By: Tax Advisors Home Loans Views: 2462 | Comments: 0 | Votes: 0
On February 18, 2009, President Obama announced his Making Home Affordable Program (MHA), designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. For more detailed information, visit MakingHomeAffordable.gov. More
By: Kenneth R. Harney Home Loans Views: 2370 | Comments: 0 | Votes: 0
WASHINGTON – If you're applying for a loan to purchase a primary or secondary home, or planning to refinance, you should be aware of a little-publicized new set of federal consumer-protection rules that take effect July 30. If you don't get them, you can pull the plug. You'll now have up to a week to think about the transaction, and decide whether it's right for you. More
By: Bogie Boric Home Loans Views: 2316 | Comments: 0 | Votes: 0
The two main types of mortgage that lenders have traditionally sold are the fixed rate mortgage and the variable rate mortgage. These two products are similar in many ways, in that every month a set amount needs to be paid back to the lender (unless an emergency ‘holiday’ arrangement has been made), and if this is not done then the borrower has got serious problems. More
By: Bogie Boric Home Loans Views: 2326 | Comments: 0 | Votes: 0
Getting a mortgage can be one of the most difficult decisions a person can make. Because of the vast array of mortgage products that are available it can be confusing and more than a little daunting. Here are a few things to consider when deciding on the right option for you. The first step is to decide which method of repayment best suits you. More
By: Mark Goldman Home Loans Views: 3379 | Comments: 0 | Votes: 0
2009 is a Year of Opportunity"Adversity breeds opportunity." Remember what Warren Buffett says; "buy when others are fearful and sell when others are greedy."Contact me if I can help with your plans.Mark Goldman, CMPSSan Diego, CAloanguy@markgoldman.com(858) 487-1875 More
By: Peter Schiff Home Loans Views: 6018 | Comments: 0 | Votes: 0
If you are a mortgage holder who is either struggling with crushing payments, bitter for having overpaid for your home during the bubble, or who has extravagantly refinanced when prices were rising, the government's landmark $700 billion bailout package has an important message for you: stop making your mortgage payments . . . immediately. Here's why. More
By: Kenneth R. Harney Home Loans Views: 2861 | Comments: 0 | Votes: 0
When an investor offers you $50,000 or $100,000 in exchange for 30 percent to 50 percent of your home's future appreciation, is it a good deal? That's what a new breed of investment firms is promoting as an alternative to traditional home equity loans, lines of credit and reverse mortgages. Two of the investment companies – REX & Co. Absolutely. That may suit you just fine. More
By: Art Of Saving Home Loans Views: 3473 | Comments: 0 | Votes: 0
Common Financial Terms Collateral Collateral is used to describe an object of high value that is used to guarantee the repayment of a loan. If repayments are late, or the agreement is defaulted, the collateral is taken in place of the repayment. Collateral is almost always something extremely valuable. More
By: Kenneth R. Harney Home Loans Views: 30042 | Comments: 1 | Votes: 1
WASHINGTON – Picture this: You're eager to take advantage of today's troubled real estate market and buy a foreclosed house at a fire-sale price. The problem is you don't have much money for a down payment. And your credit files are scuffed up with late payments. But can they really do what they claim? According to a complaint by the FTC filed in U.S. William I. Kenneth R. More
By: Art Of Saving Home Loans Views: 5859 | Comments: 0 | Votes: 0
By Barbara Hagenbaugh, USA TODAY WASHINGTON — The Federal Reserve, battling recession and a fearsome credit crunch, cut interest rates by a hefty three-quarters of a percentage point Tuesday and said the economic outlook has deteriorated, suggesting more rate cuts could be on the way. The cut matched the most aggressive move since they began targeting the rate in 1990. More
