Archive for the ‘Mortgage’ Category

The decision to buy a house is a great one, and nothing can make the outcome of that decision greater than being well informed of what to expect from the process of choosing and getting a mortgage. If credit history is an issue, prepare yourself and learn beforehand what you can do to optimize and [...]

Getting a house of your own is a lifetime achievement and a home mortgage helps you in achieving this milestone much earlier than it would otherwise have been possible.  In fact, the first home mortgage is also filled with a lot of emotion.  A home mortgage is really something that makes dreams come true.
So let [...]

In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than ever, but here’s a primer on the basics.
Mortgage Loans
With the real estate market explosion over the last 10 years, a call has gone out for unique mortgage loan programs. Bankers have been more than happy to [...]

The general mantra in the real estate world is you want to avoid paying points when obtaining a mortgage. As with most assumptions, this is not always true.
Using Points To Cut Your Interest Rate
When discussing mortgages, it is important to understand what points are. Points are essentially an upfront cost you pay a lender in [...]

Zero down home financing helps you buy a house with little out of pocket expense. Instead of depositing $60,000 to $20,000 to get in your home, the most you will pay are closing costs of a few thousands. No money down can also help you buy a vacation home without completely depleting your investments.
When To [...]

Getting a quality home loan and financing can not only be difficult but also confusing. Whether it’s trying to get a loan for your first home or refinancing an existing mortgage, you need to know all of the options available.
From FHA to limited government tax breaks, there are a number of programs that could help [...]

Jane A. Smith said:
The first issue of concern is improved communication to subprime borrowers about the real, hidden cost of their adjustable rate mortgage (ARM) loans. This kind of loan is often suggested to subprime borrowers because the introductory rate of interest is so low,  often called a “teaser rate”. Before the appearance of [...]

Jane A. Smith asked: There’s a lot of talk in the media these days about subprime lending. Do you really know what it is? Essentially, subprime lending means loaning money at a rate of interest that is usually much higher than the “prime” rate. In the United States, the most frequently used prime rate is [...]

Nikki M. Vaughn asked: Were you the victim of Predatory Lending? Deceptive and predatory lending practices were all too common between 2001 and 2008, as the lawyers at www.ConsumerDebtAdvocate.net find over 90% of all loans we perform a forensic analysis on have multiple violations.  If you took out a new mortgage loan during this period [...]

Phil asked: Building societies in the UK saw a fall of more than £1 billion in their mortgage lending during March 2008 according to published home loans data. They also observed a drop in advanced net loans from £1.8 billion to £580 million compared to the same moth of 2007.This decline which equates to a [...]