involved and you will have to work hard. Follow each of these steps in order.
1. Explain your situation. This is typically done through what's called a hardship letter. ... Views: 1026
It may seem that applying for a loan modification is like putting money in a slot machine. Some people get lucky and end up with a newly modified loan, while others, for no apparent reason, aren’t so lucky. There are, however, things you can do to prepare yourself when seeking a loan ... Views: 1424
The process of qualifying for a home loan modification is complex and often misunderstood. Often families or individuals who appear to be qualified don't in fact make the cut, and this can cast doubt in the minds of potential applicants who may feel they don't stand a chance of gaining any ... Views: 1770
The 4-H program on Gabriola Island is one of our most vibrant and wholesome organizations dedicated to young people. The purpose of 4-H is to prepare our youth ages 8 - 18 for their future as adults and responsible citizens on Gabriola.
4-H stands for my Head to clearer thinking; my Heart to ... Views: 1558
There is great news for those of you who did not take advantage of the $8,000 tax credit previously offered first time home buyers! It is back by popular demand with a few new features. According to the Internal Revenue Service, more than 1.5 million claims were processed from individuals and ... Views: 1209
Sizing up your commercial loan (aka; pre-underwriting) is a MUST if you are in the lending business.
Here is an example of a common problem in this field...
"Loan agent/broker submits their borrowers/buyers financial package to the lender...obtains
the LOI (letter of interest)...has ... Views: 1604