With the current fear of the house price crash, it is no wonder that people, couples, families and professionals are desperately seeking to sell their property in a bid to recoup some money. This may…
Loan Modification Help-What Is The Best Way To Get My Loan Modified
Stated income home loans are now a thing of the past as Fannie Mae and Freddie Mac suffer with more defaults. Now consumers must qualify with full documentation and won’t be able to qualify due…
A Lesson in Time for Owner Builder Loans
Owner builders save themselves a lot of money by managing the construction of their homes and cutting out the costs of a general contractor. However, for owner builders who have never built before, there is…
Mortgage Reconstruction 2009: The Time For New Mortage Laws
As of Monday July 14th, 2008, the government has passed new laws which cause a decent amount of change within the mortgage industry and how these companies give out loans to homeowners. Even though they…
Credit Lines Freeze…but not for Reverse Mortgages
Life doesn’t hold too many real guarantees anymore. Seniors work hard their whole lives and expect to receive a pension and often those pension funds aren’t available or the company closes and the individual is…
What You Need to Know About Your Mortgage
The nation is all a buzz with talk of the housing market, and chances are, you’ve seen foreclosures popping up all over the place–including your own neighborhood. It’s not a short-term problem (foreclosure rates having…
Current News With Mortgage Interest Rates
So what has been going on in the world of finance and mortgages? Certainly the biggest news was the fall of IndyMac. Last week we heard that IndyMac had stopped giving out new mortgage loans…
Why Is Private Mortgage Insurance Important?
If you are considering buying a new home, then you may already know that there are many requirements that potential home buyers must meet. One such requirement is private mortgage insurance. Private mortgage insurance, or…
Foreclosure – It Doesn’t Need To Happen To You
No one ever purchases a home with the desire of defaulting on the mortgage, but it does happen. Many situations can result in a bank foreclosure on a property, including medical emergencies, loss of a…
Why the Bank Does Not Want Your House
Many homeowners, when they cannot pay their mortgages, stop reading letters from their lender and ignore phone calls regarding their mortgage. In essence, these homeowners simply give up and decide that the bank is going…
Real Estate: Tips For Getting a Mortgage
Buying a home is probably the most expensive investment you will make in your life, so how you pay for it is a monumental decision. There are so many products available to home buyers, you…
The Difference Between British Interest Rates And European
With British people yearning for a second home, holiday home or oversees property investment, leaseback properties are becoming a favoured option. A property purchased in France which can then be let for the use of…
To Go For A Bank Lenders Mortgage Or Other Mortgage Financing Companies?
For many years, if you wanted a mortgage to get a home, the kind of mortgage lender you would visit was a bank. Today thanks to competition, the benefits of getting a mortgage from other…
Get To Know The Tips To Avoid Foreclosure
It wasn’t so long ago that it felt like anyone who wanted to have the money that they would need for a home. Homes were flying off of the market, and just about everyone was…
What Is A Reverse Mortgage Calculator?
If you are considering a reverse mortgage, at some point in time you will be using a reverse mortgage calculator. Before we get into the reverse mortgage calculator, an over view of a reverse mortgage…
A Beginners Guide To Mortgage Insurance
Getting a mortgage for most people looking to buy a house for the first time is something that most people are struggling to obtain. Currently house prices are looking to go down in price, but…
Steps to Getting a Reverse Mortgage
Here are a few of the steps you’ll want to go through to get started with a reverse mortgage. Keep in mind that these types of loans are not necessarily for everybody, but they can…
Can Bankruptcy Stop The Foreclosure Process?
Many homeowners these days are going through the mortgage foreclosure process. Most of them usually end up filing for bankruptcy in an attempt to save their properties from being auctioned off. The bankruptcy option is…
The Phases Of The Foreclosure Process
The mortgage foreclosure process can be quite overwhelming for a lot of people. Especially, if they themselves are facing this type of situation. In this article, we’ll cover the steps that the lenders can take…
Reverse Mortgage Basics For Seniors
Reverse mortgages are used to assist seniors who want to supplement their income with mortgage payments, but instead of paying the bank, those who take out the loan actually get paid. I spoke with someone…
Mortgage ARMs Become Attractive Again
Rates on 15 and 30 Year Fixed loans have been pretty stable the last month. In contrast mortgage rates on 5 and 1 year ARMs have been falling. 1 Year rates fell from 5.22 to…
Why Banks are Freezing Lines Of Credit on Houses
What would you do if your bank called to tell you that your home equity line of credit had been frozen or even cancelled? For most homeowners, shock would be the first emotion followed quickly…
The Truth About Owner Builder Loan Closing Costs
After owner builders work their way through the maze of owner builder construction loan qualifying, it will be time to close on the loan. This is essentially where you sit down and sign a huge…
First Time Buyers Clambering to get on the Property Ladder?
With house prices falling all over the country, maybe now would be a good time to make a move onto the property ladder. In reality, the credit crunch has priced some first time buyers out…
How Does Fannie Mae Work?
In 1938, Fannie Mae was established by the US Government to promote the growth of home ownership by providing a secondary mortgage market. What is a secondary mortgage market? Well, the secondary mortgage market exists…
How Real Estate Drives the Interest Only Mortgage Market
The real estate market and the mortgage market are great friends; they generally are seen hand in hand, wherever they may go! One fuels the other’s ambitions. Never a truer statement has been made and…
How to Shop for Low, Interest Only Mortgages
Where do you find low interest, interest only mortgages? Almost every store on the street offers these types of mortgage products, but who is the best, and who is the lowest? That’s going to take…
Reverse Mortgages, Bank or a Broker?
After 31+ years Mortgage Banking experience working for large banks and Mortgage Bankers, we decided it was time to start serving our senior clients as mortgage brokers. When asked why we chose to do this…
Who Are the People Involved in Your Construction Loan Process?
Whether you are building your home as an Owner Builder or hiring a General Contractor, there are several people that will be involved with your loan process in addition to the loan officer with whom…
Checking Mortgage Rates Online
Homeowners who are planning to re-finance their home may find the Internet to be a very worthwhile resource. The Internet is useful because it can give the homeowner a wealth of information as well as…
Are You Considering Re-Financing?
Homeowners who are considering re-financing their home may have a wealth of options available to them. However, these same homeowners may find themselves feeling overwhelmed by this wealth of options. This process doesn’t have to…
Choosing a Fixed or ARM Option
One of the most important decisions a homeowner will have to make when deciding to re-finance their home is whether they want to refinance with a fixed mortgage, an adjustable rate mortgage (ARM) or a…
Tip On Choosing a Lender
Choosing a lender is a very important part of the process of re-financing a home. Understanding the different re-financing options and knowing how each of these options work is very important but none of this…
Home Equity Lines of Credit
Alright, you’ve been a homeowner for some 10 years now, and you’ve decided it’s time for improvement and expansion. What is the best way to obtain the funding for home improvement projects? A home equity…
Buying or Selling, is the Mortgage Your Only Option?
Today, thanks to the ever-increasing use of the internet to seek out homes for sale, and the increased participation of homeowners in the buying and selling process, there is greater interaction between the buyer and…
Government Approved Mortgage Loans
What kinds of government approved mortgage loan programs are available for the lender today? There are actually more programs available today than any other time in recorded mortgage history; and the ability to qualify for…
Things To Remember Before Selecting Mortgage Loans
Mortgage loans are the easiest way to own your house or property. New low down payment and longer mortgage terms allows people with low income or low cash to purchase their home by taking home…
What You Can Do To Stop Foreclosure
If you are trying to figure out how to stop foreclosure, or help someone facing foreclosure, then this article is for you. The first thing to know about how to stop foreclosure is what you…
Home Mortgages for Bad Credit Applicants
Getting a home mortgage is not too difficult for people with good credit ratings. But how about finding a home mortgage for bad credit would be home buyers? Lenders will always check the credit rating…
Important Home Mortgage Information
Completing your research and having home mortgage information at hand before applying for your home mortgage loan can save you a lot of money over the term of your home mortgage loan. Your interest rate…
Mortgages for Chicago Real Estate
Illinois is one of ten states that enjoy some of the lowest average rates on fixed mortgages. Perhaps this is due to the high price of real estate in Chicago or the large number of…
Making Your Mortgage CRM Matter
Whenever you are dealing with a lot of money, the people with an interest in that money will also have a lot of interest in how well you handle your business. And, as the customers,…
To Sell or To Reverse?
Many people are not aware of all the opportunities available to senior borrowers with the Reverse mortgage program. For example, did you know that HUD does not require any title seasoning or seasoning for time…
A Short Guide To Applying For Mortgages
Applying for a mortgage is not an easy thing to do, especially with the way the property market is working today. It is far more risky to contemplate buying a house of your own let…
Get To Know The Inside Secrets Of Foreclosure
If you are a person who understands the value of making calculated investments, then foreclosure investing is surely for you. It is a challenge but if you understand foreclosure thoroughly, it can then be very…