Thinking Of A Mortgage Loan Modification? Evaluate Your Current…

Homeowners have different reasons why they need a mortgage loan modification. Many are prompted to apply for a new loan because of lower interest rate. Some are changing from adjustable rate to fixed rate. Others want to tap the equity of their home for home improvement, take a vacation or pay for college tuition.But whatever it is, mortgage refinancing provides an opportunity to save money. But how will you know if you can really save by refinancing your current loan. [more...]

Date: 2009-09-29 17:48:03

Blog posts (49) | Videos (104)
 

Sacramento New Homeowner Tax Tip

Hey, congratulations on buying a home or condo this past year.   Do you know what is deductible on your taxes if you are a new homeowner? ... points on the same loan would be $2250. On VA and FHA loans, points are often broken down into two ... can deduct points used to obtain a mortgage loan when buying a home or condo, mortgage interest paid [more...]

Date: 2009-01-05 13:00:45

Study: Americans Overwhelmingly Demand Simple Communications

Siegel+Gale recently completed a year long study of 1,214 American homeowners and investors that shows huge demand for simple, ... in the current financial crisis. Moreover, 63% of those surveyed feel that “banks, mortgage lenders ... interest in taking out a loan, and a 63% increased interest in applying for a credit card [more...]

Date: 2009-01-14 17:11:03

When is a 5.5 Percent Mortgage Rate Really a 3.96 Percent Rate?

It’s income tax season again ... , but it will suffice for a rough estimate.  Seek out one of many online mortgage calculators to assist ... of mortgage interest tax deductions is one reason why loan officers make reference to “after-tax mortgage [more...]

Date: 2009-01-14 19:45:51

Home Mortgage Loans Tips

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you. There are also a number of reasons to why homeowners would want to refinance their home mortgage, and that includes: obtaining a fixed interest rate, eliminating private mortgage insurance [more...]

Date: 2009-01-04 08:08:21

Vital Pieces Of Mortgage Loan Modification Advice |…

Who doesn’t want to be relieved of paying a high interest rate in a monthly basis? The goal of home mortgage loan modification all about saving money. It is actually an option preferred by several homeowners. Continue reading here: Vital Pieces Of Mortgage Loan Modification Advice |… [more...]

Date: 2009-09-29 17:48:03

Refis

On the eve of the closing for my refinancing, I notice this from the W$J: ... ). Now I understand why: Only about a third of U.S. mortgage debt outstanding is likely to qualify ... Interest rates on fixed-rate mortgage loans for prime borrowers have fallen to below [more...]

Date: 2009-01-15 16:42:15

When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

A Brand New Mortgage Calculator Widget

For the real estate professionals and web publishers out there — we now have another widget that you can utilize to quickly and easily add great ... visit Zillow Mortgage Calculators to see this content. Get custom loan quotes — anonymously Zillow ... current rate to plug in. Most mortgage calculators list 6% as the default interest rate, but mortgage [more...]

Date: 2008-10-03 19:13:56

Keeping Your Mortgage Interest to a Minimum

When it comes to buying a home and taking out a mortgage, the fact is that the interest you pay will likely be your biggest expense ... things you may not have thought of. Before applying for a loan, many people close credit card ... their lowest interest rates for those with the very best credit scores and credit histories [more...]

Date: 2009-01-15 02:50:33

Loan Calculator Tips To Save You Money

by Kimberly Eaves This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-19 23:08:59

Loan Calculator Tips To Save You Money

by Robyn Eagan This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-24 17:59:37

Re: Edwards to speak publicly again

Senator John has been a modern day Paul Revere. I remember his July 2007 Coopers Union speech where he tried, oh so gently, ... national laws protecting us against the worst abuses in credit markets predatory mortgages,abusive credit card terms, and payday loans with interest rates of 300 percent or higher. Finally [more...]

Date: 2008-11-11 06:22:53

Home Prices May Be Nearing Bottom, Bank Equities to Follow?

I remain optimistic that housing is nearing a bottom ... traffic. Add to the fall in prices, the recent sharp reduction in 15 and 30 year mortgage interest rates ... news about loan losses. In my judgment, most banks in the US have been trying to get out ahead [more...]

Date: 2009-01-14 07:24:00

Subprime Containment Theory Was a Lie

Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans ... was the negative amortization loan. The loan balance can grow each month as the deferred interest is added ... they have not been widely exposed to these loan types. An adjustable rate mortgage resets to a different [more...]

Date: 2009-01-14 03:59:54

WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?

Related posts:Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early For most Americans, mortgage interest paid on a home loan...Shopping for a low rate mortgage for your Danville real [more...]

Date: 2009-01-16 04:23:28

Top Ten Things to Know if You’re Interested in a Reverse Mortgage

Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first ... that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan [more...]

Date: 2009-01-15 19:53:15

The reset that only partially barks?

By Fester: Alt a august 2008 Last August, I wrote that we should expect to see a tremendous number of Alt-A and prime mortgage problems similar ... mortgages. Two things would work to create payment shock in my implicit model.  The first is loans would stop being interest only and become fully amortized loans where there are principal payments [more...]

Date: 2009-01-14 19:20:04

Is a reverse mortgage a good thing??

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]

Date: 2009-01-06 22:24:09

Loan Calculator Tips To Save You Money

Imagine the next time you join a discussion about simple loan calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-18 09:47:43

Bad credit mortgages

by Mary Bush A bad credit loan mortgage is a way of purchasing a house, even with a poor credit score ... Consolidation News Best Tips to Manage and Eliminate your Credit Card Debt ... interesting residential property acquisition program. No credit is needed, no banks are involved, and most [more...]

Date: 2008-12-22 16:39:25

Appraisals

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay ... that a bank loan is involved — the lender’s appraisal. To protect the interest of their investors, the buyer’s mortgage lender hires a licensed appraiser to give an independent, objective opinion [more...]

Date: 2009-01-16 01:05:51

My First House: Then and Now

“Cautious Buyer” asks this question on my post the other day when I referenced that my first house had a rate of 11% during the comments: ... costs. Base loan amount = $213,400 plus upfront mortgage insurance @ 1.75% = $217,134. Interest rate [more...]

Date: 2008-10-19 22:17:48

Amazing Breakthrough Lowest Mortgage Interest Rates Available Today?

Are You Eligible For The Lowest Mortgage Rates Advertised Today? ... to a cheaper loan or another lender? Securing the top mortgage rates is more than just looking [more...]

Date: 2009-01-13 14:07:01

Is a Home Equity Second Mortgage Right for You?

Second mortgage Home equity loans are an extremely popular source of credit. Lenders offer dozens of varieties of loans making it very easy to tap the equity in your home ... equity lines that come with fixed interest rates. Many lenders charge upfront fees and large amounts [more...]

Date: 2009-01-14 08:44:29

US Interest Rates Zero to 0.25% and soon 4.5% US mortgages

Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]

Date: 2008-12-16 20:29:22

Countrywide Admits to Puffery in Advertising

Interesting admission from Countrywide regarding those claims of working to modify loans for homeowners. From MSNBC: In marketing, advertising and testimony before Congress, Countrywide Home Loans ... (Arizona Mortgage Guru). This Feed is for personal non-commercial use only. If you are not reading [more...]

Date: 2009-01-15 20:05:38

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

Property expert: Can I lend or donate money to my children?

Q I am over 70 and have at least £100,000 in an e-savings account, as well as £35,000 in fixed-rate bonds ... to reduce their outstanding debts, but would it be better to concentrate on the fixed-term loan ... at a rate of interest that is lower than that they are being charged by their mortgage lenders [more...]

Date: 2009-01-14 00:10:01

What is a reverse mortgage?? Do I want it?

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds like a strange thing ... is so these questions can be answered. The name is somewhat misleading. A reverse mortgage is a loan ... citizen’s income. The amount depends on the homeowner’s age, equity of the house, interest rate [more...]

Date: 2009-01-10 00:52:47

Mortgage Rates for Friday Afternoon

Compared to the past few weeks, this week seemed a little more calm with regards to mortgage interests rates.  30 year fixed hung around 5.875 - 6 ... are offering free “float downs” once rates are locked due to this volatile market.  If your loan ... out of that market or repricing that segment in advance of new loan limits.  It’s an odd limbo time for [more...]

Date: 2008-11-14 22:14:30

Debt Consolidation: Will It Help Me?

We are in uncertain economic times.Many are falling behind in mortgages, student loans, car payments and credit card payments ... clearly explains what bankruptcy, debt consolidation, third party credit counseling and debt settlement ... will negatively affect your credit score and cause an increase in credit card interest rates.One of the best [more...]

Date: 2008-11-30 20:48:00

Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?

Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]

Date: 2009-01-06 15:03:21

Debt relief Deals “attack on the confidence of consumers”

How’d you to your monthly credit card payments and loans - guaranteed? ... said Carol creditors can lower their interest rates. Carol, who can pay their credit card, mortgages ... rate or reduce the amount you are liable. But beware! Some of these programs are debt relief Scams [more...]

Date: 2008-07-18 10:38:03

How To Use Online Loan Calculators To Save Money

September 18, 2009 | By Nicole Bee In Finance | When you’re learning about simple loan calculators, it’s easy to feel overwhelmed by the sheer amount of relevant information available. This informative article should help you focus on the central points.How much interest can you save by increasing your mortgage payment? This financial calculator helps you find out. Keep in-mind that Private Mortgage Insurance is required when less than 20% down payment is made. [more...]

Date: 2009-09-19 03:38:14

How the Recession Affecting the Loans Market

If you are looking for a loan or line of credit be ready to be depressed. The fact is that even if you have a perfect credit history, you’re likely to be offered a smaller loan than you applied for at an interest rate far higher than you’d ever expected. And there are likely to be onerous conditions attached. Take homebuyers for example. Over the last 18 months, the number of mortgage packages on the market has fallen from 30,000 to just over 2,500. [more...]

Date: 2009-09-11 01:49:24

Are mortgage rates heading lower

As the stock market gains new ground investors are looking to short rates as a marker for future interest rates ... . As applications for home loans have actually seen an increase. This is a good sign for those who provide debt consolidation loans, as more people are now getting back into the market to look to lower [more...]

Date: 2009-01-10 13:42:54

A W4 Solution: Insulate US from economic and climate devastation

President Obama and Congress must act to stimulate the US economy with a package of win-win-win-win (W4) ... , 30-year) mortgage interest you in making your home carbon neutral? A three-percent loan to make [more...]

Date: 2009-01-14 16:03:56

Need to do some calculation to save some money?

Dollar Times have some interesting widgets to help you calculate your expenses ... . The site have financial calculator for coffee savings, gas savings, commuting cost, retirement, mortgage, millionaire, car loan, cigarette and many more. Below are couples of widgets [more...]

Date: 2008-07-08 10:09:53

Mortgage Pariahs

Mortgage Pariahs Remember the controversial story a few months ago, ... more and more debt that they never pay off. A recent article in the NYT highlighted how this once ... to pay less than the interest due on their loan each month, resulting in their never actually paying [more...]

Date: 2009-01-09 01:04:12

European Central Bank cuts key rate to 2% - MarketWatch

England and no interest loans, I think they just got a bit closer to that. But remember, it’s not going to happen in the United States! Tom Post from: Straight Talk About Mortgages and Real Estate [more...]

Date: 2009-01-15 13:30:24

STCU: Crisis Averted

I enjoyed this note from Spokane Teachers Credit Union to their members: “In the interest of full disclosure, STCU would like to announce that, ... in the midst of the national mortgage crisis, your credit union has had one bad home loan… the crisis was all over in less than an hour.” Perhaps a little horn-tooty, but I think many credit [more...]

Date: 2008-12-22 20:17:36

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

Interest Rates Drop Again…

Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]

Date: 2009-01-16 01:53:45

Should Mortgage Brokers be paid everything up front?

The following I read on Freakonomics blog. Blog reader Chris Harris raises an interesting question in an email to us: ... of discipline.) We’ve written in the past about my student Zahi (Itzhak) Ben-David’s work on real ... percentage of the value of the loan. This isn’t perfect either, but it might be a step in the right [more...]

Date: 2008-10-19 14:04:20

One in Ten Mortgages in Crisis: How To Make Smart Real Estate Decisions in Today’s Market

I couldn’t believe my eyes this weekend. I was watching CNN (no surprise), and as I was listening to the live coverage of O ... rate. I researched different mortgage loans. Plus, I was freelancing for a mortgage and loan website ... with an interest only home loan, we chose predictability over payment shock. Don’t “Splurge” [more...]

Date: 2008-12-15 18:18:27

10 big secrets of online retailers

10 big secrets of online retailers Listen to the insiders: Free shipping isn’t really free ... more flexibility on tax liens, home equity and other issues. Editorial Statistics Can your Mortgage ... reviews? Forget ‘em. Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Posted By : rateempire [more...]

Date: 2009-01-15 17:19:14

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