• 4

    Feb

    Learn how to get a mortgage Although bankruptcy

    You are probably thinking how in the world can I get a mortgage while in Bankruptcy? Well guess what you can. In this article I will teach you what to do. Two of the most common bankruptcies among people are Chapter 13 and Chapter 7. Here are there attributes. Chapter 13 Chapter 13 is where you set up payments with the court to a trustee. This typically takes place over 5 years. You will pay back a portion of what is owed to creditors. Chapter 13 stays on your credit report for 7 yrs. Chapter 7 Chapter 7 is where you file bankruptcy through the courts, and dissolve all debt. This particular bankruptcy is looked at much more harshly with creditors and stays on your credit report for 10yrs. Bankruptcy is usually the last resort when it comes to getting yourself out of a swamp of credit prob
  • 4

    Feb

    Losses consequences - Slash your mortgage payments, even if you Upside Down in your home

    It is estimated that 1 in 10 homeowners with mortgages are upside down in their homes, as of March, 2008. As alarming as that is, the projection is that as home values continue to plummet, 1 in 3 home owners will be upside down by the end of this year, 2008. Let me just take a moment to explain exactly what I mean when I say upside down. It means that you owe more than your home is worth. Another term for this situation is “underwater.” A good example would be a friend of mine who has a house he built in Tampa, Florida, and has just moved into it from Long Island, NY. He owes $295,000 on it and the builder is now selling similar houses for $185,000. My friend is seriously underwater. Not only that, his mortgage will adjust in a year to a number that will probably push him in
  • 3

    Feb

    The best samples of Beach House

    When we go about the home, many things to take into consideration. Building a summer home is no exception. Not only should your beach house designs take in to account the dimensions of your property, but also the specific details of its location. For example, when you purchase beach house designs, they cannot reasonably tell you how well their house would stand to a hurricane. That is the job of builders, inspectors and engineers. What’s about flooding and earthquake? Your holiday residence might be where you escape to dream a little, and take a break from your everyday life, but you shouldn’t be day-dreaming during the planning phases of its construction. Take into account all the details that may affect your beach house. The fact of matter is that merrily getting a qualit
  • 3

    Feb

    Real estate professionals - Don't broker price opinions to make a mint in a shaky market

    Today’s real estate market is on shaky ground, right? Despite the fact that interest rates are being lowered, many traditional buyers just aren’t buying right now. Foreclosures are reaching all-time highs. The housing boom several years back saw a market that went crazy with buyers and realtors were overworked but bringing in the money. But that has come to a (hopefully temporary) halt with the downturn in the economy and rising prices at the gas pumps and on the grocery store shelves. As is usually the case with most things in life, the real estate pendulum will likely swing back to its stronger side, but as a real estate professional, you are probably feeling the pinch and are looking for a way to improve your business now. If you have not yet done so, you may be well served
  • 2

    Feb

    Not as a result of a house at auction With Your Home Loan Refinance

    Your 5-bedroom house that was worth $400,000 just got sold at $222,000. You’ll gain little, or nothing at all, because the mortgage company is breathing down your neck. This scenario is happening all the time. You don’t want this to happen to you, so go into your home loan loan refinance with your eyes open. What’s Going On? The foreclosure crisis hit several states - Arizona, California, Florida, and Minneapolis, to name a few. Read up on the news to get a picture of what’s happening in these areas and get a glimpse into the lives of the people losing their homes and investments. Houses for foreclosures are on the auction block in many parts of the country hit by the foreclosure crisis. Eager buyers are buying them with an initial payment of $5,000 in checks, and
  • 2

    Feb

    Countrywide Loan Modification - who gets a reduction level and why?

    A Countrywide loan modification that features a reduction in the principal balance is offered to some homeowners-but who qualifies for this very important feature and why? The $8.6 billion dollar predatory lending lawsuit that Countrywide agreed to included a provision that allowed for the reduction of the amount owed on certain loans and in certain geographical areas. Homeowners who are struggling with unaffordable mortgage payments and now owe more than their home is worth need to know if they qualify for this loan modification option. Here is some helpful information about who could qualify. Countrywide agreed to offer eligible borrowers in 11 states loan modifications that featured: Waiver of late fees and penalties Reduction in interest rates to as low as 2.5% Principal reduct
  • 1

    Feb

    Do's and Don'ts in obtaining New Home Mortgage

    Considering getting a new home mortgage to get better interest rate, lower monthly payment or shorter loan term? Well, you might just be in the right track. Put simply, a home mortgage refinance is only a sound financial decision if you save a good amount of money out of it. When is it a good idea to refinance? Refinancing is sound if you have an existing adjustable rate mortgage which is increasing in a pace too fast for you to carry on, or about to make a balloon payment you are not ready for. Refinancing also makes sense if you need some extra cash for a big expenditure such as a much needed house renovation or college tuition. Before these circumstances put you in deeper financial trouble, it may be a good idea to get a new home mortgage and refinance your problems away. There are a g
  • 1

    Feb

    How to avoid mistakes 7 Deadliest refinancing Buyers Make

    “It’s important that your mortgage refinancing is done for the right reasons, with your eyes wide open” Everyday many people turn to a mortgage lender to help them refinance a home loan, however because many of them don’t know all of the significant issues, they often make incorrect choices. By taking a few minutes to read through the “How to Avoid the 7 Deadliest Mistakes Refinance Shoppers Make” you can reduce or eliminate the chances of making a critical error and save thousands on your home mortgage. 1. Make Sure of Your New Interest Rate Make sure that you save enough on your mortgage refinancing to justify the process. It is best to seek low interest rate home loans, in order to decrease your existing interest rate by at least .75% to 1%. For exam
  • 31

    Jan

    Mortgage Net Branch Company

    Mortgage net branch companies are also called mortgage net branch originators. These are the companies huge enterprising conglomerates that wish to spread their mortgage business all over the nation, or maybe all over the world. These are the companies that invite franchises, better known as mortgage net branches, from all over in order to conquer hitherto untapped territory. Originators gain by getting more business and goodwill; net branches gain by getting their brokerages and security of business. Though mortgage companies wish to have as many net branch companies in as many parts of the nation as possible, they do not blindly select their branches. There are certain judging parameters. Of chief importance is whether the applying branch has its own license in the state where it is g
  • 30

    Jan

    Bad credit mortgages - truth or reality?

    If this article had been written two years ago, I’d have a glowing optimistic view for those with bad credit. But its 2008, not 2006 and lots of things have changed. Used to be that if you wanted a mortgage, even if your credit was horrible, all was needed was to be able to pass the mirror test. If the broker placed a mirror under your nose and it fogged up…you got your mortgage. Gone with the wind are those days. The sub prime mortgage fallout has caused repercussions that have reverberated through the entire financial industry, not just the mortgage field. The first thing that you are asked when you apply for bad credit mortgage loans is ‘What is your credit score?’ What’s your answer? Don’t know what your credit score is, well you had better find out

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