Category Archives: Reverse Mortgages

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 →

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 →