Mortgage & Refinancing Information:
Home buyers are often confused about where to begin in their
search for a home loan. The process is usually narrowed down to
finding which institutions provide the lowest settlement costs,
but the different types of lending institutions and the variety
of lending programs available can make the search a slow,
Getting on top of your mortgage so you can pay your loan off
faster and potentially save thousands of dollars on your home
loan is possible with a plan and consistent effort. There are
mortgage reduction strategies that you can put into place that
will ensure that your loan is paid off more quickly without
putting a huge strain on your current budget.
Once you have made the decision to buy a home you will need to
obtain mortgage financing for your purchase. Until about fifteen
years ago buyers had to go directly to banks to obtain loans and
shopping around for the right fit was a long process.
How much interest are you earning on your home equity? If you
answered nothing, zero, zilch, zip you are correct. What would
you do if you could get triple compounding on your equity? Would
you take action and build a fortune that would allow you to pay
off the mortgage and create a retirement fund? We use a strategy
called Early Mortgage Pay Off System or EMPOS?.
Buying a home is probably the single largest investment most
people make in a lifetime. By preparing yourself and your credit
before a home purchase or refinance, you can ensure a smooth
finance process and can potentially save thousands on your loan.
One of the things that bothers me about the mortgage industry is
the number of unscrupulous brokers that operate in this
market. Talk about giving the industry a bad name! I worked for a
mortgage lender until quite recently and I used to be shocked at
the fees that brokers charged their clients.
Procurator fees paid by some sub-prime lenders are too
You've been thinking about buying your own home for quite a long
time, and now you're ready to take the plunge. You've been saving
money for a down payment, and you know the next step is preparing
to apply for a mortgage.
Perhaps you're a homeowner in need of some quick cash. Maybe you
want to consolidate your debts so you have better control of your
How does an ARM work. The borrowers interest rate is determined
initially by the cost of money and the time the loan is made.
Most people probably assume that obtaining a mortgage to purchase
a home, refinance or to consolidate debt after a bankruptcy is
out of the question. In fact, many people are able to obtain
these mortgage services, even 1 day after a bankruptcy discharge
in some cases.
A home owners' insurance is the cover for the house against
natural calamities as well as liability. This covers the house
and its contents but also other personal possessions which the
Having a pre-approved mortgage will give you the confidence of
knowing exactly what you can spend on a home before you start
looking. You will also be protected against interest rate
increases while you look for your new home.
This article will help you understand the differences between a
variety of mortgage options. There are many different mortgage
products offered by the various lending institutions in Canada,
so you may not know what features to look for.
So you have a mortgage on your home or planning to get one?
Here's something to consider if you want to reduce your interest
payment and save on thousands of dollars. Consider going in for a
bi-weekly mortgage payment plan.
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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 »
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Housing Bill - Changes in
the Right To Buy Scheme
Presently council tenants are able to purchase their rented
property after 2 years of tenancy. However, this is about
Refinancing Online -
Tips For Getting a Low Interest Rate When Applying
Refinancing online is a great opportunity to find low
interest rates. Online mortgage lenders provide information
about rates and fees for easy comparisons.
Types of Home Equity
There are at least two types of home equity loans. The first
is a term or closed end loan and the second is basically a
line of credit.
Consolidate Your Debt
With a Home Equity Loan and Improve Your Credit
A home equity loan is a loan based on the difference
between what your current home value is and what you
currently owe on your house. There are also mortgage
companies that will loan a little over the equity you have
in your home.
Mortgage Loans For
People With Adverse Credit - How Much Should You
"How much should you borrow?" is a question people with
adverse credit wrestle with. The answer is simply as much
as you can afford.
Money Smart Homeowners
Use this Mortgage Strategy Every Time
There are currently more than 50 million home mortgages in
the United States today. So why aren't more homeowners
taking advantage of the highest yielding lowest risk,
tax-free financial strategy available today? Let me ask you.
Home Equity Line of
Credit - Great Idea for Rainy Day Emergencies
Most Americans tend to live on a paycheck-to-paycheck
basis, and the typical household has nearly $10,000 in
credit card debt. Adding to that is the fact that Americans
are saving money at the lowest rate in history.
Secured Lending - a
Guide to Releasing the Value in Your Home
The recent boom in house price values have made some
homeowners more wealth than they could have possibly earned
though working in their jobs, however what use is all that
wealth if you can't get your hands on it until you've sold
your house? The quickest and easiest way to unlock the
increased value in your home is often a secured loan that
will allow you to receive a lump sum upfront without having
to move or remortgage your house. Why take a secured
loan? Perhaps it's time to take that amazing touring
holiday, perhaps it time to replace the kitchen or even
build an extension to your home, with unsecured lending
normally restricted to amounts less than £25,000 if
you need borrow more money then the best option will be a
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.
W. Edwards Deming said "Marketing and innovation are the
only source of value in business, everything else is a
No Deposit Home
A few years ago, many of us would have had a light chuckle
to ourselves if someone mentioned that you could borrow
money to buy a house with only the promise of solid future
earnings. But today this is a regular occurrence.
Fixed Rate or
Fixed rate or adjustable rate mortgages are two choices of
mortgage loans that most lenders will offer you. Your
financial situation, how long you plan to live in the home,
the current interest rates, and what risks you are willing
to take is the best way to decide which loan makes the most
sense for you.
Where To Find The Best
Rates For Your Mortgage?
As with all of my articles this will be based on a scenario
in my home town. (Which may be similar to yours).
Secured Homeowners Loans
- In Case You Thought a Home is Worth Few
Money is like music, if managed well, produces a good
symphony. One wrong note - one wrong decision - it produces
a jarring sound.
Making Sense of Mortgage
Applying for a home loan can be overwhelming. You will need
to contend with mountains of papers, contracts, documents;
and do lots of planning and coordination.
Home Buyers Face
Decisions that Affect Their Long-Term Financial
Taking the step for prospective home buyers into home
ownership is one of the most important financial decisions
a person will make in their lifetime.
Mortgage Elimination- A
Horrible and Sure Way to Lose Your Home to
"Own your home free and clear in 3 to 4 months. Note paid
in full!" How does this statement sound to you? Does it
bring out a sentiment of grand larceny or does it peek your
interest as a means to quickly and legally increase your
personal net worth? Would it be moral to cancel a debt you
made in such an easy and unfathomable manner? Most
importantly, if you were behind on your mortgage would you
pay someone $3,000 to perform this elimination service for
you? Unfortunately, the answer for many homeowners is "Yes".
Desperately Seeking Good
Leads, The Adventure Driven Loan Officer
As loan officers, the word "lead" is by far one of the most
common words we use during the day, it is the topic of many
of our conversations, it is praised and cursed, it is good
and it is bad, it is loved and it is hated, on bad days it
is hard to find, and on good days it falls right into our
lap. The lead is a specter that haunts us constantly, we
can't get enough of them, no mater how many or how little
we have, we are constantly searching for more.
Be Prepared With Your
Home Equity Loan Checklist
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.
Refinancing Online - Get
The Best Refinance Home Loan You Can Get
When going to refinance or get a mortgage loan quote, the
internet can be a useful tool to shop around for the best
interest rate. The reason the internet is a good place to
start applying, is because most mortgage applications
online do not typically pull your credit with the first
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