Read on For Information on Today’s Mortgage Rate

Read on For Information on Today's Mortgage RateToday mortgage rates have become talk of the town. You will find number of lenders advertising their low interest rates, but beware of these ads as the low interest rate period may be limited. They are actually low for mortgages with floating interest rates which after a certain period will be charged at normal interest rates which may mean that you end up paying high installments towards (more…)

admin / August 21, 2015 / Real Estate / 0 Comments

Understanding the Basics of Mortgage Underwriting

Understanding the Basics of Mortgage UnderwritingWhat is mortgage underwriting? Specifically, it is the process where a lender will analyze the application for a mortgage and either approve it or deny it.

An underwriter will usually consider three important factors in determining the risk and the terms involved with the mortgage. They are collateral, capacity and credit.

What guidelines does mortgage underwriting follow? (more…)

admin / July 25, 2015 / Mortgage / 0 Comments

How Does Inflation Affect Mortgage Rates?

How Does Inflation Affect Mortgage Rates?There are typically two rates of inflation quoted – the underlying rate of inflation based on retail prices and the rate that is based on an average family’s expenses, which includes the cost of mortgages.

So, if your mortgage repayments go up it makes sense that the measure of inflation that includes repayments also goes up. This means that inflation is dependent on your mortgage rates, however (more…)

admin / July 12, 2015 / Mortgage / 0 Comments

Bad Credit Rating Mortgage Refinancing

Bad Credit Rating Mortgage RefinancingMortgage refinancing with bad credit is now possible for millions of struggling homeowners. New Government programs make getting approved for a more affordable monthly home loan payment make refinancing and mortgage modification easy. Even homeowners with bad credit, or a mortgage that is worth more than their home can get help. Here is how:

Homeowners with bad credit, (more…)

admin / July 6, 2015 / Marketing / 0 Comments

Bad Credit Mortgage Lenders – 3 Things to Watch Out for with Sub-Prime Lenders

Bad Credit Mortgage Lenders - 3 Things to Watch Out for with Sub-Prime LendersIndividuals with bad credit will find that they are most likely going to have to go with a sub-prime lender to get their mortgage. Because there are many people with bad credit looking for mortgages, there have been several scams surface that you need to look out for. There are also sub-prime lenders who are preying on these desperate people as well. Here are few things to look out for when (more…)

admin / July 3, 2015 / Real Estate / 0 Comments

Refinancing: Home Equity Loan, Is Today a Good Day

Refinancing: Home Equity Loan, Is Today a Good DaySo interest rates have been rising. It’s all over the news. Everybody knows it. The good days are over. You’ve missed your chance to refinance. That seems to be the message many borrowers are getting these days. The truth is it is always a good time to refinance, in the right situation.

Just as every fingerprint is different, so is every family, and their needs. This is also true of every real (more…)

admin / June 24, 2015 / Mortgage / 0 Comments

How to Research Mortgage Rates Online

How to Research Mortgage Rates OnlineApproximately one half of all new home buyers check mortgage rate quotes online. Most mortgage providers offer calculators that allow you to calculate your monthly payment once you input your principal, interest rate and terms. Others offer wizards and questionnaires that help you pinpoint the right mortgage for you.

If you’re hunting for mortgage rate quotes online, keep reading for 6 tips that will save (more…)

admin / June 19, 2015 / Real Estate / 0 Comments

Why the Fed is Having Less Influence Over Mortgage Interest Rates

Why the Fed is Having Less Influence Over Mortgage Interest RatesIn the past when the Federal Reserve cut the discount rate it translated into lower mortgage interest rates for home buyers. This was a convenient way for the Federal Reserve to stimulate the economy during economic slowdowns. By making it easier for people to get loans more cash was pushed into the economy.

But the recent discount rate cuts have failed to have a similar effect. In fact the spread (more…)

admin / June 15, 2015 / Marketing / 0 Comments

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