The 'Shop Until They Drop' Mantra Wont Guarantee You the Lowest Interest Rate
Looking for the lowest interest rate seems awfully easy, doesn't it? "What's your interest rate?" sounds like such a straightforward question. If it were true you would be able to jump on the Internet and easily look up interest rates offered by mortgage companies without any problem. But it's not ... more...

Understanding How to Get Easy Home Loans for the Self Employed
There are three specific criteria that make any loan work. They are:1. Collateral - What you have of value (assets) to place at risk if you should default on the loan.2. Capacity - Your ability to pay back the loan over time. This includes income reporting such as IRS Form W-2 or 1099. Capacity ... more...

Credit Scoring: What it is, and How It Affects You
If you have applied for a mortgage in the past five years, youve probably heard of credit scoring by now. Perhaps you were told that your credit scoring was wonderful, or needed work. Or maybe your mortgage would have been lowered by several points, if you had better credit scoring.Credit scoring ... more...

40-Year Mortgages: An Alternative to Interest-only Loans?
Interest-only loans are quickly becoming a mainstream loan product. Borrowers who were initially turned-off by the perceived risk associated with an interest-only loan are now starting to see the benefits: Lower payments, less money tied up in equity, more flexibility, etc.For the savvy borrower, ... more...

What Every Real Estate Investor Should Know About Investment Property Loans
Savvy real estate investors know that there is an art to getting an investment property loan. Educating yourself on the process will eliminate much of the headache and hassles that often plague real estate investors.If you go into it expecting the same ease as financing a primary residence, you may ... more...

Mortgages After Bankruptcy: Easier Than You Would Expect
Give yourself time to rebound. Whether you had to turn to bankruptcy because of a divorce, a medical emergency, a job loss, or a problem spending habit, give yourself a little time for the air to clear before house hunting. Mortgage lenders will want to see that you have put some space between you ... more...

Corporate Loans - Funding Industrial Growth
If individuals thought that they were the only ones who had the use for loans, then corporate loans will show them that they are incorrect. The corporates, who are deemed to have a large surplus of cash, too find themselves at the mercy of the loan providers (though not in the strictest sense of ... more...

Wealth Creation and Mortgage Planning - Two Great Tastes that Taste Great Together
What if I were to tell you that almost everything you have been told about what to do with your home has been absolutely wrong and that one of the worst ways to build wealth is through your home? And what if I further went on to show you that anyone who perpetuates this myth probably is not your ... more...

Home Mortgage Loan Refinance Benefits To Refinancing Your House Online
Here are some of the benefits to doing your home loan refinance online:Everything seems to happen faster - Online, when looking for a mortgage loan you can search around, fill out an application and a few minutes later, you can be receiving a pre-approval letter via email. There was no calling, no ... more...

A Career in Mortgage Banking
Do you want a rewarding career that will make some descent money? Are you good with numbers? Are you good with paperwork? Do you like anything that has to do with money? If you answered yes, you may be interested in a career in mortgage banking. The best place to get an education on mortgage ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...