If you are looking to purchase or refinance a home, but cannot get finance due to bad credit, don’t panic! There are many lenders that will help you in obtaining finance for your dream home. There are many websites and companies that can help you by doing almost everything for you. Most of these companies will do all the legwork…
Category: Mortgage
9 Tips On Applying For A Second Mortgage
People usually apply for a second mortgage or home equity loan when they need money for debt consolidation, to pay large expenses or for home remodeling and home improvement. Second mortgages are generally categorized as fixed interest rate home equity installment loans (HELOANS) and adjustable mortgage rate home equity lines of credit (HELOCs). Which you choose depends on your needs,…
Where Mortgage Leads Come From
If you are a loan officer or mortgage broker, and you are considering purchasing mortgage leads, one thing that will be important to know, is where these lead companies obtain their leads from. Many times, mortgage lead companies will sell their leads multiple times. They have a data base of thousands of leads that they sell repeatedly over and over.…
How To Find Wholesale Mortgage Lenders
Some mortgage bankers and portfolio lenders are also wholesale lenders that deal with mortgage brokers, sometimes exclusively. Most mortgage lenders have both wholesale and retail departments. Mortgage brokers prefer to obtain wholesale rates and then mark up these rates by adding points, presenting the borrowers with quotes that are similar to what borrowers could obtain directly from a retail lender.…
Need A Mortgage Better Get One Because They Are Going Fast The Affordable Ones
Mortgages, probably the cheapest money in town. A mortgage is a type of loan that uses the property in which it is buying as security or collateral against the loan. Basically, a mortgage is the easiest and cheapest type of loan to get because whoever is lending you the money is really the one who is buying the house. It…
How To Use A Current Account Mortgage
If you are searching for a mortgage then you probably know about the common types of mortgage like fixed rate and variable rate. What you might be more unfamiliar with is a newer type of mortgage known as a current account mortgage. If you are in the market for a mortgage or are looking to change your existing one, then…
What Is Mortgage Fraud For Profit
The Story: In 2007, Sally was having trouble keeping up with her mortgage payments, and by September, she received a foreclosure notice in the mail. A few days later, she was called by a man who said he could help. He said she could have a check for $40,000 to help pay her bills, and she wouldn’t have to worry…
Beware Of Mortgage Redemption Fees
Recent research by the Moneyfacts mortgage team has highlighted an alarming increase in the number of mortgage providers who have increased their redemption fees. In the twelve months to 31 March 2005, 53 providers have upped their redemption penalty, 23 of which have increased by over 100%. Some examples of the higher fees are Alliance & Leicester increasing their fee…
Low Credit Score Mortgage Refinance 3 Reasons To Refinance Existing Mortgage
Before choosing to refinance a mortgage, each homeowner should take into account the pros and cons. As a result of declining interest rates, many people reason that now’s the time to refinance. For many, this is a smart move. However, refinancing may not be wisest choice for others. Homeowners should refinance with a goal in mind. Here are the top…
Consider The Process Of Overseas Mortgage Before Buying It
If you want to know the overseas mortgage buying process then an impartial mortgage broker will be able to help you. Sometimes lenders take advantage of the fact that their credit history is easily available to the lender via credit search companies, they can then quickly get an idea of how much they can borrow and at what rate of…