Monthly Archives: January 2009

North Carolina’s population has been growing steadily with an annual increase of 10.1% since the year of 2000. Every year thousands of homes are being purchased in the regions of Charlotte, Greensboro, Durham, Winston-Salem, Raleigh, Asheville, and many more! Average home appreciation in Charlotte & Raleigh has been over 8% per annum. Mortgage Refinancing applications have been skyrocketing due to the widespread home appreciation throughout North Carolina. Continue reading →

I think a lot of us brokers were looking forward to the H4H loan last year as a possible life line to help us stay in business. Oh yeah, and there’s that helping the borrower thing too. Well, I think on both accounts, this program is a bust. This program was seriously flawed from the beginning, and it seems after some minor tweaking by the powers that be, it is still just as undesirable. Continue reading →

If there’s anything I can tell you about the housing market in Canada right now it’s “How little things change!” The housing market across the world is in trouble right now and everyone is panicking, but I think it is important to get some perspective on this situation. The housing market is always consistent in one way, that it’s never consistent, the markets boom and bust all the time! Continue reading →

The housing bubble was inflated by a massive expansion of credit and the influx of capital into residential mortgages. The expansion of credit took four forms: lower interest rates, lowering or eliminating qualification requirements, different amortization methods, and higher allowable debt-to-income ratios. Continue reading →

Mortgage interest rates are determined in an open market and are subject to the forces of supply and demand. These rates are the sum of three main components: riskless rate of return, risk premium, and inflation expectation. Continue reading →

When the lending industry developed exotic loan products, they touted them as “innovation,” and they sold these toxins far and wide. Since these loans achieved the highest default rates ever recorded, it is apparent the “innovations” of the bubble rally were not entirely successful. Continue reading →

Loans may be what you really need if you are in a situation of financial inconvenience. After all, there are so many types of loans in which you can choose from. One of these loans is the mortgage loan. Continue reading →

The one question that most people ask when it comes to mortgage is: how much can I borrow in affordability? This question is not as easy to answer as most people think. No matter how great the offered policies are from the lending companies, there are several issues to consider first and foremost. Continue reading →

Once a price decline gets underway many buyers who were late to the price rally find they are in a property worth less than they paid for it. As prices continue to fall, many find themselves “underwater” owing more on their mortgage than their property is worth. Continue reading →

Am I eligible for a Reverse Mortgage? To qualify you must: Be at least 62 years old. In the case of a couple or co-owners, both must be 62 if they want their names to be on title of the home. Continue reading →

Over two thirds of UK homeowners have a mortgage. Make sure you understand a bit more on what your paying. Continue reading →

The concept behind a mortgage is relatively straightforward, you borrow money in order to buy a house and then pay interest on the loan over a prolonged period until you have paid firstly all the interest, and then the loan itself and ultimately end up in ownership of the house. Unfortunately, things aren’t always that simple, the market is convoluted and complex and there are many different variables, factors, and options involved. The market is hugely competitive, mostly because of the large amounts of money that can be made by lenders who successfully attract custom. Continue reading →

A short guide on what to do if you are missing your mortgage payments. There are people who can help. Continue reading →

Life can be tough sometimes, especially when you have high bills to pay or when you do not have enough money to live the lifestyle that you would like. There are options available in life when you want something but do not have enough money to pay for it. However, these options should usually be approached with great care before you decide to move forward with them. Continue reading →

Mortgage loan modification doesn’t entail refinancing, so there’s no requirement for a credit check. It is not debt consolidation. What it is, is renegotiating the terms of the existing loan to achieve a lowering in interest rate and, under certain circumstances, a lowering in loan principal as well. Continue reading →

Even though mortgage loan modifications have helped so many people to save their homes during the current economic crisis, there is still a lack of knowledge amongst homeowners (many of whom may well be in dire need of this service) as to exactly what loan modification is, how it works, how to apply, who qualifies etc. Let us start by dispelling a common myth about loan modification: Loan Modification is appropriate only in the case of foreclosure. It is a common misconception among homeowners that loan modification is an option only … Continue reading →

Home loans are the loans for every one who wishes to own a house. Because of the special features of these loans the number of house owners is increasing all over the world. Continue reading →

FHA Refinance Mortgage loans do that for borrowers. FHA Refinance Home Loans will give you a solution that is almost perfect to your particular home loan needs and will give you exactly what you’re looking for when you want it. Continue reading →

It is crucial to ask your lender for assistance once you realize your mortgage payment is going to be late. Unfortunately, most home owners don’t request assistance until they are literally escorted from their home by the police. Continue reading →

There really is no doubt that the economic recession has left a lot of homeowners in danger of a possible foreclosure. This is a stressful period for anyone, and many turn to loan modification to help them recover their homes. Continue reading →

A lot of people are spreading false information about loan modification and whether it can really save homeowners in financial distress and foreclosure. This guide sets the record straight once and for all. Continue reading →

Learn how to use lead management software to improve your loan modification pull-through and loan workout rates. Improve your loss mitigation programs with the right mortgage CRM system. Continue reading →

In our current mortgage climate having good information on how to get valuable mortgage help is the key in staying ahead and staying in your home. Currently there are many homeowners all across the country that are have a hard time paying for there mortgages. We went through the whole mortgage meltdown when sub-prime lenders had taken advantage of borrowers with credit problems. Continue reading →

Much of consumers also overqualify for mortgage loans. If you go to your local bank, credit union or mortgage and are approved for a loan of $500,000 home, the payments could be a bit more than we really afford. Continue reading →

As a home owner, you have probably been overwhelmed a time or two by the responsibilities that come along with the title of owning a home. Whether it is the maintenance involved in keeping up the appearance of your home, or familiarizing yourself with all of the terms and money issues involved with owning a home, you are not alone in feeling the pressure. Continue reading →