Recently, a prominent business magazine published an article about a young woman who bought a home with an FHA loan and made the required 3.5% down payment. This article is one of the most biased and devoid of facts that I have seen in a long time. It briefly describes the process for obtaining an FHA loan and then transitions into attacking a woman using the loan, as well as her family.The article seems content to continually make...more
Mortgage Assistance Group - Loan Modification Programs - 500 Families Saved and Counting!The waive of foreclosures is far from over as we manage our way through this recession. Unemployment climbs to record highs as we prepare for a second waive of mortgage loan resets and adjustments.With all the hype, confusion, and negative press regarding the real estate market, Mortgage Assistance Group has effectively and successfully helped soften the blow...more
Oklahoma USDA Mortgage and Home Loan Program Information The majority of people do not know that USDA (United States Department of Agriculture) has Home Mortgage programs.Oklahoma USDA (United States Department of Agriculture) rural mortgage program is one more government sponsored home buying program. Like a Oklahoma FHA Mortgage and Oklahoma VA Mortgage, Oklahoma USDA DOES NOT originate the mortgage, you get an Oklahoma USDA mortgage through a lender like ZFG Mortgage!Basic highlights of an Oklahoma USDA mortgage program:"Zero Money Down "One Loan at a Low Fixed Rate "No Mortgage Insurance (PMI) Insurance required "No cash required (money in the bank not required) "Single Family Homes only (can't purchase duplexes, apartments, ect.) "No mobile homes "No "fixxer-uppers" (standard homes in working order) "Flexible credit requirements must have 620 credit score (similar to FHA) "Closing Costs,1st years Hazard Insurance and Taxes can be rolled into the loan. Income Restrictions: Rather than having a loan limit, USDA has household income limits, which vary by county and household size. But in most areas that limit is $71,000.Click Here check your USDA income restrictions in your...more
Author: Pinki GuptaHow to Refinance Home Loans and Mortgages SoulationGetting a mortgage is usually clear a significant step in owning a house. But what used to be a pretty wearisome process of choosing from a few mortgage or loan companies have now become quite complicated considering the number of loan programs also loan types are now offered...more
Author: Pinki GuptaHow to Get Mortgage Loan BrokerThe counter mortgages are home equity loans, which are getting very popular among above Americans. That is a sign about the increasing hunger to make some extra cash for daily living. Visit here now http://mortgage-loan-broker.blogspot.com It tells also about the disparate attitudes among senior...more
Mortgage refinancing can bring in many benefits for the individual, however its important to understand the process in details, and consider the pros and cons. It has to be carefully considered whether refinance is required in the first place, and if so how to go about it. The following pointers can help you in deciding your mortgage loan modification and mortgage refinancing:Is mortgage refinance recommended for you?There are many benefits of refinancing your existing mortgage, and its possible to save thousands through the process. If youre dealing with many creditors, the consolidation facility can help you get a single creditor to deal with, and make your life hassle free. If youre in severe debt, and finding it very difficult to make your monthly payments, its recommended you go in for mortgage refinance. One can also work out the net payable interest rate before and after the refinance process using the mortgage loan calculator, and find out how viable the option turns out to be after availing the home refinance rates. Its important to think from all angles before taking the final decision. Is your mortgage loan provider genuine?Its important to check out for frauds before...more
Author: MattmorganWorkers who have taken electrician training courses might find that their services are currently in demand after the Bank of England announced that mortgage approvals increased in November. According to the organisation, the number...more
Shopping around for the best mortgage loan rate can be a good or bad experience, depending on how you go about it. If you go in blindly, with no idea about the current mortgage rate or your credit, chances are that you'll end up making bad choices....more
While the expectation has been that mortgage rates would start to rise they have fallen for the last 2 weeks. This week the 30 year rate fell from 4.98 to 4.91 (last week it fell from 5.03 to 4.98). Besides October 8th its the lowest rate we have...more
The reverse mortgages pros and cons are not that difficult to go through, but you still need a taylor made information and recommendations, which fit to your special circumstances. The basic requirement is, that you are an American, age 62 or over,...more
Rates fell for the third straight week. They hit the lowest point since May 21st and they reached the 6th lowest point in history. It will come as no shock to those that have been following rates that the 5 lower rates all occurred this year. ...more
It is not uncommon to find many lenders providing jumbo mortgages to their clients, however the conditions for approval are a lot tougher than people can ever remember.Jumbo mortgages are defined as mortgages that are larger than a conforming loan....more