Mortgage Articles

Pregnancy and Family Planning » Credit » Mortgage | By Ki Gray @ Tuesday, 25th November 2008 @ 3:41 PM

The financial markets hit some choppy waters this week. With successive drops of 427 and 445 points the Dow ended down substantially for the week. For some positive news this marks the third week in a row where mortgage rates went down. The wild swings we saw earlier in mortgage rates have for the time being ended. The last 3 weeks saw less movement in all four of the major mortgage products. 30 Year mortgage rates are down to 6.04 dropping from 6.14 last week. All the other... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Thursday, 20th November 2008 @ 12:33 AM

When you buy a new home you will most likely finance that loan. This home loan is known as a mortgage and there are many varieties that can be used based on the needs of the buyer. Mortgages are considered secured loans because they have collateral backing them, namely the home that the loan is being used to purchase. In addition, you may be asked to put some money down on the home, called a down payment. These down payments are usually 10-20% of the home value, but in some cases home loans can ... more...

Pregnancy and Family Planning » Credit » Mortgage | By Charles Bretz @ Wednesday, 19th November 2008 @ 6:24 AM

Obtaining a bankruptcy mortgage can really worry many debtors. However now-a-days it is not a thing to be worried about. There are many lenders who will offer you this loan. Bankruptcy may sound so as if it is the end of the world but for some people it is a blessing in disguised. They can come clean and start again from the scratch. Before, getting a mortgage approved after bankruptcy was like climbing a huge mountain, but now as the percentage of people filing for bankruptcy has increa... more...

Pregnancy and Family Planning » Credit » Mortgage | By Abbi Rouse @ Sunday, 2nd November 2008 @ 11:11 AM

The residential property market has been buoyed by the return of first-home buyers, new figures have shown. According to the National Association of Estate Agents (NAEA), new entrants to the market helped to push up total house purchase sales for the first time since January. Figures from the group indicated that while estate agents typically handled five home sales during August, this rose to seven in September. This increase was in part attributed to the abolition of stamp duty tax on p... more...

Pregnancy and Family Planning » Credit » Mortgage | By Matthew Wierzbinski @ Monday, 27th October 2008 @ 6:55 AM

If you have ever shopped credit repair, you know it is not cheap. Credit repair companies and credit repair attorneys are expensive. The process is going to cost you at least $250 on the low side to work with either one. There are a lot of loan officers that will refer you to a credit repair company because the loan officer receives a "referral fee" for sending you to that company. I know this for a fact because I receive a lot of emails every day from different credit repair com... more...

Pregnancy and Family Planning » Credit » Mortgage | By Matthew Wierzbinski @ Monday, 27th October 2008 @ 6:48 AM

Today's lending market is even stricter about credit scores. If you are below a 740 credit score, you can have adjustments to your interest rate depending on the type of loan you are applying for. If you are seeking an FHA loan and you are below a 620, your interest rate will be adjusted higher or you will be charged more fees. Lenders are protecting themselves and they write the rules. If you are below a 580 credit score and are approved for an FHA loan your rate or fees will be adjusted e... more...

Pregnancy and Family Planning » Credit » Mortgage | By Matthew Wierzbinski @ Monday, 27th October 2008 @ 6:46 AM

Lenders see people that need help with the credit profiles all the time. I know this from firsthand experience. It did not take long until I decided to do something positive for my customer. It was disappointing to give people the general instruction and then never to hear from them again. I began to wonder why? It was too clear. People don't have time to figure out the ins and outs of credit repair. On top of that, it also became obvious that even though I was trying to make everyt... more...

Pregnancy and Family Planning » Credit » Mortgage | By Matthew Wierzbinski @ Monday, 27th October 2008 @ 6:27 AM

A couple years ago when I started getting interested in credit repair I helped a couple who had credit scores in the low 500s. They had a previous bankruptcy and there were a bunch of accounts that they had included in the bankruptcy which were still reporting as if they had balances on them. The couple had no idea what to do. They were just hoping that one day all this stuff would just go away. Eventually, it would. But, they didn't want to have to wait 7 to 10 years to buy a house... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Friday, 17th October 2008 @ 11:49 PM

Sometimes it's necessary and sometimes it's just on a whim, but all of us have felt the need to improve our homes at one time or another. In this day and age it's simply not enough to just have a roof over your head, everyone wants to live in style and comfort and many times this means improving what we already have. By tapping a home improvement loan we can add luxury to our lives in the form of a swimming pool, designer kitchen, spa or hot tub. Of course if you've had past ... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Friday, 17th October 2008 @ 7:10 AM

When refinancing an interest only loan the process is the same as in any other refinancing. It is simply the swapping of one loan for another. When interest rates are low it's a very good time to refinance since you can save yourself considerable amounts of money over the life of the loan. Also, by changing your high interest loan to a lower interest loan you'll be able to save on your monthly payments, freeing up cash for other uses in your monthly budget. You can then use this extra ... more...

Pregnancy and Family Planning » Credit » Mortgage | By Samuel Zipursky @ Wednesday, 15th October 2008 @ 11:15 PM

Well we can all admit that the US and world economy at the moment is not very strong. It feels like it's collapsing and many people from all walks of life have lost their jobs, and have either already lost or are close to loosing their homes. Due to the economic situation over the last few years lots of hard working individuals and families to put it simply have now acquired some very poor credit and therefore have lots of financial problems. That being said it doesn't m... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Tuesday, 14th October 2008 @ 12:02 PM

Many people out there are wondering how can I get the lowest refinancing rates on my mortgage. If you thought you were alone in this question then don't worry. It's a common concern for many borrowers that want to refinance their mortgage at the lowest rate possible. You can begin by understanding that there are lots of options when refinancing and this means many possibilities when it comes to refinancing rates and the types of mortgages you have available. The best thing you c... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Tuesday, 14th October 2008 @ 12:00 PM

It's not uncommon to see mortgage rates misspelled as mortage rates, I've made the mistake myself many times. Anyway we both know what is meant and right now I want to talk about the possibility of rising mortgage rates. Current mortgage rates are lower than historical averages even though those with short memories and those that are young wouldn't know this because rates have been so low for so long. Currently there are a lot of experts predicting that rates will finally b... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Tuesday, 14th October 2008 @ 5:58 AM

As most people know, the best time to refinance any mortgage is when interest rates are at their lowest. If you already have a good credit score then you'll have no problem refinancing to save yourself some money, but what about those looking for a bad credit home loan refinance? Will you still be able to refinance your mortgage even if you have bad credit? Thankfully you can still refinance to take advantage of low interest rates, even if you have bad credit, though you may have to spend m... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Wednesday, 8th October 2008 @ 11:48 AM

If you're thinking about getting a bad credit 2nd mortgage then it's probably a good idea for you to weigh the positives and negatives of doing so. While it's true that in the right situation a 2nd mortgage can be a very good move, for some people this is not true and getting a 2nd mortgage could be detrimental. Know that by taking out a 2nd mortgage you'll be adding to your financial obligations and while this could help you it could also be harmful if you're not prepar... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Tuesday, 7th October 2008 @ 6:21 AM

Even with the economy being what it is these days most people are finding it easy to get a home loan with bad credit, whether it is a 1st mortgage or a refinancing. You can get a bad credit home loan from a variety of mortgage lenders including banks, credit unions, mortgage companies and you can even get them online. Whether you're a first time lender or a homeowner with bad credit looking to refinance or get an equity loan you should take the time to shop around to different home l... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Tuesday, 7th October 2008 @ 6:19 AM

I know it can be easy to get discouraged when searching for home loans for bad credit. It can seem impossible to get the loan you need when you have a poor credit record, no matter what you do. Those of you that have experienced this know what I'm talking about and I want you to know that there is good news. It's not impossible to get a home loan with bad credit and there are lenders that specialize in bad credit mortgages. So, not only those with the perfect credit records get ... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Friday, 3rd October 2008 @ 12:28 PM

If you have bad credit then there's a good chance that getting a mortgage has been a challenge for you. Bad credit will hurt you with any loan, even small loans, but can be crippling when trying to get a large home loan. It's normal to face rejection and frustration at every turn, or at least it used to be that way. These days, bad credit does not mean you can't get approved for a mortgage. You can get a mortgage even if you have bad credit and it's not that difficult ... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Friday, 3rd October 2008 @ 12:28 PM

One thing that people don't realize is that getting bad credit home loans can sometimes lower your monthly payments and provide relief from other high interest debts like credit cards. They also don't think about the other benefits that come with bad credit home loans such as the boost that the new loan will give to your credit score. Just by itself the credit repair is justification for taking a poor credit loan. And, you can consolidate all of your other higher interest debts into on... more...

Pregnancy and Family Planning » Credit » Mortgage | By Steven Walters @ Monday, 29th September 2008 @ 1:52 PM

Do you know what a 125 home equity loan is? I'm sure you know all about traditional home equity loans where you can borrow money using the equity in your home as collateral for the loan. These home equity loans provide many people with cash for a wide range of uses. Of course there are other types of equity loans besides the traditional home equity loan, and the 125 home equity loan is one of these options. A 125 home equity loan lets you get even more cash than usual based on the equity in... more...