Mortgage & Refinancing Information:
Applying for a home loan may not be the most exciting way to spend your time, but if you are like many potential homeowners,
it is probably a necessary evil. If you have some knowledge of the process ahead of time, however, it will go much more smoothly.
Tapping your home's equity to pay college expenses, consolidate credit card debt or even to buy a new car or boat is common
place. Many economists attribute the additional buying power afforded consumers through home equity debt as a primary reason
the nation's economy has been able to emerge from the recent recession.
Home equity loans and home equity lines of credit continue to grow in popularity. According to the Consumer Bankers
Association, during 2003 combined home equity line and loan portfolios grew 29%, following a torrid 31% growth rate in 2002.
If you are a homeowner, you've probably received offers to apply for a home equity line of credit (HELOC). Handled with care, home
equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash reserves for
emergencies, or pay for large expenses (like college tuition or home improvements) that have irregular payment schedules.
There are a variety of tools online that you can use to determine how much you can afford to pay for a home, how much the monthly
payment will be based on the sale price of a home, and calculators to tell you whether it is better to rent or buy based
on your personal situation. Using a home mortgage calculator online doesn't cost any money, and can be an extremely useful tool in your preparation and research for buying a home.
Private lenders, banks, and mortgage companies are all setting up shop on the internet, and all make it possible to obtain a home
equity loan online. Competition between lenders is stiff, so be sure to check a few companies that offer applications about their rates, products, and customer service.
Every year over 8 million homeowners are seeking help preventing foreclosure proceedings. This is a stunning 30 year high.
Obtaining a home loan is arguably the most expensive transaction you'll experience in your lifetime. Therefore, getting the best home at the greatest value is an endeavor worth pursuing.
A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current
debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral.
Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.
Want to know a little secret? There is an ingenious method you can use, to pay off your 30 year fixed rate loan, in 23 years or less. It's straightforward, simple, and easy to understand.
Let's start by taking a look at 7 key elements of an adjustable rate mortgage:1) ARM defined: While a fixed rate loan is constant
and never changes throughout the life of the loan, an adjustable rate mortgage changes periodically. The interest rate of an ARM goes up and down based on whatever external index it is tied to.
Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance,
courtesy of loans-directory.org: Down-Payment Fixed vs. Adjustable Rate APR Loan Types, Loan Amount Qualification, Income Loan
Amount Qualification, Expenses Employment and Credit History Points Sub-Prime LoansShort-Forms1.
We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance.
Tracing back, the concept of reverse mortgages began when one good soul, Nelson Haynes of Deering Savings and Loans wanted to
help out the widow of his high school football coach. Today that small act has developed into a popular financing option for the senior citizens.
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MORTGAGE-REFINANCING NEWS updated
Wed. November / 14 / 2018
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CUNA News (press release)
'Flat' mortgage market aheadCUNA News (press release)This year is turning out like most people predicted in the mortgage arena. Rising interest rates have significantly hampered the mortgage refinance market. The growth of the purchase market can only be as great as the inventory of available homes.
How Credible worksCredible News (blog)It's quick and painless. Tell us a little bit about you and your home to get accurate prequalified rates without impacting your credit score. 2. Compare rates from multiple lenders. View the interest rate and cost breakdown of each loan to choose the ...and more »
Mortgaging - Refinancing
related ebooks tips do it yourself how to articles:
Mortgage Reduction Solutions
USA ECONOMIC CONDITIONS. Today's sluggish economy has left millions of people struggling to financially make ends meet. Lou Dobb's coined
phrase "Assault on the Middle Class" continues.
Real Estate Lender - Get Approved For a Mortgage Loan Online
Real estate lenders now offer mortgage loan quotes and application online. You can be approved for a mortgage loan online in a matter of a few weeks.
No Money Down Mortgage Loans - Ways To Get Approved For a Home Loan Online With Zero Down
No money down mortgage loans enabled more people to own their own home. The following ways will help you get approved for a home loan online with zero down.
A Guide to Getting a Home Improvement Loan
If you've got a few things around the house that you'd like to spruce up but don't have the money for, you might want to consider getting a home
improvement loan. As the name implies, a home improvement loan is designed to pay for improvements to a house or other form of real estate.
Refinance Your House
If you have seen all the advertisements regarding refinancing your house you may be wondering if refinancing can actually save you money. The
answer is yes! Interest rates are at the lowest levels in decades and there has never been a better time to refinance your home.
Refinance Your Second Mortgage
A 2nd mortgage is a secured loan on your property, with your home serving as collateral. Depending on the particular terms of your second
mortgage, you could be able to refinance if you wish to reduce your
monthly payments or are in need of extra cash.
Home Mortgages: Does It Ever Make Sense to Pay Points?
Interest rates on home mortgages are often quoted with and without points. A point equals one percent of the amount you are financing.
Re-mortgage Debt Consolidation - The New Recourse For Credit Crunch
Shakespeare once said about human nature 'with nothing shall be pleased, till he be eased with being nothing'. It is human nature to not be satisfied with anything for long.
Home Equity Loan - Beware of Equity Stripping Scam
The market for mortgage refinancing has been brisk during the last few years. The boom in business can be attributed to interest rates that
have been at or near historic lows, and to lenders who have more money to lend now that they aren't investing in risky tech stocks anymore.
Home Equity Line of Credit - Great for Remodeling Projects
Many homeowners are lucky enough to find a house that represents exactly what they want in a home. They buy it, make the payments on it, and live more or less happily ever after.
Mortgage Debt Elimination
The prospect of mortgage debt elimination is something that many Americans are dealing with today. If you are concerned about your
current debt situation, constantly trying to eliminate debt from your life, you are not alone.
Fixed Versus Adjustable Rate Mortgages
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.
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 finance companies.
First Time Buyer Home Loans - Things To Consider When Applying Online
As a first time home buyer, there are several things you should consider when applying for a loan online. First, do you know what type of loan
you want? Secondly, do you want personal service or better rates? And finally, how do you plan on scheduling in a home loan? Type Of Loan
Mortgage loans come in a variety of financing forms to best suit your needs.
Home Equity Loans - Research Your Lender Carefully
Real estate prices are rising across the country, and Americans are tapping into their home equity like never before. Americans took out
$431 billion in home equity loans in 2004, and that amount may increase in 2005.
A Guide to Getting a Bad Credit Remortgage
There are several reasons why you might be in the market for a bad credit remortgage. You might be wanting to try to lock in a lower
interest rate, or perhaps you simply need to use the bad credit remortgage as a way to consolidate some of your debts.
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.
Buying a Home With Poor Credit Is Easier Than Ever
Buying a home with poor credit is easier than ever with online mortgage brokers. You can easily find sub prime lenders, compare rates and terms,
and complete the process on your schedule, not the banks.
Home Owner Loans Explained
How To Release Equity Locked Up In Your Home For Immediate Use. Free up the monetary worth tied up in your property by asking your financial advisor for information on a secured home owner loan.
The Best Tactics for Getting a Quick Homeowner Loan
Trying to find a quick homeowner loan can seem difficult at times, especially considering the days or even weeks that it can take for some
banks and other lenders to approve or deny a loan. The worst part is that if you're denied your loan, then you have to start over at another
bank and go through the same wait again! Luckily, there are other options available that speed up the process of getting a quick homeowner
loan? you just have to know where to look for them.