Total Cost Of Credit vs Monthly Payments
I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages. A company was announcing the availability of 40 year mortgages for its customers. The stated purpose was to lower the monthly payments ... more...

Why Get a Home Equity Loan?
If you're a homeowner, chances are that you've been deluged with offers from finance companies to lend you money based on the equity you have invested in your home. A home equity loan is a loan extended to you that is secured by your home. The amount of the loan is based on how much 'equity' you ... more...

Home Equity Loans - How To Use Your Home's Equity to Consolidate Debt
If you've got a wallet full of credit cards, and monthly payments on them that total more than 25% of your monthly income, chances are that you've considered debt consolidation loans or some other means of taming your credit card debt. But did you know that a home equity loan is another way to get ... more...

Credit Scores and Loan Applications
Keep Your Credit History Clean - Remove A Negative Credit Record From Your Credit ReportIt can make a difference of up to 18% in loan repayment costs. For example, on a 30-year, $150,000 fixed rate mortgage, a borrower with the best credit score, 760-850, will pay 5.59%, or $860 per month, while ... more...

Poor Credit Home Mortgage Loans
Poor credit doesnt have to put you at a disadvantage in the home buying process. By getting a pre-approved mortgage, you can find low rates and increase your negotiating power when you buy a home.Before You Shop For A HomeBefore you begin home shopping, take a look at your budget. Develop a plan ... more...

Poor Credit Mortgage Refinance Getting Approved
Because of low interest rates, many homeowners are opting to refinance their homes and cash-out at closing. The refinance process is similar to the procedure of obtaining the original mortgage. Homeowners must be approved by a lender and pay fees associated with acquiring a new loan closing cost, ... more...

Home Mortgage Rate Shopping - Why Some Shoppers Give Up And Others Don't
About 29% of current homeowners and a much larger percent of consumers with income levels above $50,000 feel it best to stay as far away from offers to finance or refinancing their home as possible. And this seemly for good reason. Trying to get a great deal on a mortgage loan or shopping for low ... more...

Debt Consolidation Mortgage - Decode Its Apparent Complexity
Someone great once said that if it isnt the sheriff, it is the finance company. Do you feel the same? Has the piling up of bills forced you to take several loans? Do you live in constant dread that someone would soon come to claim his money. The problem is that you dont ever seem to have the money. ... more...

Poor Credit Mortgage Reigns High Among Mortgages Available to Bad Credit Borrowers
Like a big brother keeping notes of the erring behaviour of his younger sibling, credit reference agencies like Experian and Equifax maintain a record of each person entering into credit transaction. While a few instances of arrears are considered admissible, as the incidence of bad credit ... more...

How to Get a Low Refinance Rate When Refinancing Your Home Mortgage Loan
Refinancing your mortgage has certain advantages. The key reason homeowners refinance is to obtain a lower interest rate, which will lower their monthly payments. Even so, some homeowners are hesitant to refinance. The refinance process involves creating a new mortgage loan. Moreover, the process ... more...

Bad Credit Mortgage Financing - 3 Ways to Improve Your Chances of Getting Approved
Acquiring a home loan is a simple process for some people. These individuals likely have a good credit history, money for a down payment, and sufficient income. However, you do not need the perfect situation to obtain a mortgage. Various lenders specialize in offering loans and mortgages to ... more...

High Risk Mortgage Lenders - What Are Your Options?
High risk mortgage lenders, commonly referred to as sub-prime lenders, are lenders that specialize in offering mortgages to individuals with less than perfect credit. Because of record low interest rates, many people are choosing to purchase their first home or refinance their current mortgage in ... more...

Sub Prime Mortgage Lenders - 3 Tips On Getting Approved
Sub prime mortgage lenders are easier to qualify with than conventional lenders. So even if you have a foreclosure or bankruptcy on your record, you can buy a home. Their rates are also competitive, especially if you include a down payment and shop rates. The following three tips will ensure that ... more...