• 15

    Feb

    3 Things Every homeowner should know about mortgage refinancing

    Refinancing your mortgage may be the best option to get the money you need or get your finances back on track. However, there are a few things you should know before you dive head first into the world of refinancing. Being an informed consumer is half the battle. Use these tips to get a head start and familiarize yourself with mortgage refinancing. Know the Factors that Will Affect Your Rate There are several factors that can influence the rate of your loan. Failing to familiarize your self with these factors can be dangerous to you as a financial consumer. Once you’ve decided to refinance your mortgage make it a point to know the following facts and figures: Credit Score - As with any financial move, it’s always important to know your credit score. Your credit score
  • 14

    Feb

    Flipping redemption

    Buying low and selling high is the key phrase with real estate purchased for the purpose of flipping. The most important part of that phrase is buying low. With a foreclosure there are three times a purchase can be made. (1) Pre - foreclosure, when, or before the homeowner has been notified by the bank that because they are behind with payments the mortgage company is requiring a financial solution to be worked out that is acceptable to them, or to pay the loan off. (2) At the auction, or commonly called at the courthouse steps. (3) Or an REO property which means real estate owned. REO is what the bank calls the property, when they have gotten the property back, because it was not purchased at the auction. The common problem with a foreclosure is that because lenders have had available
  • 14

    Feb

    Proportion of Equity to Prevent Foreclosure!

    You are having a rough time with your rental property or even your private residence. The problem is that your mortgage payments and/or other expenses are driving you into the poor house and you cannot sell or even refinance the property in this market. You cannot keep up the mortgage payments or the negative cash flow much longer. You may not even be delinquent, but you know it is a matter of time before you will be. You may also be upside down in the property, that is you owe more on the property than it is worth. Is that your problem? We have the answer! It is called Equity Sharing. The last time those words were uttered was a generation ago in the early 1980’s, when interest rates were in the 14-19% range and few people could afford mortgages at those rates. People would ban tog
  • 13

    Feb

    Financial assets - risk or opportunity?

    I am trying out a rather risky investment thesis by investing in financial stocks. I have begun to start building a position in the major financial stocks. I believe that the last few weeks have presented some good buying opportunities for financials. The three financial stocks that I have invested in are Wells Fargo, JP Morgan and Bank of America. Wells Fargo is probably the best capitalized of the major banks. The recent addition of Wachovia has given Wells Fargo about 800 billion in deposits. Wells Fargo size is a major competitive advantage. They have a Tier 1 capital ratio and a solid balance sheet. Wells is currently the 2nd largest bank in the US in terms of market cap. Wells also has excellent management. Wells Fargo management have already accounted for a 74 billion dollar writed
  • 13

    Feb

    Homeowners in Foreclosure & 700 Billion Dollar Economic stabilization package

    We all know about the 700 Billion Dollar Economic Stabilization Package or how is commonly called: The Big Bailout Bill of Wall Street financial institutions that was just passed by Congress last week, and many homeowners wonder if it will include any extra help for the regular, middle class homeowners who are facing the possibility of foreclosure. The government plan to rescue the financial system was passed by the House for a vote after it passed the Senate Wednesday night. The Bill would allow the Treasury to buy up seven hundred billion of bad assets, most of which are backed by mortgages from banks, in an effort to clean up their balance sheets so that they can resume lending. Experts and economists say that the U.S. credit crisis will not be resolved until the housing market smoothe
  • 12

    Feb

    Countrywide and Obama change the federal loan plan

    Wondering how the Obama federal loan modification plan will affect your Countrywide loan workout application?  Will it be easier to qualify for the help you need to lower your monthly mortgage payment?  Even if you have already applied for a loan modification with Countrywide you may have a second chance.  Learn more about how the plan works and if you will benefit. Thousands of struggling homeowners have felt like they are painted into a corner with no option but to lose their home.  A Countrywide mortgage modification has been very difficult for many borrowers to qualify for.  The Obama federal loan modification plan will aim to provide relief to almost 5 million homeowners across the country, many of whom might have already been turned down for a loan workout.&
  • 12

    Feb

    Countrywide Loan Modification Help

    People love the concept of being homeowners but then God plays the final card; man proposes God disposes. Circumstances get really unruly and a man comes on the verge of losing his house. All such people lose an asset and at the same time lose the prestige they had built over years. This is where Country wide loan modification help comes into the picture. What would the homeowners not do to prevent foreclosure? Stop foreclosure is the principle on which Country wide loan modification works. It essentially sees the emotional investment that a home is, leave alone the monetary one. Thus it wishes that somehow the home should always belong to the owner. Bankruptcy and liquidation can be unnerving. The organization looks to give out plans which help the modification or restructuring of the mo
  • 11

    Feb

    Real Estate Investing 101 - Understanding the different types of creditors

    The changes in financing options available for residential investment properties over the last 5 years are staggering. Lenders have relaxed the credit and income guidelines for qualification that formerly deterred many would-be investors from entering the real estate. In addition, the down payment requirement has been eliminated for borrowers who qualify. This article surveys the landscape for lenders offering residential investment financing products. Types of Lenders: The lender landscape can be broken into the following broad categories: Conforming Alt-A Non-Conforming or Sub prime Hard Money Each of these offers loans for residential investment properties ( 1-4 unit properties). Conforming Conforming lenders are the A-Paper mortgage banks that cater to borrowers with excellent cred
  • 11

    Feb

    Repayment period and Foreclosure - How to use the opportunity to avoid another

    Few homeowners are even aware of the concept of having additional time after their house has been foreclosed that they can still remain in the property and attempt to refinance or sell. After all, the sheriff sale is just before the eviction, right? Well, not always, as some states allow foreclosure victims a set period of time, known as a redemption period, where the bank is not able to evict them or take over the property. But even when homeowners are granted a period of several months to keep their home, time is not on their side. The homeowners will have to begin immediately planning their solution to the foreclosure if they mean to take advantage of the redemption period. As soon as possible after the county sheriff sale, it would be best to come up with some options, especially if t
  • 10

    Feb

    Preventive measures related to housing crisis of the nation - Help Refinancing

    The current housing crisis has become a number one concern as of late, especially with the recent legislative proposal from a majority of democratic interests. With Senator Harry Reid leading the way, Senate Democrats have recently announced a package of legislation - The Foreclosure Prevention Act of 2008 - with direct intention to address the daunting national housing crisis as to hopefully better position Americans to avoid the burden of going through foreclosure motions. The Foreclosure Prevention Act of 2008 The Foreclosure Prevention Act of 2008 is purposefully planned to target and assist families in the midst of this stark national housing crisis. This act is aiming to assist families facing foreclosure to stay in their homes, aid other families to avoid foreclosures in the futu
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