Mortgage & Refinancing Information

Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in monthly payments?Most people would take a lump sum because even though it might be less than the total prize, they would have control over a large sum of money now and could let the time value of money go to work and increase their winnings.So why then would you opt to get paid on your business sale over several years rather than take a lump sum payout?The answer is probably because you didn't know that you could get cash for your business note.

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


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 163 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 - 18 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 ...

Straits Times

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 2,156 news articles

Self-Employed Are Frozen Out of Mortgages
Wall Street Journal - 17 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 - 7 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 - 6 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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