Calculate Risks Before Getting A Mortgage Refinance If you are thinking of mortgage refinance to bail you out of your credit woes, take an honest look at your financial circumstance. Even if you qualify for a loan, there are factors you should carefully consider or you may risk your family’s future. Can you afford the [...]

5 Fatal Mistakes We All Make That Drive Down Our Credit Scores Most people don’t realize that they can drive down their credit scores even if they have a near-perfect record of paying their bills. The five classic mistakes you need to avoid are: 1. If you are applying for a mortgage, never pay off [...]

Home Based Business And The Lemonade Rule With the subprime debacle in mortgage lending in 2007 both business as well as consumers began to take note that something had to change. The government got involved and pushed for help to be extended to those who may have already found themselves facing the potential of foreclosure. [...]

Why Should You Get A Capped Mortgage? Many people who get variable rate mortgages find that they can mix the security of a fixed rate mortgage whilst still having variable rates by getting a capped mortgage plan. If you are looking for a variable rate mortgage then you should seriously consider putting a cap on [...]

Dramatic Turn in Mortgage Rates The Freddie Mac's Primary Mortgage Market Survey released last week, showed that both the long term and short-term conventional mortgage interest rates are going to suffer huge downward turns. This was forecasted before Tuesday when Federal Reserve made half point rate cut. Though there is no direct relationship between the [...]

Low Interest Rate Courage Approximately 2 million homeowners, a majority being in minority neighborhoods, are at risk of losing their homes, either through default or by foreclosure. The housing bubble encouraged homeowners to apply for Adjustable Rate Mortgages (ARM’s). New homeowners were able to purchase “zero dollar down” properties, whilst existing homeowners re-financed, either to [...]

1st And 2nd Mortgage Refinance Loan - Why Refinance Both Mortgages? The hassle of making two monthly mortgage payments has prompted many homeowners to consider refinancing their 1st and 2nd mortgages into one loan. While combining both loans into one mortgage is convenient, and may save you money, homeowners should carefully weigh the risks and [...]

Beginner's Guide To Obtaining Mortgage Quotes Mortgage quotes are a dime a dozen. So are mortgage companies, running the whole gamut from legitimate brokers to fly-by-night lenders. To make sure you get the best deal and ensure you do not fall prey to unscrupulous brokers, learn basic mortgage terms and concepts. Mortgaging 101 Mortgaging is [...]

Bad Credit Mortgage Lender - What to Look For If you have less than perfect credit and are looking to get approved for a mortgage loan, be careful not to make some common, costly mistakes. When dealing with sub-prime mortgage lenders or bad credit mortgage lenders, many people are taken advantage of because of their [...]

Tips on How To Be a Likeable Loan Officer People try to self sell their homes to avoid the cost of a real estate agent. But when they come across people who put offers blindly and get stuck with low standard offers they go in search of a loan officer. As normal people are usually [...]