Archive for October, 2008
Friday, October 31st, 2008
Negotiate a Mortgage Short Sale Instead of Foreclosure
The unfortunate fact of our recent serious economic downturn is that significant numbers of people are losing their jobs and are being forced to take new positions at lower rates of income. This problem is compounded by falling housing values which are also a result of current economic conditions. People have been losing their homes [...]
Comments Off - Posted in Foreclosure, Short Sale by Roger
Monday, October 27th, 2008
Dangers of Reverse Mortgages
Some people gladly go through the process of mortgages, but few people realize the potential danger of reverse mortgages. But first, what is a reverse mortgage? It is defined as a loan available to seniors of a country (the legal definition of “senior” differs according to where you live), that is mainly used to release [...]
Comments Off - Posted in Reverse Mortgages, Tips by Roger
Friday, October 17th, 2008
“How High Is The Ceiling?” A Basic Explanation of Mortgage Terms
When your peers or co-workers talk about mortgages, do you feel as if they’re speaking a different language? When they casually say words like “encumbrance” do you imagine carrying a physical burden? If they bemoan a high “ceiling,” do you wonder if they’re complaining about cleaning the upper part of their rooms? Well, fear these [...]
Comments Off - Posted in getting a mortgage by Roger
Tuesday, October 14th, 2008
The Present Risks of Subprime Mortgages
There is an existing risk in the market nowadays regarding subprime mortgages. Delinquencies and foreclosures have defined the economic and social standards and regulatory procedures of subprime mortgage industry. Why did such conditions increase rapidly in the business?
Subprime mortgages are loans provided to borrowers regarded as high-risk creditors, which means these borrowers do not have [...]
Comments Off - Posted in bad credit, getting a mortgage by Roger
Saturday, October 11th, 2008
6 Steps to Refinancing your Mortgage with a Critical Eye
Refinancing a mortgage is a process that takes several steps. After all, it is a decision that deals with a large amount of money. So, to ensure that everything goes well, one must first think through a few questions and complete a few tasks.
Step One. Ask yourself, “Should I really refinance my mortgage?”
There are different [...]
Comments Off - Posted in Refinance by Roger
Wednesday, October 8th, 2008
New Construction Mortgage Loans: Your Solution to a Dream Home
Unlike the regular residential loans or even commercial loans, new construction mortgage loans are different. These are loans requested from a lender to assist the financial needs to build your dream house. The definition is truly very attractive to many dreamers of a wonderful home, but the basis of your construction loan approval is similarly [...]
Comments Off - Posted in Buying a Home, getting a mortgage by Roger
Sunday, October 5th, 2008
Mortgage Protection Insurance
There are no certainties in life. Life is full of surprises, both and good bad. You may be healthy and strong today, then get sick and injured or disabled the next. If you have responsibilities in life, it is better to be prepared for uncertainties or unfortunate incidents such as these. One good way of [...]
Comments Off - Posted in Insurance by Roger
Thursday, October 2nd, 2008
Mortgage Fraud: Forewarned is Forearmed
There are fraudsters everywhere. They take advantage of unsuspecting people. They have made an art or a living from trickery, fraud and deception. They are commonplace everywhere, particularly when a huge amount of money or resources are involved.
Securing a mortgage is one good example of a business transaction that involves a great deal of money. [...]