Home Mortgage Rate Shopping - Why Some Shoppers Give Up And
About 29% of current homeowners and a much larger percent of
consumers with income levels above $50,000 feel it best to stay
as far away from offers to finance or refinancing their home as
possible. And this seemly for good reason. Trying to get a great
deal on a mortgage loan or shopping for low rate refinancing can
be a pain in the neck and a complete and total hassle for most of
us. What's worse, when we think we've found a great offer we're
made to feel like a heel when we start asking questions about
rates, points and fees. But of course their making us feel like a
heel is all a part of the game, right?
The fact is many large transactions make it to the closing
table under duress, an urgent need to relocate or the pressure to
relieve oneself of heavy debt obligations. Aside from these
factors most of us just aren't motivated to make changes on a
financial basis even if means risking sustaining our present way
Ignorance Is Bliss Until... Often the real reason
behind not being motivated to make major home improvements or
lower ones mortgage rates to something more reasonable may very
well be the bliss of ignorance. That is to say the bliss of
simply not knowing how. Not knowing how to finding the right
loan. Not knowing how to find the right lender. Not knowing how
to lower ones rates or how to eliminate all the unnecessary red
tape. Not knowing how to tell a predatory lender from a lender
who actually has your best interest reflected in his closing
documents. Not knowing how to accelerate the loan process. It's
no wonder we don't know how to approach these issues, most of the
news articles and periodical we read don't address these needs
and issues with enough depth to achieve the desired results.
The sad thing is when we finally decided to look into doing
something about it all we get fed is a bunch of hot air from
folks who can't wait to get their grimy hands on our money or
worse hour home. So we sit and we wait until the pretence that we
are protecting our assets runs thin. While we wait and do nothing
we are confronted with the fact that while everyone else's home
is appreciating ours may actually be depreciating not to mention
the need to address all the mounting credit card debt and those
bills that seem to be piling up daily. Yes ignorance is bliss
until the roof caves in or the termites take a bite out of that
Knowing Is The Best Motivator We must admit at some
point in time that protecting our assets can be better
accomplished when we know exactly who and what we're protecting
them from in the first place. And that would be our creditors,
the termites and above all ignorance itself.
Getting to know our financial situation better as well as our
options for improvement may actually help us protect and maintain
what we value most - our way of life.
From Borrower To Investor According to The Mortgage
Loan Search Network, an online informational resource at
www.bcpl.net/~ibcnet the key to protecting our assets is allowing
their value to reach it's full potential. That is to say, when
our money and other assets increase in value and start to make
money we are in a better position to maintain what we've worked
so hard to acquire.
That said, when one must opt for a home equity loan or cash
out refinance loan in order to make necessary improvements in the
home or invest in a business or pay college tuition costs the
borrower in fact becomes an investor. The money borrowed is being
used to bring in a greater return. With that in mind a site
called LowMortgageRates at www.lowmortgagerates.cc. lists a
number of ways to borrow cash, reduce mortgage rates while
lowering mortgage payments, increasing ones home value and
creating an income stream to offset debt and eventually eliminate
most if not all debt over a shorter period of time.
Getting To The Bargaining Table Still the questions
looms, how do you find the right loan, the right lender, lower
your mortgage rates, eliminate unnecessary red tape, avert
predatory lending schemes and accelerate the loan process?
According to one mortgage rate shopping site much of this can be
handled in the following ways:
1. Work with your current lender. All your loan documents are
already on file accelerating the loan process.
2. Get recommendations of good, reputable, credible lenders
from respected trusted sources such as family members, friends
3. Ask recommended lender for references from satisfied
4. Get several low mortgage rate quotes using online
The low mortgage rates network at www.lowmortgagerates.cc
presents foolproof methods of screening lenders and getting the
rates you want quickly and painlessly. For example, the site
suggests that when you're ready to step over to your current
lenders bargaining table bring along low mortgage rate offers
from other lenders such as those found online. This will motivate
your current lender to meet or beat your best offer.
Ignorance is only bliss until the unforeseen overtakes us.
After that we either kick ourselves for not knowing or we smile
warmly and proudly for having taken the time to learn how to
protect our valued assets and way of life.
Mark Askew is the founder of the LowMortgageRates Network, a
mortgage and home refinancing information resource for low
mortgage rate shoppers located on the web at http://www.lowmortgagerates.cc
MORE RESOURCES updated Wed. August / 23 / 2017
How to Get the Best Mortgage Refinance RatesMotley FoolHow can you get the best rates when refinancing your mortgage? Follow these steps to get a good deal on a refinance loan. Christy Bieber. (ChristyB). Mar 25, 2017 at 7:06AM. Homeowners who refinanced a $200,000 mortgage in the first quarter of 2015 ...and more »
RELATED MORTGAGE AND REFINANCING ARTICLES:
What is an Offset
An offset mortgage is very similar to a current account
mortgage - but instead of having everything all in one
account, all accounts are held separately. The offset
mortgage concept treats your money as one giant pot, with
each element (mortgage, savings, current account etc)
separate to the rest.
Choosing a Real Estate
Before you go looking at houses, you'll need to find a real
estate agent. Hiring a real estate agent takes a little bit
of time to do.
How to Utilize Your Cash
Investment in Your Home
Have you ever noticed how hard it can be to get to the
equity in your home?Recently I had a client come to my
office who had quite a bit of equity in their home. I'm not
talking about $50,000 or even $200k, I'm talking about over
Getting the Best
Homeowner Loan for Your Money
With so many lenders out there, it can be hard to tell if
you're getting the best homeowner loan for your money.
Banks, finance companies, and online lending services all
offer competing loans, but determining which offers you the
best homeowner loan can be tricky.
How to Find a Good
Online Homeowner Loan
A quickly growing trend in lending is the online homeowner
loan. This loan uses the equity that you have in your home
to secure the loan amount, and features both a convenient
way to apply and check on your loan as well as faster
decision times and lower interest rates than many loans
offered by more "traditional" lenders such as banks and
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.
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.
How to Get a Cheap
If you're looking for a cheap homeowner loan, you might be
wondering what you can do to reduce the amount that you
have to pay. The simplest answer lies in two things?
shopping around to find the lender that offers the lowest
interest rates on a cheap homeowner loan, and maximizing
the value of your loan against the equity in your home
that's being used as collateral.
How To Find A Mortgage
With Bad Credit
Shopping online for mortgages ought to be trouble free,
even should you have poor credit or no credit score. You
can nonetheless find a bad credit lender that can
First Time Buyer
Mortgages - Transforming Homeless into Property
Having just settled in life, you are finding the rentals
putting too much of a burden on your finances.
Nevertheless, you continue the payments thinking that
purchasing a home would be practically impossible.
Remortgage Serves To
Rewind The Reimbursements Of Mortgage
It takes a mighty big effort to secure a home and even
mightier to convert it into an earning member. Can a home
be converted into an earning member? In contemporary
configuration anything is possible! You must be aware of
the advantages of mortgage, for you certainly have opted
for that before going for a remortgage.
What is a Fixed-To-Adjustable Rate Mortgage? This type of
mortgage offers fixed payments for an initial loan period
of up to10 years then followed by an adjustable interest
rate for the remaining term of your mortgage. Payments are
usually lower than most fixed rate mortgages.
Fixed Versus Adjustable
Which One Should You Choose? Choosing between a fixed rate
loan and an 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.
Home Loans For People
With Poor Credit - Understanding The Requirements For a
Home loans for people with poor credit demand that you
understand the requirements for a subprime mortgage loan to
get the best rates and terms. By satisfying the
requirements, you can be assured of securing a subprime
mortgage to buy a home.
10 Questions To Ask Your
Mortgage Rep or Bank
This post is a must read for anyone considering purchasing
a home be it today, tomorrow or next year. It is sound
What is a Repayment
A repayment mortgage is the type of mortgage that most
people think about. The idea behind a repayment mortgage is
that you pay monthly for a set period and each payment
consists of an element of capital and interest.
Home Loans for Credit
Just because you have negative items on your credit report
doesn't mean you can't obtain a home mortgage loan. There
are options for you.
Flexible Mortgages -
Offering Relief from the Fixed Mortgage
A pension mortgage may seem lucrative at the first sight.
However, they seldom are, if the customers who took pension
mortgage are to be believed.
A Guide to Quick
The search for quick homeowner loans can seem futile at
first, especially if you don't know exactly what it is that
you're looking for. Different lenders may take longer or
shorter periods of time to make loan decisions, and the
time that they use may be time that you desperately need.
Bad Credit? Qualify
Yourself For A Zero Down Mortgage Loan
I decided to write this article today after closing a home
purchase loan for a couple that had some major credit
issues. They got into the house with ZERO down payment, and
only had to bring $600 for the closing costs.
used office furnishings-supplies-equipment-desks-cubicles-service-counters for
sale in Akron Ohio
Die cast model cars for sale in Akron Ohio
used cars for sale in Akron Ohio
unfurnished homes for
rent in Akron Ohio
ARM compare rates find the best rates current in your area lenders read reviews calculator adjustable rate loan home lenders brokers
quotes florida houston gmac washington interest only 2nd software debt consolidation
reverse senior equity texas maryland options lending bad credit
option one ameriquest chase first banks emc residential california miami dallas est branch marketing
home company commercial yahoo online bad credit low credit no credit