Consolidating Your Debt May Help You In A Tough Economy
by John Brennan The present difficult economy affects each of us differently ... . If you simultaneously have an auto loan, credit card loan, home mortgage and other lines of credit at retail ... of credit have been extended, debt consolidation can help the individual get their life and finances back [more...]
Date: 2009-01-13 08:15:18
Blog posts
(15)
|
Videos
(17)
Refinancing vs Line of Credit
Refinancing vs line of credit are two popular options you have when deciding the best way to take equity out of your home. Sometimes it makes sense to establish a line of credit. But in other situations it’s better to get a cash back refinance mortgage loan. You can find out which loan is best for your situation by doing some simple math [more...]
Date: 2009-01-09 03:29:21
How to Receive Money from Reverse Mortgage
by Mulroony Vanrock A senior gentleman called me last Friday ... we might loan on his home given it’s current value. I pulled out my supercomputer, punched ... a reverse mortgage line of credit. In this instance the mortgage company alots a loan amount. The borrower [more...]
Date: 2009-01-15 07:01:18
Barriers and Problems Refinancing a Home Mortgage in 2009
My quest to refinance my home mortgage continues. Rates are around 5.00% with no points for a 30 year fixed, last I checked ... with a maximum amount, similar a credit card. You don’t receive a lump sum, but rather withdraw ... for private mortgage insurance (PMI) or take out a home equity line of credit (HELOC). Private Mortgage [more...]
Date: 2009-01-14 11:00:51
Which is the Right Way to Cash Out of Reverse Mortgage
by Mulroony Vanrock I had an senior reverse mortgage prospect contact me last Tuesday ... is a very popular choice. Another important point to note about the line of credit is money sitting in the line of credit is accruing interest for the borrower’s favor thus increasing borrowing power over [more...]
Date: 2009-01-16 02:51:06
Credit Lines: Number and Length of Time Open
from an email: On a related note, I hope you might have some advice for us. My husband and I just sold our condo ... .) So we are spending a small part of the profit off the sale on retiring the only credit card debt we still ... house. However, with no credit card debt and no mortgage (and one car loan that will be paid off [more...]
Date: 2008-07-06 16:05:45
Who is to Blame for the Mortgage and Foreclosure Mess?
Who is to Blame for the Mortgage and Foreclosure Mess? November 15th, 2008 By BRIDGET MAGNUS ... they had to take out second mortgages or equity lines of credit to pay the bills. This left them [more...]
Date: 2008-11-15 21:13:17
Debt Consolidation
Are you concerned about your personal finances, and especially your debt, in this current economy? ... Consolidation: taking multiple debt or credit lines and consolidating them into one new payoff plan ... with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also [more...]
Date: 2008-11-20 21:04:14
Games Lenders Play, Part VII - Selling Mortgage Accelerator Programs
I thought I'd share this with you as an example of the sort of mind set to beware ... to go ahead, a HELOC (DM: Home Equity Line of Credit) is required to implement the program, so they will need YOU to arrange an "Advanced" (Home Equity) Line of Credit for them (earning you a fully [more...]
Date: 2008-08-05 13:51:55
Fifteen days of blogging for health care reform: Burden of debt
Guest post by Skylanda. Not long ago, I was cruising along the highway at about 75 miles an hour ( ... a mortgage out of the messiest era in history to lock down a line of credit, and I was buying me a house ... . I am now thirty-three years old and the proud owner of two-thirds of a million dollars of accumulated debt. Far [more...]
Date: 2008-08-24 14:00:00
?Countrywide VA Foreclosure
If you’re looking for a home at a bargain price, you may want to consider a Countrywide VA Foreclosure ... from the bank or lending institution, but the VA guarantees the loan. In spite of this, many ... loans, lines of credit and more. They are also the lender that handles more VA mortgage loans than any [more...]
Date: 2009-01-14 06:17:02
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
30-Year Mortgage Rate Falls Below 5%
Just when you thought mortgage rates couldn’t get any lower, they did ... guides on how much you should spend on a home and the basics of home equity loans and lines ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]
Date: 2009-01-15 09:49:00
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
Ten Mortgage Tips I Learned From Past Three Home Purchases
Bottom Line: I highlight some of my personal lessons learned from three home purchases conducted over the past six years. 1. Read “106 Mortgage Secrets All Home Buyers Must Lean – But Lenders Don’t Tell” by Gary Eldred, PhD. First third of book is dedicated to people that need help with credit or qualifying for expensive [more...]
Date: 2008-12-25 15:00:00
15
Results
