Mortgage & Refinancing Information:
The best way to explain why a mortgage professional is always
better than a banker is to use an anecdote. My parents lived in
the house I grew up in for 35 years, so it was finally time to
There are great mortgage loans for people with poor credit, and
yes, you can still save thousands of dollars. In order to receive
preferential treatment for mortgage professionals, you'll need a
credit score of 680 or better (this is considered A credit).
A few years ago, if you had a bankruptcy or a foreclosure on your
credit report, you could forget about trying to get a mortgage
loan. If you were lucky enough to find someone who would finance
you, your interest rate would be through the roof and plan on
putting 10-20% down.
If you have less than perfect credit and are looking to get
approved for a mortgage loan, be careful not to make some common,
costly mistakes. When dealing with sub-prime mortgage lenders or
bad credit mortgage lenders, many people are taken advantage of
because of their eagerness to get approved.
When you are hunting for a mortgage, you will find that there are
many different types of mortgages available. I will list some of
the more common ones and their uses.
Being a creature of habit can cost you plenty when it comes to
applying for a commercial mortgage instead of going through an
independent commercial mortgage broker. Let me tell you why.
Getting a home loan with bad credit has actually never been
easier than it is today. Here are some tips to help improve your
chances of success: Find A Good Real Estate Deal - If you can find
a property that has some equity in it when you purchase it, you
may have an easier time getting financing on that property.
Here are some of the benefits to doing your home loan refinance
online: Everything seems to happen faster - Online, when looking
for a mortgage loan you can search around, fill out an
application and a few minutes later, you can be receiving a
pre-approval letter via email. There was no calling, no driving
& no waiting on hold for an answer.
Your search for a mortgage isn't leading results. Check for any
It is likely to be one of the largest purchases of your life, and
it can be extremely nerve racking and overwhelming. Buying a new
home! Whether you are buying your first home, or moving to a new
home; purchasing a home and shopping for home loans is a major
decision that requires a lot of time and energy.
It can happen to anyone, the roof is leaking, the credit card
bills are pilling up and it is almost time for a new car. But
where are you going to get the money to do all of these things?
The need for extra cash can be very frustrating and worrisome,
however if you are a home owner you have a variety of financial
options available to you that you may not even be aware of.
To paraphrase an old familiar quote that goes "there's gold in
them there hills, you could say, there's gold in that house. As
Martha Stewart would say, "it's a good thing".
There are many benefits to interest-only mortgage loans. There
are many situations where an interest-only mortgage loan could be
best for you.
There are some definite benefits to doing a cash out refinance.
Just make sure that overall you are not going to be spending more
money in fees and interest doing a cash out refinance as opposed
to a home equity loan.
If you are wanting to get a home equity loan, rates are still low
enough that you may want to make use of that equity in your home.
Do you need some ideas on what you could do to multiply your
equity or make some extra money off of the capital that could be
available to you? Here are some suggestions of ways to put the
equity to good use when you go to take out a home equity or cash
out refinance loan.
More Articles from Mortgage & Refinancing
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MORTGAGE-REFINANCING NEWS updated
Wed. May / 22 / 2019
Mortgage rates move higher for Tuesday Bankrate.com
Multiple closely watched mortgage rates rose today. The average for a 30-year fixed-rate mortgage were higher, but the average rate on a 15-year fixed receded ...
Refinance mortgage rate drops for Friday Bankrate.com
Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a refi, see how your future mortgage payments could be affected.
Refinance rates decline for Tuesday Bankrate.com
Several closely watched refinance rates trended down today. See what that means for you if you're in the market for a mortgage.
Mortgage rates decline for Tuesday Bankrate.com
Several benchmark mortgage rates slid lower today. If you're shopping for a home loan, see how your future mortgage payments could be affected.
Refinance rates advance for Tuesday Bankrate.com
Several closely watched refinance rates notched higher today. If you're shopping for a home loan, see how your payments might be affected.
Mortgage rates decline for Thursday Bankrate.com
Several closely watched mortgage rates decreased today. If you're in the market for a mortgage, see how your payments might be affected.
Mortgage rates fall for Monday Bankrate.com
Several closely watched mortgage rates trended down today. If you haven't locked yet, see how your finances could be affected.
Mortgage rates climb for Monday Bankrate.com
Several benchmark mortgage rates notched higher today. If you haven't locked yet, see how your future mortgage payments could be affected.
Mortgage rates rise for Monday Bankrate.com
Multiple benchmark mortgage rates advanced today. If you're shopping for a mortgage, see what that means for you.
Mortgage rates fall for Wednesday Bankrate.com
Several closely watched mortgage rates sunk lower today. The average rates on 30-year fixed and 15-year fixed mortgages both were down. On the ...
Refinance rates retreat for Thursday Bankrate.com
Several key refinance rates ticked downward today. If you're in the market for a refinance, see how your finances could be affected.
Is a No Closing Cost Mortgage Right for You? U.S News & World Report Money
A no-closing-cost mortgage conserves cash upfront when borrowers buy or refinance a home, but you will pay more interest over the life of the loan.
How to Get a Mortgage for a Rental Property U.S News & World Report Money
Mortgages for a rental property are different from home loans for your primary residence. For example, the interest rates for a rental property may be higher.
How to Refinance a Small Business Loan U.S News & World Report Money
Refinancing a small business loan, compared with a mortgage, has a few more steps and may require as much documentation as your initial business loan.
Valid Reasons to Refinance Your Home Loan Student Assembly of the State University of New York
You should only plan to refinance your existing mortgage if you want to pay a lower interest rate, consolidate other loans, and eliminate insurance.
A Look at Mortgage-Backed Securities Trends DSNews.com
According to the Bloomberg Barclays U.S. MBS index, MBS Index duration, or the measure of a security's price sensitivity to a change in interest rates, now sits at ...
Refinance rates rise for Friday Bankrate.com
Multiple closely watched refinance rates notched higher today. See what that means for you if you're in the market for a home loan.
Should You Refinance Your Mortgage? Forbes
Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ...
How to get a free copy of my credit report? You may obtain a
free copy of your credit report annualy.
FCRA requires each of the three nationwide CRAs (Credit Reporting Agencies) to provide a consumer with a free copy of his or her credit report, at the consumer's request, once every
12 months. The 3 nationwide CRAs have a central website, toll free telephone, and a mailing address to which consumers may request a free annual credit
report. To order a free copy of your credit report contact (A).
(B). Call 1-877-322-8228 or (C). complete the
Annual Credit Report Request Form at www.ftc.gov/credit and mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA
You may also be entitled to additional free copy if you have been denied
credit, insurance, or employment or otherwise taken "adverse action" as
defined in FCRA against you based on information in your credit report.