|Mortgage & Refinancing Information|
Think You Cant Get a Mortgage?
You've finally found that dream home that you have always been searching for, but you are afraid to apply for a mortgage because you have bad credit or less than perfect credit.
Before you give up entirely, there are many mortgage programs that are geared towards people just like you. Here's a short guide to finding the best one.
The first step in getting a home loan is to find out what your actual credit score is. This will help to protect you against lenders taking advantage of you because of your poor score. Some companies may try to charge a higher interest rate than the applicant's score actually warrants, so being prepared is very important. There are many services to help you find and manage your score, so take advantage of them.
Once you know your score, you can then begin to look around for the best mortgage program. Generally speaking, lending agencies categorize credit scores based upon a ranking system. The A- category is for those with the best credit; the D-category is for those with the worst credit history. But even if you fall into the last group, you should be able to find a mortgage scheme.
There are companies that will work with you, regardless of whether you have tax liens, judgements, charge-offs or collections. Many of these companies will probably assign you a higher interest rate than those with good credit, and perhaps even require you to put down a larger deposit on your home. On average, those with poor credit histories are only able to finance approximately 80% of the total asking price, so you will be required to put down the difference.
Even if you have a history of bad credit, or county court judgements levied against you, you should find a mortgage lender who will be sympathetic towards your individual situation.
Mark Lambie is the founder of The Loan House a website that allows consumers to quickly and easily get mortgage refinance mortgage information.
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 ...
Residential Refinance Mortgage Originations Drop 21 Percent In Q3 2018 PRNewswire
IRVINE, Calif., Dec. 13, 2018 /PRNewswire/ -- ATTOM Data Solutions, curator of the nation's premier property database, today released its Q3 2018 U.S....
Refinance mortgage rate moves lower for Wednesday Bankrate.com
Refinance rates were mixed, but one key rate fell. The average for a 30-year fixed-rate refinance trended down, but the average rate on a 15-year fixed refinance ...
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.
5 Terrible Reasons to Refinance Your Mortgage MoneyWise.com
Mortgage rates have been going up, so time may be running out if you're looking to refinance your home at an attractive rate, to lower your mortgage costs or...
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 activity perks up on lower rates Scotsman Guide News
Mortgage applications picked up last week after a decline in rates, the Mortgage Bankers Association (MBA) reported. For the week ending Dec. 7, MBA's ...
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...
MBA: Mortgage applications increase 1.6% | 2018-12-12 HousingWire
Mortgage applications increased 1.6% for the week ending Dec. 7, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage ...
Refinance rates fall for Tuesday Bankrate.com
Multiple closely watched refinance rates decreased today. If you're shopping for a home loan, see how your payments might be affected.
Mortgage lender profit outlook falls for nine straight quarters: Fannie Mae Seeking Alpha
Profit outlook for mortgage lenders fell for nine straight quarters in Q4 2018 as demand for loans to buy homes and to refinance existing mortgages decline.
Refinance mortgage rates mixed for Saturday Bankrate.com
Refinance rates were mixed today. See what that means for your refinance.
Mortgage Activity Hits 2-Month High as Home-Loan Rates Fall Newsmax
Mortgage Activity Hits 2-Month High as Interest Rates Fall; The Washington-based group's seasonally adjusted index on mortgage applications increased 1.6 ...
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 ratchets higher for Friday Bankrate.com
Refinance rates were mixed, but one key rate increased. The average rate for a 30-year fixed-rate refinance advanced, but the average rate on a 15-year fixed ...
Here’s Why You Shouldn’t Let Rising Interest Rates Scare You from Buying a Home - Zing! Blog by Quicken Loans
Here’s Why You Shouldn’t Let Rising Interest Rates Scare You from Buying a Home Zing! Blog by Quicken Loans
Worried about rising mortgage interest rates? You're not alone. The days of paying 3% for a 30-year fixed-rate mortgage are long gone. Today, you're more ...
Mortgage Applications Uptick in Early December World Property Journal
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 7, 2018, mortgage applications rose 1.6 ...
JACK GUTTENTAG: Purpose determines if refinance is correct answer Sarasota Herald-Tribune
Should I refinance?This question was posed to me recently through Quora, the question and answer website. I did not answer it there because an adequate ...
Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates CNBC
While tight supply of homes for sale had been plaguing buyers for much of this year, listings are increasing, but so are prices and interest rates, weakening ...
CFPB sues mortgage company for allegedly deceiving veterans about refinance benefits Lexology
On December 6, the CFPB announced the filing of a complaint and proposed final judgment in the U.S. District Court for the District of Nevada against…
CFPB seeks half-million-dollar settlement with mortgage company over veteran refis - Mortgage Professional America
CFPB seeks half-million-dollar settlement with mortgage company over veteran refis Mortgage Professional America
The Consumer Financial Protection Bureau has announced that it filed a complaint against Village Capital & Investment on allegations of deception. The CFPB ...
Refinance rates slide for Monday Bankrate.com
Several benchmark refinance rates fell today. If you're in the market for a home loan, see how your payments might be affected.
Refinance rates retreat for Saturday Bankrate.com
Several key refinance rates tapered off today. If you're shopping for a mortgage, see how your payments might be affected.
U.S. mortgage activity rises near two-month high: MBA Reuters
(Reuters) - U.S. borrowers filed the most mortgage applications in nearly two months as 30-year home loan costs fell to their lowest levels since early October, ...
Federal Reserve: More homeowners are getting their refi applications rejected HousingWire
Every few months The Federal Reserve Bank of New York's Center for Microeconomic Data releases a survey of consumer experiences when applying for credit ...
Refinance rates drop off for Wednesday Bankrate.com
Several key refinance rates dropped today. If you're in the market for a refi, see how that could affect you.
Refinance rates dip for Wednesday Bankrate.com
Several benchmark refinance rates receded today. If you're shopping for a home loan, see what that means for you.
Mortgage firm appoints chair, MD New Telegraph Newspaper
Nigeria Mortgage Refinance Company Plc (NMRC) has appointed a Senior Advocate of Nigeria, Charles Adeyemi Candide-Johnson and Mr. Kehinde ...
Choosing between an ARM versus a fixed-rate mortgage Bankrate.com
One of the key decisions homebuyers and homeowners make is whether to go with a fixed- or adjustable-rate mortgage. Each have benefits and drawbacks, ...
Refinance rates slide for Friday Bankrate.com
Multiple key refinance rates declined today. See what that means for your refi.
TRANSACTIONS: GCP arranges $27.5M NJ loan, Eastern refinances 33 NJ properties Real Estate Weekly
GCP Capital Group arranged mortgage financing in the aggregate amount of $65,300,000 for the following properties: $27,500,000 for two four-story and two ...
Mortgage Applications Dropped by Rising Rates and Stock Declines ETF Trends
The Mortgage Bankers Association reported that mortgage applications fell last week--dropped by a one-two combination of rising rates and stock declines.
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.
What Americans Should Know Before Cashing out $6 Trillion in Home Equity Credible News
U.S. home values hit a low for the downturn of $148,600 in February, 2012. At that point, millions of homeowners were “underwater” — they owed more on their ...
5 Trends that Will Shape the Housing Market The MReport
As the year comes to an end, we asked experts from across the housing market about what factors that will define the industry in the new year.
Outlook: Three Mortgage-Industry Trends That We Might See in 2019 Home Buying Institute
A new round of mortgage industry forecasts and projections suggest that higher interest rates could lead to a purchase-dominated mortgage market in 2019.
LI banker sentenced in mortgage fraud case Newsday
A Long Island banker was sentenced to 2 years in federal prison Monday for his role in a scheme in which prosecutors said he and his colleagues used nearly ...
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 ...
Uhuru Kenyatta outlines ‘Big Four’ progress Daily Nation
President Uhuru Kenyatta on Wednesday outlined the progress made so far in his Big Four agenda for economic growth, which he unveiled a year ago.
US mortgage activity hits 2-month high as interest rates fall Business Recorder
NEW YORK: US borrowers filed the most loan requests to buy a home and to refinance one in two months as most lending costs declined to their lowest levels ...
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.
3 Signs You Should Refinance Your Mortgage The Motley Fool
Refinancing at the right time can save you thousands of dollars a year.
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.
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.
When Is a Cash-Out Refinance Loan a Good Idea? U.S News & World Report Money
In a cash-out refinance mortgage, you take a loan against your home in excess of what you owe, leaving you with cash available to spend. Adding to the debt ...
This is what the housing market could look like in 2019 HousingWire
In 2018, the housing market experienced its fair share of up and downs, attributed to many factors, including affordability and inventory concerns. But as the year ...
Refinance mortgage rates mixed for Tuesday Bankrate.com
Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.
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 ...
Northern Trust Corp Reduces Position in TFS Financial Co. (TFSL) Fairfield Current
Northern Trust Corp decreased its position in TFS Financial Co. (NASDAQ:TFSL) by 1.3% during the 2nd quarter, according to the company in its most recent ...
Refinance mortgage rates mixed for Thursday Bankrate.com
Refinance rates were mixed today. If you're in the market for a home loan, see how your payments might be affected.
Mortgage application activity rises on uptick in refinance volume National Mortgage News
An increase in refinance activity in the period after Columbus Day drove mortgage applications 4.9% higher from one week earlier, according to the Mortgage ...
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 ...
Refinance mortgage rates mixed for Wednesday Bankrate.com
Refinance rates were mixed today. If you're in the market for a refi, see how your payments might be affected.
Refinance mortgage rate eases for Saturday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. If you're shopping for a refi, 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 mortgage rate trends higher for Tuesday Bankrate.com
Refinance rates were mixed, but one key rate were higher. The national average for a 30-year fixed-rate refinance advanced, but the average rate on a 15-year ...
Should I pay my mortgage with a credit card? Bankrate.com
Many of us put the majority of our expenses on credit cards, racking up rewards before paying off our balances.
Existing and interest-only mortgage borrowers gouged by big banks, says ACCC ABC News
Existing interest-only borrowers subsidised the big banks' revenue to the tune of more than a billion dollars over the past year after they were hit with a ...
Rates Are Rising, But Is It Time To Refinance? Five Scenarios To Consider Forbes
Mortgage rates are rising. Does that mean it's time to refinance? About 85% of you just shuddered at the thought of refinancing as rates climb. Hear me out.
Best Mortgage Lenders Bankrate.com
The best mortgage lender isn't the same for everyone.That's why we compiled a list of best mortgage lenders for first time home buys to those looking for their ...
Refinance mortgage rate slides for Thursday Bankrate.com
Refinance rates were mixed, but one key rate slid lower. If you haven't locked a refinance yet, see what that means for you.
Rocket Mortgage Review Bankrate.com
Rocket Mortgage from Quicken Loans lets you apply for a mortgage in minutes using nothing more than a smartphone app.
Refinance mortgage rate advances for Thursday Bankrate.com
Refinance rates were mixed, but one key rate moved higher. See what that means for your refinance chances.
Refinance rates drop off for Thursday Bankrate.com
Multiple key refinance rates receded today. If you haven't locked a refinance yet, see how your finances could be affected.
Refinance mortgage rate slides for Monday 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 rates fall for Saturday Bankrate.com
Multiple key refinance rates trended down today. If you're in the market for a home loan, see what that means for you.
Refinance mortgage rate ticks higher for Wednesday 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.
Refinance rates tick lower for Thursday Bankrate.com
Several key refinance rates declined today. See what that means for your refinance chances.
Credible Brings the Power of Its Marketplace to Mortgages Credible News
We set the standard for transparency in the student loan industry. Now we're out to do the same for mortgages.
Refinance rates slide for Wednesday Bankrate.com
Several key refinance rates declined today. If you're shopping for a mortgage, see how your payments might be affected.
When and How to Refinance a Personal Loan Bankrate.com
If you're thinking about refinancing a personal loan, check these factors first.
Mortgage refinance candidates cut by half in the past four months National Mortgage News
The number of mortgage borrowers for whom it made sense to refinance declined by nearly half since the end of last year and is at its lowest since November ...
Refinance rates increase for Tuesday Bankrate.com
Multiple key refinance rates climbed today. If you're in the market for a home loan, see how your payments might be affected.
Refinance mortgage rate drops for Friday Bankrate.com
Refinance rates were mixed, but one key rate were down. If you haven't locked a refi yet, see what that means for you.
Refinance rates decline for Thursday Bankrate.com
Multiple benchmark refinance rates receded today. See what that means for your chances of getting a better mortgage rate.
Refinance mortgage share falls back to 2018 low National Mortgage News
As mortgage rates recently hit their highest point in seven years, closed refinances fell back to their low point of 2018, according to Ellie Mae.
Mortgage refinances fall to decade low CNBC
Interest rates for home loans have risen each week this year, so each week homeowners have had less incentive refinance their mortgages. Another drop in ...
Potential refi market falls 40% as mortgage rates keep rising National Mortgage News
The spike in 30-year fixed interest rates, at a time of continuously rising home prices, has pushed home affordability to its lowest level since 2009, and cut ...
Why it may be unwise to refinance a low home mortgage balance The Washington Post
Q: Is it wise to refinance my mortgage if it has a balance of just $26,000? The loan was for 30 years at a fixed interest rate of 7.5 percent. I purchased the home ...
Mortgage refinance share jumps 5% despite rising interest rates HousingWire
The refinance share of mortgage activity increased a full 5% from December to January, rising to 45% of all closed loans, according to the latest Origination ...
Refinance rates drop off for Monday Bankrate.com
Several key refinance rates were down today. See what that means for you if you're in the market for a mortgage.
Refinance rates move higher for Tuesday Bankrate.com
Several key refinance rates rose today. See what that means for you if you're in the market for a home loan.
What It Takes to Refinance a Jumbo Loan NerdWallet
Refinancing a jumbo loan, a mortgage over $484350, in most cases, and up to $726525 and even higher in some high-cost areas, can result in big savings and ...
Refinance rates drop off for Saturday 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.
How Long Does It Take to Refinance a Mortgage? Realtor.com News
How long does it take to refinance a mortgage? Refinancing should take anywhere from 30 to 45 days on average, although that can stretch to 60 days if you hit ...
5 Tips for Finding the Best Refinance Mortgage Lenders NerdWallet
Finding the best mortgage refinance lender for your situation requires knowing your credit score, shopping more than one lender, negotiating lender fees, ...
Cash-Out Refinance Calculator NerdWallet
A cash-out refinance can be a great financing option depending on your use of the cash and your financial profile. This calculator will help you determine how ...
Refinance rates rise for Wednesday Bankrate.com
Multiple closely watched refinance rates floated higher today. See what that means for you if you're in the market for a mortgage.
Refinance rates ratchet higher for Wednesday Bankrate.com
Several key refinance rates were higher today. See what that means for you if you're in the market for a home loan.
Weekly mortgage applications to buy a home hit the lowest level in a month as rates continue to rise - CNBC
Weekly mortgage applications to buy a home hit the lowest level in a month as rates continue to rise CNBC
The highest interest rates in about a month and high home prices took their toll on the mortgage business last week. Total mortgage application volume slipped ...
Refinance rates drop for Wednesday Bankrate.com
Multiple closely watched refinance rates trended down today. See what that means for you if you're in the market for a home loan.
Refinance rates dip for Friday Bankrate.com
Multiple closely watched refinance rates were down today. See what that means for you if you're in the market for a mortgage.
Mortgage rates drop, but borrowers are not impressed CNBC
A drop in mortgage interest rates did nothing to spur borrowers to action. Applications for to both refinance and to purchase a home fell for the week.
Refinance rates ratchet higher for Monday Bankrate.com
Multiple key refinance rates climbed higher today. If you're shopping for a home loan, see what that means for you.
Edmonton Oilers turnaround looks like more than just a temporary spike Edmonton Sun
WINNIPEG — Eight. Two. And one.Most people thought the slumping Edmonton Oilers would get the usual, temporary spike that comes after a coaching change ...
U.S. mortgage industry faces job losses as refinancing dries up Reuters
NEW YORK (Reuters) - With mortgage applications falling to their lowest since late-2014, the U.S. home lending industry is facing a major overhaul in how it ...
Refinance rates drop for Saturday Bankrate.com
Multiple benchmark refinance rates slid lower today. If you're shopping for a home loan, see how your payments might be affected.
Refinance rates move lower for Saturday Bankrate.com
Several closely watched refinance rates tapered off today. If you're in the market for a home loan, see how your payments might be affected.
Homeowners Ditch Refinancings as Mortgage Rates Rise The Wall Street Journal
Refinancings make up a smaller portion of the mortgage business than at any time in the past two decades, posing a challenge for lenders who already fear ...
Refinance rates increase for Wednesday Bankrate.com
Multiple closely watched refinance rates climbed today. If you haven't locked a refi yet, see how your finances could be affected.
Mortgage Tips For The Frantic
It is a curious fact of human nature that people will haggle over the price of an umbrella, but buy a house on impulse.We understand small amounts of money; we know what they can buy.
Home Equity Loans - A Big Benefit Or A Big Mistake?
When the bills are piling up and there doesn't seem to be any way out, a home equity loan can seem like the answer to your prayers. Home equity loans can also be a great way to jumpstart a business or investment portfolio.
Refinance Mortgage Rate and Mortgage Rates
Refinance mortgage rate is the best rate available to qualified homeowners for refinancing their current home mortgage. Refinance mortgage rates vary from product to product and customer to customer.
What is a Remortgage?
A remortgage is changing your mortgage without moving your home. Remortgaging is the process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money.
Thought You Can Go All Alone In Mortgages! Mortgage Advice Beneficial In All Important Decisions
Mortgages are easy as long as you understand them well. But how many borrowers can be confident of their knowledge of mortgages.
Seniors Can Use a Reverse Mortgage to Fund Annuities, Investments, and Insurance Policies
For many seniors in or entering retirement, the prospect of purchasing long-term care, investments or annuities can be cut short by a lack of retirement income. Statistics show that 3 out 4 seniors will have to lower their current standard of living during retirement.
Bad Credit Refinance Loans - Finding a Good Lender
Finding a good lender to help you with refinancing your home loan can be tricky if you have bad credit. There are plenty of predatory lenders out there who would like to take advantage of you with excessively high interest rates and fees.
First Time Buyers Fail To Shop Around
Almost two thirds of first time buyers accept the first mortgage they are offered and fail to shop around, often missing out on better deals.Many first time buyers feel pressurised by their estate agents into quickly organising a mortgage for fear of losing out on a property or are attracted to a low interest rate without looking at the mortgage deal as a whole.
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.
Home Equity Loans - How To Use Your Homes Equity to Consolidate Debt
If you've got a wallet full of credit cards, and monthly payments on them that total more than 25% of your monthly income, chances are that you've considered debt consolidation loans or some other means of taming your credit card debt. But did you know that a home equity loan is another way to get the money that you need to pay off your creditors, reduce your monthly payments, and get out from under the weight of all those monthly payments?A home equity loan is essentially a second mortgage taken out with your house as the collateral.
Refinancing After Bankruptcy
Refinancing after a bankruptcy can seem like an especially difficult challenge, but it doesn't have to be. Six months after your bankruptcy has been finalized, you can find lenders willing to refinance your mortgage.
What Are Home Equity Loans?
A home equity loan is simply borrowing on the difference of the value of your home and the outstanding mortgage on the house. Lets say, you have bought a home worth $50,000 some time back, after making a down payment of $5,000.
Homeowner Loans - Whats Available?
It isn't difficult to get a homeowner loan if you own your own home, hundreds of UK lenders will lend up to 95% Loan to Value of your property and some as much as 125% Loan to Value if you find you have little or no equity at all.Homeowner loans are available to those that own or pay a mortgage on their house, bungalow, flat or cottage.
Residential Mortgages - a Step Ahead on the Property Ladder
Doesn't Residential mortgage give the impression that they are a different breed of mortgages? They are often thought at the first instance to be a complex term, which they aren't. They are actually the regular mortgages that we hear of so often.
How To Get a Mortgage If Youre Self-Employed
If you are self-employed, work on a contract basis, or have an income that is irregular or comes from multiple sources, it will generally be harder for you to get a mortgage than it is for someone who is an employee and can easily prove their income.A self-employed person is someone who runs their own business and works for themselves without an employer.
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.
Bad Credit Mortgage Refinance - Should I, Shouldnt I?
It is a common financial scenario across households in the Western world. Multiple debts have started to build up: a car loan here, a department store loan there; a bank loan here and several credit cards there.
Home Equity Loans - 5 Useful Application Tips
Obtaining a home equity loan does not have to be a major ordeal. Unlike your first mortgage, you are already in the home, and usually time is not such a major factor.
Housing Bill - Changes in the Right To Buy Scheme
Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change.
Kippers or Red Herrings?
Recent news has made much of parents stretching their finances to cover costs for their twenty and thirty something children. Debts and high property prices have forced many offspring to return home, tail between legs, under the attractive new marketing term of "kippers": kids in parents' pockets eroding retirement savings.
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