Unbiased Road Map to Why Swapping Mortgage Rates Sometimes Isn’t The Best Way To Saving Outgoings

Let’s take a look at the pros and cons of each type of mortgage ... not change over the life of the loan. A fixed rate mortgage has the benefit of a predictable payment ... now but predicted to rise in coming years, you should definitely consider this aspect of the fixed rate loan [more...]

Date: 2009-01-11 12:36:23

Blog posts (365) | Videos (355)
 

Mortgage Refinance Loans Tips

by John Bear If you are already in the process of refinancing your home mortgage loan, ... and tolerance for risk. Here are several tips to help you select the right type for mortgage [more...]

Date: 2009-01-15 20:04:46

Loan Officer Job - Cleveland/Akron, OH - Posted 1/14/09

Company: freedom financial mortgage corporation Job Title: Loan Officer Job Category: Finance/Banking Job Description: Earn 100% commission. We will set you as a virtual office in our organization. Will offer support and one on one help. Must be a seasoned loan officer that can fully self sufficient. We offer FHA,VA. Conventional [more...]

Date: 2009-01-14 18:34:49

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

Ohio Mortgage Fraudster Sentenced To 20 Months

Timothy Pearson, 37, Beavercreek, Ohio, was sentenced to serve 20 months in federal prison, followed by three years of supervised release, and ordered to pay $171,211 in restitution to the Internal Revenue Service (IRS) for his role in a mortgage fraud scheme. Pearson had previously been employed as a loan officer at: City Fed Mortgage [more...]

Date: 2009-01-07 14:31:20

How To File for Bankruptcy If You Are An Individual

Here is a quick guide to how to file for bankruptcy if you are an individual. -  Contact a reliable bankruptcy attorney . -  Bring along all your financial papers including outstanding bills, bank statements,paycheck stubs from the most recent six months, copies of mortgages and car loans and tax returns to your first meeting with your bankruptcy attorney. -  Your bankruptcy paperwork, called a petition, must list every debt you currently owe. [more...]

Date: 2009-09-26 14:22:34

Peter Schiff vs Connie Fogal : Tarvitsemme lisää säästämistä ?

RussiaToday haastattelee.Peter Schiff oli yksi Ron Paul-kampanjan taloudellisista neuvonantajista - ja ilmeisesti Itävaltalaiskoulun yli-innokas ... (credit supply) of 800 billion dollars. Therefore, the debt owing is three times larger than the amount ... billion) is credit created by the major chartered banks as loans (mortgages, credit card loans [more...]

Date: 2009-01-13 13:04:00

Making Money From Foreclosures

My neighbors, clients and friends have been good about sharing some of their mail with me when they have a question about it ... mortgage payment and a fee of $200 dollars to renegotiate home mortgage loans with banks.  He said ... with the person who answered the phone. When he asked if I was late on my mortgage payments I said [more...]

Date: 2009-01-14 21:06:05

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you. Homeowners refinance their mortgage for many reasons and these include eliminating private mortgage insurance, receiving cash out at closing, obtaining a fixed rate, and so forth. Since home loan [more...]

Date: 2009-01-02 16:59:45

Thursday Afternoon Dept of Beshear Headaches

The Herald-Leader editorial board detailed Adam Edelen’s current situation this morning and we hope he takes our suggestion to do something, ... , we learn that Springhurst Towne Center’s loan is one of the biggest commercial loans bundled into commercial mortgage-backed securities that are in trouble for whatever reason. $77 million. It’ [more...]

Date: 2009-01-15 22:00:51

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

Stop Foreclosure Now Using These Suggestions

High foreclosure rates are a sad indicator of the condition of our economy ... your minimum monthly payment. Mortgage lenders can make a loan modification to make your mortgage [more...]

Date: 2009-01-11 13:44:56

FedMod.com: Loan Mod Scammers Advertising On Network TV? [Scams]

Matt at SteadFastFinances tipped me off to a possible loan-modification scam running ads on network TV ... , and inability to obtain refunds. Customers complain they paid this company to obtain mortgage loan ... just dodges your calls, never actually doing anything to modify their mortgage. When you try to escalate [more...]

Date: 2009-01-14 16:35:51

Select the Best Refinance Lender to Save Money

Replacing, refunding or repaying any new equity or debt or a combination of both is referred to as refinancing ... things that you must know while you approach best refinance lenders are: 1. Objective for mortgage refinance - Consolidation of bills or debts, to pay off your mortgage loan faster, lowering the hoemploy [more...]

Date: 2009-01-02 06:03:30

Saving yourself form debt

When it comes to taking care of your finances, nothing more than ever ruins your financial position than having a large amount of debt which is ... on paying your bills from credit cards, loans and mortgages without realizing that you are barely ... you a black eye with the credit bureau and any applications for new loans or credit cards would probably [more...]

Date: 2008-12-28 01:21:40

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

What About the Renters?

A little personal anecdote to help explain my philosophical opposition to the bailout, even assuming it would help the economy ( ... it wouldn’t be prudent to buy a home. In my case, I had some student loan debt, I lived in a part ... to afford a mortgage. Now, I probably could have gotten a loan. But the terms would have been ridiculous [more...]

Date: 2008-09-25 12:55:01

The Truth about Debt Management Plans

by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... Consolidation: Debt consolidation is, in nearly all cases, a home equity loan or second mortgage ... . Because these programs rarely ever do what they claim, and many credit card companies no longer endorse [more...]

Date: 2008-09-21 12:49:13

What to do if you’ve been turned down for a loan

Turned Down For a Loan?  Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

What to do if you’ve been turned down for a loan

Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

FICO Expands Availability of Credit Score

Imagine if you could log onto your online banking account and click on a feature that not only tells you your exact credit score for free each month, ... of credit decisions each year, including more than 75 percent of U.S. mortgage loan originations”), “Scores ... Campbell, chief operating officer at Fair Isaac. Typically, customers will see the same [more...]

Date: 2009-01-15 20:01:41

6 Money Management Software For Personal Finance (Freelancer’s Special)

Being a freelancer is not easy and more so in these troubled times of worldwide recession ... get themselves under debt by making certain bad decisions or investments. Lets take a look ... which was first introduced back in 1991. It can be used to keep record of loans, mortgages [more...]

Date: 2009-01-08 14:41:12

Fannie, Freddie, now FHLBs?

Some other banks are encountering difficulties today -- namely the Federal Home Loan Banks, one of the biggest providers of funding for US mortgages. From Bloomberg: The Federal Home Loan Bank of Seattle said it will suspend dividends and "excess" stock repurchases, becoming the second of the government-chartered lending cooperatives to say [more...]

Date: 2009-01-14 12:35:34

?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

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

I know how to spend stimulus

[ The sign for a Citibank bank branch and a street sign are seen in Cambridge, Massachusetts November 24, 2008. The U.S ... to the taxpayers. It's great that some people were able to save or pay down debt. As far as blowing it on gas ... . This time the amount should be higher to allow us to pay off our debts, mortgages and loans. This would [more...]

Date: 2008-12-01 16:48:13

Pay Cuts and Payday Loans

Laura Glick didn’t used to need payday loans; as a mortgage broker she made a six-figure salary. Then she couldn’t get payday loans because she was unemployed. Now she is looking forward to even more financially trying times as she applies for a job that will pay between $7 and $12 an hour [more...]

Date: 2009-01-15 23:55:57

Ask the Readers: When Does It Make Sense to Refinance a Mortgage?

So much for vacation. I just can’t keep myself away from you guys! ... are at a 37-year low. A 30-year fixed-rate mortgage averages about 5.28% right now. I don’t usually pay much ... loan), but our current mortgage is in a kind of phantom zone: We have a $207,000 balance at 6.25 [more...]

Date: 2008-12-19 13:00:18

Home Mortgage Loan: 5 Elements To Take Into Consideration Before Buying A House

While purchasing a house is an exciting effort in a lifetime, it is certainly not something you want to rush into ... at once. That is why, applying for a loan is crucial for most people. You will need to make sure ... of your annual salary. But even then, it is best to find a calculator online to help you figure [more...]

Date: 2009-01-05 13:01:40

Mortgages Market Update: 01/09

Before I begin I would like to apologize for not posting anything in a while, it has been a little crazy here in the mortgage world (thank God) ... ! If you have a mortgage that is over 6.00%, a home equity, and you are not over the limit of $625,500 (NYC and many other counties nationwide) you should contact your mortgage loan officer/broker to refi! [more...]

Date: 2009-01-02 16:45:46

Study More About Mortgage: Errors To Avoid That Can Be Expensive As A Homebuyer

Acquiring a house is exciting and overwhelming at once ... hoping their credit won’t prevent them from having a loan is astonishing! In order ... for a loan is the next mortgage error that you want to avoid. Firstly, make certain you understand [more...]

Date: 2009-01-04 10:31:05

Christmas: Paid In Full

Yippee! I don't have to pay my Christmas bills if I just download this sheet of stickers from Benny Hinn and follow his simple instructions:CLAIM YOUR DEBT CANCELLATION TODAY BY USING THESE STICKERS!Place a sticker on your mortgage, loan, and credit card bills, as you ask God to give you a financial breakthrough.As you send in your seed [more...]

Date: 2008-12-27 02:35:00

Jumbo Prime ‘Walk Away’ Loans - More Downgrades Coming

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing financial institutions into new lending markets. His primary focus was upon Agency, Jumbo, Alt-A and FHA insured residential mortgages [more...]

Date: 2008-12-10 16:51:11

Best of KCLau’s Money Tips 2008

2008 is an exciting year for me. I was able to build more income streams and therefore increase my overall income compared to the previous year ... you are looking for about Bursa Malaysia Case Study: Consolidating Personal Loan, Mortgage and Credit Card Debt Do you have the assets to pay for your liabilities? Personal Asset Inventory Template How [more...]

Date: 2009-01-11 23:00:36

Refinance Mortgage Loan Guide

by John Bear Finding the best refinancing deal would have to involve comparing lenders, but we know for a fact that those numbers can get pretty complicated, especially when you are to investigate rates, fees, and points. But of course, if a mortgage company has the lowest rates [more...]

Date: 2008-12-27 09:57:55

Simple Tips On Refinance Mortgage Loan

by John Bear Finding the best refinancing deal would have to involve comparing lenders, but we know for a fact that those numbers can get pretty complicated, especially when you are to investigate rates, fees, and points. But of course, if a mortgage company has the lowest rates [more...]

Date: 2009-01-05 17:44:07

Looking For a Loan?

Last week Fannie Mae and Freddie Mac, two of the largest mortgage supporters, ... the Stafford Student Loan, can be used for anything from books to tuition to housing. Rising gas prices make ... about our loan system. Freddie and Fannie were created by the government to make it easier for banks [more...]

Date: 2008-07-21 13:26:00

De-leveraging the Children of Wall Street

submitted by James Baker Welch, VP of Rothschild Investments One of the most stunning facts of the 2008 Financial Melt-down has been the wholesale ... regulatory agencies to determine if the institution has met the credit needs of its entire community. 1   The CRA began to compel banks to underwrite less credit-worthy mortgage loans in order [more...]

Date: 2009-01-15 15:40:18

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

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

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

Do it yourself Credit Repair

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]

Date: 2009-01-08 16:17:07

Do it yourself Credit Repair

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]

Date: 2009-01-14 23:18:56

Employee Stress Levels Are Rising - What Are You Doing?

Stress is wreaking havoc on the day-to-day lives of your employees. How do we know? ... experiencing stress, depression and financial worries. According to Retail Trust, its helpline is taking ... in conversations including mortgage, foreclosure, loan problem, and debt.  From July to September [more...]

Date: 2008-11-17 15:22:22

John Stumpf Q & A

What Wells Fargo plans to do on a bigger stageExcerpts:Q: In the investor presentation, ... that we didn't understand: negative (amortization loans), Pick a Pay or option (adjustable rate mortgages).We gave up tens of billions of dollars in loan origination volume and millions and millions of dollars [more...]

Date: 2009-01-12 03:28:00

Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed

Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]

Date: 2008-09-28 20:34:55

Should ‘New’ Virtual Assistants Charge Less?

First, I’ve gotten brave and attempted a second podcast with this post. You’ll find the link below ... over 7 years of experience with me to my new business in 2007.  That experience included mortgage loan processing, accounts administrator, sales assistant, title processor and real estate paralegal [more...]

Date: 2009-01-15 21:59:50

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

Rain City Mortgage Rates

Just a reminder that next Thursday is Thanksgiving and banks will be closed.  Our office will be closed until Monday, December 1, 2008 ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check ... that segment in advance of new loan limits.  It’s an odd limbo time for lenders as they try to wrap [more...]

Date: 2008-11-21 22:37:18

What is Debt Settlement ?

With the rising financial strain on many consumers, arrears in repaying outstanding debt can prove to be overwhelming ... amount). Debt settlement should be considered if one is in arrears in their debt repayment. Be it credit card debt, personal loan, home mortgage or store accounts, debt settlement may be the sole option [more...]

Date: 2009-01-04 18:24:04

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