Category Archives: Mortgage
Many properties can be classified as rural housing and accepted under the USDA Rural Housing Loan Program. This program guarantees rural housing loans for lower to median income applicants for the purchase of owner-occupied single-family homes and gives buyers the opportunity to buy a home in the country or the outskirts of a town
Loans are offered in two separate categories. Rural housing direct loans are funded by the government for very low-income families, and applicants may obtain 100......
As you search for a home it is important to have a basic understanding of the mortgage industry, as well as the many types of home loans that are available. Along with this, and for the sake of your budget, you should learn as much as you can about mortgage rates. The rate that you obtain will have a direct impact on your monthly loan payments as well as the total amount that you pay over the life of your mortgage loan.
It is important for homebuyers to understand that a lower interest rat......
Before we determine how to improve your credit score, let’s discuss what factors influence your credit score.
A mathematical formula is used by credit report agencies to figure out your credit score. Factors which are taken into account when determining your credit score are:
Payment history – Is there a balance on credit cards from month to month? Have you ever missed a payment on any of your debts?
Collection or bankruptcy Issues – Has a collection agency had to collect an ......
The government of your country plans a roof for you. Sit back and take a breather for the government mortgage help program is aimed at your welfare. Recession has coaxed the government to pass bills that will provide mortgage help. The intent of the bill is to help people avoid foreclosures. This program is a part of the Homeowner Affordability and Stability Plan. The objective of this plan is to help with mortgage payments so that you can avoid foreclosure and save your home. The program ......
The subprime mortgage crisis that struck the United States a couple of years back has left so many homeowners feeling more depressed. Add the current economic situation of our country, and you will be having sleepless nights due to fear of losing your job and home. Unfortunately, the economic crisis seems to persist and studies shows that it will continue to rise come 2011. The fear of losing the American dream of homeownership is so real and borrowers from across the state are making ever......
Competition Heats up as more and more software becomes available to struggling homeowners.
It is the David versus Goliath of fights if you are a struggling homeowner looking for free assistance. Fannie Mae has launched their Know Your Options website to help guide homeowners to the road of avoiding or navigating through the foreclosure waters. The site is informative, with many links and explanations of what foreclosure is and how a loan modification can help you save your home. However......
Wisconsin Mortgage Company is like a service industry and this is something that has to be very much kept in mind. There are a lot of individuals who are of the opinion that to locate and find mortgage approval as well as purchasing a good home is a very much of a daunting task and due to all of this they will overlook the necessity of shopping for one such company that can very well provide you with good satisfaction. Mortgage companies should be such that they should very much be able to......
A reverse mortgage is a worry free way of getting income, so if you are able to get a reverse mortgage, that would be ideal if you need a source of income, or an additional source of income without needing to work. However, you must be at the age of 62 or older because the idea is that you should not live longer than the term of the reverse mortgage. You will also need to either have your house fully paid off, or you will need to have enough equity in the house to finish paying off your ho......
If you did not know, the Federal Trade Commission did come out with a new law to help homeowners from being scammed into paying upfront fees to modify their home loans.
However, Attorneys are exempt from the rule but they have to meet three conditions. Let’s review these and make sure you are working with an Attorney who is staying compliant and honest, while helping you save your home.
- They have to be engaged in the practice of law
- They are licensed in the sta......
There are two main types of interest rates for mortgage loans; fixed and adjustable. Find out which type of interest rate is right for you!
There are two main types of interest rates for mortgage loans; fixed and adjustable. Depending on your situation and what you are looking for will determine which interest rate will be right for you. One is not necessary better than the other, it depends on a lot of factors such as the current interest rate, what each option for interest rates have......
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