Apr 28, 2012, 08:36,
The housing recovery is finally taking hold. That means higher prices for all things home-related from loans to improvements.
Apr 4, 2012, 21:38,
Today it is almost impossible to find a Stated Income loan on the conventional market. This has made it much harder for a large portion of the population to buy a home. This leaves those Buyers with only a few options … all of which should help YOU … if you are a Real Estate Investor.
Aug 29, 2007, 10:58,
There are several ways to shop for your financing, and we recommend that you use a combination of all of them
Aug 8, 2006, 23:34,
An insurance that covers a lender’s risk which is linked with financial loss (normally occurring when the person is unable to pay mortgage loan) is known as the CMHC’s Mortgage Loan Insurance.
May 18, 2006, 16:13,
Property flipping is considered a fraudulent activity by many but the fact is that it is a legal and ethical way of making money.
Mar 3, 2006, 09:08,
I am a new investor (I bought my first rental 18 months ago and no have 5 houses) and I am having a "cash crunch" due to some vacancies and some rehabs I need to do. Is it smart for me to refinance some of my houses with interest-only loans to reduce my payments, then refinance again in a year or so to get the payoffs back on track?
Feb 22, 2006, 11:19,
Two Financing Options - The Assumption and Second Mortgage
Feb 22, 2006, 10:29,
There are almost as many sources for mortgage money as there are types of mortgages. Shop for financing. Closing costs aren't the same at every lending institution, nor are interest rates the same.
Jan 31, 2006, 08:47,
If you want to find out whether you can save money by remortgaging you need to do some homework and make a few phone calls. This article tells you what to do.
Jan 11, 2006, 16:37,
Most people think that a home loan agreement is a standard printed form with a few blanks to be filled for amounts, interest rate, and number of payments. This needn't be true.
Nov 2, 2005, 11:47,
For most people, purchasing a home is the single greatest investment they make in their lifetime. Owning a home provides stability for your family, and in time you will have a significant amount of equity tied up.
Oct 31, 2005, 14:02,
Let's say you now own one house - a single-family home or maybe a duplex - and you've spotted an apartment building you'd like to own. You've sized it up and are sure it would be a sound investment. Now your problem is to find the best way of buying it - the way that will maximize your income and your profit, minimize your cash outlay and your tax liability.
Oct 31, 2005, 02:22,
Have you ever heard of a real estate margin call? Mortgage payments are like margin calls.
Oct 26, 2005, 17:16,
Most reputable banks would never consider bilking their customers out of their life savings but there are many small, private lenders that would only be too happy at the opportunity to do it.
Oct 13, 2005, 13:39,
Taking out a personal loan can prove to be an expensive mistake if you get it wrong. Investigate all the options before you sign on the dotted line.
Oct 13, 2005, 13:34,
At some point in your adult life, you are likely to purchase a house of your own. Whether you are sick of renting, or you have decided to settle down and start a family, purchasing your first home can be an exhilarating and nerve-wracking adventure. In researching the best practices for new home buying, we decided to give you three of the most important tips.
Oct 12, 2005, 15:19,
Are you looking for the best buy to let mortgage products with the best rates payable? It’s important to know what you can borrow first and consider the different options available to you.
Oct 12, 2005, 12:20,
Are you looking for the best buy to let mortgages with the lowest rates payable? Need to calculate repayments on-line? Not sure how much you can borrow? These are all questions that you may well be asking yourself if you are looking for the best buy to let mortgages.
Sep 30, 2005, 07:09,
When deciding on a mortgage loan these days, does the “Option,” in Option Arm provide enough benefits? Are these Benefits tangible?
Sep 30, 2005, 06:12,
It is called an “Option,” because this type of home loan gives you the power each month to choose from four different payment “Options,” thus you are deciding on the payment that best suits your needs in order to better manage your monthly cash flow.
Sep 28, 2005, 16:54,
The personal loans market in the UK is worth over £13.5 billion, but do we understand the nature of these commitments?
Sep 28, 2005, 16:49,
When borrowing money for a mortgage, homebuyers are primarily concerned with simply qualifying. Still, paying attention to the length of the loan is a borrowing tip that can save you a ton of money.
Sep 19, 2005, 09:34,
In today’s world of home finance, nearly everyone who wants to own a home, refinance a home, or even buy an investment property can come up with a finance plan that works for them. Knowing your options, though, doesn’t just apply to the goal of affordability.
Sep 16, 2005, 07:02,
First-time house buyers are still experiencing difficulties despite analysts claims of a buyers market and the announcement of recent property hotspots
Sep 13, 2005, 18:52,
Reverse mortgage are catching on more and more but they have really been around for quite some time.
Sep 8, 2005, 17:27,
The real estate market has been booming in the U.S. for some five years now and a record number of Americans now own their homes. The mortgage industry has recognized the fact that people have all kinds of needs and incomes and has provided an impressive array of different types of loans. In short, there is a loan for most everyone.
Sep 4, 2005, 23:39,
Credit expert Jeanette Fisher tells how to save mortgage interest charges, without paying extra fees.
Sep 3, 2005, 17:42,
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services.
Sep 3, 2005, 17:37,
Balloon mortgage is not always right for everybody. You need to consider your housing plan before consider balloon mortgage.
Sep 2, 2005, 16:39,
The Energy Efficient Mortgage (EEM) is a loan designed to help home buyers save future money on utility cost. A VA guaranteed loan is made by private lenders such as saving and loans, mortgage companies, or banks to eligible veterans who are buying a home that will serve their main residence.
Sep 1, 2005, 17:12,
Qualifying for a mortgage can be a stressful affair. A common problem that can occur is not having enough income to qualify for the loan amount. If you have this problem, here are a few possible solutions.
Sep 1, 2005, 17:07,
The real estate market in the United States is undeniably hot, hot, hot. This toward pace has resulted in an odd mortgage qualification problem – low appraisals. Here are your options if you get a low appraisal amount.
Aug 31, 2005, 17:58,
Tips on preparing for and getting your mortgage, and what to do when you've got it.
Aug 31, 2005, 17:53,
Unlike a traditional home equity loan, a reverse mortgage requires no repayment for as long as you live in your home.
Aug 31, 2005, 17:40,
Reverse Mortgages, a form of home equity lending, have other uses besides funding nursing home expenses.
Aug 31, 2005, 17:06,
High real estate prices may make the previously obscure 40-year mortgage more common, allowing people to purchase homes they otherwise could not afford.
Aug 31, 2005, 17:00,
A brief informative guide to Buy to Let mortgages in the UK. What should you do before you buy? Why should you talk to an accountant? How do you plan your cash requirements?
Aug 30, 2005, 16:40,
Rising home prices have inspired more homeowners to take out interest-only mortgages. This idea may not be for everyone.
Aug 30, 2005, 16:26,
Reverse mortgages are useful tools for those who need extra cash during their retirement years. Be aware that there are costs associated with them and that they may not be right for you.
Aug 29, 2005, 15:39,
For years, when someone wanted to purchase or refinance a home, the choices were simple. The buyer chose either a 15-year fixed-rate mortgage or a 30 year fixed-rate mortgage
Aug 29, 2005, 15:16,
The more things change, the more they stay the same. Mortgage companies are constantly introducing new products, and the fastest growing product at the moment is the classic 30-year, fixed-rate mortgage. Here’s why.
Aug 29, 2005, 14:57,
Refinancing is the process of replacing an existing loan with another lower interest rate loan for the same amount. Refinancing a second mortgage can help borrowers to regain control of their personal debt.
Aug 27, 2005, 12:07,
Imagine you have just completed a search that included hundreds of hours of looking at the exteriors and interiors of houses. You have sized up siding, reviewed roofing and perused the petunias. And finally, you have found the house of your dreams. Now imagine that this house of your dreams costs much more than you can afford.
Aug 27, 2005, 11:55,
The joys and anticipation of owning a new home are sometimes crushed when the application for mortgage financing is turned down by the lender. If your loan request has been denied, you should understand why the loan was denied and what steps you can take to correct the problem or make sure that it does not happen again.The following information will help you understand the most common reasons for loan denials and corrective measures you can take. It also describes some alternatives that exist, especially for low and moderate income home buyers.
Aug 27, 2005, 11:36,
You can usually deduct the interest you pay on a mortgage for your main home or a second home. Here are the answers to common questions about this deduction:
Aug 27, 2005, 11:12,
Should you refinance? This page will answer some questions that may help you decide. If you do refinance, the process will remind you of what you went through in obtaining the original mortgage. That's because, in reality, refinancing a mortgage is simply taking out a new mortgage. You will encounter many of the same procedures and the same types of costs the second time around.
Aug 22, 2005, 10:35,
Research shows that the housing affordability gap is beginning to close, but sellers need to reduce prices within highly competitive market, due to the levels of unsold properties already available.
Aug 21, 2005, 12:10,
Whilst UK consumers as a whole may be trigger happy with their plastic, first-time home buyers show concern for financial protection
Aug 20, 2005, 12:06,
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. The options include interest-only, and a "minimum" payment that may be less than the interest-only payment. The minimum payment option results in a growing loan balance, termed "negative amortization".
Aug 18, 2005, 18:49,
Mortgage financing is a very competitive industry and lenders are currently offering extremely low interest rates and a variety of flexible loan programs.
Aug 18, 2005, 18:36,
With high prices and low interest rates, the lending industry has introduced a number of complicated loan types with adjustable interest rates. One of them, the option ARM, has the potential to financially crush the borrower.
Aug 18, 2005, 18:11,
After warnings from Federal banking regulators, mortgage lenders are offering more high-risk loans than ever. Here’s what prospective borrowers need to know.
Aug 18, 2005, 13:43,
Don’t be indifferent to the small print, as the loan may prove to be a life-long load and may hinder the legacy you leave for your children.
Aug 18, 2005, 13:32,
The “subprime” lending market targets consumers with below average credit, but sometimes even those with good credit can get stuck with less-than-ideal interest rates. Here’s what you need to know.
Aug 18, 2005, 13:17,
Today’s real estate market is a volatile one; prices are at record levels and Interest rates are favorable...
Aug 18, 2005, 13:00,
A new study by National City Corp. looked at home values for 299 American cities and compared them to where they “should be” based on a number of economic factors that determine home prices.
Aug 13, 2005, 15:21,
Complete mortgage term glossary
Aug 11, 2005, 01:17,
"What is your rate today?" prospective borrowers ask when they call up a mortgage lender shopping for rates. Well, there isn't just one rate. There is a choice of rates and the rates are very similar from one lender to the next - perhaps identical.
Aug 9, 2005, 23:53,
Most individuals who buy real estate properties make a down payment (usually between 5% and 20%) and finance the balance through a lender. For example, a buyer who makes a 10% down payment on an $80,000 property is essentially paying $8,000 cash to the seller and is financing the remaining $72,000 (90%) in the form of a mortgage. This is referred to as a 90% loan to value (LTV) mortgage because the mortgage is equal to 90% of the property's value (in this case the sale price).
Aug 2, 2005, 00:36,
When you refinance your mortgage, you usually pay off your original mortgage and sign a new loan. With a new loan, you again pay most of the same costs you paid to get your original mortgage.
Aug 2, 2005, 00:31,
Another way to make a refinance work for you is to refinance for more than the balance remaining on your old mortgage -- in effect, tapping your home equity, or "cashing out," in mortgage speak. Thanks to favorable rates, you may be able to do so without boosting your monthly outlay. For example, at 8.5%, the payment on a $200,000, 30-year fixed rate mortgage is $1,538. But at 7.5%, that same payment lets you borrow nearly $20,000 more.
Aug 2, 2005, 00:26,
A point, which equals 1% of the total loan amount, is an upfront fee that reduces your monthly interest rate and total interest due over the life of a loan. This means that a one point loan will always have a lower interest rate than a no point loan. Paying points is in essence a trade off between paying money now versus paying money later.
Aug 2, 2005, 00:15,
Treasuries extended Friday's losses today on brightening prospects of economic growth leading to more rate hikes by the Federal Reserve.
Aug 1, 2005, 22:43,
The amount of your loan can increase your interest rate if the amount financed exceeds the conforming loan limits established by Fannie Mae and Freddie Mac.
Jul 26, 2005, 14:48,
You may have received notices from the U.S. Department of Housing and Urban Development (HUD) indicating that you may be entitled to a refund on your mortgage insurance premium (MIP). You may have also received solicitations from individuals and organizations that offer to pursue the refund on your behalf for a 30% fee. This fee is supposed to cover the time and expenses required to process the paperwork, communicate with HUD, and file the necessary documents. Let me give it to you straight - 30% is a ridiculously high fee for such a simple transaction, especially when you can do it yourself for FREE by completing and mailing a simple form to HUD.
May 20, 2005, 10:13,
Below are 9 different types of zero down mortgage that you can qualify for. Each one has positive and negative aspects. Read and learn about which zero down mortgage will suit you best.
May 15, 2005, 11:37,
You’ve pre-qualified your prospects. They look good and you’ve made an appointment with your lender for the formal loan application. You’re feeling good about yourself now because, as far as you’re concerned, this house is sold...or is it?
Apr 29, 2005, 13:48,
Dear Dollar Stretcher,
We have a new home under construction. After paying off debts, we don't have enough for the 20% down payment to avoid PMI. I am trying to compare a low fixed rate 30-year mortgage to an 80/15/5 mortgage where the PMI is waived.
Is an 80/15/5 mortgage a good deal for the borrower or just for the lender? Most of the information I found was from brokers. It is hard to be too confident about their information since they are selling the product.
Rob in Texas
Apr 28, 2005, 14:17,
The term mortgage broker has really come under fire in recent years, and with good reason. We have all known brokers whose dealings have been less than ethical at best and somewhat illegal at worst. For this reason, I have compiled a list of things to look for in an ethical, reliable, dependable mortgage broker. I would like to get my job title out of the list of “dirty words.