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Mortgage and Home Financing Articles
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- How to Compare Rates for Mortgage Refinancing - by Submitted on Jul 06, 2010 from Robert Boyer"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: 1594(10 votes) - An Ounce Of Foreclosure Prevention Is Worth A Pound Of Cure - by Submitted on Mar 14, 2008 from Windsor AugustinWe all know that today’s foreclosure crisis isn’t going to last forever. Markets do come back. Expansion almost always follows recession. However, it will take time…a commodity that the soon to retire baby boomers do not have. The soon to be retirees who are counting on the equity in their ...
Views: 1593 - Simple Methods of get approved an FHA loan despite bad credit - by Submitted on Jul 15, 2011 from Aftab AhmedMortgage loans help the individuals to satisfy their immediate demands. Mortgage is the security for the loan amount that is provided to the money lender for getting the loan. Most mortgage companies do not risk the mortgage amount by providing loans to the people with bad credit scores. There ...
Views: 1587 - Is a Home Equity Loan a Wise Decision? - by Submitted on Feb 03, 2008 from Mike KillianWhen the month continues to live on well after the money is spent, a very logical approach is to utilize the equity in your home to alleviate the pressure. But is this a good idea or a bad one? Take a look. Consolidating may free up your dollars, but at what cost? Usually consolidating debt ...
Views: 1586 - Five Things to Keep in Mind when Applying for a Mortgage - by Submitted on Nov 29, 2011 from Jess HallApplying for a mortgage can be daunting. The more you know the less confusing and intimidating it will be. You're more likely to get a great deal when you arm yourself with the right information. Whether you've gone through the process before or it is your first time, there are certain things ...
Views: 1575 - How to Simplify the Mortgage Process and Make it Easy to Obtain Financing - by Submitted on May 01, 2009 from GERTRUDE J CHAPMANIf you ask the average person what was the most stressful part of seeking a mortgage, most will tell you the diversity of products. The mortgage industry has come a long way from a few basic programs to an array of financing options. There are products to accommodate most any of life’s ...
Views: 1572 - How to Choose the Best Type of Mortgage Plan - by Submitted on Dec 14, 2012 from Jacob SnegIt is one of the biggest investments you are making while buying a home. Making the right decision and choosing the best type of Loan is highly recommended in such an important situation. There are different types of Loans, which number more than a hundred types. A few details can help you in ...
Views: 1568 - First-Time Home Buyer: Obama's Tax Credit, Home Values, & Mortgage Interest Rate - by Submitted on Aug 15, 2009 from Betsy MooreIn 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: 1567(3 votes) - Your Dream Home Is Just a Step Away - by Submitted on Feb 05, 2013 from Jacob SnegA goal that most people share is to buy their dream home. With mortgage brokers, they can easily realize this dream, and buy their dream home, in just a single-step. They can hire mortgage brokers to make a long-term plan for financing the purchase of their dream home, thereby letting the ...
Views: 1566 - PPI mis-selling scandal and the impact of personal loans - by Submitted on Mar 08, 2012 from Stephen BoothHave you been mis-sold Payment Protection Insurance (PPI) along with a loan? Do you feel a financial institution disappointed you? Lots of people have already successfully pursued PPI claims against their bank or building society and you also could become one of them. PPI is an insurance ...
Views: 1564 - Why You Should NOT Repay the Mortgage on Your Home - by Submitted on Jun 01, 2009 from Clayton MooreThe traditional view of a mortgage is a loan to buy your home, which you spend the next 25 to 30 years paying back, with interest. Finally, close to retirement age, you’ll be free of this debt and will own your home. Here’s a more radical approach: Mortgages are a key tool that can help ...
Views: 1561 - Reasons Why You May Want to Consider Reverse Mortgage Refinance Options - by Submitted on Feb 03, 2013 from Courtney EmilyRefinancing your mortgage is sometimes looked at as a negative thing, but it can be very positive for someone that is struggling financially. Interest rates change relatively often because the economy is not stable. If the United States economy was stable, interest rates would be somewhat ...
Views: 1559 - 5 Biggest Home Staging Mistakes That Cost You the Sale - by Submitted on Mar 26, 2015 from Janet VothAre you putting your house on the market? As I'm sure you're aware, first impressions are vitally important to prospective buyers. From the moment people walk in, they start making a decision about your home and what it would look like if they lived there. So how can you make your home ...
Views: 1550 - Mortgage Loan Auditors - How They Can Help - by Submitted on Sep 30, 2010 from Justin DavisWhen you buy a property with a loan, it is best to hire a mortgage loan auditor. This is a person who is expert in the field and he can help you face issues like foreclosure and other mortgage related problems. They can actually work miracles when turning the tide in your favor, in case you're ...
Views: 1550 - Have You Heard About the Mortgage Holiday Proposal? - by Submitted on Apr 15, 2009 from Krista ScruggsImagine 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: 1549(2 votes) - 4 Steps To Home Loan Modification Approval - by Submitted on Jun 04, 2010 from Krista ScruggsIt 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: 1542(6 votes) - Common Mistakes in Home Filing and How to Correct Them - by Submitted on May 09, 2011 from Heidi DeCouxYou put in the time and gotten started on a home filing system. But you still don’t feel like you can relax. You don’t think you’re any more organized then you were before you had a system. You may have fallen into some common home filing system pitfalls. Making these mistakes can make getting ...
Views: 1539 - 7 Ways to Avoid Foreclosure - by Submitted on Jun 09, 2009 from Steve TetaThrough no fault of your own, you may be facing one of the greatest challenges of your life; how to prevent your property from being foreclosed upon. Why let the bank take your most valued asset and leave you with nothing? Fortunately, alternatives exist. In fact, there are seven ways you can ...
Views: 1532(14 votes) - Reverse Mortgage Defaults: Do These Loans Carry a Higher Risk? - by Submitted on Apr 22, 2012 from Brittney ParksAccording 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: 1532(2 votes) - Vancouver Mortgage Broker - Former Grow Ops - by Submitted on Nov 16, 2011 from Rowan SmithHey everybody, I want to talk to you today about past grow-ops. At the Mortgage Centre we’ve been taking a lot of calls. Given our area in BC, sooner or later, every house seems like it’s going to have been a former grow op. So what do you need to do if you are thinking of buying one? First, ...
Views: 1524 - Endowment Policy Misselling -- Just How Much Compensation Could I Receive - by Submitted on May 20, 2011 from Lauren NguyenWhat Can I do? This is where endowment compensation -- or even endowment redress -- can be used. But how much payment could you receive? The insurance businesses aren't paying compensation based on how much of the shortfall a person are predicted. If your claim is upheld, the ...
Views: 1521 - 3 Things Your Pet Needs From The Home You Might Buy - by Submitted on Sep 28, 2017 from Brooke ChaplanWhen putting together a list of features you would like to have in a future home, you need to take the needs of any pets into account as well. More and more people are doing this, actually, and pets now outrank both marriage and kids as a reason why young people are beginning to buy houses. So ...
Views: 1513 - Are Reverse Mortgages Safe? - by Submitted on Feb 28, 2012 from Chris BeardThe first reverse mortgage was offered by Deering Savings & Loan of Maine in 1961 to a woman named Nellie Young the wife of the loan officer’s deceased football coach. Reverse Mortgages gained widespread recognition in 1988 when HUD administered and FHA Federal Housing Authority with the ...
Views: 1513 - How to Write a Hardship Letter - by Submitted on May 30, 2012 from Wayne MiltonAs of last year, 6.4 million homes were in foreclosure. That number is expected to increase by one million before the end of 2012. One would think that the farther removed that the country becomes from the initial housing collapse in the fall of 2008 that the outlook of the market would be ...
Views: 1509 - Mortgage Acceleration Made Easy - by Submitted on Jun 17, 2009 from Garry RichardsonWouldn't it be nice to be debt-free? The American dream of homeownership has traditionally come with a 30-year mortgage. Add to that credit cards, car loans, college tuition, and the average consumer is drowning in debt. Over the last few decades this has become our way of life, buy now, pay ...
Views: 1501 - Need Answers Fast? Use a Reverse Mortgage Calculator to Answer Basic Questions - by Submitted on Apr 21, 2012 from Abby ReynoldsWhile some seniors plan on using a reverse mortgage as a retirement tool, many others are still on the fence. By now, many consumers know that reverse mortgages are loans that allow seniors over 62 years of age to convert a portion of their home equity into cash. Many consumers also know that ...
Views: 1501(1 vote) - 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 - A First Time Buyers Guide to Home Ownership - by Submitted on Dec 01, 2009 from Christopher ShawToday’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: 1490(2 votes) - Links between Long-Term and Short-Term Financing - by Submitted on Sep 12, 2017 from Riddhi Siddhi Multi ServicesAt Riddhi Siddhi Multi Services, we understand that a business require capital—that is, money invested in plant, machinery, inventories, accounts receivable, and all the other assets it takes to run a company efficiently. Typically, these assets are not purchased all at once but are obtained ...
Views: 1490 - How To Calculate An Affordable Mortgage - by Submitted on May 14, 2010 from Peter MushuTo calculate a comfortably affordable home price, most banks follow guidelines that are very similar to each other. Mortgage professionals will generally maximally allow a total debt-to-income ratio of no more than 36% in almost all cases as an utmost maximum and even then such a high debt to ...
Views: 1483(3 votes) - Industrial Mortgages and Commercial Mortgage Finance in Ontario - by Submitted on Dec 06, 2011 from David MandelCommercial Mortgage Finance in Ontario includes several property categories and is a specialized field of financing. Each type of commercial financing involves not only different types of financing but also different types of properties and verification methods. Commercial Mortgages can be ...
Views: 1481 - Who can be a Co-Applicant for my Loan against Property? - by Submitted on Jun 21, 2018 from Arwind SharmaAdding a co-applicant for a Loan Against Property adds support to the income of the primary borrower. Thereby, the application strength increases due to an improvement in eligibility. Needless to say, having a co-applicant for a Mortgage Loan makes borrowers eligible for a larger volume of loan. ...
Views: 1480 - HELOC Explained – Home Equity Line of Credit - by Submitted on Apr 08, 2011 from robin brainHELOC or home equity line of credit is one where the lender agrees to lend maximum amount within a mutually agreed time span. The period is called a term and the collateral is the equity of the borrower on his or her house. Use of Home Equity Home is the most valuable possession for any ...
Views: 1476 - Mortgage Protection Cover, a Good Supplement to Homeowner's Insurance - by Submitted on Aug 27, 2010 from daxen stewartAlthough homeowner's insurance is mandatory at the time of purchasing a new home, the coverage is not all inclusive, and could leave your family in danger of losing the residence if anything should happen to you. Homeowner's insurance provides coverage against acts of nature, water and fire ...
Views: 1473 - Mortgage Help with your Highlands Ranch Home - by Submitted on Feb 23, 2012 from Frank ScharnellAffecting our Local Highlands Ranch Homes When the mortgages in housing slipped it really hurt the market, but luckily there are programs emerging to help people stay in their homes. Locally, Highlands Ranch Homeowners along with many others were asking for some sort of help from them. Many ...
Views: 1463(1 vote) - Mortgage Net Branch for Small Brokerages - by Submitted on Sep 30, 2010 from Charles CailliauSmall mortgage brokers are turning to the mortgage net branch as the alternative business model to succeed in the highly competitive home lending industry. The net branch in the mortgage industry simply means branch partnership or affiliate which gives players more independence and less of the ...
Views: 1461 - How Women Can Access Healthcare And Housing Grants? - by Submitted on Sep 30, 2010 from Aalia DouglasHealthcare and Housing Grants for Women: The market of real estate has been exploding like anything in the last few years. With the prices reaching the sky, majority of people are being left completely out of market, as they are not able to afford even basis-a small home of their ownership. ...
Views: 1460 - VA-Veteran Loan Programs-The Key To Homeownership - by Submitted on Apr 20, 2008 from John MazzaraMany people are kept out of the housing market due to lack of sufficient down payment and/or funds available for closing costs. Yet these potential homeowners can afford to make a rental payment that would be equivalent to a mortgage payment. In fact, the lack of resources keeps veterans ...
Views: 1459 - How To Sell Your Home Fast And Efficiently! - by Submitted on Feb 19, 2008 from Mira RaduWhat better way to sell your house fast than by using the Internet? You can find a company that will allow you to forget everything about financial difficulties, making you an offer and showing you that the selling process doesn’t need to be difficult or alarming. A fast house sale ...
Views: 1452 - How Does a Reverse Mortgage Work, and Can I Qualify? - by Submitted on Feb 28, 2012 from Chris BeardThere are a few requirements that need to be met, when someone is thinking about a reverse mortgage. This type of financial arrangement can help a senior come up with some extra monthly income. If you are wondering what the requirements are for the process, then you may want to find out how to ...
Views: 1443 - Real Estate News - by Submitted on May 20, 2011 from Dan ThompsonLos 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: 1437(2 votes) - Who qualifies for a VA Home Loan - by Submitted on Jun 19, 2010 from Mark KreischersWho Qualifies for a VA Home Loan? There are several different eligibility requirements you must meet to qualify for a VA Home Loan. If you are not sure if you will qualify for a VA Mortgage, you should speak with a VA mortgage broker or a VA Home Loan Specialist. One of the first steps toward ...
Views: 1433 - Get Best Awareness of Mortgage Frauds - by Submitted on Dec 14, 2011 from Margarate PetersonMortgage fraud is a little different case from what the predatory lending is. In predatory lending, we see, only one party involved, and it’s the money lender. However, mortgage fraud is more complex term, and needs more concentration to be comprehended than predatory lending. There may be ...
Views: 1432 - How to Sell Your Home using a Slow Economy Vendor Financing, Land Contracts or Lease Options - by Submitted on May 02, 2011 from Naresh kumarUsing Lease Option or Land Contract may be the perfect solution to sell your house quickly in our sluggish economy. If you tried to view a realtor to sell your home yourself or hire stored, it can be a refreshing and realistic alternative to get the job done. There are many buyers who have ...
Views: 1423 - Warren Buffet Predicts Interest Rates Will Increase This Year - by Submitted on Jan 11, 2011 from Total MortgageDoes Warren Buffett, quite possibly the world’s top financial guru, predict that mortgage rates will rise in 2011? His most recent bond trades give good reason to believe that he does. Berkshire Hathaway borrowed 1.5 billion dollars by issuing fixed-rate bonds to pay off adjustable-rate debt. ...
Views: 1416 - Opportunity: Be a Landlord and Save the Housing Market - by Submitted on Apr 30, 2012 from Walid PetiriWhile housing prices are still well off 2008 levels and likely won’t recover for some time, you can make good returns investing in real estate. How?? Buy a foreclosed house and become a landlord. Purchase these single-family homes on the cheap, on your own or as part of a private ...
Views: 1413 - 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 - Factors that do not impact your CIBIL Score - by Submitted on Apr 21, 2018 from Abhvaya KaushalA Good Credit Score or CIBIL Score is one of the most important parameters that impact your chances of getting a loan at the best rates. While there are numerous blogs explaining the factors that impact your CIBIL Score, it is also important to know the factors that are not included in your ...
Views: 1402 - Where can I find Sheesham Wood furniture in India - by Submitted on Jan 10, 2020 from Dharmendra ChaharIn the current era, home interiors and design markets are in extensive demand for high-quality, affordable furniture. In India, Markets of wooden furniture has grown substantially on a large scale with heaps of margin within a single decade. However, The customers in India demand for ...
Views: 1402(1 vote) - Step by Step Guide to Take Home Loans in India - by Submitted on Mar 09, 2018 from Arwind SharmaWith the real estate market booming everyday, now’s the right time to opt for a home for you and your family. There are a lot of thoughts that go into purchasing a property. You go through the laborious journey of picking an area, a property, gauging out its price and value, and a lot of other ...
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