|Mortgage & Refinancing Information|
Home Mortgage Rate Shopping - Why Some Shoppers Give Up And Others Dont
About 29% of current homeowners and a much larger percent of consumers with income levels above $50,000 feel it best to stay as far away from offers to finance or refinancing their home as possible. And this seemly for good reason. Trying to get a great deal on a mortgage loan or shopping for low rate refinancing can be a pain in the neck and a complete and total hassle for most of us. What's worse, when we think we've found a great offer we're made to feel like a heel when we start asking questions about rates, points and fees. But of course their making us feel like a heel is all a part of the game, right?
The fact is many large transactions make it to the closing table under duress, an urgent need to relocate or the pressure to relieve oneself of heavy debt obligations. Aside from these factors most of us just aren't motivated to make changes on a financial basis even if means risking sustaining our present way of life.
Ignorance Is Bliss Until...Often the real reason behind not being motivated to make major home improvements or lower ones mortgage rates to something more reasonable may very well be the bliss of ignorance. That is to say the bliss of simply not knowing how. Not knowing how to finding the right loan. Not knowing how to find the right lender. Not knowing how to lower ones rates or how to eliminate all the unnecessary red tape. Not knowing how to tell a predatory lender from a lender who actually has your best interest reflected in his closing documents. Not knowing how to accelerate the loan process. It's no wonder we don't know how to approach these issues, most of the news articles and periodical we read don't address these needs and issues with enough depth to achieve the desired results.
The sad thing is when we finally decided to look into doing something about it all we get fed is a bunch of hot air from folks who can't wait to get their grimy hands on our money or worse hour home. So we sit and we wait until the pretence that we are protecting our assets runs thin. While we wait and do nothing we are confronted with the fact that while everyone else's home is appreciating ours may actually be depreciating not to mention the need to address all the mounting credit card debt and those bills that seem to be piling up daily. Yes ignorance is bliss until the roof caves in or the termites take a bite out of that untreated deck.
Knowing Is The Best MotivatorWe must admit at some point in time that protecting our assets can be better accomplished when we know exactly who and what we're protecting them from in the first place. And that would be our creditors, the termites and above all ignorance itself.
Getting to know our financial situation better as well as our options for improvement may actually help us protect and maintain what we value most - our way of life.
From Borrower To InvestorAccording to The Mortgage Loan Search Network, an online informational resource at www.bcpl.net/~ibcnet the key to protecting our assets is allowing their value to reach it's full potential. That is to say, when our money and other assets increase in value and start to make money we are in a better position to maintain what we've worked so hard to acquire.
That said, when one must opt for a home equity loan or cash out refinance loan in order to make necessary improvements in the home or invest in a business or pay college tuition costs the borrower in fact becomes an investor. The money borrowed is being used to bring in a greater return. With that in mind a site called LowMortgageRates at www.lowmortgagerates.cc. lists a number of ways to borrow cash, reduce mortgage rates while lowering mortgage payments, increasing ones home value and creating an income stream to offset debt and eventually eliminate most if not all debt over a shorter period of time.
Getting To The Bargaining TableStill the questions looms, how do you find the right loan, the right lender, lower your mortgage rates, eliminate unnecessary red tape, avert predatory lending schemes and accelerate the loan process? According to one mortgage rate shopping site much of this can be handled in the following ways:
1. Work with your current lender. All your loan documents are already on file accelerating the loan process.
2. Get recommendations of good, reputable, credible lenders from respected trusted sources such as family members, friends and co-workers.
3. Ask recommended lender for references from satisfied customers.
4. Get several low mortgage rate quotes using online tools.
The low mortgage rates network at www.lowmortgagerates.cc presents foolproof methods of screening lenders and getting the rates you want quickly and painlessly. For example, the site suggests that when you're ready to step over to your current lenders bargaining table bring along low mortgage rate offers from other lenders such as those found online. This will motivate your current lender to meet or beat your best offer.
Ignorance is only bliss until the unforeseen overtakes us. After that we either kick ourselves for not knowing or we smile warmly and proudly for having taken the time to learn how to protect our valued assets and way of life.
Mark Askew is the founder of the LowMortgageRates Network, a mortgage and home refinancing information resource for low mortgage rate shoppers located on the web at http://www.lowmortgagerates.cc
What are the hidden costs of refinancing a mortgage? Fox Business
3 Mortgage Refinance Strategies to Consider in 2021 The Motley Fool
Mortgage refinance rates continue hitting record lows – here’s how to get the best deal now - Fox Business
Mortgage refinance rates continue hitting record lows – here’s how to get the best deal now Fox Business
What is a mortgage prepayment penalty fee, and how does it work? Business Insider
What Is A Debt Consolidation Refinance? | Pros And Cons The Mortgage Reports
Racked Up Holiday Debt? Refinancing Could Help You Pay It Off The Motley Fool
3 Options for Financing Home Improvements in 2021 The Motley Fool
Can You Refinance A USDA Loan? | USDA Refi Options The Mortgage Reports
PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research - Taiwan News
PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research Taiwan News
Mortgage refinance: Everything you need to know Fox Business
Buying a Second Home: What to Do and How Much It Costs Credible News
How to decide if you should refinance your mortgage Fox Business
How to refinance your mortgage Fox Business
Who's exempt from the new mortgage refinance fee? Fox Business
Everything You Should Know About The New Mortgage Refinancing Fee That Goes Into Effect Dec. 1 - Forbes
Everything You Should Know About The New Mortgage Refinancing Fee That Goes Into Effect Dec. 1 Forbes
Today’s mortgage refinance rates hold steady for third consecutive day | December 11, 2020 - Fox Business
Today’s mortgage refinance rates hold steady for third consecutive day | December 11, 2020 Fox Business
Today’s mortgage refinance rates mixed — one key rate drops while two hold steady | December 15, 2020 - Fox Business
Today’s mortgage refinance rates mixed — one key rate drops while two hold steady | December 15, 2020 Fox Business
How do I get the most out of my mortgage refinance? Fox Business
4 ways to get lower mortgage refinance rates Fox Business
Today's mortgage refinance rates don't budge for fourth consecutive day | November 24, 2020 - Fox Business
Today's mortgage refinance rates don't budge for fourth consecutive day | November 24, 2020 Fox Business
10 things to know before refinancing your mortgage Fox Business
The best mortgage refinance lenders of January 2021 Business Insider
Refinancing your mortgage? Don’t make this mistake Fox Business
Today's mortgage refinance rates stay low with the election underway | November 3, 2020 - Fox Business
Today's mortgage refinance rates stay low with the election underway | November 3, 2020 Fox Business
Today’s mortgage refinance rates climb upward — though one key rate holds steady | October 23, 2020 - Fox Business
Today’s mortgage refinance rates climb upward — though one key rate holds steady | October 23, 2020 Fox Business
Complete Checklist of Mortgage Refinancing Requirements Credible News
10 tips for getting the best mortgage refinance rates Business Insider
How often can you refinance your mortgage? Fox Business
How to refinance your mortgage without closing costs Fox Business
Thinking of refinancing your mortgage? Do your homework before you jump in. - The Philadelphia Inquirer
Thinking of refinancing your mortgage? Do your homework before you jump in. The Philadelphia Inquirer
When should you refinance your mortgage? Fox Business
Today's mortgage refinance rates hold steady at unprecedented lows | October 16, 2020 - Fox Business
Is now a good time to refinance your mortgage? Fox Business
Should You Lend Your Kids Money for a Home Down Payment? The Motley Fool
How to get a low-cost mortgage refinance Bankrate.com
How to Refinance Your Home | Home Lending Chase News & Stories
Today’s mortgage refinance rates keep sinking, reaching 37-day low | November 13, 2020 - Fox Business
How much can you save by refinancing your mortgage? Fox Business
Now Is A Great Time To Refinance Your Mortgage - New Refinance Fees Delayed Until December 1 - Forbes
Mortgage refinancing is about to get more expensive Pittsburgh Post-Gazette
No-Closing-Cost Refinance: Is It Right for You? NextAdvisor
What is an Offset Mortgage?
An offset mortgage is very similar to a current account mortgage - but instead of having everything all in one account, all accounts are held separately.The offset mortgage concept treats your money as one giant pot, with each element (mortgage, savings, current account etc) separate to the rest.
Choosing a Real Estate Agent
Before you go looking at houses, you'll need to find a real estate agent. Hiring a real estate agent takes a little bit of time to do.
How to Utilize Your Cash Investment in Your Home
Have you ever noticed how hard it can be to get to the equity in your home?Recently I had a client come to my office who had quite a bit of equity in their home. I'm not talking about $50,000 or even $200k, I'm talking about over $250k.
Getting the Best Homeowner Loan for Your Money
With so many lenders out there, it can be hard to tell if you're getting the best homeowner loan for your money. Banks, finance companies, and online lending services all offer competing loans, but determining which offers you the best homeowner loan can be tricky.
How to Find a Good Online Homeowner Loan
A quickly growing trend in lending is the online homeowner loan. This loan uses the equity that you have in your home to secure the loan amount, and features both a convenient way to apply and check on your loan as well as faster decision times and lower interest rates than many loans offered by more "traditional" lenders such as banks and finance companies.
Selecting the Right Mortgage for You
A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money.
Although any loan used for buying real estate is strictly called a purchase money mortgage, the term is often employed for seller financing, those transactions in which you "take back" a mortgage as part of the purchase price. These arrangements are suitable, of course, only when you do not need your proceeds immediately toward the purchase of another home.
How to Get a Cheap Homeowner Loan
If you're looking for a cheap homeowner loan, you might be wondering what you can do to reduce the amount that you have to pay.The simplest answer lies in two things? shopping around to find the lender that offers the lowest interest rates on a cheap homeowner loan, and maximizing the value of your loan against the equity in your home that's being used as collateral.
How To Find A Mortgage With Bad Credit
Shopping online for mortgages ought to be trouble free, even should you have poor credit or no credit score. You can nonetheless find a bad credit lender that can facilitate you.
First Time Buyer Mortgages - Transforming Homeless into Property Owners
Having just settled in life, you are finding the rentals putting too much of a burden on your finances. Nevertheless, you continue the payments thinking that purchasing a home would be practically impossible.
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.
What is a Fixed-To-Adjustable Rate Mortgage?This type of mortgage offers fixed payments for an initial loan period of up to10 years then followed by an adjustable interest rate for the remaining term of your mortgage. Payments are usually lower than most fixed rate mortgages.
Fixed Versus Adjustable Rate Mortgages
Which One Should You Choose?Choosing between a fixed rate loan and aa adjustable rate loan is one of the most perplexing choices anyone can make. With a fixed rate loan, you know exactly where you stand today, and where you'll stand any number of years from today.
Home Loans For People With Poor Credit - Understanding The Requirements For a Subprime Mortgage
Home loans for people with poor credit demand that you understand the requirements for a subprime mortgage loan to get the best rates and terms. By satisfying the requirements, you can be assured of securing a subprime mortgage to buy a home.
10 Questions To Ask Your Mortgage Rep or Banke
This post is a must read for anyone considering purchasing a home be it today, tomorrow or next year. It is sound advice.
What is a Repayment Mortgage?
A repayment mortgage is the type of mortgage that most people think about. The idea behind a repayment mortgage is that you pay monthly for a set period and each payment consists of an element of capital and interest.
Home Loans for Credit Challenged Borrowers
Just because you have negative items on your credit report doesn't mean you can't obtain a home mortgage loan. There are options for you.
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.
A Guide to Quick Homeowner Loans
The search for quick homeowner loans can seem futile at first, especially if you don't know exactly what it is that you're looking for.Different lenders may take longer or shorter periods of time to make loan decisions, and the time that they use may be time that you desperately need.
Bad Credit? Qualify Yourself For A Zero Down Mortgage Loan
I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs.
|home | site map|
|© 2006 TIGER MEDIA|