Author Archive
Wednesday, August 13th, 2008
Reverse Mortgages
Many retirees and seniors find themselves “asset rich and cash poor”. They have a great deal of equity built up in their homes or even own them outright, but are receiving a very small amount of monthly income from pensions or government plans. The concept of the reverse mortgage was created to resolve this discrepancy.
A […]
Comments Off - Posted in Reverse Mortgages by Roger
Tuesday, August 12th, 2008
2nd Home Mortgages
There are numerous reasons why people choose to purchase a 2nd home. They can range from a rental property for investment to a vacation home to a fixer upper that will be flipped in the short term. Regardless of the driving force behind the purchase one thing will remain the same: you are going to […]
Comments Off - Posted in Buying a Home by Roger
Monday, August 11th, 2008
How to get a Mortgage with Bad Credit
When you have a good credit history your loan application process is generally completed smoothly. Unfortunately not everyone is in this boat and for those with bad credit getting a mortgage can be a great deal more tumultuous. However there is an ever increasing rise in the amount of people in this situation and consequently […]
Comments Off - Posted in Buying a Home, bad credit, getting a mortgage by Roger
Wednesday, May 14th, 2008
Stated Income Home Equity Loan
A stated income home equity loan is one where your bank or mortgage lender does not confirm your income or assets in order to give you an approval. While this seems hard to believe at first, this type of loan does indeed exist and has been a saving grace for those who are self-employed, […]
Comments Off - Posted in Borrowing, Buying a Home, Refinance, Stated Income Products by Roger
Monday, April 14th, 2008
Stated Income Home Equity Line of Credit
Today we are going to discuss the combination of two great borrowing solutions known as the stated income home equity line of credit. This flexible product allows a homeowner to borrow against the equity built up in the home on a revolving credit line without have to provide documentation to support how much money […]
Comments Off - Posted in Buying a Home, Home Equity Line of Credit, Refinance by Roger
Friday, March 21st, 2008
Avoid Foreclosure with a Mortgage Short Sale
In today’s tumultuous real estate environment, with decreasing property values, many homeowners are finding themselves owing more on their mortgage than their home is worth. Further more they were giving a mortgage that was beyond their means and now have come to the realization that they can not afford the monthly payments. They […]
No Comments » - Posted in Foreclosure, Short Sale by Roger
Sunday, March 16th, 2008
Stated Income Home Loans
In years past it was much simpler to apply for and be approved for a stated income home loan. You did not need to have an exceptionally high credit score, or even necessarily a down payment and you could be approved for a mortgage without providing documentation supporting your earnings.
Default on Stated Income Loans
Well […]
No Comments » - Posted in Buying a Home, getting a mortgage by Roger
Thursday, January 17th, 2008
Mortgage Refinance: Bad Credit Loan
Fortunately with a mortgage refinance, bad credit loans are providing homeowners in distress more options than they have ever had in the past. Previously there were few things more stressful in life than the prospect of losing your home. The thought of being homeless is terrifying and for a family with children […]
No Comments » - Posted in Foreclosure, Refinance by Roger
Monday, January 14th, 2008
Getting a Mortgage With Bad Credit
Getting a mortgage with bad credit attempts to bypass one of the most important criteria that determines whether or not you can get a loan: your previous credit history. So much depends on your credit record and how you have handled your previous responsibilities. A poor credit history suggests that your loan application will have […]
1 Comment » - Posted in Borrowing, Buying a Home, Credit by Roger
Thursday, January 10th, 2008
An Interest Only Home Equity Line of Credit
Owning your own home is a dream come true for many people. Finally being free from paying rent to somebody else and effectively paying down their mortgage can be a great source of satisfaction. Now that you own a home you have more borrowing options available to you when you need them. Specifically if you […]