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
7 | 8 |
MORTGAGE-REFINANCING NEWS updated
Mon. September / 16 / 2019
Is it time to refinance your mortgage? KOMO News
Maybe you've noticed: The cost of borrowing money to buy a home is way down. Current rates on a 30-year fixed mortgage are well below 4%, down from above ...
Is now the time to refinance? Las Cruces Sun-News
Since there is no “one size fits all” reason why one may desire to refinance, the first order of business is to identify the purpose of the refi.
Should you refinance your mortgage? KOMO News
Sept. 10, 2019Maybe you've noticed: The cost of borrowing money to buy a home is way down. Current rates on a 30-year fixed mortgage are well below 4%, ...
Tips on avoiding mortgage insurance The Dallas Morning News
Q: I have a reverse mortgage and my house has doubled in value since I bought it. The cash from the reverse mortgage has been spent. I would like to get...
FHA sets limits on cash-out refinancing Washington Post
TOWN SQUARE | Beginning Sept. 1, FHA borrowers will now be limited to cash-out refinancing a maximum of 80 percent of their home value, down from 85 ...
Is It a Good Idea to Refinance a Home? Demotix.com
There are a few key reasons why someone would refinance a home loan, including:Attempting to get a lower interest rate. The first and most noteworthy motiva.
Refinancing for the Right Reasons Jewish Link of Bronx, Westchester and Connecticut
The Mortgage Bankers Association had an interesting statistic released earlier this week. They reported that overall mortgage application volume dropped 6.2% ...
Refinance rates ease for Friday Bankrate.com
Several benchmark refinance rates slid lower today. If you're shopping for a home loan, see how your payments might be affected.
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.
Free online ebooks tips news reports
do it yourself how to articles
Mortgaging - Refinancing
related ebooks tips do it yourself how to articles:
Secured Loans For Home
Improvement - When You Can't Buy A Luxury Home
A house is just perfect with chipped walls and broken taps.
Is it? If you don't think so, then home improvement loans
is what you should be looking for.
Foreclosure Scams To Be
Homeowners facing foreclosure should be aware of
unscrupulous lenders and scammers. Don't get me wrong, most
lenders and agencies are reputable and legit.
2nd Mortgage - Better
You have probably received refinancing offers in the mail
or advertised online touting your ability to pull out your
home's equity. But a 2nd mortgage, also called an equity
loan, may be a better financing option than refinancing
What On Earth are Home
Home equity loans are one of the most common types of
financing for doing improvements on your house. These loans
are not necessary used for home improvements but can also
be used to simply obtain extra cash.
Measurement 101 -- Evaluate Your Own Ability to
We live in a society where people are losing their homes at
an alarmingly high rate. There are several reasons for
this, but one could certainly be avoided -- buying a house
that creates a loan that is too large for you to handle.
Home Loans - Would You
Buy a Home Without an Inspection?
The housing market has exploded, with home prices rising
beyond all reason in some markets. Home prices have doubled
or tripled during the last five years, and in some cities,
the asking prices for homes are considered only to be
suggested opening bids.
Should You Get an
Interest-only Home Mortgage?
Before you consider taking out an interest-only mortgage,
you should first understand what they are. Unlike
traditional, fixed-rate mortgages, interest-only mortgages
allows the borrower to initially pay the interest on the
principal for a short period of time, rather than making
payments on both the principal and the interest.
No Money Down Home
Are you in the market to purchase a home but are concerned
about not having enough money for the down payment? No down
payment home loans or 100% financing for your mortgage loan
used to be only advertised during late night infomercials
and in obscure real estate publications. The good news is
that if you want to buy a house but have little or no money
available for the down payment, there are mortgage lenders
who are offering no money down home loans in your area.
A Guide to UK Buy to Let
Essentially there is little difference between the process
that one follows for a buy to let mortgage in the UK than
there is for any other type of mortgage. The lender still
has to consider your credit worthiness, the value of the
property, how much down payment you can afford and all of
the other usual considerations.
A Personal Mortgage
I don't know what the mortgage situation is around the
world but here in England the mortgage industry is a
constant point of debate. It used to be that everyone
aspired to having a mortgage on a nice home - you know the
kind of house with enough rooms to cater for the average
family with 2.
Sell Your Home and
Invest at the Same Time
I continue to see the same For Sale signs in my
neighborhood. The houses just aren't selling.
Need a Mortgage,
Refinance or Equity Loan? Learn What it Takes, Before
Do you know what it takes to qualify for mortgage and
refinance loans? There are several factors involved with
qualifying for a purchase, refinance or equity line of
credit, and having an in-depth understanding of these could
make the difference in you being accepted or turned down by
a bank loan officer. Here are some things loan underwriters
use in seeing if you qualify for a loan: your credit
rating; your income; the amount you wish to borrow vs.
Option One Mortgage
Loans - Getting an Option ARM or Option One Mortgage
Have you heard about or been interested in finding out more
about option one mortgage loans? They are becoming very
popular, but its important to understand how they work
before you apply for one. I will describe, in this article,
an overview of the most common type of option ARM mortgage
loan or option one mortgage loan.
Information You Need to Know
Reverse Mortgages are exploding in popularity and as the
baby boomers reach age 62 and beyond they will become
eligible to cash in on their home equity with a reverse
mortgage. A reverse mortgage is a home loan that you do not
have to pay back for as long as you live in your home.
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.
Looking for home mortgage loans can get confusing with the
alphabet soup of mortgage loans programs available today.
Most of these programs are just variations of fixed rate
and adjustable rate mortgage loans.
A fixed-rate mortgage is a mortgage on which the interest
rate is set for the term of the loan. Your interest rate
stays the same for the term of the mortgage or for a
specified period of time.
Home Loans and Mortgages
- Watch Out for Dangerous Subprime Loans
With the growing interest in real estate purchasing and
speculation, more and more lenders are offering
"nontraditional" types of mortgages. These include
adjustable rate mortgages (ARM) of every shape and size,
the more popular interest-only mortgage, and the very
dangerous Option ARM mortgage, which can cause the amount
you owe to actually increase as time passes.
Securing a US Commercial
What's the most efficient way to secure a US Commercial
Mortgage? Work with a mortgage broker who specializes in
this area. If you've ever applied for a loan, you're
familiar with the mountain of paperwork you are required to
complete during the process.
Finding the Best
Mortgage Lender Online
Finding the best mortgage lender online is simply a matter
of doing some smart shopping. Begin by gathering your
financial information, and then request quotes from several
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