Mortgage & Refinancing Information

Mortgage & Refinancing Information

Applying for a Home Loan


Applying for a home loan may not be the most exciting way to spend your time, but if you are like many potential homeowners, it is probably a necessary evil. If you have some knowledge of the process ahead of time, however, it will go much more smoothly.

5 Tips for Savvy Use of Your Home Equity Line of Credit


Tapping your home's equity to pay college expenses, consolidate credit card debt or even to buy a new car or boat is common place. Many economists attribute the additional buying power afforded consumers through home equity debt as a primary reason the nation's economy has been able to emerge from the recent recession.

Decision Time: Home Equity Loan or Home Equity Line of Credit?


Home equity loans and home equity lines of credit continue to grow in popularity. According to the Consumer Bankers Association, during 2003 combined home equity line and loan portfolios grew 29%, following a torrid 31% growth rate in 2002.

10 Things to Look for in a Home-Equity Line of Credit


If you are a homeowner, you've probably received offers to apply for a home equity line of credit (HELOC). Handled with care, home equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash reserves for emergencies, or pay for large expenses (like college tuition or home improvements) that have irregular payment schedules.

Using a Home Mortgage Calculator


There are a variety of tools online that you can use to determine how much you can afford to pay for a home, how much the monthly payment will be based on the sale price of a home, and calculators to tell you whether it is better to rent or buy based on your personal situation. Using a home mortgage calculator online doesn't cost any money, and can be an extremely useful tool in your preparation and research for buying a home.

Obtaining a Home Equity Loan Online


Private lenders, banks, and mortgage companies are all setting up shop on the internet, and all make it possible to obtain a home equity loan online. Competition between lenders is stiff, so be sure to check a few companies that offer applications about their rates, products, and customer service.

Preventing Foreclosure Proceedings and Understanding Your Options


Every year over 8 million homeowners are seeking help preventing foreclosure proceedings. This is a stunning 30 year high.

How To Save Money On Your Mortgage


Obtaining a home loan is arguably the most expensive transaction you'll experience in your lifetime. Therefore, getting the best home at the greatest value is an endeavor worth pursuing.

Be Prepared With Your Home Equity Loan Checklist


A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral.

Mortgage Free In 15 Years!


Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.

Little Known Secret: Eliminate your Mortgage in 23 years or less!


Wanna know a little secret? There is an ingenious method you can use, to pay off your 30 year fixed rate loan, in 23 years or less. It's straightforward, simple, and easy to understand.

Is an ARM Right For You?


Let's start by taking a look at 7 key elements of an adjustable rate mortgage:1) ARM defined: While a fixed rate loan is constant and never changes throughout the life of the loan, an adjustable rate mortgage changes periodically. The interest rate of an ARM goes up and down based on whatever external index it is tied to.

Top 10 Things to Consider on Home Loans


Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance, courtesy of Loans-Directory.Org:Down-PaymentFixed Versus Adjustable RateAPRLoan TypesLoan Amount Qualification, IncomeLoan Amount Qualification, ExpensesEmployment and Credit HistoryPointsSub-Prime LoansShort-Forms1.

Online Mortgages in 5 Easy Steps!


We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance.

Mortgage: For Those Twilight Years


Tracing back, the concept of reverse mortgages began when one good soul, Nelson Haynes of Deering Savings and Loans wanted to help out the widow of his high school football coach. Today that small act has developed into a popular financing option for the senior citizens.

More Articles from Mortgage & Refinancing Information:
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MORE RESOURCES:

Prepare now for the next mortgage-refinance wave
Los Angeles Times, CA - Apr 27, 2008
Lenders will be pickier than before, so organize your credit records, document earnings, list debts and establish your home's value. ...


Hughs rally behind family member with ALS
The Courier News, IL - 18 minutes ago
Platinum Home Mortgage Corporation will donate $250 to the Hugh family for every closed home purchase or mortgage refinance. Call Anna Dallain at (800) ...


US Senators reach deal on housing rescue-sources
Reuters - May 15, 2008
... a housing fund sponsored by the two government-sponsored enterprises and the deal will send those funds to the new mortgage refinance project. ...


US housing crisis solutions proposed in Congress
Emailwire - May 13, 2008
Last month the Federal Housing Administration (FHA) announced that the FHASecure program, a mortgage refinance program, would be expanded to all subprime ...


Housing aid deal faces Bush veto
Columbia Daily Tribune, MO - May 9, 2008
WASHINGTON (AP) - They’re trapped in loans they can’t afford and saddled with more debt than their homes are worth. Hundreds of thousands of homeowners ...


Federal Home Loan Bank of Seattle Announces Availability of ...
Business Wire (press release), CA - May 12, 2008
... today announced the availability of $7.9 million in affordable housing subsidy and up to $100 million in reduced-rate loans for mortgage refinance. ...


More and more, advertisers view it as a sell phone
Seattle Times, United States - Apr 21, 2008
"There are strong existing incentives to police the environment, so we're not all getting mortgage-refinance offers or otherwise feeling taken advantage of, ...


WNC not insulated from foreclosures
Asheville Citizen-Times, NC - May 3, 2008
Wolff said he sometimes is unable to help a borrower with a high-rate mortgage refinance into a cheaper loan because the new loan carries a higher rate than ...


Nurse charged as suspect in defrauding a patient
Press-Enterprise, CA - Apr 24, 2008
Steele, who also has been charged with felony conspiracy, applied for a $165000 cash-out mortgage refinance loan using the alleged victim's San Bernardino ...


The Subprime Crisis and Government Failure
Lew Rockwell, CA - Apr 20, 2008
... the Fed's increasingly cheap money keeps pouring into just two sectors – the housing and home mortgage refinance markets – and it is creating what is ...

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