The market of new houses is now experiencing a great increase in sales and profit. Old houses are now being traded for newer ones. A great way to finance your new home purchase is to mortgage. If there are instances that you are not eligible because of some credit concerns, you should not worry. You can still plan for it…
Category: Mortgage
Real Time Mortgage Leads
If you are a loan officer or mortgage broker, and you are on the market for mortgage leads, you may want to consider buying them in “real time.” Real time leads or fresh leads are for loan officers looking for quality in a lead, as opposed to buying quantity, otherwise known as buying in bulk. If you are buying your…
Buying Internet Mortgage Leads
If you are a loan officer or mortgage broker looking to begin the purchase of internet mortgage leads, here are three things you will want to consider. Number one, pricing. You want to make sure you get what you pay for. Pricing also determines the quality of the lead you are getting. If you are paying two bucks per lead,…
How To Save Thousands Of Dollars On Your Mortgage
The dream of owning a home is becoming very allusive these days. Although everyone would like to have a home that is paid for free and clear, many people are forced to assume mortgages that will be paid over 25 or 30 years into the future. Everyone is constrained to a certain degree by their budget. Yet there is a…
Pay It Down Quick Using Refinancing To Shorten The Length Of Your Mortgage
Chances are years ago, when you took out your mortgage, you took it out for 30 years or more. You were just starting out in life, money was tight and your salary was still on the lower side of the pay scale. As the years have gone by, and you’ve moved up in your career and in life, you may…
1st And 2nd Mortgage Refinance Loan
Refinancing a first and second mortgage requires some extra considerations. Depending on your equity, you may find that combining the two mortgages results in a higher interest rate. You may also find that you have to carry PMI with the refinanced mortgage. Will Refinancing Benefit You? Refinancing two mortgages allows you to consolidate your loans into one payment, often lowering…
Locating A Down Payment
Locating a Down Payment If you are a saver, and many of you are, than the need to locate a down payment will not be an issue for you. But there are also many of us out there that have not had the luxury to save as much as we would have liked for various reasons. With this challenge at…
No Bubble Burst In 2006
No bubble-bursting is in sight for real estate sales in this new year of 2006. This is now expected to be the second best year in history for residential property sales, according to analysts at the National Association of Realtors. “Home sales are coming down from the mountain peak, but they will level-out at a high plateau – a plateau…
Adjustable Rate Mortgages This Home Mortgage Loan May Not Be For The Weak At Heart
I heard the news about another interest rate hike and thought it was about time to look into refinancing my mortgage. I contacted my mortgage company first. “I am interested in a fixed mortgage rate.” I said. “May I ask why that is?” The broker asked politely. “I don’t want to deal with the risk of rising interest rates. At…
Mortgage Interest Rates 101
Many things affect mortgage rates – which is why they fluctuate. So it pays to understand a little about how mortgage interest rates are generated. The more you know about the economic factors that change rates, the more prepared you are to find the perfect home loan at an interest rate that’s perfect for you as well. Market Conditions When…