Mortgage Market Armageddon
August 11, 2007 on 4:06 pm | In Mortgages | No CommentsLenders are closing their doors left and right. Over 100 national wholesale lenders have gone out of business since the first of the year. Foreclosures are the topic de jour. What’s happening out there? Jim Cramer from CNBC’s Mad Money recently had a rather emotional assessment on national TV just days ago. You can search […]
Refinances Vs Mortgages
August 10, 2007 on 11:10 am | In Refinancing, Mortgages | No CommentsThere are a number of different home loans available in the world today and indeed even the term home loan itself to some degree is a larger term that doesn’t really cover everything involved. Home loan is a category of loan that a person can choose from and within that category there are a number […]
Home Loans Vs Mortgages
July 24, 2007 on 12:30 pm | In Mortgages, Home Loans | No CommentsAs far as different types of financial transactions go, there are a number of different loans that revolve around either the house or another piece of property. It is important to realize that while these types of financial transactions are usually classified as “home loans” that at the same time home could really just be […]
Factors in Getting a Refinance
July 20, 2007 on 3:43 pm | In Mortgages | Comments OffRefinances are simply the contracts that people sign when they want to be granted a loan that will cover everything that they have left on their current mortgage loan. The idea is that the terms of the new loan that was taken out to cover the old loan will form the terms of the rest […]
Additional Mortgages
July 18, 2007 on 5:19 pm | In Refinancing, Mortgages | Comments OffOne of the interesting things about home loans these days is that not only are there so many different kinds of home loans that a person could theoretically choose from, but at the same time there are so many different ways for a person to get multiple versions of the same home loan. In today’s […]
Mortgage Characteristics
July 17, 2007 on 6:55 pm | In Mortgages | Comments OffMortgages are still the most popular home loan on the market today and considering that all of the other home loans are virtually impossible without first obtaining a mortgage in order to gain ownership of a home, this is perhaps not as surprising as some might think. Mortgages are the method by which people go […]
Reasons to Refinance a Mortgage
July 16, 2007 on 12:19 pm | In Refinancing, Mortgages | No CommentsRefinancing a mortgage can be difficult work. Not only do you have to find a lender willing to buy out your old mortgage, but you also have to convince the bank that holds your current mortgage that it is in their best interest to let you refinance your mortgage. It is not easy to do, […]
Mortgages for the Self-employed
April 24, 2007 on 4:58 pm | In Mortgages | Comments Off When you are applying for a mortgage, usually the lender will focus on your financial history over the past 2 years. If you are self-employed, that changes the usual process a little. For one thing, you probably won’t be able to provide W-2s or paycheck stubs.
The lender will be concerned with your financial stability, and […]
What you need to know about Mortgage Refinancing
April 23, 2007 on 6:16 pm | In Refinancing, Mortgages | Comments OffThere are many reasons for the refinancing of properties. One of the reasons is to reduce the interest costs with a lower mortgage interest rate. Other reasons include reducing the risk from an adjustable-rate mortgage by switching to a fixed-rate loan, liquidating equity into cash, or increasing the loan term and reducing monthly payments. The […]
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