The arena of mortgage refinancing is increasing every day. People understand the economics of mortgage refinancing.
Looking to get 100% finance for your home loan. Are you left with no cash while looking for a home mortgage loan?
How’s it possible that a home loan with a lower rate of interest could cost you more than an alternative loan at a higher rate? Here’s how. Check out this example Julie and Rob take out a home loan of $200,000 over 30 years.

Is an Interest Only Mortgage a Good Option?

Is an Interest Only Mortgage a Good Option?An interest only mortgage is a form of mortgage, where the borrower will pay nothing but the interest for a limited period of time. Unless the person makes an additional payment above the interest that needs to be paid, nothing is paid towards the principal amount.

Only the interest is paid for a fixed period of time, which is usually around 5 or 10 years. Once this Read More

Turned Down For a Loan Modification? Here’s Why

Turned Down For a Loan Modification? Here's WhyThe most recent development of President Obama administration’s Home Affordable Modification Program (HAMP) has not been good. Although more modifications are being offered on a cumulative basis, less than 10% of the homeowners who qualify for a foreclosure solution under the terms of the plan are offered one by the mortgage servicers and banks. While this seems like Read More

Mortgage Payment Calculators – How Can I Know What My Monthly Payment Will Be For A Mortgage

Mortgage Payment Calculators - How Can I Know What My Monthly Payment Will Be For A MortgageWhat is a mortgage?

A mortgage will give you a specific sum of money for a fixed tenure like 15 years or 30 years at a particular rate of interest, against the value of your house. It is an agreement between the lender and the house owner who pledges the house as security. By taking a mortgage you give the lender a document that protects his interests in your property. Read More

Stated Mortgage Loan Programs

Stated Mortgage Loan ProgramsAre you trying to refinance your mortgage or purchase a new home? Has your mortgage broker or account executive recommended stated mortgage loan programs that you do not understand whatsoever? There are reasons why they might recommend these programs and reasons why you should avoid them. Here is what you need to know about stated mortgage loan programs.

First, Read More

Be Prepared With Your Home Equity Loan Checklist

Be Prepared With Your Home Equity Loan ChecklistA home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because the home is likely to be a consumer’s largest asset, many homeowners use their credit lines only for major items such as education, Read More

FHA Home Loan Refinance Can Lower Your Mortgage Payments!

FHA Home Loan Refinance Can Lower Your Mortgage Payments!Do you want to lower your monthly mortgage payments? If you are struggling to make ends meet due to paying a high monthly mortgage payment, you may want to consider an FHA Home Loan Refinance.

The FHA Home Loan Refinance offers two different options to choose from that are all centered on making it easier to afford your monthly mortgage payments. These two options Read More

Recent Changes to the Reverse Mortgage Avails Opportunity to Higher End Homeowners For 2009

Recent Changes to the Reverse Mortgage Avails Opportunity to Higher End Homeowners For 2009Just release to the Reverse Mortgage industry was the increase in value of homes, with more seniors who live in higher value homes have and opportunity to cash out from high mortgage balances. In the past there were only a few choices for seniors, before the big crash of the financial industry was to either take out a Reverse Mortgage was a high cost loan called a Jumbo Reverse Read More