If you are on the market for a mortgage and you believe that you are out of luck because you are lacking a down payment. Don’t worry. There just may be a program out there for you. The mortgage industry is a very diverse one. The days of going down the street to your local bank to get a mortgage…
Category: Mortgage
Ways To Get A Low Cost Mortgage Loan
Everyone needs a mortgage loan, but for some, they can get a lower costing financing if they know how to look for and secure it. The options are really many in this type of lending yet few people actually take the time to find the right choice for their needs. By cutting back the interest rate of a loan, an…
Understanding Mortgage Backed Securities
The housing boom of the last seven years has been one of the biggest ever. Mortgage-backed securities are one reason for the torrid pace of real estate growth. Understanding Mortgage-Backed Securities A mortgage-backed security is essentially a bond. Investors purchase interests in the mortgage security and your monthly mortgage payment is the revenue earned from the security. Unlike a bond,…
Home Loan Mortgage Loan Refinance Refinancing For A Shorter Term To Save Money
Saving money with lower rates isn’t the only reason to refinance. Opting for a shorter loan can also save thousands in interest and free up income in the future. A short term loan can also help you pay down your principal quicker. Better Rates A 15 year mortgage has a better rate than a 30 year mortgage offered the same…
Mortgage Cycling Secrets Revealed
Have you heard about mortgage cycling? Maybe you’ve seen the ads for books on this “secret technique” for paying off your mortgage sooner. Is there some useful information in them? Yes, especially if you are not familiar with the basic premise that you can pay extra principle every year and you’ll pay off the loan sooner and save thousands on…
The Ins And Outs Of Bad Credit Home Loans
Owning a home is part of the American dream. It’s also the biggest purchase that most of us will ever make, and because of that, almost everyone will be borrowing money to do it. Unfortunately, for many people that means a bad credit home loan, and that might be hard to get. It’s simple. Imagine going to a bank and…
Reverse Mortgages Get The Money You Need Part 1 Of 4
Reverse Mortgages are loans that allow you to borrow back the equity in your home. Just as you once paid the bank, the bank now pays you. Isn’t that a nice change? If you are 62 years of age or older, they are a way to borrow against the equity in your home (the value of your home minus any…
Mortgage Lead Companies The Right One For You
If you are a loan officer or mortgage broker on the market for mortgage leads, you will have a few different varieties to choose from. For starters, your budget is the most important thing to consider. If you are on a limited budget, you will need to take a look at the lead companies that allow for low minimum deposits…
Large Increase In Mortgage Repossessions
Recent statistics from the Department for Constitutional Affairs state that court actions by mortgage lenders rose to 28,476 in the second quarter of this year – for those that don’t follow such trends that’s up over 50% on one year ago. Also, at 18,330, the number of repossession orders was the highest for 9 years. Although yet to reach the…
Tracker Mortgages Still An Attractive Choice
First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year. Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of…