Mortgage & Refinancing Information
Are Biweekly Mortgages Really Worthwhile?
You may have heard people, especially mortgage lenders, extolling the virtues of biweekly payments, saying that you can save thousands of dollars and take 5-7 years off your mortgage--and then offering to set up a biweekly plan for you for as little as $400. But you don't have to spend $400 to begin saving money and time on your mortgage.
Bankers Dont Want You to Know That You Pay for Your No Cost Home Loan Forever
With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers.
How Good a Deal Is Your Banks Mortgage Insurance Plan?
When you go to the bank to get a mortgage, you'll inevitably be asked to take out mortgage insurance. The idea behind mortgage insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank.
Total Cost Of Credit vs Monthly Payments
I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages.
A New Choice for Home Financing: Correspondent Lenders
When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.
Housing Bill - Changes in the Right To Buy Scheme
Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change.
Understanding a UK Commercial Mortgage
In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.
Understanding UK Bridging Finance
Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged.
Free Home Equity Loan Information
Home equity loan information can sometimes be confusing and misleading. I have written this article to properly explain home equity loans.
Types of Home Equity Loans
There are at least two types of home equity loans.The first is a term or closed end loan and the second is basically a line of credit.
Reasons To Get A Home Equity Loan
Using a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in the first place.The most common reason people obtain the loan is for debt consolidation however other uses include home improvements, educational expenses, unexpected family emergencies, medical expenses and in some cases for big ticket purchases.
The Zero Down 80/20 Mortgage
This is an excellent loan for those that are lacking the down payment required for other types of mortgages.The 80 20 mortgage is simply two loans for 100% of the purchase price.
Mortgage Prepayment Penalties - Just Say No
One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for paying an additional amount of money, typically about six months interest on 80% of the mortgage balance.
Student Home Purchase Plan
Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students can afford cost increases less than any other demographic in Canada.
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Latest News
Imminent housing bill full of hope but few answers Chicago Tribune, United States - •Certify to the government that they haven't "intentionally defaulted" on their mortgage or on any other debt to refinance into a HOPE loan. ... Loan program may help borrowers in trouble Inside Wall Street: That Ticking Sound You Hear Out in the ... Lender World |
![]() ABC News | Saving Money on a Mortgage Kansas City infoZine, MO - Whether you're buying a house or looking to refinance a mortgage, the valuable guidance in the new Saving Money on a Mortgage package from the Federal ... THE HOUSE THAT INDYMAC BUILT |
Record number of Americans deeper in debt Barre Montpelier Times Argus, VT - Mortgage lenders took to cold-calling homeowners to persuade them to refinance. Done to reduce borrowers' monthly payments, serial refinancings allowed ... |
![]() ABC News | Money Managing Matters: Three Dos, Don'ts ABC News - Do refinance your adjustable rate mortgage, or buy a house. If you have an adjustable rate mortgage, refinance into a fixed rate one. ... |
Market stability depends on more truth-telling Gail MarksJarvis Chicago Tribune, United States - That has left homeowners unable to refinance unaffordable mortgages because homes are worth less than mortgages. Banks then end up with more troubled loans ... |
The following is a transcript of President Bush's weekly radio ... FOXNews - These two enterprises play a central role in our housing finance system, and we must ensure that they can continue providing access to mortgage credit ... |
Mortgage Rates Fall HULIQ (press release), NC - According to the latest survey by the Mortgage Bankers Association mortgage rates on fixed and adjustable mortgage have begun to decline. Mortgage refinance ... |
FOXBusiness | Housing Advocates Relieved Over Mortgage Firms Bailouts WNYC, NY - GERECKE: They can't refinance with their original lender cause their original lender is out of business. So loans that are bought by Fannie Mae and Freddie ... Video: Notebook: Fall Of The Giants Angelo's Fannie Pack Comment by Christopher Whalen Managing Director, Institutional Risk Analytics |
Predators aplenty in housing boom, bust Monterey County Herald, CA - The refinancing made their situation worse. Again from the HUD Web site on predatory practices—"Having the borrower refinance when there is no benefit to ... |
![]() The Money Times | The Government Did It Forbes, NY - The financial peril of Fannie Mae and Freddie Mac--the government-sponsored, government-regulated mortgage giants regarded as instrumental in solving the ... What triggered Fannie and Freddie’s fall? |
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Comment by Christopher Whalen