How to find a mortgage with bad credit
by N Hynes.The secret to getting the cheapest home mortgage even with poor credit is to firstly be optimistic and persistent. Make contact with as many banking institutions and lenders as you have the time for. There exists out there one or more online lenders ...
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Are you ready for a 40-year mortgage?
by Charles Essmeier.Over the years, a number of new mortgage options have become available to prospective buyers that ease the burden of buying a home. Buyers can now obtain a mortgage with a variable interest rate that rises or falls with the market or even a mortgage ...
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Reverse Mortgages Explained
by Robert Hutchinson.A 'Reverse Mortgage', also known as 'Equity Release', is a popular way to use your main asset (your home) to free up some cash for other purposes. In a standard loan, your income stream is used to 'qualify' for the loan. The bank will want to see tha...
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Home Mortgages: Up, Up and Away!
by Mj Plaster.Refinance NOW—before it’s too lateIf you haven’t found the time to refinance your existing home mortgage, it’s time to take action—like yesterday! Every time Alan Greenspan, Federal Reserve Board Chairman, opens his mouth, you can bet that ...
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Cash Out Refinance
by Carrie Reeder.There are some definite benefits to doing a cash out refinance. Just make sure that overall you are not going to be spending more money in fees and interest doing a cash out refinance as opposed to a home equity loan. When you do a cash out refinance...
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Benefits of Reverse Mortgag
by Charles Essmeier.While only comprising about 1% of all mortgages, the reverse mortgage has gained in popularity in recent years. Federally insured since the late 1980’s, the reverse mortgage allows owners of paid-off homes of at least 62 years of age to borrow agai...
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Debt consolidation mortgage
by Ann Gibson.Debt consolidation mortgage not only consolidates your various loans it also consolidates various benefits under one singular name. The name you know is debt consolidation mortgage. There are many things integrated under debt consolidation. It is lik...
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No Fee Mortgages Coming Soon
by Charles Essmeier.The concept of lending without a long list of additional fees isn’t new; banks have been offering “no fee” home equity loans for several years. The continued boom in the national real estate market has prompted increased competition among lende...
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40-Year Mortgages: An Alternative to Interest-only Loans?
by Chris Rocks.For the savvy borrower, an “interest-only” loan can be an important component to an overall financial plan -- allowing them to divert principal payments to other financial goals. “Interest-only” is typically an option only available on adjust...