So you are thinking of buying your first home? Congratulations! You are taking a big step that will help you realize the dream of many as well as build personal wealth. As a first time home buyer you should know that there are several programs available out there to help you get you into the house you deserve at mortgage…
Category: Mortgage
What Do The Terms Apr Aer And Ear Mean
Mortgage lenders have a derogatory name for people who switch mortgage lenders to follow lower rates – they call them “Rate Tarts”. The author has a much more apt description – Shrewd Shoppers! After all, who spends more for exactly the same product, in this case money, when you can get it cheaper elsewhere? After all a What’s your Reaction?…
Fixed Rate Mortgages The Ups And Downs
As the title of this article would suggest, I am going to take you on a journey through the ups and downs on fixed rate mortgages. When buying a house, especially the first one, I think that it is literally the most terrifying experience that I have been through, and I have combat experience as a military veteran. For those…
What Are Subprime Mortgage Loans
Subprime lending refers to the extension of credit to higher-risk borrowers, a practice also commonly referred to as “B/C” or “nonconforming” credit. Loans to subprime borrowers serve communities that may have been underserved by other lenders in the past. In recent years, subprime mortgage lending has grown dramatically, with over 90% of all subprime mortgage loans made in or after…
Home Mortgage Reasons To Refinance Your House
Refinancing can have other financial benefits besides lowering rates. Locking in rates can protect you from higher rates, saving you money on future interest costs. You can also change your ARM for better caps to prevent huge monthly increases. Consolidating your bills with your equity saves on credit card rates while providing a tax advantage. Protection From Future Rate Hikes…
Adverse Credit Mortgages Real Estate Borrowing With Discordant Credit
How far can you go to get the right thing? You would not mind making an extra effort in order to get it. Same is true with mortgages. And especially with mortgage for adverse credit. It takes time and patience to get the right one. Adverse credit mortgages are meant for those mortgage people who are struggling with the aftermaths…
The Mortgage Forgiveness Debt Relief Act Of 2007 What You Need To Know
“When the country runs out of money”, legendary comedian W.C. Fields once told a reporter, “then we’ll just have to print some more”. If things were really that simple, tax season would become a greater celebration than Christmas, Halloween and The Super Bowl all wrapped into one. The current financial state of the US, however, looks pretty grim for all…
Buy To Let Administration And Regulation
Recent press coverage and industry research indicates that there has never been a better time to enter the buy-to-let market, but following recent developments, leading finance guide Business Moneyfacts suggests it is not necessarily the case for everyone. Today sees the introduction of radical legislation designed to raise standards in the rented property sector. Some houses of multiple occupation (HMOs)…
Best Home Mortgage Loan What To Look For In A Mortgage
With a credit score of 680 or higher, you have a plethora of home loan options. Basically, you can choose your terms, but you want to make sure you find the best financing package. That means looking at financing costs, terms, and lenders. Financing Costs The most competitive mortgage market is conventional loans, including both fixed-rate and ARM. That means…
Indiana Mortgage What To Expect When Buying A Home In Indiana
Maybe you’re buying your first home in Indiana, or perhaps you’re relocating to Indiana from another state. Either way, it’s important that you educate yourself on Indiana home loans before shopping for a home and mortgage. This article explains what you’ll need to know before buying a home in Indiana: The state of Indiana has a diverse population, ranging from…