| |
| |
|
Mortgage & Refinancing Information |
|
|
Top 5 Methods to Manage Your Home Equity
As your home appreciates in value, you gain equity. You can look at this equity, as a portion of the value of your home, which becomes an asset that is not burdened by debt. Therefore, this is a critical financial vehicle that cannot be ignored. Let me say it another way. For most of us, your home Equity is likely to be, the primary, unencumbered assets of your own, personal estate. Here are several things to consider, when managing this critical financial leverage: 1. Retirement 2. Debt Consolidation 3. Home Improvements 4. Equity Lines of Credit 5. Other 1. Retirement: Personally, I hate debt. I absolutely, positively, detest debt. I do everything in my power to completely eliminate it from my life. Therefore, this first method is my own, personal favorite. a)Leave it alone. Ignore it. Pretend it's not there. Forget about it. Live life as if it did not exist. b)The equity in your home can become an absolutely essential cog in the wheel of your retirement. But in order for it to work its magic, you need to allow it to build and grow, and avoid all temptation to tap into it. c)If you can do this, then at the end of the tunnel, there is a nice nest egg waiting for you. 2. Debt Consolidation: Of course, the above principals of using equity for retirement may not be entirely wise, if you are burdened with additional debt. a)If your debt is large and encumbering enough, then you may want to consider refinancing and incorporating that debt into a new, first deed of trust. Not only is this more organized and simplified, but you can stretch the loan out over 30 years, thus allowing more affordability. b)If you wish to pay off the additional debt sooner, or if the debt is small enough, then you might want to consider a second mortgage on the home. c)Either way, the interest paid on either the new first loan, or the second loan, will be a write off, and thus, you will gain an added benefit by restructuring. d)In addition, the interest rate on a second (or first) is far lower, then what you'd expect to pay on an unsecured loan, such as your credit card. 3. Home Improvements: There comes a time in everyone's life, when you just want to make some changes around the homestead. If you are in the market for a new pool, a decked out backyard landscaping job, a new roof, or new appliances, et al., then a second loan or refinance is generally the way to go. a)Not only can you pull out a much larger amount of money from your home, then say your credit cards, but the terms are much more agreeable, stretched out over 7 to 10 years or more, at a much lower rate. b)It's a write-off. c)The money spent, goes towards improving the home, and thus, adds to the overall value of your estate. 4. Equity Lines of Credit: It's always good to plan for emergencies. a)An Equity Line of Credit can provide you with the security you need to ensure that you'll always have liquid assets around, should you need them. b)This is much more effective than having a large amount of money sitting in a low to no interest bearing savings account in your local bank. Open an equity line of credit, and go invest that money so that it is working for you. c)It's also harmless, free, and usually tax-deductible should the need arise to use it. d)Just keep in mind the importance of discipline. Don't use it, unless it's absolutely necessary. 5. Other: A word of caution: I'm not advocating that you jump in to uncharted waters, or freely spend the hard earned equity that you've so diligently been building. a)But it is your equity. You can save it, consolidate with it, spend with it, and use it to invest in other properties, other businesses, other ventures. b)So your equity is like your own personal bank. It requires no applications, no processing procedures, and no approvals by the board of directors. It requires none of that, because it is yours. You own it. c)But just keep in mind, that you have equity because of diligence, intelligence, wisdom, and discipline. You've grown it, and now that you have it, another word of caution: Don't waste it frivolously. Be good to your equity, and it will be good to you. We've enjoyed providing this information to you, and we wish you the best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense. Publisher's Directions: This article may be freely distributed so long as the copyright, author's information, disclaimer, and an active link (where possible) are included. Disclaimer: Statements and opinions expressed in the articles, reviews and other materials herein are those of the authors. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site. Copyright 2005, by http://www.ExpertLoan.Net, This article is available in full format at: Your Home Equity, Tom Levine provides a solid, common sense approach to solving problems and answering questions relating to consumer loan products. His website seeks to provide free online resources for the consumer, including rate-watch, tips and articles, financial communication, news, and links to products and services.
MORE RESOURCES: Fannie Mae High Loan-To-Value Refinance Option (HLRO) Guildelines, Rates, and Eligibility for 2019 The Mortgage Reports The Fannie Mae High LTV Refi Option (HLRO) can help borrowers who want lower mortgage rates but do not have enough equity for traditional loan programs. Refinance rates ease for Friday Bankrate.com Multiple benchmark refinance rates ticked downward today. If you're in the market for a mortgage, see what that means for you. Still haven’t refinanced your mortgage? You still have an opportunity to save big Bankrate.com Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ... Mortgage rates are in a free fall with no end in sight The Washington Post Global and domestic economic concerns continue to drive down mortgage rates. According to the latest data released Thursday by Freddie Mac, the 30-year ... Refinance mortgage rates mixed for Thursday Bankrate.com Multiple benchmark refinance rates were flat today. If you're in the market for a mortgage, see how your payments might be affected. Refinance rates slide for Tuesday Bankrate.com Multiple closely watched refinance rates receded today. If you're in the market for a home loan, see what that means for you. Refinance rates slide for Saturday Bankrate.com Multiple key refinance rates ticked downward today. If you're shopping for a refinance, see how your payments might be affected. New VA rules aimed at curbing predatory lending for cash-out mortgage refinances Bankrate.com An interim final rule on VA-guaranteed cash-out refinance loans was published on February 19 to protect borrowers from predatory lenders. The rule executes ... Answers to 9 of the Most Googled Mortgage Questions NerdWallet Mortgage questions? We've got answers to help boost your confidence when exploring your options, choosing mortgage lenders and managing your home ... Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports What is FMERR? The Freddie Mac Enhanced Relief Refinance – or FMERR – is for borrowers who want to refinance but have very little or no equity in their ... LendingTree: Homebuyers save big by shopping around for lower mortgage rates HousingWire LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% inched forward for the week ending Mar. 5, 2019. Refinance rates drop off for Monday Bankrate.com Multiple key refinance rates fell today. If you haven't locked a refi yet, see how your payments might be affected. Refinance rates advance for Monday Bankrate.com Several benchmark refinance rates moved higher today. See what that means for you if you're in the market for a home loan. LendingTree: Number of mortgage borrowers receiving interest rates under 5% rises HousingWire LendingTree's latest Mortgage Rate Competition Index revealed that the number of mortgage borrowers with interest rates under 5% inched forward for the week ... Ellie Mae: Millennials' interest in mortgage refinance spikes HousingWire In January, slightly lower interest rates led to Millennial homebuyers increasing their requests to refinance their mortgages. In fact, according to Ellie Mae's latest ... LendingTree: Fewer homebuyers received mortgage rates under 5% last week HousingWire LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% reversed course, inching backwards for the week ... Lowest mortgage rates in over a year could give home buyers confidence Yahoo Finance Mortgage rates are at the lowest in more than a year, with the 30-year fixed rate now averaging 4.28%. Why out-of-control bubble-era mortgages still threaten to smash major U.S. housing markets MarketWatch The 2004-07 bubble era in U.S. housing markets was a time of utter madness. Much has been written about it, but almost nothing has been said about the ... Kroll: Some banks are exiting mortgage lending activities, others are rethinking Mortgage Professional America The mortgage industry saw a decline in mergers and acquisitions last year due to low profits and high origination costs, according to the Kroll Bond Rating ... Paul Manafort charged with committing residential mortgage fraud — which is more common than you’d think MarketWatch Mortgage fraud risk has risen substantially in recent years as refinance activity has dried up for lenders. More inventory, lower mortgage rates as 2019 home buying season tilts toward buyers - Citizens Voice More inventory, lower mortgage rates as 2019 home buying season tilts toward buyers Citizens Voice Spring is here, which means peak home buying season is right around the corner. Although it varies from place to place, generally most people start shopping ... Envision Bank & Mortgage Expands Footprint, Opens Four Massachusetts Mortgage Offices Nasdaq NORTH ATTLEBORO, Mass., March 25, 2019-- Envision Bank& Mortgage continues to expand the communities we serve with the opening of four mortgage. All Signs Point to a Housing Boom Ahead Bloomberg Just as many millennials enter their home-buying years, the labor market is strong and interest rates are low. Mortgage Rates Continue to Drop in 2019: A Good Time to Buy? Home Buying Institute According to the latest survey conducted by Freddie Mac, mortgage rates continue to drop. They have fallen steadily thus far in 2019. Mortgage rates increase for Friday Bankrate.com Multiple benchmark mortgage rates floated higher today. If you're shopping for a home loan, see what that means for you. Key mortgage rates mixed for Monday Bankrate.com Mortgage rates were mixed today. The average for a 30-year fixed-rate mortgage held steady, but the average rate on a 15-year fixed dropped. On the ... Mortgage rates fall for Monday Bankrate.com Several key mortgage rates slid lower today. The average for a 30-year fixed-rate mortgage decreased, but the average rate on a 15-year fixed were higher. Report indicates financial woes at former Franklin Mills mall Philly.com A loan backed by the former Franklin Mills mall in Northeast Philadelphia has been assigned to a company that manages troubled commercial mortgages — a ... Mortgage rates just tanked thanks to the Fed – and they could go even lower CNBC The move in mortgage rates followed Fed Chairman Jerome Powell's announcement that the central bank would end the so-called runoff of bonds from its ... How to Get Good Yield From Mortgage-Backed Securities Barron's The second-largest mortgage real-estate investment trust, AGNC Investment, conjures up yield from what may be the most perverse securities in the bond ... Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes Credible News Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind. Mortgage refinancing spree becomes a race against the clock Bankrate.com Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ... Mortgage Rates Lowest in a Year: Top 4 Housing Picks Zacks.com The housing space looks promising as mortgage rates drop to the lowest level in a year. Mortgage refinance applications hit 18-year low CNBC Mortgage refinance applications hit an 18-year low. With no major move in interest rates and continued weakness in home affordability, there was not a lot of ... Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ... 5 Signs It's Time To Refinance Your Mortgage Forbes You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ... What to consider before determining whether to refinance your mortgage Washington Post REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ... Cash-out mortgage refinancing: Here’s where homeowners are using it most Bankrate.com Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ... The Fed Turns A Page; We Stay Focused On Growth Forbes Zero increases for Fed Funds in 2019, and no more sales of bonds after September: That's the latest monetary policy guidance from the US Federal Reserve. How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You can apply for a mortgage refinance in person, over the phone or online. Just make sure that the company is legitimate before providing personal information ... Refinance mortgage rate moves lower for Wednesday Bankrate.com Refinance rates were mixed, but one key rate trended down. If you haven't locked a refi yet, see how your payments might be affected. Refinance mortgage rate slides for Friday Bankrate.com Refinance rates were mixed, but one key rate sunk lower. See what that means for your chances of scoring a killer refi rate. Fixed mortgage rates are diving. Here’s where to get the best deals The Globe and Mail Payment burdens are easing for hundreds of thousands of borrowers. Refinance mortgage rates mixed for Tuesday Bankrate.com Refinance rates were mixed today. If you're in the market for a refi, see how that could affect you. Mortgage applications fall, as refinancing hits 20-year low CNBC A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Mortgage rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports There is a quiet refinance boom brewing, as mortgage rates sink to 9-month lows. Not since April 2018 have rates been this low. Freddie Mac, in its weekly ... Refinance mortgage rate advances for Tuesday Bankrate.com Refinance rates were mixed, but one key rate floated higher. See what that means for your chances of getting a better mortgage rate. How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports You probably have a number of ways to pay off a mortgage faster. You can refinance to a shorter term, pay more on your existing mortgage or free up your ... Refinance mortgage rate moves higher for Monday Bankrate.com Refinance rates were mixed, but one key rate trended upward. If you're in the market for a mortgage, see how your payments might be affected. Couldn't qualify to refinance last year? Lenders more likely to say yes in 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you have been wanting to refinance but had a hard time getting approved, 2019 might be your year. Lenders are allowing higher debt-to-income ratios, ... Refinance mortgage rate dips for Tuesday Bankrate.com Refinance rates were mixed, but one key rate decreased. If you're in the market for a home loan, see how your payments might be affected. Factors to weigh when considering whether to refinance your home Washington Post Q: I was offered a mortgage “recast” and I need help evaluating if it is a sound financial move. My home is worth $250,000. I owe about $68,000, as I have been ... Refinance mortgage rates mixed for Saturday Bankrate.com Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage. Refinance mortgage rates mixed for Monday Bankrate.com Refinance rates were mixed today. If you're shopping for a mortgage, see how your payments might be affected. Credible Expands Their Marketplace Into Mortgage Refinancing Lend Academy Credible made a name for themselves in student loans. They are the first and largest marketplace for people looking to refinance their student loans. Borrowers ... Refinance mortgage rate falls for Friday Bankrate.com Refinance rates were mixed, but one key rate declined. If you're shopping for a mortgage, see how your payments might be affected. Short- Vs. Long-Term Mortgage Amortization Periods: Which is Best? Toronto Storeys There are a few details about your mortgage that you'll want to negotiate with your lender, and the amortization is one of them. Weekly refinance demand plummets as mortgage rates hit a 5-week high CNBC A sharp rise in mortgage interest rates took its toll on the lending business last week. Mortgage application volume fell 1.8 percent for the week, according to the ... Should You Refinance Your Mortgage? Forbes Evidently many mortgage borrowers fail to understand that mortgage refinances have a variety of possible purposes, and their success depends on a variety of ... Rick Bloom: Should I use a down payment assistance program to buy a house? Hometownlife.com Dear Rick: I have a question that I hope you can help me with. Currently, I am divorced and I have been renting a home. My landlord has offered to sell me the ... Refinance rates retreat for Monday Bankrate.com Multiple benchmark refinance rates tapered off today. If you're in the market for a mortgage, see how your payments might be affected. Refinance mortgage rate rises for Thursday Bankrate.com Refinance rates were mixed, but one key rate climbed higher. If you're shopping for a mortgage, see what that means for you. Refinance rates fall for Wednesday Bankrate.com Multiple key refinance rates ticked downward today. If you haven't locked a refi yet, see how that could affect you. Refinance rates tick lower for Thursday Bankrate.com Several closely watched refinance rates dropped today. See what that means for you if you're in the market for a mortgage. Refinance mortgage rate ratchets higher for Thursday Bankrate.com Refinance rates were mixed, but one key rate climbed. If you're shopping for a mortgage, see how your payments might be affected. How to use a cash-out refinance to buy another home | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Can or should you use a cash-out refinance to buy another home? Maybe, if that's the most cost-effective source of a down payment or even the whole purchase ... Refinance mortgage rates mixed for Friday Bankrate.com Refinance rates were mixed today. If you haven't locked a refinance yet, see what that means for you. Refinance rates tick higher for Tuesday Bankrate.com Multiple benchmark refinance rates notched higher today. See what that means for your chances of scoring a killer refi rate. With today's mortgage rates, you can still refinance for lower payments. Here's how | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Many homeowners refinance for lower payments or interest rates. Here's what you need to know about your options and some pitfalls. Thinking of Refinancing Your Mortgage? Check These 4 Financial Areas First Forbes Refinancing your mortgage can be a great way to save on your monthly payment or to change up the terms of your loan. However, while it's a financial move that ... Consumers should soon see benefit of Feds patience on rates Foster's Daily Democrat NEW YORK (AP) — So much for those worries about rising interest rates.Just a few months ago, rising rates were bearing down on everyone from home buyers ... Refinancing activity in the US just plunged to the lowest level in over a decade Business Insider Refinancing activity plunged to the lowest level since 2000 as interest rates rise. How to Determine a Home Value and Why it is Important Foreign Policy 2018 Here are some of what Mark Ellis - Sydney Property Valuations will let you know about how to determine the value of your home. Unpaid federal workers can sidestep rules to apply for cash-out mortgage refinance Bankrate.com As the partial government shutdown drags on with no end in sight, furloughed federal workers are faced with mounting financial obligations and a variety of relief ... Refinance rates increase for Saturday Bankrate.com Multiple benchmark refinance rates moved higher today. See what that means for your refinance chances. Refinance rates decline for Tuesday Bankrate.com Multiple closely watched refinance rates trended down today. See what that means for your refinance chances. How Marriage Affects Student Loans Wall Street Journal A union can trigger changes to a borrower's loan payments and related tax breaks, among other things. Refinance rates move up for Thursday Bankrate.com Several closely watched refinance rates advanced today. If you're in the market for a mortgage, see how your payments might be affected. Best cash-out refinance lenders 2019 | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you want to pull equity out of your home in 2019, check out this list of best cash-out refinance lenders. Because mortgage rates and costs for cash-out ... Refinance mortgage rate eases for Thursday Bankrate.com Refinance rates were mixed, but one key rate dropped. If you're in the market for a mortgage, see how your payments might be affected. Refinance mortgage rate moves up for Friday Bankrate.com Refinance rates were mixed, but one key rate moved higher. If you're in the market for a mortgage, see what that means for you. Refinance rates decline for Saturday Bankrate.com Several key refinance rates dropped today. If you haven't locked a refi yet, see how your finances could be affected. The Best Reasons to Refinance Your Mortgage MoneyWise.com Just like your car, sometimes your mortgage is due for a trade-in. You might find a new model with improved options that will save you money or fit better wi... Cash-out refinance for renovation: Increase your home equity | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Considering a cash-out refinance for renovation? Here's what you need to know about options for financing home improvements. Texas cash-out refinance: new laws you need to know | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Cash-out refinance Texas rules for homeowners in Texas. Texas cash-out refinancing is different from other states and you'd better know the rules before taking ... Refinance mortgage rate falls for Tuesday Bankrate.com Refinance rates were mixed, but one key rate dropped. If you haven't locked a refinance yet, see how your payments might be affected. Navient (NAVI) versus Federal Agricultural Mortgage (AGM) Head-To-Head Review Fairfield Current Navient (NASDAQ:NAVI) and Federal Agricultural Mortgage (NYSE:AGM) are both finance companies, but which is the superior investment? We will contrast the ... Do I need an appraisal to refinance my home? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Do you need a home appraisal to refinance your mortgage? Not necessarily. Here's what you need to know about conforming, USDA, FHA and VA refinances ... Refinance rates trend higher for Tuesday Bankrate.com Several closely watched refinance rates rose today. If you're in the market for a mortgage, see what that means for you. Refinance mortgage rate slides for Thursday Bankrate.com Refinance rates were mixed, but one key rate declined. If you haven't locked a refi yet, see how your payments might be affected. Why refinance now? Because your home equity, credit scores are higher than you think | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Even if you were turned down for a mortgage refinance when rates were at their lowest, you may still be able to benefit. Credit scores and home equity are on the ... Mortgage lender pulls out of market Mortgage Business Just a year after launching, a mortgage lender specialising in non-resident mortgages is being wound down and will not proceed with any loan applications ... Do mortgage lenders have minimum mortgage amounts? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports Are there minimum mortgage amounts to buy or refinance a home? Not according to most official program guidelines, but most lenders do set minimum amounts ... Refinance rates hold steady for Friday Bankrate.com Several benchmark refinance rates held steady today. See what that means for you if you're in the market for a mortgage. Should you use a cash-out refinance to pay off a HELOC or home equity loan? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports In this article: In most cases, interest rates for home equity loans and lines of credit are higher than those of traditional first mortgages. And home equity financing ... When to refinance: I need to lower my mortgage rate or payment | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports If you're wondering when to refinance, consider your objectives and see if you'll pay less interest, reduce your payment, or lower your overall costs. When Is a Cash-Out Refinance Loan a Good Idea? U.S News & World Report Money Tapping the equity in your home to get cash can be a smart move, but only if the cash is used for the right purpose. Should you leave your 3% rate behind to do a cash-out refinance? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports It's an age-old question: Should you get a cash-out refinance (but be placed into a higher rate) or get a HELOC? The better option in some cases, surprisingly, ... 3 Signs You Should Refinance Your Mortgage The Motley Fool Refinancing at the right time can save you thousands of dollars a year. Refinance mortgage rate trends higher for Tuesday Bankrate.com Refinance rates were mixed, but one key rate advanced. If you're shopping for a home loan, see what that means for you. |
|
|
|
RELATED ARTICLES
A Home Equity Loan - What You Should Know? Asking yourself, "Is a home equity loan right for me?" is the first and most important step to take.Home equity loans have become so popular today because of increasing home values. Home Equity Loans A home equity loan allows you to cash-in on the equity you have built-up in your home. The funds you receive can be used for debt consolidation, home improvement, college education, investments or any purpose. Mortgage Glossary of Terms A brief list of some of the most common Mortgage terms.Adverse CreditThe term used if the borrower has a poor credit history. Home Equity Loans Company - 7 Key Questions to Help You Choose One Choosing the right home equity loan can be tricky; you have to consider interest rates and repayment schedules, among others. Choosing the right lender, however, does not have to be a difficult task. Applying for a Home Mortgage Loan Online - The Pros and Cons If you have considered applying for a home loan mortgage online, there are a few pros and cons to think about with getting a home mortgage loan online:Pros:1. The process of applying for an online home mortgage loan is very simple, unlike some lenders who operate in the 'real' world and ask for heaps of information. Things that You Need to Know before Financing Your Home Frequent Asking Questions:What are Points? A. There are several types of mortgage related costs called "points" and their definitions and purposes vary. Bridging Finance Basics Bridging finance is a short-term loan that is used as a way to provide funding for the purchase of a new property while the borrower awaits the sale of an existing property. Unless all the stars are in perfect alignment, it's tricky to coordinate the sale of one property and the purchase of another property so that the transactions occur simultaneously. How Much Interest is Your Home Equity Earning? How much interest are you earning on your home equity? If you answered nothing, zero, zilch, zip you are correct. What would you do if you could get triple compounding on your equity? Would you take action and build a fortune that would allow you to pay off the mortgage and create a retirement fund?We use a strategy called Early Mortgage Pay Off System or EMPOS?. Home Loans and Mortgages - Watch Out for Dangerous Subprime Loans With the growing interest in real estate purchasing and speculation, more and more lenders are offering "nontraditional" types of mortgages. These include adjustable rate mortgages (ARM) of every shape and size, the more popular interest-only mortgage, and the very dangerous Option ARM mortgage, which can cause the amount you owe to actually increase as time passes. Build Your Own Dream House! So you're thinking about building your own house, are you? Well, you've come to the right place! It's a lot of fun (hard work and eventually fun!) to build your own home and it will save you thousands of dollars(we saved over a Hundred Grand by doing it ourselves - that's pretty significant cash!). If you happen to live in a Large City, like Los Angeles, or anywhere that Real Estate Values are 'close-to-insane', you could potentially save millions of dollars. Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch What the average homeowner or home buyer fails to realize is that bankers, loan officers, mortgage brokers, or whatever your lenders call themselves, are salesmen. Certainly, if you purchased your home from a realtor and used her lender, you most likely got a feeling of trust in that person, because the realtor referred him. 40-Year Mortgages: An Alternative to Interest-only Loans? Interest-only loans are quickly becoming a mainstream loan product. Borrowers who were initially turned-off by the perceived risk associated with an "interest-only" loan are now starting to see the benefits: Lower payments, less money tied up in equity, more flexibility, etc. Refinance Your Home Equity Loan Refinancing your home equity loan is an excellent way to save money. By refinancing your home equity loan you can lower your interest rate and finance for a longer or shorter term. How to Save Money by Using an Independent Commercial Mortgage Broker Being a creature of habit can cost you plenty when it comes to applying for a commercial mortgage instead of going through an independent commercial mortgage broker. Let me tell you why. Find the Best Mortgage Company If you do not wish to commit to living in one place for at least a few years, then owning a house is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner. 2nd Mortgage - Better Than Refinancing You have probably received refinancing offers in the mail or advertised online touting your ability to pull out your home's equity. But a 2nd mortgage, also called an equity loan, may be a better financing option than refinancing your mortgage. Mortgage Loan Most Bankers Wont Give May Be Exactly What You Need to Buy or Refinance Your Home A few years ago, a loan officer who worked for me was having a problem helping a customer. He was new to the business and had very little patience for problems (as you might have already guessed, he didn't last very long). Reverse Mortgages - A Tax Free Income For Senior Citizens I fully realize if it sounds too good to be true, it probably is and There Ain't No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg. Refinancing Your Mortgage Can Open Up A Lot Of Options For You And Your Family It can happen to anyone, the roof is leaking, the credit card bills are pilling up and it is almost time for a new car. But where are you going to get the money to do all of these things? The need for extra cash can be very frustrating and worrisome, however if you are a home owner you have a variety of financial options available to you that you may not even be aware of. Be Prepared With Your Home Equity Loan Checklist A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral.
|
| home | site map |
| © 2006 TIGER MEDIA |