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Articles in Home | Real Estate | - Mortgages

  • Rate Calculator Can Help You With Difficult Calculations  By : Liam Felton Becker
    Make sure you take a look at each of the aspects that may help you make a decision which are more excellent loan rate. Mortgage or loan since it is popularly known could very well be the foremost excellent way that may help you buy your house.
  • Loans - All You Ever Wanted Learn about Home Loans  By : Maximiliano Ferrante Benedetti
    For many individuals, investing in a house to reside in will probably be the most expensive venture formulated in one's lifetime. That's because of the long-term funding needed. Home loan is a fixed term loan, secured over a home-property that you buy.
  • Getting Help Paying Mortgage - Some Key Tips  By : Coffey Collins
    If paying off a loan has made life miserable for you, it pays to seek assistance from consultants who help paying mortgage. Nevertheless, it pays to be wise on your own. Avoid foreclosure and save your home by recognizing the following key points.
  • Mortgages Unravelled  By : 4Ps--Marketing
    Mortgages can be a daunting and confusing topic to everyone from first-timers through to experienced property owners.
  • Government Mortgage Assistance: A Solution To Your Mortgages Problems  By : Deena West
    The U.S. Government offers its citizens several benefits, including financial aid, loans, grants, and so on.
  • How to get a Mortgage refinancing Loan without Paying High Interest Rates  By :
    Having not so great credit or bad credit will not stop you from being eligible for a good home mortgage refinancing loan. Credit problems simply mean that you are going to have to work harder to find the best possible mortgage refinance rates for your unique financial situation.
  • Managing your Mortgage - How to Work with your Lender  By : Joshua Penman
    Contact Your Lender to Avoid Foreclosure Many people avoid calling their lender when they have money troubles. Most of us are embarrassed to discuss our money problems with others or believe that if lenders know we are in trouble, they will rush to collection or foreclosure.
  • Best way to get a mortgage or a remortgage  By : the-mortgagebroker
    Mortgage Brokers v High Street
  • Mortgage Misery and Mayhem  By : incontroldebt
    The latter half of this decade has seen borrowing rates in the UK soar, with many home-owners seeking to re-mortgage their properties in order to be relieved from crippling repayments. However, they face serious challenges. Whilst sub-prime mortgage lending in the US is seen to have been a major cause of their current fiscal predicament, the UK heeded the warning, and lenders are becoming increasingly selective about who they will lend to.
  • Learn About Several Institutions Offering Mortgage Loans  By : Robert Thomson
    A mortgage loan enables a person to buy a home, and they can pay the money back to the bank or financial institution over a certain period of time.
  • Types of Mortgages  By : Robert Thomson
    A mortgage is a loan that must be taken out by all homebuyers. The mortgage is provided by a bank or other lending institution and gives the homebuyer the money needed to purchase the home.
  • Coping With The Cost Of Mortgage Payment Protection Cover  By :
    The main reason that is cited as to why most homeowners do not have any mortgage payment protection cover in force is that it is too expensive and they cannot afford to make the premiums and live comfortably. However, this reason is often cited before individuals look into mortgage payment protection cover in any depth. They hear the price and say ‘no’ before finding out what mortgage payment protection cover actually is.

    Alternatively, many individuals state that the cove...
  • Lease Option To Buy Explained  By : Tamara Schmitt
    Lease Options are a thing still of the future. Alot of investors use these to make profits as well off of renters that later become the owner of the home.
  • How A Reverse Mortgage Works  By : Brad Stroh
    Ever wonder how a reverse mortgage works? For folks that have lived in their home for a long time, they may very well be sitting on a gold mine. Home prices have increased greatly over the last thirty years, and nationally have nearly doubled in value over the last ten years. This has left a great many homeowners with valuable equity in their homes and many different options to access that equity, home equity loans and mortgage refinances being the most common. For older Amer...
  • Mortgage Information for the creditor and debtor  By : Robin Stevens
    In the majority of jurisdictions mortgages are strongly linked with loans secured on real estate rather than other property and in some cases merely land may be mortgaged. Read on…
  • Second Mortgages: What You Need To Know  By : Joseph Kenny
    At times in life it may be necessary to come up with a sum of cash for unexpected expenses or even expenses that you might not be able to afford without a influx of cash. In these cases a second mortgage can come in quite handy. Before taking out a second mortgage; however, you should know how they work and the advantages and disadvantages of second mortgages.

    Basically a second mortgage occurs when you take out another mortgage on top of the existing mortgage on your home...
  • Options To Finance Your New Home  By : Joseph Kenny
    Are you feeling overwhelmed with the sheer number of different types of mortgage loans? Not sure which one will work best for your situation and needs? Read on for tips to help you compare the advantages and disadvantages to the most common types of mortgage loans.

    First, it is important to understand the difference between a variable or adjustable interest rate mortgage and a fixed rate mortgage. With a fixed rate mortgage you gain the advantage of monthly mortgage paymen...
  • The New 50 Year Mortgage  By : Joseph Kenny
    Just a few short years ago, many people were amazed by the prospect of a 40 year mortgage. While 30 year mortgages had dominated the market for decades, the idea of being able to spread out your mortgage payments over forty years was just almost too much to comprehend. Now, there is the new 50 year mortgage and if the 40 year mortgage took the finance world by storm the 50 year mortgage is leaving many people speechless.

    But, is a half century mortgage really a good idea? ...
  • Mortgage Calculators - Simple But Effective  By : Tyson J Stevenson
    The Oxford Dictionary defines mortgage as “the method of conveyance of property as security for debt until money is repaid”. The word mortgage is a French loan word, literally meaning dead pledge, but commonly used to refer to the legal device used in securing be property. A calculator on the other hand is an electronic device used for making calculations. Owning a home or moving into a larger one is the part of any person’s dream. However dreams come with the price tag and s...
  • Different Ways To Repay Your Mortgage  By : Connie Barker
    When you are searching for a mortgage, no matter if it is a first, second, or refinance, you have different options on repaying it which some people don't realize. So, before you just take whatever is on the paperwork, you should consider the following options:

    Capital and Interest Payments
    This is the most common way to repay your mortgage, since you make your payments each month on the capital, or principle, of the loan. In the U.S., this is called amortization and in t...
  • Mortgage Terminology That Everyone Should Know  By : Connie Barker
    When you are searching for or reading through any mortgage, there are some terms that are vitally important to how you perceive the paperwork. If you aren't familiar with all of the terms, then you might misunderstand what the document is saying and agree to something that you might not mean to. Here are some of the basic terms that you should understand before you sign anything:

    1. Creditor – this is the party who is selling, or who holds the current deed to the property ...
  • Is An Interest Only Mortgage A Good Idea?  By : Peter Kenny
    If you are looking for a home but you know that paying a mortgage will be a severe drain on your finances, then perhaps you should look at getting an interest only mortgage. If you are unsure about what an interest only mortgage is and how it can help you, then this article can provide you with some useful tips on getting an interest only mortgage.

    What is an interest only mortgage?

    An interest only mortgage is a mortgage where you only pay back the interest on the loan...
  • A Short History Of The Mortgage  By : Connie Barker
    Most people know what a mortgage is, due to the fact that many people have one. But, do you know how the mortgage itself came about? Here is some basic history on the mortgage and where it came from:

    In the beginning, a mortgage was just a conveyance of land for a fee. The buyer paid the seller a set rate, with no interest, and the seller would sign over the land to the buyer. There were usually conditions that had to be met before the land would be the property of the buy...
  • Affordable Mortgage Loans  By : Connie Barker
    There are a lot of options these days when it comes to finding an affordable mortgage loan. Lenders literally compete for potential new homeowner business. Now lenders have another tool, the internet.

    Lenders can now reach out to those looking for affordable mortgage loans through saturation e-mails, e-mails that go out to a blanket buyer list, and online websites offering the best possible rates. The lenders today include savings and loans, commercial banks, mortgage bank...
  • Are Rates Set For A Hike?  By : Tml-mortgages
    Interest rates will rise by the end of 2006, economists are predicting.

    Leading economists are speculating that that the Bank of England will announce a one quarter point rise in the basic cost of borrowing, of interest to those seeking a mortgage or loan, before the end of the year.

    While the monetary policy committee (MPC) voted recently to hold interest rates for the 11th consecutive month, many economists are claiming that economic pressures, notably rising inflatio...
  • Tracker Mortgages Still An Attractive Choice  By : Tml-mortgages
    First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year.

    Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of 2007.

    However, Moneysupermaket argues that those currently looking for mortgages should not automatically discount the idea of a ...
  • Is A Reverse Mortgage Right For You?  By : Joseph Kenny
    In the last few years reverse mortgages have been growing in popularity among the elderly. While there are numerous advantages associated with reverse mortgages there are also disadvantages as well. Before you take out a reverse mortgage, be sure you have the whole story.

    First, understand what is involved in a reverse mortgage. Basically, this type of mortgage allows you to transfer a portion of your equity into cash without the need to take on an additional monthly bill,...
  • Adjustable Rate Mortgages vs. Fixed Rate Mortgages  By : Joseph Kenny
    Buying a home can be an exciting and stressful time for anyone. While you may be excited at the prospect of owning your own home, especially if it is your first home purchase, the idea of choosing between all of the many different types of mortgages may leave you feeling confused and apprehensive.

    Two of the most common choices you’ll find in the mortgage market are adjustable rate mortgages and fixed rate mortgages. Fixed rate mortgages are the most traditional type of ho...
  • Mortgage Interest Rates 101  By : Home Loan Center Editorial Staff
    Many things affect mortgage rates - which is why they fluctuate. So it pays to understand a little about how mortgage interest rates are generated. The more you know about the economic factors that change rates, the more prepared you are to find the perfect home loan at an interest rate that's perfect for you as well.

    Market Conditions
    When the Federal Reserve Board raises or lowers rates, there is usually an impact on the rate you will get for your fixed rate home loan, ...
  • Interest-Only Or 50 Year Mortgages - Do They Really Make Sense?  By : Carl Hampton
    With hotspots like Las Vegas, much of California and Florida still enjoying a good real estate market, many banks and mortgage companies are now spreading out payments over 50 years to make them more affordable. Prior to these 50-year mortgages, interest-only mortgages were promoted and sold as the way to go. The real question here is which is better?

    Let’s first digress on what an interest-only mortgage is. Interest-only home loans or mortgages aren’t as a general rule pe...
  • What Is A Reverse Mortgage?  By : Bob Backstrom
    Reverse mortgages are becoming popular among the senior citizens. They give seniors easy money in lieu of the part ownership of their home.

    If you want to go for a reverse mortgage, the information below will help you:

    What is reverse mortgage?

    For senior citizens above 62 years, lenders offer instant cash without any monthly payments. This allows the pensioners with a home, but no cash, to get easy financing to meet their daily needs or for any other purposes. This ...
  • 3 Things To Look For In A California Mortgage Lender Online  By : Carrie Reeder
    Want to buy a home in California? If so, chances are you'll need a California Mortgage Lender to help finance your new house. Fortunately, the Internet has made the mortgage process easy. You can even find a lender online with very little hassle! Here's how to find a reputable California Mortgage Lender online:

    Ask friends, family and neighbors

    If you already live in California, some of the people you know in the state may have used a California Mortgage Lender online w...
  • Millions Rely On Fictional Mortgage Benefit  By : Tml-mortgages
    Around 3.85 million home owners believe that a non existent state benefit will enable them to keep up with mortgage repayments in the event of losing their income.

    Almost one in ten home owners wrongly believe that the government will pay their mortgage if they are unable to do so for reasons such as redundancy or illness, according to new research.

    However, the government will not help anyone with mortgage payments for the first nine months of unemployment and after th...
  • Subprime Mortgage Loans – Understanding Different Credit Ratings  By : Carrie Reeder
    Regardless of bad credit, you can get approved for a mortgage loan. Credit ratings vary person-to-person. A high credit rating will make you a good candidate for a prime mortgage. On the other hand, if your score falls below a traditional lender's minimum requirement, you must choose a subprime mortgage loan.

    How Credit Rating Affects Loan Approval

    Mortgage lenders are more eager to approve a loan application if your credit rating is high. Individuals with high credit s...
  • Mortgages. Why Interest Only Can Be A Risky Option  By : Michael Challiner
    The Council of Mortgage Lenders’ figures are showing a growing trend in interest only mortgages. From January to March 2002, 9% of new mortgages were interest only. Now take the period from October to December 2005, and the amount of new interest only mortgages has risen to 23%. In the same timeframe, the number of first time buyers choosing interest only mortgages has increased from 6% to 15%.

    There’s a good reason for this upturn, and that’s because the monthly payments ...
  • Choosing A Mortgage That Fits Your Lifestyle  By : Anita Johnston
    There are many different types of mortgages with a plethora of features and fees. Choosing the right kind of mortgage based on your life style could not only make it easier for you to repay the loan but also save you thousands of dollars.

    First, make an honest assessment of your financial position. Do you have a stable job? If you are in business, does it yield you a regular profit? Calculate your gross income. If you have a very low income that deters you from saving anyt...
  • Need A Mortgage? Better Get One Because They Are Going Fast... The Affordable Ones  By : Jim Grayson
    Mortgages, probably the cheapest money in town. A mortgage is a type of loan that uses the property in which it is buying as security or collateral against the loan. Basically, a mortgage is the easiest and cheapest type of loan to get because whoever is lending you the money is really the one who is buying the house. It is not until you pay off that loan that the one actually owns his or her house.

    There are many types of mortgage loans. The two basic types of amortized l...
  • Mortgages. Short Term Advice  By : Michael Challiner
    There are some new types of home loans coming onto the market which are being advertised at present. Several of the mortgage companies are offering variation of them and they are being marketed as “lifetime” loans. So might this be the end of the short-term mortgage? Not necessarily so, it appears that there are still bargains out there for those prepared to shop around.

    Mortgage brokers usually advise discounted short term mortgages and advise clients to regularly shop ar...
  • MPC Confident In Rate Decision  By : Tml-mortgages
    The Bank of England was confident in its decision to hold interest rates at its last meeting.

    Minutes released from the monetary policy committee's (MPC) meeting on June 8th show that members voted seven to one in favour of holding rates at 4.5 per cent.

    Only one member voted for a rise of 0.25 per cent, as the committee appeared to balance inflationary fears against the wider needs of the economy, with the reluctance to raise interest rates welcomed by those seeking a ...
  • 3 Things To Look For In A Home Purchase Lender Online  By : Carrie Reeder
    If you're ready to buy a new house, you're going to need a Home Purchase lender. And finding one online is convenient and simple! However, there are a few things you should look out for to ensure that your lender has your interests--and not his--as his top priority.

    Make sure your lender offers options

    There are a lot of options other than the traditional 30-year fixed rate mortgage. Depending on your needs and personal situation, an Adjustable Rate Mortgage (ARM) or In...
  • UK Mortgages - Need To Know Information  By : Joseph Kenny
    Whatever stage of the mortgage game you’re at, unless you happen to be a qualified financial advisor, solicitor and broker all rolled into one, you’ll need professional help to find and arrange your loan. This guide presents some basic information on mortgages, but you’ll need to take specialist advice for your individual circumstances.

    Having a general awareness of the processes involved and an idea of what’s available to you should help you to make the right decision whe...
  • Spanish Mortgages - Widen Your Horizons  By : Joseph Kenny
    Ever dreamed of running away to live in the sun? Whereas people used to aspire to a second home in a seaside resort, thousands are now looking further afield to find their dream lifestyle.

    It’s a seductive image – sunny weather, relatively cheap property, and with low-cost flights running several direct flights a day from the UK and easy to get to. You may want to retire to the Med, or you may want a holiday home with sunshine virtually guaranteed. Either way, the market i...
  • What Is A Reverse Mortgage Good For?  By : Codi Morieta
    A home loan that you do not have to pay back for as long as you’re alive or for as long as you live there? That sounds too good to be true, but that’s what reverse mortgages do.

    A reverse mortgage is a loan that you make where you do not have to pay back anything for as long as you still possess that property you have purchased. Reverse mortgages provide you with cash which you can use for other investments. By turning the value of your home into cash, reverse mortgages gi...
  • Mortgages. The Return Of The Mega-Mortgage.  By : Michael Challiner
    With the housing market is now showing marked signs of recovery, especially in the South and London, the number of homeowners mortgaging for more than £500,00 is increasing. (Also see Latest Market Facts at the end of this article.)

    Previously, prospective borrowers for these mega mortgages have experienced a mixed reception from the lenders – sometimes the lenders would provide the facility but viewed them as higher risk. For that reason lenders typically charged a premiu...
  • Flexible Mortgage Guide  By : Peter Kenny
    In today’s ever-changing world, people need more and more flexibility when it comes to borrowing and mortgages. With this in mind, more and more lenders are offering what they term as ‘flexible’ mortgages. However, the term ‘flexible’ can mean a lot of different things. If you are unsure about which mortgages are flexible and what the benefits of a flexible mortgage are, then this article might be helpful to you.

    What does flexible mean?

    Although there are a lot of mort...
  • The Best Mortgage Deal Ever?  By : Joseph Kenny
    From a cursory survey of websites and brochures, you’ll see a myriad of different types of mortgage. The mortgages explored so far are a basic overview – you’ll find any amount of types – some combining several features and with added incentives to tempt you.

    Basically, if you can imagine a mortgage, it probably exists. So, after doing your homework and boning up on mortgage terminology, how do you finally choose? Which deal is the best on the market today?

    The truth is...
  • California Home Mortgage Companies – How Much House Can You Afford?  By : Carrie Reeder
    Because of rising home prices, many homebuyers are forcibly purchasing homes they cannot afford. While many are able to handle the mortgage payments, they are unable to keep up with utilities and other household expenses. There are ways that you can avoid being “house broke.” Before applying for a home loan, it is wise to consult a mortgage professional and determine how much you can realistically afford to spend on a new home.

    Live Within Your Means

    To receive the most...
  • California Home Loan Company – Applying For A Mortgage Loan Online  By : Carrie Reeder
    Applying for a mortgage loan online saves you both time and money, especially if you live in California. With mortgage lenders competing for your business, you are more likely to find reasonable rates. Lenders, approved by the California Housing Finance Agency, can also provide access to government programs to help you buy a home.

    Looking Online For Your Local Lender

    One of the many benefits of looking online for your mortgage is that you have so many more choices when ...
  • Spanish Mortgages Explained  By : Joseph Kenny
    Does the thought of negotiating a property deal in Spanish bring you out in a cold sweat? The complexities of mortgages are confusing enough; let alone considering a different language and legal system.

    Never fear though, as there are experts who can guide you through the process and do the negotiating on your behalf. Most will speak fluent English, and have a thorough knowledge of the Spanish market and house-buying process. As it has become more and more popular to buy a...
  • Online Mortgages – Get Wise To The Web  By : Joseph Kenny
    The boom in online banking and the success of some of the bigger online banks looks likely to revolutionise the way we manage our finances. Mortgages are no exception – now that virtually all lenders have an online presence and many will allow you to access your account on the web, new innovations are making mortgages ever more flexible and can offer fantastic deals for borrowers.

    Finding information on the web is one of the easiest ways to compare mortgages. A good source...
  • How To Select The Home Mortgage That Is Right For You  By : John H. Rogers
    If you are seeking to finance the cost of a new home, then you may be faced with more than one home mortgage loan option, including those with various interest rates, payment terms and length.

    In order to select the right loan for you, you will first want to choose how many years you plan to live in the home that you intend to purchase. A conventional fixed rate home mortgage is typically designed for someone who intends to live in that home for at least 10 years. The fixe...
  • How To Find Wholesale Mortgage Lenders  By : Stu Pearson
    Some mortgage bankers and portfolio lenders are also wholesale lenders that deal with mortgage brokers, sometimes exclusively.

    Most mortgage lenders have both wholesale and retail departments. Mortgage brokers prefer to obtain wholesale rates and then mark up these rates by adding points, presenting the borrowers with quotes that are similar to what borrowers could obtain directly from a retail lender. Mortgage brokers are free to set whatever prices they want, and have di...
  • How To Find A Home Mortgage Lender  By : Stu Pearson
    Looking for a home loan? In searching for a home loan, there are three providers which you may choose from an officer at a bank, other lending institution or you may turn to a mortgage broker. Whichever provider you choose the end result is just the same and that is you get to have a new house.

    Loan officers are actually employees working in a bank, a credit union or lending institution who work to sell and process mortgages and other loans. They offer a wide selection of ...
  • Top Choices Of Houston Mortgage Brokers  By : Stu Pearson
    A brokerage, in financial terms, is a company that processes – or brokers – the transaction between an equities trader and a major equities exchange. A broker is also the party that mediates between a buyer and a seller, acting as a principal party in the deal.

    In the past, banks and other lending institutions handled their own loans. But as the mortgage market has grown in size and competitiveness, mortgage brokers have become more common. In fact, in most markets, mortga...
  • Top Five Mortgage Companies In Houston  By : Stu Pearson
    There are many reputable mortgage companies in Houston, Here are the top five:

    • 1st Texas Mortgage Company
    This full service mortgage lenderoffers hundreds of programs for mortgage loans. Their websites and local offices provide services mortgage clients. Whether you're a first time buyer or an experienced investor, the 1st Texas Mortgage Company has programs that will suit you. They specialize in helping those with lower than average credit.

    a)First time buyers – the...
  • Adjustable Rate Mortgages- Time Bombs Ticking  By : Jim Grayson
    Over the last few years, thousands and thousands of homeowners have financed or refinanced their homes with ARM's, Adjustable Rate Mortgages.

    ARM's are mortgages that are tied in to lower interest rates in the beginning so that many homeowners can afford their monthly payments. As long as interest rates stay even or go lower, the home owner is fine. The danger comes when interest rates start to rise. Monthly payments can go up hundreds of dollars when the interest rate/pay...
  • Tracker Mortgages – Are They Worth The Gamble?  By : Joseph Kenny
    How well do you know the money market? A tracker rate mortgage has a variable rate, usually a set percentage above or below the Bank of England’s base rate. The arrangement is for a specified period of time, generally the first few years of your mortgage. Your monthly payments will move up and down according to the fluctuations of the base rate.

    One of the advantages of a tracker is that your interest rate is ‘tied’ to the Bank of England’s, not your lender’s SVR. This mea...
  • Interest Only Mortgages  By : Joseph Kenny
    Interest only mortgages have become more and more popular in the past few years – probably as a result of the rise in house prices. With this type of loan, you pay off only the interest, so that your monthly repayments are lower than they would be with a capital repayment mortgage.

    At the same time, you invest money in a separate savings scheme, and at the end of the term (usually 25 years), use the investment from the separate scheme to pay off the capital cost of your ho...
  • Self Certificate Mortgages – Prove Yourself!  By : Joseph Kenny
    Bank managers are probably the most risk-averse individuals you are likely to meet – without proof of a regular salary and sound financial track record you may presume a frosty reception when you ask about borrowing. However, there are options available for people who don’t conform to the norm.

    If you are self-employed or have an erratic income, you can consider a self-certified mortgage. As the overall mortgage market has become more flexible and competitive in the past f...
  • Fixed Rate Mortgages – Know Your Rate!  By : Joseph Kenny
    Nothing is ever certain in the world of finances, and there’s no way of predicting how the market will change in the future. However, if you want to be able to plan your budget precisely, then a fixed rate mortgage might be the right option. The repayments will be fixed for a set period of time – usually between the first one and five years of your mortgage, so you can be sure that any rises in the interest rate will not affect you. The term the rate remains fixed can be as l...
  • Mortgage Lenders – Making The Right Choice  By : Joseph Kenny
    Walk into any high street bank or building society and mention that you’re looking for a mortgage, and you’re likely to be bombarded with leaflets, if not hurried into a private office to meet their mortgage advisor.

    Mortgages are big business – and every large financial institution will offer several types of loan for buying property. It’s a good idea to check out as many different lenders as possible before making a decision – experts repeat the phrase ‘shop around’ like...
  • Variable Rate Mortgages – Setting The Standard  By : Joseph Kenny
    Here’s the first mortgage term you should learn – Standard Variable Rate, or SVR. This is the interest rate you will be paying on the total amount you are borrowing. It is usually expressed as a percentage, and is different from an APR (Annual Percentage Rate). An APR includes all costs associated with the loan, such as interest, fees, any compulsory insurances etc.

    While interest rates can vary quite widely across the board, all lenders will have a Standard Variable Rate....
  • Finding The Right Mortgage Company  By : James Calvin
    There are several mortgage companies that offer a rich array of loan products of services. Below is short list of these mortgage companies.

    Fannie Mae Mortgage Company

    An industry giant, Fannie Mae Mortgage Company is one of the leading companies that offer home loans. The products and services of this mortgage company make it possible for low-, moderate-, and middle-income families to buy homes of their own. Since 1968, Fannie Mae Mortgage Company has helped more than ...
  • Mortgages. Big Changes In The Buying And Selling Of Houses.  By : Michael Challiner
    On June 1 st 2007, the law concerning the buying and selling of houses changes. From that date onwards everyone who wants to sell a house has firstly to prepare a Home Information Pack (HIP).

    And if you don't? You're in the frame for a £200 fine! It's also probable that estate agents will also insist on you having the Pack ready by the time they put your home on the market. Certainly, buyers' solicitors won't do a thing until you provide the Pack. All in all, you don't hav...
  • Mias Calls On Mortgage Lenders To Fix Their Exit Fees  By : Mr Hanna
    MIAS, the Mortgage and Insurance Advisory Services ( ), is concerned that, despite the recent publicity and various campaigns in the press, borrowers are still being stung by punitive exit fees.

    Lenders charge exit fees when customers redeem their mortgage in full, for example, by switching their mortgage to a rival lender. Exit fees can also be termed administration charges, sealing fees or deeds-release fees and are raised to cover the cost of ta...
  • Can I Pay My Mortgage With A Credit Card?  By : Ryan J Bell
    Yes you can. There are two ways to make a mortgage payment with your credit card.

    The first way is to use the convenience checks that credit card companies send out every so often. These checks work like those you would write from a checking account, but they draw against your credit rather than available bank funds. You can write, sign and mail these off to mortgage companies.

    The second way is to use an online billpay feature (such as the type available at MBNA). This...
  • Mortgages. The Pitfall Of Interest Only Mortgages.  By : Michael Challiner
    In the first three months of 2002, just 9% of all new mortgages were taken as interest only - but by the last quarter of 2005, the figure had risen to 23%. And amongst first time buyers, the figures rose from 6% to 15%. (Source: Council of Mortgage Lenders.)

    The reason is obvious. It's down to family economics. With an interest only mortgage, the monthly repayments only repay the ongoing interest so your monthly repayment is low. Repayment of the capital borrowed is delaye...
  • How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage  By : Keith Choy
    When it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line. Let’s start on a positive note, you could do what most borrowers do and opt for the reverse mortgage line of credit. Just think about how you would then be able to draw on the loan whenever money is required for daily living expenses, medical bills, prescription costs, home repairs, etc. This could really enhance your retirement years in later years.
  • Finding The Best California Home Loan  By : Oliver Turner
    California is one of the best areas in the United States to live and people often want to buy property there. Hence, to meet the needs of homebuyers California home loans are always available.

    California mortgage rates are becoming popular with time, so it is very important to know more about California home loans.

    The ambition of “California home loan” is to provide you low mortgage rates and home loans at a lower interest.

    If you are going to apply for a home loan,...
  • Reasons Why County Court Judgments Affect Mortgage Acquisition  By : Central Mortgages
    Those individuals living in the UK may be familiar with the term county court judgments, or ccjs. A ccj is a court judgment which is registered against an individual for any number of reasons. The ccj is basically the court stating that an individual failed to pay a debt and has received a monetary judgment against them. Many lenders and business entities will research the ccj registry to see if an individual is on it prior to lending them money or credit. There are many reas...
  • General Information Regarding Self Certification Mortgages And Remortgages In The UK  By : Central Mortgages
    Self certification mortgages and self certification remortgages are useful financing options for those individuals looking to buy a new home or obtain a new mortgage in the UK. Those individuals who will find a mortgage of this type most useful are those who are gainfully employed yet may have a difficult time showing where the money comes from and how much money they receive on an annual basis. Examples of individuals who may experience this problem include those who are sel...
  • General Information Regarding Mortgage Problems In The United Kingdom  By : Central Mortgages
    Mortgages are a common real estate means for individuals to finance the purchase of their home. Mortgages can be issued to those who buy new homes or for those individuals who already own homes yet wish to obtain a different mortgage known as a remortgage. Although many individuals are able to obtain mortgages without issue, there are quite a few who have trouble obtaining mortgages and remortgages and examples of these financing problems will be discussed in the paragraphs t...
  • Canadian Mortgage Rates  By : Carl Graeber
    In today’s market, renters and even homeowners in Canada are seized by the desire to save enough funds for down payments. The reason is simple. Canadian mortgage rates are going down and real estate prices are in full swing.

    To cover the heavy demand for more mortgages, lenders have adapted flexible techniques, like lowering down their Canadian mortgage rates and coming up with new products all the time.

    A traditional Canadian mortgage rate would be a loan requiring the...
  • Housing Market Cools But More Needs To Be Done To Assist Buyers  By : Mr Hanna
    The figures show that house price inflation slowed to only 0.1% in April, significantly slower when compared with a 1.1% increase for March, and the annual house price change fell to 4.8% in April from 5.3% in March, leading to an average UK house price increase of £1490 to £163,573, from £162,083, up by nearly £7,500 more than at this time last year. This is equivalent to a price increase of more than £20 per day over the last twelve months.

    According to Nationwide's Grou...
  • Cheap Mortgage Rate  By : Danny Wirken
    Must-Ask Questions When You Get Your Mortgage

    Whether you're buying a house or refinancing, there is more to a mortgage than the rate. Here are eight questions to ask while mortgage shopping. You'll have to ask yourself some of these questions; others can only be answered by mortgage professionals and insurers.

    How long do I plan to stay in the house?

    That's often a hard question to answer. Try anyway because a lot of your decisions depend on the answer.

    The answe...
  • California Home Loan Information  By : Oliver Turner
    It is not very easy to choose the right home loan from the varied number of options available in the market with different benefits and different rates. You can get help and information from any mortgage broker, bank or credit union. Nevertheless, they all work with the traditional financing and avoid offering loan to people with credit problems. But if you are residing in California, you are lucky for you get better options at “California home loan.”

    California home loan ...
  • Mortgages. Exit Fees To Be Capped.  By : Michael Challiner
    In the last 3 to 5 years we have seen rises of up to 450% in the exit fees charged by lenders when borrowers redeem their mortgage. But at last the Financial Services Authority (FSA) ha seen the light and is going to crackdown on these increases.

    Lenders have been telling new borrowers about the exit fees currently charged, but the lender has retained the right to increase those charges at any time and without advising borrowers. This amounts to a free hand to increase the...
  • First Time Buyers Mortgage Application Checklist  By : Joseph Kenny
    If you have a dream about owning your own home and applying for a mortgage then you may be a bit nervous at the present moment. While having your own home is the American dream the high prices involved can be overwhelming. In addition to this, many lenders will be more concerned with earning a profit than with helping you find a home that matches your income. Below are some steps you can take to properly apply for your first mortgage.

    Applying for a mortgage used to be sim...
  • Reverse Mortgages - Get The Money You Need - Part 2 Of 4  By : Ken Black
    To recap part 1, Reverse Mortgages are loans that allow you to borrow back the equity in your home. If you are 62 years of age or older, they are a way to borrow against the equity in your home to provide you with tax-free income. Probably a good idea if you're a senior who needs cash for medical care, to maintain your standard of living, or for other reasons.

    So, what are some of the disadvantages of Reverse Mortgages?

    - They are even more complicated than conventional...
  • How Lender's Set Mortgage Rates  By : Jason
    Ever wonder how lender's come up with the rates they do? You can stop wondering, cause I'm going to tell you how. We all answer to a higher mortgage rate power, namely the secondary market. The secondary market is where Fannie Mae, Freddie Mac, and other mortgage lenders ply their trade. These government founded agencies purchase the loans that lenders make, then either hold them in their portfolios, or bundle them with other loans into mortgage-backed securities. Those secur...
  • Five Ways To Benefit From Free Mortgage Loan Calculators  By : Art Turner
    An astonishing 80 per cent of home buyers now conduct at least part of their home search on the Internet. In response to this influx of surfing home buyers, there is now a large number of free mortgage loan calculators available online. All of these calculators share basic core functions and some of them include additional features. But they all can provide valuable insight as you navigate the home mortgage process. Let's take a look at some of the different types of free mor...
  • Basic Mortgage Terms  By : Joseph Kenny
    If it is your first time applying for a mortgage, there are a number of terms you should know. Educating yourself on the various mortgage terms you will run into will help you make better decisions when deciding which home you want to purchase. When you sign a mortgage contract, your home is used for collateral and it is your responsibility to make sure your payments are made on time each month.

    The first term you should know is principal. The principal is basically define...
  • What Are Bad Credit Mortgages  By : Joseph Kenny
    The primary difference between a bad credit mortgage and a normal mortgage is that a bad credit mortgage is typically given to people who have a history of bad credit. Many people end up with bad credit due to bankruptcy, not making loan payments, or other issues. Others are taken to court or have been reported to credit agencies. These mortgages are also known as credit impaired mortgages or a poor credit mortgage.

    Because the competition between banks is fierce, many ins...
  • Balloon Mortgages Explained  By : Joseph Kenny
    A balloon mortgage is a loan that is provided for a short period of time for a set amount of money. Balloon mortgages will often involve periodic payments that are made at a fixed interest rate. During this period, the loan may not be amortized. The balance of the loan has to be paid in full at a specific time.

    Another feature of balloon mortgages is that they will combine many of the features seen in adjustable rate mortgages and fixed mortgages. The interest rate will re...
  • Who Wants Low Mortgage Rates?  By : Rene Graeber
    Who doesn’t want low mortgage rates? A low mortgage rate means spending on monthly payments during the course of a mortgage. A low mortgage rate can save homebuyers like you several thousands of dollars. A low mortgage rate means having more funds to spend on investments that might prove profitable.

    Despite the reported increase of previously low mortgage rates, rates today are still low enough to consider a mortgage refinance for your home. The Internet provides you with ...
  • Reverse Mortgage Information  By : Larry A. Johnson
    Getting older without much hope of attaining a strong financial situation can be stressful. But there are ways to to overcome shortcomings in your finances, one being the reverse mortgage.

    The first question that needs to be answered is "what is a reverse mortgage?" A reverse mortgage is a specific type of loan used by older homeowners who have built up some equity in their home. It is a method of acquiring cash from their home, manufactured home, town home or condominium....
  • Reverse Mortgages - Get The Money You Need - Part 1 Of 4  By : Ken Black
    Reverse Mortgages are loans that allow you to borrow back the equity in your home. Just as you once paid the bank, the bank now pays you. Isn't that a nice change?

    If you are 62 years of age or older, they are a way to borrow against the equity in your home (the value of your home minus any mortgage debt you now have) to provide you with tax-free income. Seniors struggling because of falling retirement account balances and increases in the cost of medical care are looking ...
  • Mortgage Calculators Confusion!  By : Gerald Mason
    When you first start using a mortgage calculator such as Karl Jeacle's Graphing calculator, you might easily get confused, especially if you are new to the world of buying property. The sliding scales on this calculator aren't what some people are used to seeing.

    Most people are used to typing their numbers into boxes with familiar features. But don't be dazzled only by the graph, boxes are still available further down the page so that you can use numbers instead of the sc...
  • Mortgage Calculator Reveals Big Savings With Small Payments  By : Gerald Mason
    Having agreed on a monthly payment schedule with your mortgage lender doesn't necessarily set that amount in stone - that's just the minimum you can pay! By playing with a mortgage calculator, particularly a pre-payment loan calculator, you can see where extra payments can make long-term savings on your mortgage.

    The mortgage calculator will quickly show that you don't have to pay large sums of additional cash in order to make a difference. Even regular smaller sums can g...
  • Decision With A Mortgage Calculator: When To Foreclose?  By : Gerald Mason
    One of the best places, you hope, to sink your capital for a good return is in real estate. However, when you provide the financing for someone to purchase their own home, your capital is tied to their ability to pay back the loan. If they start to miss payments, then you need to start considering your options. A mortgage calculator which specializes in foreclosure loss helps you to decide when the time is right for starting action against the homeowners.

    In theory, if you...
  • Using A Mortgage Calculator When Going For A Refinance  By : Gerald Mason
    When you have a number of debts that are starting to create a financial problem each month, debt consolidation can provide ease for your life and mind. Tools such as a mortgage calculator mean that you can have some idea of whether refinancing your home is a possibility.

    Consolidating your debts into one payment may seem like the answer to your prayers. But you need to be completely honest when using the mortgage calculator so that you get an accurate financial picture. Re...
  • Mortgage Calculator Hopes: The American Dream  By : Gerald Mason
    A family and a home of my own. These are the dreams of millions of little girls. The harsh reality of adulthood can push those dreams done. Many times it's just because there seems no way. A mortgage calculator can crunch the numbers fast and show what it really takes to into a home. Savings, time and planning can make it happen.

    A mortgage calculator is simple to use. You just fill in the right bits of information, and then ask it to calculate the end result. You already ...
  • Use A Mortgage Calculator To Guide Your Home Equity Loan Decision  By : Gerald Mason
    The difference between a home loan and a home equity loan lies mainly in that the home equity loan, also known as a second or even third mortgage, is issued at a higher interest rate. This interest rate is lower than you could expect to pay on a credit card, but it will be still higher than the original interest rate.

    Use a home equity mortgage calculator to see what releasing different percentages of your equity makes to the payments required. The mortgage calculator the...
  • Reverse Mortgages Evaluated With A Mortgage Calculator  By : Gerald Mason
    If you are like most retired adults, you own a home but have very little else for retirement. However, if you sell your house, you won't have a place to live! So here's your problem: you need money to live on, but the only thing that you own of value is the place you live.

    A reverse mortgage can give you the answer this retirement dilemma. This option sells your house a piece at a time, instead of all at once. Also, you get to live in your home. You can use a mortgage calc...
  • The Source Of Mortgage Money  By : Patrick Schwerdtfeger
    Where does mortgage money actually come from? When you get a $500K mortgage, who actually writes the checks? Most people have no idea. Does it come from a bank? Does it come from the government or some large quasi-governmental agency like Fannie Mae or Freddie Mac? It all seems so confusing and the numbers are so big that they become abstract. But an understanding of where the cash comes from is the first step to understanding how the mortgage industry operates.

    You can ef...
  • How A Mortgage Calculator Can Make Your Annual Bonus Count  By : Gerald Mason
    An annual bonus can be a wonderful windfall at the end of the year to do with as you please. It could go into savings, a special purchase, paying down your credit cards or into your house as a prepayment on your loan. When your mortgage is calculated, either fixed or adjusted, you are told how much to pay on a monthly basis.

    However, a mortgage calculator that specializes in additional payments will show it can be very much in your favor to consider this using your bonus a...
  • How To Choose The Best Mortgage  By : Joseph Kenny
    A mortgage is a financial investment which involves a large amount of money, and it is important for you to do your research before deciding which company you want to go with. While many mortgage professionals are honest, they are looking for a large commission in helping you obtain a loan, and will often look out for the best interests of their job rather than you. Because of this it is important to take the steps necessary to insure you get the best possible deal.

    How Is...
  • Mortgage Length – Calculating Which Is Best  By : Joseph Kenny
    For many people, purchasing a home is one of the largest and most important investments they will make after their education. It is important to make sure you choose the right mortgage, one you will be able to pay off within a reasonable amount of time. You also want to make sure you choose a mortgage which has the right length of time.

    The length of your mortgage should depend on your financial circumstances. It should also depend on your future goals. How much can you af...
  • Buy To Let Mortgages. Boom Time Returns.  By : Michael Challiner
    After last years crisis of confidence the buy-to-let market is again booming. Earlier worries that interest rates were on the up and property values would crash are firmly behind us. So, fuelled by rising rental yields confidence, landlords have been snapping up new properties and remortgaging for cheaper deals.

    In the final three months of last year, rental incomes increased by an average of 3.3%. At the same time the rental yield, income as a percentage of the property'...
  • Mortgages. Higher Lending Charges Are Outrageous.  By : Michael Challiner
    After you scraped together a modest deposit for your new home you may think you're home and dry. Think again. On top of there's the surveyors and solicitors to pay. Then the government want a slice. You've got to pay stamp duty at 1% of the property's price (if the house costs more than £250,000 the rate of stamp duty increases – see the information at the foot of this article). Phew! You're lucky you'll just make it – you'll be a homeowner at last!

    Then out of the blue t...

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