Monthly Archives: January 2009

Understanding how an adjustable rate mortgage works is something that many people do not understand. With this misunderstanding many borrowers have gotten themselves into a heap of trouble. If you are considering an ARM loan or currently have one then you need to know how they work. Continue reading →

It seems every week the government is announcing another $100 billion in home mortgage grants available to U.S. citizens. These grants are available to help people who are having trouble making payments, to assist first time home buyers with down payment money, and to provide cash to those who buy in urban, developing neighborhoods. Continue reading →

Are you having a hard time making the mortgage payment? Here are some tips you may want to consider to help you through the hard times. Continue reading →

For some reason, there persists a mystique about financing the very thing we all need most – a roof over our heads. With so many millions of us involved in buying our home, that mystique really has no place in today’s world. So, let’s blow away a little of it by talking about remortgages. What are they and what are they about? Continue reading →

If you are looking at using a reverse mortgage to pull out equity you have in your home but aren’t sure whom are the reverse mortgage lenders you should speak with, then you will want to read this. As with traditional loans, such as a 30 year fixed, reverse mortgages are available through many outlets. However, you should know the difference between them so that you don’t pay more than you need to. Continue reading →

What are the differences between FHA home loans and conventional mortgage loans? Learn about the down payment requirements and underwriting guidelines for both FHA and conventional purchase loans. Continue reading →

Do you know the FHA loan refinance is similar to applying for other mortgages except qualifying standards are easier and protections superior. Here are 6 practical steps the Federal Housing Administration recommends you take to determine if FHA mortgage loans are right for you. Continue reading →

All good things must come to an end. After 12 weeks of falling rates interest rates went up this week. The 30 year rate went back above 5 jumping from 4.96 to 5.12. Below are rates from the last few weeks and October 30 which was when rates first started to fall. Continue reading →

A fixed rate mortgage does what it says on the tin – it comes with a rate of interest that’s fixed for a certain period of time. This means that you’ll pay the same amount each month for your mortgage throughout the fixed rate period. Typically, fixed rate mortgages can run from two years right up to ten years and sometimes longer. Continue reading →

This article will show you how to determine if refinancing will benefit you in the long run to make sure it is worth while before spending the money involved in refinancing your home… Each person has their own break even point and I will explain how this can be determined to help you make your decision on whether to refinance or not… Continue reading →

An Individual Voluntary Agreement (IVA) provides a viable substitute to bankruptcy in Britain for those that have been unable to pay off their debts. An IVA proposal is sent to an individual’s creditors offering a resolution over a period of five years. This article outlines how an IVA will affect your ability to get a mortgage. Continue reading →

Most borrowers ask the obvious questions about fees, interest rate and term. But there’s so much more you need to know to get the best mortgage possible. Continue reading →

There was some talk late last year of Fannie Mae and Freddie Mac lowering interest rates to 4% – 4.5% as a way to stimulate home buying once again. I haven’t heard anything since then and I think it is about time we take a grassroots effort into making this or something like this a reality. Continue reading →

Recent events in America and the $700bn bail out from the government to instill confidence back into the financial markets must go down in history as one of biggest financial decisions and country leader has had to make. Time will only tell whether confidence will regain again within mortgage lenders or if there is still some years to go. Of course as all this turmoil goes on, there are still young couples wanting to buy their own home, divorcees who need to sell to get settlements in place and the unfortunate, which cannot afford their mortgage payments and … Continue reading →

Pretty much all of the UK has seen a downfall in the housing market recently due to the credit crunch and the inability to get mortgages should you be still looking for that dream home. A huge reduction in the base lending rate by the Bank Of England has just been released to hopeful kick start things throughout the UK and Liverpool. Continue reading →

When it comes to home mortgage financing, there are plenty of options. When you talk to your mortgage lender about the possible financing options, get detailed explanations about how each financing program works and get those explanations in writing. Continue reading →

Obtaining the best home mortgage loan rate will save you thousands of dollars in interest paid over the life of your loan. Unfortunately, unless you’re versed in mortgages, it’s easy to be mislead by lenders. You can think you’re getting a great loan, but in actuality, you can walk out of the closing with a loan that will cost you thousands more than it should. Read more in this article. Continue reading →

After speaking with many clients in ’08 and the first part of ’09 there seems to be a reoccurring question, “Will we ever recover from this mortgage nightmare”. Many of the clients we work with that are facing foreclosure or a loan modification situation also have credit card debt issues. Continue reading →

The situation with financial institutions is such a mess now that getting loans can be a real challenge. This is true despite the bailout and there are a few reasons worth understanding. Continue reading →

A mortgage is an agreement between a lender and borrower where the borrower puts up a piece of real estate as collateral for a loan to purchase that property. There exist many different types of mortgages with many different options. Outlined below is a handful of different mortgage types and some of the options you may find. Continue reading →

Why are some homeowners approved for loan modification help while others are denied? Did you know that approximately 40% of borrowers who apply for a loan workout are denied? When your family’s home is on the line, you need better odds than that. Continue reading →

Heard of an FHA mortgage? Not sure what it is, how it works, or even how to qualify? This article provides a brief history, qualification information and other helpful information about FHA mortgages. Continue reading →

In today’s market, purchasing a home can be an intimidating process – especially for the first time buyer. Interest rates are at an all time high and owning a home can often seem like a far-fetched fantasy for many prospective home buyers. Fortunately, government house loans can make that dream a reality and obtaining a loan is easier than ever. Continue reading →

Did you know that Mortgage rates at a 37 year low? Improving your credit score doesn’t take long and is easy! Lower your monthly payments by refinancing now. No matter what your situation you can be approved for a mortgage. Continue reading →

One of the ways to have financial liquidity is getting a reverse mortgage. And in comparison, Texas reverse mortgages are among the most beneficial from across the country. Not only are the terms flexible, but the reverse mortgages in Texas provide for rates that are reasonable and affordable. Continue reading →