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The Worst Mistake of Mortgage Borrowers
February 19, 2001 ?What?s the worst mistake mortgage borrowers make??     The worst mistake by far is making decisions based solely on the affordability of monthly payments, without considering ... more...

Why the New Interest in Interest-Only Mortgages?
NOTE: IF YOU WANT THE CRITICAL FACTS ABOUT INTEREST-ONLY WITHOUT ANY FRILLS, GO TO THE INTEREST-ONLY TUTORIAL. August 19, 2002 "In looking to refinance my existing mortgage, I've found some lenders offering "interest only" loans. One lender is offering an ... more...

lower mortgage rate loan find loans retirement plan monthly payment related definitions

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

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The Pro's and Con's of Debt Consolidation Loans
You are swimming in debt. You have 4 credit cards maxed out, a car loan, a consumer loan, and a house payment. Simply making the minimum payments is causing your distress and certainly not getting you out of debt. What should you do?Some people feel that debt consolidation loans are the best option ... more...

A New Choice for Home Financing: Correspondent Lenders
When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.Your first instinct may be to go with your local bank, who you know from doing business with them for other things, such as your ... more...

The Truth About Debt Consolidation Loans (Avoiding Potential Pitfalls)
Online Debt Consolidation Loans Companies.You've probably heard the advertisements on the radio or seen them on the television or in the newspaper: Be Debt Free in just Days.Easy Debt Consolidation Loans.Erase your Debt Now! Whether known as "Online Debt Consolidation Loans Companies" or "Online ... more...

When to Use Online Lending Services
If you're in the market for a loan but aren't sure where to look in order to get the best deal, you might want to take a moment to consider online lending services. While online lenders aren't always the best choice for all circumstances, you might find that online loan providers are surprisingly ... more...

Your Secret Weapon... A Budget
For many, the word 'budget' immediately sends shivers down the spine. Why in the world would anyone need or want to budget their money?First off, budgeting your money does NOT mean you are poor, or are in need of financial assistance. You'd be surprised to know how many considered to be "middle ... more...

Your Home Can Act As Carriage For Car Loans; Do You Know The Term For That? Secured Car Loans
Since the invention of the first self propelled car by Nicholas Cugnot in 1769 the world has refused to be the same again. Lighter, faster, more mileage, improved accessories, enhanced equipments year after year car companies are putting much effort and sweating out to provide you with that ... more...

This Secret Weapon Will Eanble You To Close Up To 200% more Home Remodel Sales
Many Homeowners are not aware of all the options that are available to them when it comes to Home Loans. As a Home Remodeling Specialist you have a very powerful sales tool that most of your competitors don't even know exists. By using this Sales tool you can overcame the one Major purchase ... more...

What Equity Is and How to Use It
With the current popularity of loans based upon home equity, a lot of people find themselves wondering exactly what equity is and how it's used.If you're one of these people, take heart by the end of this article you'll have a much better understanding of home equity and exactly what happens when ... more...

A Guide to Getting a Bad Credit Remortgage
There are several reasons why you might be in the market for a bad credit remortgage. You might be wanting to try to lock in a lower interest rate, or perhaps you simply need to use the bad credit remortgage as a way to consolidate some of your debts.Regardless of your reasoning, securing a bad ... more...

Be Prepared With Your Home Equity Loan Checklist
A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because the home is likely to be a ... more...

Homes With Acreage-Ann Arbor Real Estate
Some want to leave the big city and find a home with a lot of acreage. Others want to stay in the city, but would like some land to garden, or for privacy. Whatever the reason, there are many homes with acreage for sale. There are many ways to find and pay for such homes.How much land is an acre, ... more...

Fico Scoring Basics
FICO scoring originated from the Fair Isaac Company. The Fair Isaac Company invented the current credit scoring system that turns all of your credit information into a personal credit score. Today lenders still use this credit scoring system to determine credit risk.The term FICO scoring means, a ... more...


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