7 Feb

Secured Debt Consolidation Loans – What Are Your Options?

Secured Debt Consolidation Loans - What Are Your Options?If you are looking at debt consolidation, a secured debt consolidation loan could be the way to go. There is often a good chance that you are simply better off by using a secured loan from your traditional lender instead of a debt consolidation service. Most debt consolidation services will use your home as collateral anyway, so why pay them fees when you can use your home as collateral with your traditional lender?

Refinance Continue reading

7 Feb

How to Obtain a Mortgage Modification Loan

How to Obtain a Mortgage Modification LoanA mortgage modification loan is a growing need for thousands of homeowners pinched between a bad economy and a mortgage made in a different economic environment. Since the recent economic meltdown thousands of people have successfully negotiated modifications with banks and other lenders. The process can be intimidating for many, but with a little knowledge and forethought, mortgage modification Continue reading

29 Jan

Contemplating A Reverse Annuity Mortgage? Read This First

Contemplating A Reverse Annuity Mortgage? Read This FirstLet’s say you’re 62 years of age or older. You no longer work, so you don’t have a monthly paycheck coming in. You receive Social Security, and you’re living off your savings. But in the back of your mind, you are not sure if it will be enough. You don’t want to live the rest of your life pinching pennies and worrying about the financial uncertainties of tomorrow. What do you do? What are your options? Continue reading

23 Jan

Loan Modification Hardship Letter – How to Write One That Will Achieve Success

Loan Modification Hardship Letter - How to Write One That Will Achieve SuccessLoan modification is helping more and more people to prevent foreclosure. Particularly for those who are not eligible for traditional refinancing, loan modification is an option to avoid you losing your home. The most important part of any application to negotiate loan terms is the loan modification letter. In fact, a great number of loan modification requests are declined simply because Continue reading

13 Jan

Home Equity Loans Online? Find a Home Equity Quote Online

Home Equity Loans Online? Find a Home Equity Quote OnlineOnline home equity loans allow you to find the lowest rates by comparing online quotes from several different lending companies. In less than an hour, you can sort through dozens of financing offers. So whether you want especially low rates or unique terms, you can find the right lender for you.

Searching For Home Equity Loans

Almost every financial company now operates a website, offering Continue reading

9 Jan

Fixed Rate and Variable Rate Mortgages – What’s the Difference?

Fixed Rate and Variable Rate Mortgages - What's the Difference?As you apply for your next mortgage, you may be wondering if you should opt for a fixed-rate or variable mortgage. But, what’s the difference? Is one better than the other? Can you save money either way? In this article, we’ll cover the basics of both fixed rate and variable mortgages along with the benefits and disadvantages of each. Keep reading to learn more.

Fixed Rate Mortgage

A Fixed Continue reading

6 Jan

Top 5 Reasons Why Mortgage Applications Get Rejected

Top 5 Reasons Why Mortgage Applications Get RejectedBelow are the five most popular reasons why mortgage applications get rejected. Some of them even at the final stage when you are all ready to move into your new house. Avoid these five mistakes and you will have better chances of getting your mortgage application cleared.

A. Your Credit Rating is Too low:

One of the first thing the lender will do when you submit your loan application Continue reading

31 Dec

What is Balloon Mortgage and How Does It Work?

What is Balloon Mortgage and How Does It Work?The Balloon mortgage is another type of loan program available to real estate buyers, which has contract features that can be attractive to borrowers, but also dangerous. The combined total of all monthly bills paid on a Balloon loan will not equal the total amount due on the loan by the end of the term, a scenario called Negative Amortization.

Because there will still be accrued interest at the end of the loan Continue reading

25 Dec

The Risky Gamble of Adjustable Rate Mortgages

The Risky Gamble of Adjustable Rate MortgagesAs one of the greatest investments you may ever make, there has always been an element of risk associated with any mortgage. Fail to pay off your mortgage and you could lose your home.

With fixed rate mortgages, the risk stays the same. You make the same payment at regularly scheduled intervals throughout the life of a typical 15- or 30-year mortgage. With adjustable rate mortgages Continue reading

20 Dec

Countrywide Loan Modification – How You Can Get a Principle Reduction

Countrywide Loan Modification - How You Can Get a Principle ReductionSome homeowners with Countrywide mortgages are eligible for a special loan modification that actually permanently reduces their principal balance. So many homeowners today are struggling with a mortgage payment that they can’t afford and owe more than the value of their home. Just imagine, simply erasing your negative equity! But how do you know if you qualify? Countrywide is offering this provision because Continue reading