Seeking out loans to refinance a home is comparable to getting a mortgage loan all over again. Forget the fact that you already have a home which you might use to stand in as collateral.
Imagine, you can lower your monthly mortgage payment to within 31% of your gross income? To a great many homeowners this represents as much as a $1,000 or even $2,000 per month. Interest rates are being reduced to as low as 3.5% in some cases for a 5 year period. Sound too good to be true? It is time to Hold Your Nose!
Obama’s new loan modification program has simplified Washington Mutual loan modification process also. People who have tried in the past years must be aware of the difficulty in achieving a loan modification.

The Real Estate Subprime Mortgage Loan Crisis – Foreclosure Homes and Other Opportunities

The Real Estate Subprime Mortgage Loan Crisis - Foreclosure Homes and Other OpportunitiesYou must have heard of it. It’s all over the media. The subprime mortgage loan crisis has already pulled at least one bank into bankruptcy, and threatens to do so to others. The thing is, this crisis also holds many opportunities, even for the common man who is not a real estate shark. That means you can do that too – people have already made huge profits out of the opportunities Read More

Buy to Let Mortgages: A Quick Guide

Buy to Let Mortgages: A Quick GuideIf you want to buy a property with a view to rent it out, then it is very likely that you will need to apply for a buy to let mortgage. You have to be ready to put down an important deposit. Buy to let mortgage lenders usually require a 15% deposit. Some lenders require up to a 25% deposit.

Things are a lot easier for landlords these days. It used to be that in order to buy a property Read More

Do I Qualify for a Mortgage?

Do I Qualify for a Mortgage?Answering the question, “Do I qualify for a mortgage?” completely depends on your personal situation. However, you can use some simple steps to determine the answer. Lenders use a number of items to determine your eligibility. But, some are critical and you can use them to see if you are close to qualifying. First, you need to look at your credit history. Get a copy Read More

How to Choose the Best Deal With Home Loan Mortgage Refinance

How to Choose the Best Deal With Home Loan Mortgage RefinanceHome Loan Mortgage Refinance refers to replacing the existing mortgage with the new one when required. Many circumstances lead people to do so. Refinancing your mortgage gets you a number of benefits but to get these benefits, it requires you to choose the best deal. If you choose wrong lender and fail to get the appropriate deal, you may have to incur loses in spite of enjoying Read More

Remortgaging Your Home Can Save You Money

Remortgaging Your Home Can Save You MoneyIf you have been thinking about remortgaging your home, whether for a better mortgage rate or for something else, it is worth knowing just how remortgages can save you money. Remortgages work in two major ways, firstly, it can be a way of getting a secured loan for home improvement, for paying other debts, or whatever else you want, if you already own your home. Remortgaging may also mean staying in your Read More

Loan Modification Bailout Program – What You Need To Know to Save Your Home

Loan Modification Bailout Program - What You Need To Know to Save Your HomeLoan modification programs have become one of the most highly sought after and helpful method a struggling homeowner can use. If you are struggling to get your finances under control and to be able to keep making monthly payments to the bank then a loan modification bailout program can help you keep your home without having to worry about the threat of foreclosure.

It’s Read More

Look Out For Creative Financing Options For Your Next Home

Look Out For Creative Financing Options For Your Next HomeA common hardship experienced by a large number of home buyers is not being backed up by a huge lump sum of money in order to purchase the home of their dreams. Buyers are required to show an attractive sum of money or at least give an enticing earnest money deposit. But not all buyers have such capacity. Thus they seek acquiring loans from traditional banks. And the difficulty is a notch higher as most Read More

Guide to Mortgage Trips

Guide to Mortgage TripsThe Real Estate you own Is Your Best Investment. One of the facts often forgotten is making extra principal payments on you mortgage. You probably have heard the concept of making extra principal payments to reduce interest and payoff your mortgage much earlier. The concept may be simple, but people overlook this all the time. A typical promissory note amounts to incredible interest over thirty years. Read More

Ensure Stability With a Fixed-Rate Mortgage

Ensure Stability With a Fixed-Rate MortgageWe’ve all been hit by the recession. We’ve seen home prices fall. And depending on where you live, it’s not getting any easier to find a job. The slowing economy doesn’t have people feeling too confident about their own financial situations.

So what’s the good news?

Interest rates are at record-lows. Really, rates haven’t been this low since Eisenhower took office in the 50’s! This has resulted Read More

How Can I Deal With a Bad Credit Home Refinance?

How Can I Deal With a Bad Credit Home Refinance?The credit score that goes along with you is there for life in our current economic system, for better or worse. This means that if you make mistakes earlier on in life, such as buying things you cannot afford and missing payments, having too many credit cards and several other ways to get bad credit, it will affect you forever. Granted through making better decisions later on in life, Read More