5 Tips to consider before you take a Mortgage
After years of overbuilding, over-investing, quick-flipping, and credit over-extension, we are now facing the real estate crisis – a crisis which has been created due to our own faults. As a result,...
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What happens when a mortgage is paid in full?
If you are among the lucky few to pay off your mortgage in full, you must be thinking -”What now? Will I be getting a letter stating that my loan has been paid in full? Will the lender hand over the...
View ArticleCan your mortgage disappear?
Your mortgage can disappear – sounds too good to be true, isn’t it? But, it can be true if you are lucky enough. If your lender is unable to find your mortgage paperwork, he will not be able to prove...
View ArticleWalking away from mortgage – How will it affect you?
With the crisis in the real estate market, the American dream of homeownership has come to an abrupt end. Lots of people have lost their homes in foreclosure and many more are delinquent on their...
View ArticleAdjustable Rate Mortgage – Are they dead?
Before discussing whether or not the adjustable rate mortgage (ARM) is dead, let’s first check out what ARM is all about. We can define an adjustable rate mortgage as a home loan wherein the interest...
View Article3 Prime sources of mortgage loans
Mortgages play a key role in personal finance. Mortgages are used to make some real purchases. Countless mortgage lenders are also available at the market place. Before taking out a mortgage loan, you...
View ArticleFollow 4 easy steps to select a mortgage lender
Owning a home is a long cherished desire of many of you. Right home purchase depends upon the careful selection of a mortgage lender. Here we briefly discuss about some tips which will help you find...
View ArticleChoosing a credible real estate agent is very important
For dealing with real estate matters, quite often you need to hire a real estate agent. Choosing a right type of real estate agent is very important in the mortgage process. You need to look for a real...
View Article4 reasons that make refinancing sensible
The underlying aim of mortgages is to help borrowers own their desired homes. One smart innovation in the mortgage market is the opportunity of refinancing. Refinance actually help you the borrower...
View ArticleMortgage rates: Hovering around record lows
The mortgage rate is showing a declining trend in recent times. The average rate on the 30-year fixed rate mortgage touched record low. In fact, the mortgage rate reached the lowest level since past 6...
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Demythifying the 10 most common mortgage myths
When it comes to something as complex as mortgage, it’s not surprising that there are numerous myths associated with this financial product. Are you someone who believes that you can’t borrow money to...
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Stripping second mortgages and junior liens in bankruptcy – The nitty gritty...
When you file bankruptcy under Chapter 7, you can’t get rid of second mortgages, HELOCs (Home Equity Lines of Credit) or home equity loans. Nonetheless, due to few bankruptcy cases coming out of the...
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The driving force behind the easier mortgage lending standards in the country
Good news for the prospective homebuyers in the country. Lenders are finally ready to ease the strict lending standards enacted post economic downturn and subprime mortgage disaster. The strict lending...
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Describing the basics of PMI – Is it really essential for the home buyers?
In mortgage industry, the term Private Mortgage Insurance is quite familiar to all. Potential borrowers seek help from a financial firm to own their dream home. While getting that help, people facing...
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Unmasking the most common misperceptions on foreclosure – Throwing light on...
Separating myths from facts can be difficult, especially when you’re faced with conflicting and contradictory information about foreclosures and the foreclosure realty market. Whether you want to start...
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How home renovation cost be channelized through loan programs to save your...
Buying a home is one of the most desired dreams of an individual. People put all their efforts & lifetime savings to get a proper living place for their family. But their responsibilities will not...
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9 Dirty tricks real estate agents and lenders use to rob you
In today’s competitive housing market, it is very difficult to find a decent home. If you are lucky enough to find one, the next important thing is to get help from a real estate planner & arrange...
View ArticleJPMorgan backs away from mortgage lending to risky borrowers after a bitter...
JPMorgan Chase & Co has stopped issuing mortgage to borrowers with poor credit rating. The second largest mortgage lender in the nation is pulling back from offering home loans to risky borrowers...
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Common Mortgage-terms you should aware of being a first-time home-buyer
Buying a new home is one of the most confusing and difficult tasks a person can handle in his entire life. Every person wants to get a perfect living place for his family along with other comforts. And...
View ArticleHome buying tricks to snag the best deal on a mortgage in 2014
Time and tide wait for none. The clock is ticking for the homeowners and the homebuyers who want to grab a low mortgage rate in the year 2014. After a long period of record-low interest rates, the...
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