Category Archives: Mortgage
Next year is probably not going to be very successful for the housing market. This is due to multiple factors. In a post yesterday I discussed my forecast of an guaranteed drop in home values during the coming year. This article, I am going to discuss what appears to be another unavoidable reality of 2011: an increase in the number of foreclosures.
RealityTrac, a data provider, reported that foreclosure activity was down in November. Only 262,000 foreclosure notices were issued, this ......
Due to the many foreclosures and homeowners now becoming renters once again you may be interested to learn about some changes to the HUD rental assistance programs.
Hud submitted the preservation of, Enhancement and Transformation of Rental Assistance Act of 2010 (PETRA) to Congress this past MAY 2010. PETRA proposes modifications to the way in which HUD provides rental assistance. Did you know this department offers more than 4.6 million households through varies programs? The president......
If you have an adjustable rate mortgage, it is better to go for refinancing as an option. The benefits of refinancing an ARM are:
1. More uniform payments: One of the flipsides of an ARM is that there is always a rise of your monthly mortgage payments rising. In this case, you may want to look for refinancing to a fixed rate mortage to shield yourself from future rise in mortgage rates. You can also protect yourself by refinancing to another ARM with better cap limits to the extent ......
If you want to refinance so that you can have a lower interest rate, there are a few ways you can do that, but you have to ask yourself what you are willing to do to have that lower interest rate. For example, if you shortened the term of your mortgage loan, you could reduce your interest rate without having to wait for the interest rate to drop, but your monthly payments would be higher since you would be paying more in principle, although less on interest. If the interest rate dropped, y......
If you are in a crisis, and want to get quick Hard Money, and have no other easy and fast options to get it, you would have to look for mortgaging your fixed assets to the lender company. It could be a bank or any other conventional organization.
People are normally not interested in getting in to this process, because the rules and regulations to be eligible as a receiver of this kind of loans are critical. You would have to keep all the papers of the chattels you want to mortgage up-to-......
In Fort Mcmurray and Alberta, determining the kind of home loan mortgage is among the top concerns that first-time buyers deal with. Mortgage closes the gap between the cash on hand for down payment and the actual purchase price of a property. Choosing the right mortgage is easier when one understands the different types of mortgages and its pros and cons.
The most basic type of home loan is the no-frills loans. These are loans with low interests, and the borrower can pay off the loan f......
Home refinancing is the process of trading your current home mortgage for a new one that has lower interest rates. However, lower interest rates are not the only motivation for refinancing, as some use it to change from an adjustable rate to a fixed one. Refinancing can save homeowners thousands, and is also an opportunity to take out a home equity loan as well.
All homeowners at some point will probably consider refinancing their home. Before doing so however, one should do it for the rig......
Mortgage Loan Modification Assistance
Mortgage loan modification – How does the program work
In California it is typical to see home owners struggling with their mortgage payments currently with Arm loans adjusting and interest rates higher then normal for most current home owners, this is why you need to learn why a home loan modification can help you. We would all like to have excellent credit, great paying jobs, lots of home equity and so on but we dont, and that is why mortgag......
Every so often, I happen across an article about eliminating the mortgage tax deduction. The frequency of these articles has increased rapidly as those with little understanding of economics or history who were elected to our legislature seem determined to impose austerity on the country (curiously many of these same politicians who railed against debt and spending during the election also voted for an unfunded tax cut that some estimate could increase the deficit by $700-800 billion. Bu......
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