|Mortgage & Refinancing Information|
Some of the Available Loan Types
There are many mortgage products available on the market today. We can help you find out which one is right for you. Here are the most common options.
Fixed Rate Mortgages (FRM's)
* Interest rates stay constant for the life of the loan.
* Offered in 10, 15, 20, or 30 year terms.
* Payments are made up of principal and interest (P & I) portions and escrow portions. The P & I portion would not change for the life of the loan. Escrow amounts would pay for things like home owners insurance and property taxes. Escrow amounts may vary from time according to the cost of these items.
* If your loan requires that you carry Personal Mortgage Insurance (PMI), these payments would be added to your monthly payment amount until this mortgage would no longer be necessary. This is normally when you acquire 20% equity in the home.
* Fixed rate mortgages usually have low down payment requirements.
Adjustable Rate Mortgages (ARM's)
* Also called variable-rate loans.
* Starts out with a lower interest rate, and changes according to market fluctuations. How often it changes depends on the terms of the loan. The most common adjustment term is once every year.
* ARM's have limits, or caps, on the number of percentage points it can go up each year. It also has caps on how much it can go up for the life of the loan. This happens according to the terms of the loan you choose. For example- your mortgage starts at a rate of 4%. If you have a yearly cap of 2 points, and a life long cap of 6 points, this is what can happen to the percentage rate of your loan. At the end of one year your mortgage company can increase your rate by two points, to 6%. At the end of the second year, your mortgage company can increase your rate by 2 points, to 8%. (A total of 4 percentage points higher than the original term of the loan.) At the end of the third year, your mortgage company can increase your rate by 2 points, to 10%. A total of 6 percentage points higher than the original terms of the loan.) At this point you have had an increase of 6 percentage points and can no longer have your interest rate raised for the life of your loan. Of course these changes are tied to the index that your ARM is based on.
* A convertible ARM allows you to have the lower interest rates for the beginning of the loan, but the option to convert to a fixed rate loan when you choose. This usually requires a conversion fee as set up by your loan institution.
* These types of mortgages allow you to carry a lower interest rate than most other types of mortgages.
* Terms of these types of mortgages are usually for 5 to 7 years. At the end of this time period a payoff payment, or balloon payment, is required to pay off the remainder of the loan.
* If you plan on staying in the house at the end of your loan period, you must refinance your loan amount into a conventional mortgage plan to make your balloon payment. (A FRM or an ARM.)
Interest Only Mortgages
* An option that can be attached to any type of loan, not an actual loan type.
* You pay only the interest on your borrowed amount for the beginning terms of the loan. This is usually between 1 and 5 years in length.
* At the end of your interest- only period you begin making payments based on the interest rate of the type of mortgage you chose- a FRM or an ARM. You have conventional principal and interest payments, plus any escrow amounts due.
* You do not save any money on your principal when choosing this type of loan. It only delays you paying your principal for a preset length of time. Your P & I payments will actually be higher after your interest only period, because your payments will be amortized according to the remaining time left on the loan. Example- A 5 year interest only option on a 15 year mortgage for $100,000.00. You will pay only the interest for the first five years, then you will pay P & I for only 10 years. Therefore, you will be paying off the $100,000.00 over 10 years instead of 15 years, making your payments higher.
* This option works best for people in certain monetary situations. The most common ones are if you do not make a set amount of money every month, such as being paid on commission or bonuses. Another one would be if you are expecting a lump sum payment of money in the forseeable future. A more risky reason would be if you are sure you can invest the money saved by doing this for a secure profit at the end of your interest only period.
* Most loan institutions follow the Fannie Mae or Freddie Mac federal guidelines for loans. They have an established maximum loan amount of $359,650.00. Any loan above this amount would be considered a Jumbo loan.
* Jumbo loans usually carry a higher interest rate.
Mortgage refinance boom goes bust as rates shift higher CNBC
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand. Mortgage application volume fell ...
Mortgage rates are low. Here's how to figure out if you should refinance NBC News
Low mortgage rates have many people thinking about buying a new home or refinancing their current mortgage.
Mortgage rates are low. Here's how to figure out the best plan for your budget CNBC
The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. But first, you need a plan.
Fixed mortgage rates increase for the fourth week in a row The Washington Post
It wasn't much of a lift, but fixed mortgage rates moved higher for the fourth straight week. According to the latest data released Thursday by Freddie Mac, the ...
These are the best (and worst) reasons to refinance your mortgage Bankrate.com
Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...
Homeowners are rushing to refi mortgages as rates drop The Real Deal
Homeowners throughout the country are looking to refinance their mortgages thanks to lower borrowing costs, contributing to a sharp government bond rally.
Rising mortgage rates again reduce refinance application volume National Mortgage News
Higher interest rates cut refinance mortgage application volume and reduced overall activity even as the purchase index reached a nine-year high, according to ...
Refinance mortgage rates mixed for Monday Bankrate.com
Refinance rates were mixed today. If you haven't locked a refi yet, see how your future mortgage payments could be affected.
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
5 million homeowners suddenly "in the money" to refinance | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Millions of homeowners could now save each month on their mortgage payments, according to a new report. That's because they're suddenly “in the money” to ...
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions - MarketWatch
Did you refinance your home mortgage last year? You can still qualify for often-overlooked deductions MarketWatch
f you refinanced your home mortgage last year, you may be in line for some often-overlooked tax deductions on your yet-to-be-filed 2018 Form 1040.
Refinance mortgage rate eases for Monday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. See what that means for you if you're in the market for a home loan.
Refinance mortgage rate dips for Saturday Bankrate.com
Refinance rates were mixed, but one key rate declined. See what that means for you if you're in the market for a home loan.
Mortgage Traders Breathe Easier as the Risk of a Refinancing Wave Ebbs Bloomberg
Mortgage investors are breathing a sigh of relief amid signs a potential surge in prepayments set to weigh on returns may be avoided.
Weekly mortgage applications fall as the highest rates in a month are spooking spring buyers CNBC
Homebuyers had been brushing off the slight rise in rates over the past few weeks, but as those rates move even higher, buyers are now pulling back.
Refinance mortgage rate slides for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate declined. If you're in the market for a mortgage, see what that means for you.
Refinance rates move higher for Wednesday Bankrate.com
Multiple key refinance rates notched higher today. See what that means for your refinance.
Mortgage rates fall for Wednesday Bankrate.com
Multiple key mortgage rates fell today. See how that could affect your mortgage payments.
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 Tuesday Bankrate.com
Multiple closely watched refinance rates decreased today. See what that means for you if you're in the market for a home loan.
Here's how many borrowers should refinance after the recent drop in mortgage rates HousingWire
Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger for the refinance market. According to the latest report from ...
As mortgage rates drop, originations in refi territory could double National Mortgage News
If mortgage rates fall below 4%, it could more than double the dollar volume of agency mortgages exposed to refinancing incentive, analysts at Keefe, Bruyette ...
Refinance rates dip for Monday Bankrate.com
Several benchmark refinance rates were down today. If you're in the market for a home loan, see what that means for you.
Closed loan and refinance shares grow on sinking mortgage rates National Mortgage News
Mortgage rates continued to decline through the spring home buying season, driving up the share of refinance loans and overall closing rates, according to Ellie ...
Mini refinancing boom is a boost for lenders The Real Deal
There has been a mini surge in mortgage and refinancing applications spurred by falling mortgage rates, the Wall Street Journal reports.
Refinance rates rise for Friday Bankrate.com
Multiple closely watched refinance rates notched higher today. See what that means for you if you're in the market for a home loan.
Refinance rates ratchet higher for Friday Bankrate.com
Several closely watched refinance rates advanced today. If you're in the market for a home loan, see how your payments might be affected.
Refinanced office and water park loans highlight $938M Wells CMBS Asset Securitization Report
A renovated office complex in Florida and a recently built Great Wolf Lodge resort in Orange County make up two of the largest loans in Wells' latest conduit.
Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage HousingWire
A little over a year ago, Airbnb partnered with some of the nation's largest mortgage players, including Fannie Mae and Quicken Loans, to allow hosts using the ...
Refinance rates ease for Thursday Bankrate.com
Several closely watched refinance rates fell today. See what that means for your chances of getting a better mortgage rate.
Refinance rates rise for Thursday Bankrate.com
Multiple closely watched refinance rates trended upward today. If you're in the market for a refi, see how your future mortgage payments could be affected.
Mortgage rates continue to nose-dive as 30-year fixed experiences biggest one-week drop in a decade - The Washington Post
Mortgage rates continue to nose-dive as 30-year fixed experiences biggest one-week drop in a decade The Washington Post
Just a handful of months ago, mortgage rates were soaring. Now they are sinking. According to data released Thursday by Freddie Mac, the 30-year fixed-rate ...
Refinance rates retreat for Wednesday Bankrate.com
Multiple benchmark refinance rates sunk lower today. If you're in the market for a mortgage, see what that means for you.
Important mortgage rate dips for Tuesday Bankrate.com
Mortgage rates diverged today, but one key rate declined. See what that means for you if you're in the market for a mortgage.
Refinance rates trend higher for Wednesday Bankrate.com
Several closely watched refinance rates notched higher today. If you're in the market for a home loan, see what that means for you.
Saudi Real Estate Refinance Co plans up to 4 bln riyal sukuk sale... Reuters
Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk ...
Debt-to-Income Ratio for Student Loan Refinancing NerdWallet
Your debt-to-income ratio, or DTI, is one of the many factors lenders assess when you apply to refinance student loans. The lower, the better.
Refinance rates slide for Friday Bankrate.com
Several key refinance rates decreased today. See what that means for you if you're in the market for a mortgage.
Liz Weston: How debt 'solutions' could dig you in deeper GoDanRiver.com
Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans ...
Mortgage rates up for Friday Bankrate.com
Multiple benchmark mortgage rates climbed today. If you're shopping for a mortgage, see what that means for you.
Jim's Credit Corner - April 14 The Grand Junction Daily Sentinel
Jim,. My wife and I have decided to start divorce proceedings. While we have both agreed to pay certain bills until the divorce is final, I'm concerned my spouse ...
Refinance rates trend higher for Monday Bankrate.com
Several key refinance rates floated higher today. See what that means for you if you're in the market for a home loan.
Refinance rates tick lower for Friday Bankrate.com
Several benchmark refinance rates trended down today. If you're shopping for a refinance, see what that means for you.
Is an Adjustable-Rate Mortgage Right for You? NerdWallet
If you're confident you'll relocate or pay off your mortgage in 10 years or less, an adjustable-rate mortgage, or ARM, may be the best home loan option for you.
Weston: How debt 'solutions' could dig you in deeper DeKalb Daily Chronicle
Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans ...
Refinance rates drop for Saturday Bankrate.com
Several key refinance rates sunk lower today. If you're shopping for a refi, see how your payments might be affected.
Mortgage rates taper off for Friday Bankrate.com
Several benchmark mortgage rates dropped today. See what that means for you if you're in the market for a mortgage.
Mortgage rates today, April 2, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, April 2, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Average mortgage rates rose again yesterday, as we predicted. However, they moved up much more sharply than expected. It was a bad day. Markets yesterday ...
Novus Home Mortgage Launched National Mortgage Professional Magazine
Panorama Mortgage Group has launched Novus Home Mortgage as a new brand, focusing on conventional, government and specialty mortgages for the ...
How to Get a Mortgage for a Rental Property U.S News & World Report Money
Mortgages for a rental property are different from home loans for your primary residence. For example, the interest rates for a rental property may be higher.
The new digital divide is between people who opt out of | Cosmos Cosmos
Smart people are questioning the influence of artificial intelligence on many aspects of their lives. Anjana Susaria of Michigan State University in the US.
Last Minute Tax Deductions for Homeowners TheStreet.com
Watch the video to learn important tax deductions for homeowners. This is an excerpt from TheStreet's FREE WEBINAR with TurboTax.
Mortgage rate plunge lowers a no-cost, 30-year fixed refi to 3.9% OCRegister
What's up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary. From Freddie Mac's weekly survey: ...
I Got an Adjustable-Rate Mortgage and Wow, What a Ride! Realtor.com News
I got an adjustable rate mortgage, or ARM—and here's how this decision impacted our finances over five, 10 years—and beyond.
Rent near me: Housing inequality mirrors income inequality, says study Curbed
Cost increases much higher for low-income renters than high-income homeowners, exacerbating income divide.
Need cash? Now you can sell the equity in your home to investors CNBC
There is a new way to take cash out of your home with no monthly payments and no interest. It's not a loan. It's not a mortgage. It is a contract with an investor ...
Lower Mortgage Rates No Relief For U.S. Home Sales Seeking Alpha
Across the US, sales of existing homes in March dropped 5.4% from March last year to a seasonally adjusted annual rate of 5.21 million homes, according to the ...
Mortgage rates lower for Friday Bankrate.com
Several benchmark mortgage rates receded today. See how that could affect your home loan payments.
Key Factors to Impact New Residential's (NRZ) Q1 Earnings Yahoo Finance
New Residential Investment Corp. NRZ is scheduled to report first-quarter 2019 results on May 1, before market open. The company's results will likely display ...
Analyzing Shifts in Mortgage Rates and Refinances The MReport
The average interest rate on a 30-year fixed rate mortgage fell to 4.37 percent in February from 4.46 percent in January, according to the February Refinance ...
Quicken Loans to allow short-term rental income for mortgage qualification - Mortgage Professional America
Quicken Loans to allow short-term rental income for mortgage qualification Mortgage Professional America
Quicken Loans has partnered with short-term rental company Vrbo to allow short-term rental income to be used to qualify for a mortgage refinance. Mortgages ...
Home equity lines of credit can be the key to your next home improvement project Journal Times
Have you been thinking about remodeling the bathroom, adding a deck or renovating the upstairs attic into a bedroom? It's fun to dream, but coming up with the ...
What Is A Cash-Out Refinance And How It Can Help You Cover Life's Big Expenses Forbes
Sometimes life will throw big expenses your way. When that happens, tapping into the equity in your home can be a smart way to get the funds you need.
Mortgage rates today, March 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage rates today, March 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Yesterday was another good day for average mortgage rates. As we predicted, they fell again, but nothing like as sharply as they did on Friday. Still, the ...
Saudi Real Estate Refinance Co. plans up to $1.07bn sukuk sale this year Arab News
RIYADH: Saudi Real Estate Refinance Co. (SRC), modelled on US mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of ...
5 steps to take now to make your house work for you in retirement Bankrate.com
Whether retirement is around the corner or many years away, your home can be an important part of your post-work life, if you take the right steps. Experts agree ...
USDA Loan Calculator NerdWallet
Use our free USDA loan calculator to find out your monthly USDA mortgage payment. See a breakdown of your costs, including taxes and the USDA guarantee ...
Mortgage applications drop in US housing market as rate edges up - Xinhua | English.news.cn - Xinhua
Mortgage applications drop in US housing market as rate edges up - Xinhua | English.news.cn Xinhua
WASHINGTON, April 17 (Xinhua) -- Mortgage applications in the United States dropped last week, as mortgage rate rose in the housing market, Mortgage ...
Mortgage competition banned at Laguna Woods co-ops OCRegister
What's up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary. From Freddie Mac's weekly survey: ...
PMI Calculator NerdWallet
Use NerdWallet's free private mortgage insurance (PMI) calculator to estimate the total cost of PMI you will pay over the life of your mortgage.
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 ...
Solar panel installs surge as tax credit set to phase-out Bankrate.com
Homeowners considering solar energy might want to make a decision before the end of the year in order to get their full 30 percent tax credit, which is set to ...
Why the world’s biggest bond investor is dismissing the yield curve’s recession warning - MarketWatch
Why the world’s biggest bond investor is dismissing the yield curve’s recession warning MarketWatch
Pimco's chief investment officer says the U.S. is unlikely to see a recession this year.
A Growing Gap in Consumers' Awareness of Algorithmic Influence Undark Magazine
Opinion | A digital literacy gap is widening between consumers who know how to opt out of the algorithmic curation of their personal data and those who don't.
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.
Quicken Loans includes rental income in mortgage qualification Mortgage Professional America
Owners of vacation properties rented out through Vrbo will now be able to use income from those rentals to qualify for a refinance mortgage from Quicken Loans.
Struggling widow’s big win over Westpac in mortgage battle 9news.com.au
A widow who battled with Westpac for years over a painfully high interest rate to her mortgage has had a big win after the bank apologised. Tracey Lewis's late ...
Boomerang buyers: More people who lost homes during housing crisis are buying again USA TODAY
More people who lost homes to foreclosures or short sales in the housing crisis are buying again. Many plan to buy within 3 years.
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 ...
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 ...
Key mortgage rate moves upward for Wednesday Bankrate.com
Mortgage rates diverged today, but one key rate climbed. If you're shopping for a mortgage, see how that could affect you.
Fitch Sees ‘High Losses’ for CMBS If Malls Can't Refinance Bloomberg
Commercial mortgage-backed securities could see big losses if troubled mall loans aren't refinanced before they mature in 2020, according to Fitch Ratings Inc.
Is a primary home an investment or just a predictable place to live? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Is a primary home an investment or just a predictable place to live? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Some say a primary home investment is not an investment at all. They argue homeowners should see their houses differently and ignore the financial side.
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 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 ...
OpEd: Affordable Housing Requires A New Shape For The Mortgage Industry Africa.com
There are two essential parts to achieving affordable housing: building decent, low-cost homes, and developing a housing finance market that enables ...
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 ...
FNF Reports First Quarter 2019 Diluted EPS of $0.74 and Adjusted Diluted EPS of $0.43, Pre-Tax Title Margin of 19.2% and Adjusted Pre-Tax Title Margin of 11.3% - Yahoo Finance
FNF Reports First Quarter 2019 Diluted EPS of $0.74 and Adjusted Diluted EPS of $0.43, Pre-Tax Title Margin of 19.2% and Adjusted Pre-Tax Title Margin of 11.3% Yahoo Finance
JACKSONVILLE, Fla., April 24, 2019 /PRNewswire/ -- Fidelity National Financial, Inc. (FNF), a leading provider of title insurance and transaction services to the ...
Subservicer Products; Vendor Updates - Raising Money, Buying Lenders, and Using Blockchain - Mortgage News Daily
Subservicer Products; Vendor Updates - Raising Money, Buying Lenders, and Using Blockchain Mortgage News Daily
Should small, non-depository mortgage bankers be concerned about big banks renewing their interest in FHA loans? Probably. Bank of America is promoting its ...
Washington Prime Group Announces Execution of $180M Non-Recourse Mortgage Note Secured by Waterford Lakes Town Center - Associated Press
Washington Prime Group Announces Execution of $180M Non-Recourse Mortgage Note Secured by Waterford Lakes Town Center Associated Press
Press release *content* from Globe Newswire. The AP news staff was not involved in its creation.
Why Interest Rates Aren't A Threat (Yet) Seeking Alpha
Media is raising the specter of rising interest rates again. Key interest rate ratios show that rates aren't a threat, however. The main factor is money demand,
Is Kenya's housing levy the right thing done wrong? The Africa Report
Kenya's housing levy to fund affordable homes is meeting resistance as citizens feel over-taxed and fear the money will fall into the hands of elites.
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.
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.
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 ...
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 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 ...
Mortgage industry crucial in creating self-reliant citizens Arab News
The opening day of the Financial Sector Conference in Riyadh addressed big themes — macro-economics, capital markets, multibillion-dollar bond issues ...
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.
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 ...
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.
Home Loans and Mortgages - The Myth of Tax Deductible Interest
Home ownership has risen sharply in recent years, and the percentage of Americans who own their own homes is approaching a record seventy percent. That's a good thing; we'd all rather live in our own home than consider the alternatives.
Buying a House? How Much Home Can You Afford?
Maybe you've heard the expert advice that your debt to income ratio shouldn't be more than 36 percent of your total income. But do you truly know what that means, and how lenders will look at your financial history in order to decide whether or not to extend you a mortgage? If you need help figuring out your debt to income ratio, simply follow the guidelines below and soon you'll know whether or not you're in a position to apply for a mortgage loan.
Getting The Best Rates On Mortgages And Loans
With an impending up-grade to the family due in a few months it soon became clear that our two-bedroom home would need an addition. We loved our house too much to consider moving.
Buying a Home With Bad Credit - Why a Recent Bankruptcy Will Not Stop You From Getting Approved
Buying a home with bad credit is possible with the help of a subprime lender even if you have a recent bankruptcy or foreclosure. These mortgage lenders specialize in financing home loans for people with poor credit.
Say Yes to ISA Mortgages for a Convenient Mortgage Repayment
Customers who opt for an interest only mortgage, and feel themselves fortunate at the extraordinarily low monthly installments, wake up. The mortgage may be fast approaching its repayment.
Non-conforming Home Loans vs Conforming Loans
The simple definition of a "non-conforming home loan" is: You have a job and can make the payments. Your credit is used only to determine your interest rate and the loan amount to value of the home ratio.
What Is The Best Deal For A Mortgage?
Few of us invest the time and effort into researching and securing the best deal for a mortgage to purchase our home.For most of us, our house is the single most important and expensive purchase we ever make!We invest a lot of time and effort into finding the perfect property in the best location and with as many of the features from our wish list as possible, yet, when it comes to finding the best deal for a mortgage, we take what is offered rather than researching and securing the best mortgage for our situation.
The Truth About Shopping for Mortgage Rates
With so much lender advertising focusing just on rates, you may not be aware of the importance in choosing an experienced, reliable loan professional who can match you with the appropriate loan program. Good loan officers and mortgage brokers may quote today's rate when asked, but they will quickly add they need to know more about you to determine the best program for your individual situation.
This Secret Weapon Will Eanble You To Close Up To 200% more Home Remodel Sales
Many Homeowners are not aware of all the options that are available to them when it comes to Home Loans. As a Home Remodeling Specialist you have a very powerful sales tool that most of your competitors don't even know exists.
Bad Credit Home Financing - Get The Mortgage Loan You Want Even With Poor Credit
Having poor credit alone cannot hold you back from getting the home loan you want. Buying a home that is everything you want in a home, is a very exciting experience.
Thinking About Refinancing Your Loan?
Refinancing your home or property is a big decision that could drastically affect your financial future, for the good or the bad, depending on how smart you go about the process. Take the time to explore all of the different refinancing options you have available to you.
Need Mortgage? Alternative Finance Often Masks Predators, Who Want to Steal Your House
So, your bank had just turned you down for a mortgage application. The same thing also happened, when you went to other banks in your area.
How I Became a Hard Money Lender
Unlike other investors, my venture into real estate was a natural extension of my secondary business as the IP Ware software developer. However, opportunity and perseverance beget wealth, or at least a decent side income.
Refinancing vs Line of Credit
Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit.
What the Bank Won't Tell You About Mortgage Refinancing
So you have a mortgage, and you need to refinance to get your interest rates low. Most people simply walk into their bank, ask to refinance, and then end up paying more money long term than they would have otherwise.
Mortgage Calculator - How to Calculate Your Monthly Mortgage Payment
Just starting to shop for a new home? Do you want to know how to figure what yourmonthly payment would be based on a certain priced home? No problem, there are plenty of mortgage calculatorson the web you can use free of charge (clickhere for an example of one). All you need to know is the mortgage amount, sale price less the down payment, interestrate (also easy to access on the web), and the number of years you wish tofinance your new home, usually 30 years (360 months) is the maximum term.
First Time Home Owner Mortgage Loans
First time home owners are sometimes surprised at the complexity of the mortgage lending process. If you are searching for a mortgage and you have never owned a home, there a few things you can do to make the mortgage process less confusing.
What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
Have you ever heard of a mortgage broker before? If you haven't, then you definitely need to give yourself more options whether you are applying for a new home loan or are refinancing your current loan, and learn what they are all about. Mortgage brokers can help you save thousands over the life of your loan.
Remortgage Serves To Rewind The Reimbursements Of Mortgage
It takes a mighty big effort to secure a home and even mightier to convert it into an earning member. Can a home be converted into an earning member? In contemporary configuration anything is possible! You must be aware of the advantages of mortgage, for you certainly have opted for that before going for a remortgage.
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