• 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
  • 10

    Feb

    Mortgage, refinancing & Debt Solution

    As the mortgage crisis continues and you begin to look for a solution to be able to keep up with your mortgage payments and your beginning to realize that it’s becoming next to impossible. You start to prioritize your bills and you slowly start to fall behind on your credit card payments. You start scrambling for a solution and you cant seem to stay afloat any longer. You know you need to keep your mortgage and secured debts current, but cant afford the alarming interest rates that your credit card companies are charging you each month. So you sit down and start to prioritize your bills and quickly come to the realization that something needs to be done soon or your about to drown. If you haven’t thought about Debt Consolidation as a way out, then now is the time. If your prim
  • 8

    Feb

    Ensure Speedy mortgage

    The world of real estate is constantly changing. Today we hear the term “Buyer’s market” but it was not that long ago that the world was the Seller’s oyster. You can’t get comfortable because the rules keep changing. Such is the also the case for the mortgage market. As the Government imposes stricter rules on our lending institutions to make up for the boom of the overly creative financing methods we have seen, it is important for you, the Buyer, to be proactive in the processing of your loan. New restrictions are popping up every day, just like the changing interest rate, and if you drag your feet during this process it is very possible that your window for financing that house you have fallen in love with, will be lost. Here are a few things you can
  • 6

    Feb

    Different types of mortgage to your financial needs

    If you are thinking about making a real estate purchase, you may find the financing options quite confusing. Before you can proceed, you have to know your terms, and understand what your options are. There are two variables to consider - mortgage type, and interest rates. These are the most important considerations when deciding on real estate, so it is essential that you have a basic understanding of what they are. Your two main options are repayment and interest-only types, and under those are more specific kinds. Repayment Mortgages This type of financing operates like a simple loan. Every month, you make a payment and the money goes to both the capital (the actual home itself) and the interest. The loan lasts a certain period of time, and if you make all of your payments according to
  • 5

    Feb

    What to consider when checking current mortgage refinancing Rates

    Refinancing your mortgage is a very important financial decision and when done incorrectly can cost you thousands of dollars in closing costs and interest payments. When most people begin their loan process the first thing they do is to call local mortgage companies and banks and ask what the current mortgage refinance rates are. While interest rates are a very important part of the mortgage refinance process they are not the only part and by focusing only on rate you could be headed for trouble. In most cases when you call a mortgage company to check current mortgage refinance rates they will quote you an interest rate that requires points to be paid on the loan. Points are a percentage of the loan amount, so one point is one percent of the total loan amount. Generally a loan where a p
  • 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
  • 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
  • 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

    With mortgage Farm Credit System for Rural Development

    There are mortgage loans to fit everyone’s needs today. There are FHA loans for the first time homebuyer, VA loans for Veterans and Reverse Mortgages for Senior Citizens. There are also Rural Development Mortgage loans through Farm Credit Systems for individuals living in rural areas. These loans are mostly associated with Farmers and agricultural development but are also available to individuals who live in rural areas in general. Farm Credit Systems are made up of four regional farm credit banks, one Bank of Cooperatives, and some associations. The regional banks offer rural mortgage loans and real estate loans to ranchers, farmers, agricultural borrowers, rural homeowner, rural utility systems, to name a few. They raise more than $90 billion of money to loan to these borrowers th
- Next

Author

Follow Me