Pros and Cons of Interest Only Mortgage Financing It was not many years ago that hundreds of thousands of homeowners were taking advantage of the low introductory payments offered through interest only loans while real estate values skyrocketed in many parts of the country. After the recent mortgage meltdown and housing crisis the heyday of interest only loans are probably well in our rearview mirror. Today, many lenders have...more
Safeguarding Your Investment in Bank Foreclosure Properties A good thing about bank foreclosure properties, apart from the fact that they are handsomely discounted and are relatively safer than other foreclosure transactions, is that they are everywhere, there is just too much options available for everyone. Just log on to sites of major banks and you will find an entire page dedicated to their foreclosure properties for sale. Then...more
The Foreclosure Problem is Creating More Trouble for the Banks Consumers and housing advocates have been complaining for years about wrong handling of affidavits in the foreclosure process. Finally GMAC Mortgage, JPMorgan Chase and Bank of America all have taken action by suspending foreclosures.When the news first broke, Nancy Pelosi, the Speaker of the House and the members belonging to California Democratic Congressional Delegation made a petition to the Ben Bernanke the Fed Chairperson, the Justice Department, Eric Holder, the Attorney General and John Dugan the Comptroller to make inquiries as to why the law was broken by the lenders.For the mega banks the scenario is nightmarish if foreclosures are found to be invalid said Nancy Bush of NAB Research. This could be followed up by not just thousands but millions of lawsuits.There would be ex-house owners claiming back their wrongly foreclosed house and new house owners battling to keep the home they have invested in. Then there are the investors across the globe who had bought securities backed by the house mortgages.Nothing short of a miracle can save the situation. The stoppage of all processing of documents...more
Could Mortgage Modification Be Right For You In today's difficult financial times your mortgage payment is no longer an automatic check you right every month. We are all worried. Home values have continued to drop making it no longer the value it once was. Many of us have watched the equity go down almost monthly, we are even in over...more
Loan Modification Qualification Loan Modification Qualification Loan Modification StrategyAre you behind on your mortgage payments? Have you tried to refinance your mortgage for a lower rate and got denied? The next best thing to a refi-cash-out when times are tough is to lower your rate with a loan modification. Most banks will not...more
Mortgage Calculators Can Help You With Bewildering Mortgages The field of mortgage, to say the least, is much complicated. There is a vastquantity of facts on numerous kinds of mortgages with options that even the experts at times find difficult to comprehend.It is no surprise that buyers are baffled while making such an important decision. They look for advice to pick the right budgeting plan as well as mortgage for their individual needs.Knowing how interest rates affect your monthly payments does help but there are variousother factors that influence the appropriate choice. Nothing could take the place of due diligence together with through research before making a decision.Elaborate Mortgage Calculators go a long way in assisting borrowers to zero-in on to the most affordable together with suitable mortgage for individual's financial needs. These calculators offer useful facts to establish because to what the monthly payments will be for a specific quantity of mortgage. With a click of a mouse you could find out how much mortgage payments will differ if the rate was to go up or down. Prepayment of the principal, even in small amounts can scale down the...more
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The Good, the Bad, the Risky: Loans From Private Lenders When someone thinks of loans from private lenders, many think of the classic Las Vegas mobster with all the loot, power, and prestige that came with it. They would offer you a...more
Investment Property Loans: Courage to Take Risks The American family is experiencing tough financial times. The American business is seeing even tougher times, and with no end in sight, many business owners, banks, investors, lenders,...more
All About Refinancing A Second Mortgage Refinancing a second mortgage is not the best move for everybody. If a person has a second mortgage on a home, it's wise to consider refinancing only if doing so works to his or her advantage....more
No Fax Payday Loans-Fast approval financial deal without fax Sometimes, it may happen that your payday does not match up with your expenses and wishes. People find it tiresome to avail small loan help from financial market because of...more
Payment Break Loans - Reinstall Your Financial Credibility Have you ever faced financial problems. You are lucky if you have not. Those who have faced might be aware of the realm of financial crisis. It is in this situation only that...more