|Mortgage & Refinancing Information|
Self Employed Mortgage Loan - Getting a Mortgage When You're Self Employed
Being self employed has many benefits. When you are self-employed, you can write off all of your deductions on your taxes. You have the potential to make more income than someone who is employed by someone else. You have the freedom to be your own boss. One of the few times when being self employed has some drawbacks is when you go to get financing for a home or a major purchase. But, here are some things to know that can help you make the mortgage loan process run smoothly when you are self employed.
When verifying income - In general, lenders want to see at least 2 years of self employment history, sometimes they want to see 3 years. They will want to see this history verified in tax returns, usually. Sometimes the lenders will figure your income as being the average income you claimed on your income taxes as profit, not your gross business income. Sometimes the lender will figure your income as the lowest of the two years and sometimes as the highest of the two years. Talk to your mortgage broker or lender and find out which way they verify. Sometimes lenders will figure a portion of your write-offs or deductions back into your income. There are ideas of other ways that a lender may be able to verify your income and if you are self employed it will help you to be able to show a more of your income.
A. Use bank statements as proof of income - Find a lender who will accept 1-2 years of bank statements as proof of income. It is becoming more common nowadays for lenders to verify your income this way. This way usually works better in proving income than going off of your tax returns, because you can usually prove a lot more cash flow than tax returns will show. On your tax returns you usually subtract each and every business expense before you claim any profit. When using bank statements, you are still proving income, this does not put as much emphasis on your credit score or down payment as the stated income or no doc loan will.
B. Do a stated income or no doc loan - These types of loans are done all of the time, where you need no proof of income, you only state on a form what your income is, and you do not need to verify it. This can help if you are self employed and want to state your income as it is and not worry about having the lender average out your income from the last two years instead. Make sure you are accurate in stating your income, because the lender may be able to obtain past taxes from the IRS to confirm it. When you do a stated income loan, this will put more emphasis on your down payment or credit score. So, you will usually need one of these factors to be strong if you want to go this route. Most of the time when you do a stated income or no doc loan, you will be charged a slightly higher interest rate because of the extra risk the lenders carries.
C. Put together a profit & loss statement stating accurately stating your profits and expenses from the last two years. This can be a time consuming project, but it can sometimes be used as income verification for a lender. It is more usable if you have had it signed or verified by your accountant.
There are many ways that lenders can work with you if you are self employed. There are many programs available to help you and if you have a down payment or decent credit, you are almost guaranteed to be able to get approved somewhere. To see our list of recommended lenders that would be able to help you, visit here: Recommended Mortgage Loan Companies Online or here Recommended Bad CreditMortgage Loan Companies Online
Written by Carrie Reeder, Owner of ABC Loan Guide. Carrie's website is an informational mortgage loan website. Her website has articles and a list of recommended mortgage lenders for many different types of mortgage loans.
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Mortgage applications increased last week but unlike the prior period, it was driven by refinance volume as interest rates fell to a one-year low, according to the ...
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.
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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.
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 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.
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Millennial homebuyers took advantage of a winter lull in interest rates, using the opportunity to refinance their loans, according to Ellie Mae.
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The refinance share edged back down to 34% of all loans in February, down from 35% in January and down from 43% in February 2018, Ellie Mae's Origination ...
Freddie Mac Enhanced Relief Refinance (FMERR) 2019 guidelines, rates, and benefits | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
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 Appraisals, What You Need to Know - RealtyBizNews: Real Estate News RealtyBizNews
Refinancing your home can save you a lot of money. The process is not as easy as the commercials and ads make it seem, a little perperation goes a long way.
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.
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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 ...
Refinance rates drop for Saturday Bankrate.com
Several benchmark refinance rates fell today. See what that means for you if you're in the market for a mortgage.
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 ...
Analysis: All signs point to a housing boom ahead Chicago Daily Herald
With the decline in interest rates over the past three months, the housing market now has three tail winds all lined up for the first time in this cycle.
Why out-of-control bubble-era mortgages still threaten to smash major U.S. housing markets - MarketWatch
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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 ...
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Last week, the share of borrowers with rates under 5% grew moderately larger. According to LendingTree's Mortgage Rate Competition Index, borrowers with ...
Paul Manafort charged with committing residential mortgage fraud — which is more common than you’d think - MarketWatch
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.
How to Remove PMI From Your Loan U.S News & World Report Money
Conventional wisdom states that when buying a house, the responsible thing to do is to make a good down payment. Not only will you keep your mortgage ...
Mortgage Sector Performance May Lag as Fed Pivots to Treasuries Bloomberg
Mortgage securities may perform worse than government bonds in the coming months after the Federal Reserve said it plans to move more of its debt holdings ...
4 More Questions To Ask Before Refinancing Your Home Forbes
We've already brought you a couple of questions that you should ask yourself before you refinance your home. However, in the interest of helping you be as ...
Freddie Mac increases total and refinance origination forecasts National Mortgage News
Freddie Mac again increased its origination forecast for the next two years, as the rate drops of the past few months are expected to boost refinance volume.
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 ...
33% of Americans Are Bearing This Expense in Retirement The Motley Fool
You'll often hear that it's a wise idea to enter retirement debt-free, and the logic is as follows: When you're limited to a fixed income, you don't want a chunk of ...
Is the refinance market bouncing back? Number of refi candidates jumps 75% HousingWire
Refinance demand has essentially dried up in the last year, but could things finally be turning around? Maybe, according to the latest data from Black Knight, ...
Mortgage Rates Are Down – but Is the Housing Market Looking Up? Knowledge@Wharton
Is it time to cheer for aspiring home buyers or existing homeowners looking to refinance their home loans? Mortgage rates fell for the third consecutive week on ...
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 today, February 22, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, February 22, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates rose very slightly yesterday. So slightly, indeed, that your lender may not have bothered adjusting yours, although it may have slightly ...
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.
Mortgage rates today, March 15, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, March 15, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates were unchanged yesterday. So they remain at their lowest level for 15 months. That was in line with our prediction. But it's been a ...
RC19: The Mengali Group at Guild Mortgage, Best Mortgage Company Davis Enterprise
Mengali Group at Guild Mortgage 404 Second St., Davis 530-753-8980 firstname.lastname@example.org. Second — First Northern Bank Third — Wells Fargo ...
Shopping center firm Retail Value Inc. lands $900 million loan Crain's Cleveland Business
Retail Value Inc., the public company that Beachwood-based SITE Centers Corp. formed last year to shed properties, has secured a $900 million loan to ...
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 ...
More inventory, lower mortgage rates as 2019 homebuying season tilts toward buyers Bankrate.com
Spring is here, which means peak homebuying season is right around the corner. Although it varies from place to place, generally most people start shopping for ...
Kroll says some banks are rethinking viability of mortgage lending business HousingWire
The mortgage industry has witnessed very few mergers and acquisitions in the last year, despite what Kroll Bond Rating Agency calls a “fertile environment” for ...
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.
Jumbo Mortgages Are Slowing Down, Testing Banks’ Postcrisis Playbook The Wall Street Journal
High-end home buyers are turning cautious, a blow to banks that refocused their mortgage businesses around wealthy borrowers in the years after the financial ...
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 ...
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.
Using a Cash-Out Refinance as a Financial Tool Zing! Blog by Quicken Loans
A cash-out refinance can be a useful financial tool. Read on to find out how to make your home value work for you.
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 ...
Report: Homeowners gained nearly $10K in home equity last year | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Report: Homeowners gained nearly $10K in home equity last year | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Home price growth might be slowing, but homeowners are still gaining serious equity in their properties, According to new data, the average homeowner saw ...
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.
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 ...
Mortgage refinance checklist: what you need to refinance your home | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
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 ...
New rapid mortgages allow closings in as few as 8 days Bankrate.com
Some lenders are drastically cutting closing times which, they say, provides an edge in competitive markets. Loandepot is offering what may be the fastest ...
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 ...
Defying Mortgage Delinquency Trends DSNews.com
While mortgage delinquencies continue to drop, February appears to have been an outlier. What made February's delinquencies climb?
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 ...
TFS Financial (TFSL) Downgraded by BidaskClub to Hold Fairfield Current
BidaskClub lowered shares of TFS Financial (NASDAQ:TFSL) from a buy rating to a hold rating in a research note released on Friday. Separately, Zacks ...
Why the Housing Market Should Not Worry About Equity Take-Out MarketReview.com
Can we look at the rate that people are refinancing their mortgages and conclude this will or even could cause a housing market crash? Some people do ...
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 main reason to refinance your mortgage: Save money Chicago Tribune
A substantial drop in interest rate on a fixed rate mortgage could save you money with a refinance. But you must factor in closing costs on the transaction.
Young lawmakers drive conversation on reducing student debt Philly.com
When freshman state Sen. Lindsey Williams, a Democrat from West View, learned Philadelphia Sen. Vincent Hughes was crafting a bill to tackle student debt ...
CoreLogic launches intelligent multisource property data aggregator National Mortgage News
PanoramIQ compiles and analyzes both public and proprietary property data, saving mortgage lenders time and costs by filling the gaps in property histories.
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.
Important Mortgage Facts Shared By National Debt Relief PR Web
Taking out a mortgage is one of the biggest decisions any American family will undertake that is why National Debt Relief shares some of the most common facts ...
How should I apply for a mortgage refinance: in person, by phone or online? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
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.
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 rates drop below 4.5%. Homeowners scramble to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
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 ...
How to refinance to pay off a mortgage faster | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
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 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.
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 ...
Couldn't qualify to refinance last year? Lenders more likely to say yes in 2019 | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
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 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.
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 rates decline for Thursday Bankrate.com
Several benchmark refinance rates decreased today. See what that means for your refinance.
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.
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.
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.
Mortgage refinance applications decline to 18-year low: MBA National Mortgage News
Mortgage applications decreased 1.8% from one week earlier as refinance submissions fell to their lowest in nearly 18 years, according to the Mortgage Bankers ...
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 ...
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 ...
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 advance for Saturday Bankrate.com
Multiple closely watched refinance rates notched higher today. If you're shopping for a refi, see how your finances could be affected.
Refinance rates tick higher for Monday Bankrate.com
Multiple closely watched refinance rates moved higher today. If you're in the market for a home loan, see how your payments might be affected.
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.
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 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.
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
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.
Refinance rates ratchet higher for Friday Bankrate.com
Multiple key refinance rates trended upward today. See what that means for your refinance chances.
Tips for Getting Home Loans from the Right Lenders
Getting home loans is possibly the biggest step in an adult's life. It's up there with having kids, landing that big job, starting your own business.
Home Equity Loans Popular Scams
Most borrowers fail to realize that when trading their much beloved home for cash, lenders can foreclose on their property in the case of default. Moreover, because of fly-by-night operators who are ready to strip unsuspecting borrowers of their most prized asset, it is doubly necessary that borrowers be familiar with some frauds that could be perpetrated on them.
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.
Bad Credit Loans Authenticate What Is Positive About Bad Credit
This might not be the front page news but it is now out in the open! 'Bad credit is getting loans - all kinds of loans'. Lending institutions, banks and other financial constitutions are coming forward to provide loans for bad credit.
Sell Your Home and Invest at the Same Time
I continue to see the same For Sale signs in my neighborhood. The houses just aren't selling.
No Deposit Home Loans
A few years ago, many of us would have had a light chuckle to ourselves if someone mentioned that you could borrow money to buy a house with only the promise of solid future earnings. But today this is a regular occurrence.
Home Buying - What Can You Afford?
Okay, you've decided to buy a home and are trying to figure out what you can afford. Before you go home buying, you need to carefully consider what you can afford as far as a mortgage payment.
Home Equity Lines of Credit - the Basics
A Home equity line of credit is a loan which is similar to a credit card. These often have a very low interest rate (In most cases even lower than home equity loans).
Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget
You've been looking at houses for months, and finally you've found it--the house that's just right. So now, all you have to do is to purchase your new home, move in, and get settled, right? Not quite.
Guide to Remortgages
Here is a useful guide to remortgages. What is a remortgage? A remortgage is when the terms of the original mortgage are renegotiated, and usually means that the borrower increases the amount that they are borrowing, which is often possible due to a rise in the value of the property.
Interest-only Mortgages Have Their Pitfalls
Rising home prices, particularly on the East and West coasts have put the costs of home ownership seemingly beyond the reach of many. And yet, home ownership is up nationwide, and the percentage of Americans who own their homes is the highest it has ever been.
Mortgage-Refinance Loan Measurment 101 -- Evaluate Your Own Ability to Pay
We live in a society where people are losing their homes at an alarmingly high rate. There are several reasons for this, but one could certainly be avoided -- buying a house that creates a loan that is too large for you to handle.
A Mortgage and Bank Trick You Should Avoid at All Costs
Once you've purchased your home, you will begin to get correspondence from your lender about a "Mortgage Reduction Program," in which you can cut years off your mortgage, without adding money to your payment. This is another trick bankers have to get you to give them your payment sooner, so they can hold it in escrow and make more money off of you.
Refinance Your House
If you have seen all the advertisements regarding refinancing your house you may be wondering if refinancing can actually save you money. The answer is yes! Interest rates are at the lowest levels in decades and there has never been a better time to refinance your home.
Buying a New Home - Home Buying Tips
If you in the process of looking for your first home, there are some essential steps that you should be aware of. Many times, people fall in love with a home and rush into the deal-not considering some important issues.
Home Mortgage Interest Rates: How to Compare
Whether you are looking to purchase your first home, sell your current home and purchase a new one, or you are wondering whether or not you should refinance your existing mortgage, it is beneficial to compare current home mortgage interest rates from several companies to be sure you get the best deal possible. They can be researched very easily online, and you can tailor your search to give you accurate rates based on the state that you will live in, whether you are buying or refinancing, and the amount of the loan.
Flexible Mortgages - Offering Relief from the Fixed Mortgage
A pension mortgage may seem lucrative at the first sight. However, they seldom are, if the customers who took pension mortgage are to be believed.
What is the PayOption ARM?
Imagine an adjustable rate mortgage that allows you to pick one of four payment options on your monthly mortgage bill. It is an ARM on which the interest rate adjusts monthly and the payment adjusts annually, with borrowers offered options on how large a payment they will make.
Sorting through mortgage elimination programs
Mortgage elimination programs are all the rage these days. In the event that you don't know what they are, it's a really basic concept.
Home Loans and Mortgages - Beware of Deed Theft Scam
The average home in the United States has a value of $206,000, a record amount. Real estate prices have been rising throughout the country during the last five years, and homeowners have seen the value of their property skyrocket.
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