Investors and Homeowners had a tough year. It started with the Real Estate market crash and it ended, so far, with thousands and thousands of foreclosures.
In the past year 267 banks have closed their doors and more banks are on the verge of ending their business. Let’s face it; the world is in serious […]
Those of you looking to be homeowners, but in a bad credit situation there’s still hope. Bad credit home loans are available and are offered every day to hundreds of potential home owners. Lenders know that sometimes bad things happen to good people and that we all need a helping hand at times. Even though […]
Lending loans is not easy anymore for loan companies. It’s really not easy to get a loan today, lending loans become a nightmare for some of us and the new dream is to get the loan approval instead of dreaming about purchasing or refinancing a home.
Loan companies today will ask more documentation from you to […]
Mortgage 80 20 was a trend, an easy access mortgage loan. Many people believed it was a mortgage-plan designed to help homeowners qualify to buy their dream home.
What is a Mortgage 80 20 Loan? First, let me tell you that it’s not what you thought it was. 80 20 loan it’s actually two loans with […]
An owner builder construction loan, just like any construction loan, will not have any mortgage insurance payments while you build. So, why is it then that mortgage insurance companies are having a huge impact on your ability as an owner builder to secure your loan? The answer lies within the banks’ rules for converting […]
A broker acts as an intermediary who sources loans on behalf of individuals or businesses.
Traditionally, banks and other lending institutions have distributed their own products. However as markets for mortgages have become more competitive, the role of the broker has become more popular. Today in most developed markets brokers are the largest distributors of […]
By now, if you have been watching the news at all you’ve either read or heard all about the bankruptcy of Lehman Brothers and the Sale of Merrill Lynch to Bank of America. Many senior homeowners can find relief in the fact that any of the funds that they may have had on deposit with […]
Over 2 Million American families have found themselves to be an unlikely statistic as foreclosure rates continue to skyrocket, even causing some lenders to fail. Fannie Mae and Freddie Mac needed a “bail-out” of themselves from the government. It’s getting bad with yet another wave of foreclosures set to begin in 2009.
Many of these will […]
How can you choose the right refinancing lender online with so many of them competing for your business? It may seem impossible, but if you want to be sure of getting a low cost loan with a low interest rate and great customer service you need to find the best refinancing lender. These three things […]
In today’s tough economic times there are millions of families across the U.S. facing the imminent prospect of foreclosure who are not aware that a loan modification is available to save their homes. Many of them are on Negative Amortization Loans, also known as Option Arms, 2/28’s, 3/27’s and 5-year interest only programs. These loan […]
