The Real Truth About Those: Online Get a Better Loan Web Sites

You have seen the Commercials on TV go this or that web Site and Refinance your Home and Save thousands. Tempting isn't it? Do they really save you money?

But what if you need help or Advice? What if you have questions? Can an online Internet Robot Design a Mortgage Plan customized for your unique situation.

Here are 6 Reasons why a Financial Service Professional is better then those online Internet Robots

1 - Loan Maize

Their are hundreds of loan Types and Terms. Which is best for you? Before you go to the Internet learn a little about the loan Maize. Here is just a partial list of terms involved in the Maize.

First you Pick the Loan Length

  • Less then 15 Years
  • 15 Year
  • 20 Year
  • 30 Year
  • More then 30 Years

    Next Pick the Loan Type

  • First Trust Deed
  • Second Trust Deed
  • Home Improvement
  • Reverse Mortgage
  • Inverse Mortgage
  • Bi-Weekly Mortgage
  • Debt Consolidation
  • FHA
  • VA

    Now Mix and Match from some loan Terms

  • Fixed Rates
  • 30 due in 5
  • 30 due in 7
  • Fixed for 3 then Adjusts
  • Buy Downs
  • Arms
  • Steps
  • Interest Only
  • Fully Amortized
  • Ballons
  • Full Doc
  • Negative Amortization ARM

    Latest News


    Ben Bernanke: Fresh Attack on Mortgage Rates
    U.S. News & World Report, DC - Dec 1, 2008
    Lower rates will enable some borrowers to refinance out of adjustable and into fixed-rate loans. But those who need to refinance the most have homes with ...
    Long Bond Returns Most Since 1995 Amid ‘Bubble’ Talk (Update2) Bloomberg
    Treasury Yields Hit Record Lows, But Will it Last? Housing Wire
    REFILE-TREASURIES-Bonds rally, helped by weakening economy Reuters
    Hemscott - Bloomberg
    all 156 news articles

    Looking to refinance? Now might be the time
    Boston Globe, United States - Dec 1, 2008
    Mortgage rates have been stubbornly high for quite some time but the government's recently announced $800B plan to bolster mortgages and consumer loans had ...
    Are looking for a new mortgage? We want to hear from you Louisville Courier-Journal
    all 3 news articles

    Interest rate drop opens door to refinancing
    Austin American-Statesman, TX - 17 hours ago
    By Shonda Novak, MS Taboada The recent sharp drop in mortgage interest rates is creating a window for homeowners nationwide to refinance and providing an ...

    Md. sees drop in loss of homes
    Baltimore Sun, United States - 13 hours ago
    Many borrowers took on mortgages at the height of the housing boom, believing they could eventually refinance to a lower loan rate or sell their homes if ...

    Washington Post

    Mortgage rates fall, but many borrowers will have trouble qualifying
    Los Angeles Times, CA - Nov 27, 2008
    Jeff Lazerson, a Laguna Niguel mortgage broker, said all the customer calls he received Tuesday were from people seeking to refinance, not buy homes. ...
    Mortgage-market revival: Try, try again CNNMoney.com
    US move cuts mortgages to lowest rate since February Baltimore Sun
    Last Call for Smart Homeowners Motley Fool
    Bloomberg - AHN
    all 2,157 news articles

    Self-Employed Are Frozen Out of Mortgages
    Wall Street Journal - 16 hours ago
    He's been unable to find a lender willing to refinance the $900000 adjustable-rate mortgage on his primary residence, which he says is worth around $1.1 ...

    Mortgage Delinquencies Set to Soar: Report
    Housing Wire - 6 hours ago
    “The credit ding makes refinancing that much more difficult,” said one source that spoke with HW Tuesday morning, a loss mitigation counselor at a large ...

    New mortgage crisis looming, experts caution
    San Bernardino Sun, CA - 18 hours ago
    And since investors no longer want to buy commercial mortgages, banks are reluctant to write new loans to refinance those facing foreclosure. ...

    A recession Q&A
    Newsday, NY - 12 hours ago
    ... take measures that will result in lower mortgage rates, "so people can afford to buy up housing inventory and refinance mortgages at affordable rates. ...

    Are You An Idiot To Keep Paying Your Mortgage?
    NewsNet5.com, OH - 5 hours ago
    If you took out a home-equity loan or did a cash-out refinance to buy a car, you'll still owe tax on that debt if it is canceled. For state income taxes, ...
    Some buyers may see higher loan rates Boston Herald
    Global slowdown to drive market direction Moneycontrol.com
    all 19 news articles

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