The real estate market has been hot for many years. The real estate market stayed hot even though the economy has been on a virtual roller coaster. This has resulted in a large number of mortgage lenders entering the market with varying mortgage programs for people with different economic backgrounds and credit histories. Home loans are now available for people…
Tag: Mortgage
Mortgage Length Calculating Which Is Best
For many people, purchasing a home is one of the largest and most important investments they will make after their education. It is important to make sure you choose the right mortgage, one you will be able to pay off within a reasonable amount of time. You also want to make sure you choose a mortgage which has the right…
Self Certificate Mortgages Prove Yourself
Bank managers are probably the most risk-averse individuals you are likely to meet – without proof of a regular salary and sound financial track record you may presume a frosty reception when you ask about borrowing. However, there are options available for people who don’t conform to the norm. If you are self-employed or have an erratic income, you can…
Finding Holiday Buy To Let Mortgages
When it comes to holiday buy to let mortgages you should have done your homework well before you get to this stage. You should have looked into all the possibilities including the good and bad of owning a holiday home for letting. You should have taken into consideration the property prices and how much rent you would be likely to…
Mortgage Leads Overcoming Objections
If you are a loan officer or mortgage broker, and you are obtaining leads from a mortgage lead provider, it is important that you get the best return on your investment that you possibly can. For starters, understand that a lead provider does just that, they provide you with leads. It is entirely up to you to make the sale.…
What The Bank Won T Tell You About Your Home Mortgage Quote
Shopping for a house is probably the most significant financial decision that you will make in your life. When you shop for your home by first attaining a home mortgage quote, your decision becomes even more momentous What’s your Reaction? Love Love 0 Smile Smile 0 Haha Haha 0 Sad Sad 0 Star Star 0 Weary Weary 0 0 Shares…
An Introduction To Commercial Mortgage Brokers
To secure a commercial mortgage efficiently, you would do well to go through a mortgage broker who is a specialist in the area. There is a lot of paperwork to be completed when applying for a loan. Even if you prepare your application carefully and provide all required documents, you may not get the loan. This is a grave possibility,…
Second Mortgages Can Cap Housing Costs
In these times of rising interest rates, second mortgages or first mortgage refinancing might be just the thing to keep your housing costs from going through the roof. In a recent article in Parade magazine, How To Save on Your Mortgage, Lynn Brenner considered the question, “Will Your Mortgage Rate Go Up?” “If you have a fixed-rate mortgage, you have…
How Lender S Set Mortgage Rates
Ever wonder how lender’s come up with the rates they do? You can stop wondering, cause I’m going to tell you how. We all answer to a higher mortgage rate power, namely the secondary market. The secondary market is where Fannie Mae, Freddie Mac, and other mortgage lenders ply their trade. These government founded agencies purchase the loans that lenders…
How To Obtain A Second Mortgage Loan
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender’s lien, hence the term second mortgage. A second mortgage is also sometimes referred to…