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mortgage : Insurance
Are Mainstream Lenders Increasing Their Maximum Mortgage Amount
For many years the majority of mainstream lenders such as high street banks and building societies have had a cap on the amount they were prepared to lend as a mortgage. This was (and still ...
Buying a House Guide
House Buying Donts? Not Anymore Thanks To This Advice! Whether you're a first time home buyer or have real estate experience, purchasing a home can be overwhelming. There are many homes available on the market, ...
Military Pay When Applying for a Mortgage
Members of the U.S. military receive their pay in numerous ways. Service members may buy a home using a Department of Veteran Affairs loan but are not required to use the VA. Many service members purchase homes using Federal Housing Administration loan programs or conventional loan programs. The gov
Fixed Vs. Adjustable Mortgage
You have many decisions to make when you are purchasing a home. One of them is whether you should choose a fixed-rate or an adjustable-rate mortgage. A fixed rate is typically the safer choice for borrowers, and the adjustable rate can be more risky.
Debt - Societies Dirty little 4 Letter Word
Debt is a fact of life for many individuals and families. For those with good money management skills, access to credit cards and lines of credit can provide for security and flexibility allowing them to ...
Who to Contact to Renegotiate a Mortgage?
If your monthly mortgage payment becomes too much to handle, you may qualify for a loan modification. A loan modification allows you to negotiate with your mortgage lender for a home loan with terms that reduce your mortgage payment -- helping you avoid foreclosure.
Why Renting is Better than Buying
You'll often hear the argument that renting a home is the same thing as throwing your money down the toilet. If that's true, then I guess every service we purchase in life is a waste ...
Can Bank Accounts Be Seized When You Default on a Mortgage?
When a mortgage is created, the borrower signs a contract with the lender that creates a debt obligation, using the property as collateral for the loan. This is what gives the lender the right to foreclosure on the property through a lien if the borrower stops making the monthly payments on the mort
How To Write A Business Plan For Micro Finance Loans
Your business plan must demonstrate that the funds requested are needed and your business will repay the debt capital, as well as the lender's required interest over the loan period. Capital
Flood Insurance Certification
Most homeowners insurance policies protect property from a number of causes of damage, but omit any form of coverage for flood damage. That's where the National Flood Insurance Program, or NFIP, comes in. To get flood insurance, homeowners must live in an area for which the NFIP has examined and det
How to Calculate a Variable Mortgage Rate
Variable rate mortgages, also called Adjustable Rate Mortgages (ARM loans), are home loans whose interest rates can change on a periodic basis. Prior to signing on for one of these loans, it's important to know how to calculate the new interest rate on the mortgage. Finding the necessary tools and m
Mortgage Rates In A Bad Economy
When seeking out a mortgage for that first or new home and you want the lowest interest rates available there many important factors you should think about first. Perhaps the most important is that you ...
Are You Ready For A Mortgage Branch Opportunity?
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Top Mortgage Finance Company Reports Huge Interest Rate Drops In The Month Of May
Reported by the finance company Freddie Mac, long-term mortgage rates dropped weekly for the month of May as unfavorable economic data continued to roll in. Mortgage rates dipped the 1st week of May. Freddie Mac ...
Picking On Milwaukee Mortgage Broker Services
People these days tend to get along with the perfect Milwaukee mortgage broker when they want loans but then hiring the right lenders will help you at the best.
How Soon Should You Refinance a Home Mortgage?
Refinancing a home mortgage can relieve a lot of stress from your home budget, but you need to know how soon you can refinance. That will depend on your lender. Some lenders have no restrictions on early payoff of your mortgage, while others will charge you a fee. Typically, most mortgages require y
Credit Requirements for FHA Loans
Credit requirements for FHA loans vary from lender to lender. FHA stands for the Federal Housing Authority and they provide insurance on certain loans offered through approved lenders. Although a common misconception, the FHA itself does not offer loans for purchasing a house. Solid credit perform
Ways to find Cheap Mortgage Rates
Cheap mortgage rates can be found but it needs a bit of research and comparison. However, if you think of small savings in terms of larger installment period then it might sound reasonable to put ...
How to Refinance a Land Contract to a Conventional Home Loan
Refinancing an existing land contract can help lower monthly payments and free up some cash for other parts of your budget. Refinancing is essentially the process of one lender selling your debt to another lender, in this case your land contract. You may have purchased your home and/or land on a lan
Mortgage Points Explained
Mortgage points are a fee that is paid when you take out the loan. You may be required to pay a number of points as an origination fee, as closing costs, or as part of the down payment. Knowing which points are optional and if you should choose to pay them can save you thousands of dollars over the