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Pitfalls in the Financing of Home Construction
  March 22, 1999 " My wife and I are considering having a house built for us and I would like to know the basics of combination construction/permanent mortgages. What do we look out for?" Construction can ... more...

Mortgage Lenders, Mortgage Brokers & Loan Officers
December 22, 2000 "What is the difference between a lender and a mortgage broker?" "What is the difference between a retail lender and a wholesale lender?" "What is a 'direct' lender ... more...

mortgage banks conventional loans fico loan construction 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...

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

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Log Homes - What's Different About Log Homes?
Newcomers to the world of log homes will notice that log homes look different than conventional "stick-built" homes. But are log homes really different, other than in appearance? If so, how?Let's take a look at some of the ways in which log homes differ from conventional homes. Log Walls - This is ... more...

New Credit Scoring Model Could Help Millions
Mark and Beth, a young married couple in their twenties, established a goal to buy a home within the first three years of their marriage before starting a family. They budgeted and used their money wisely in order to save for the down payment. Whenever they purchased something they always paid ... more...

A Beginner's Guide to Finding a Loan
Finding a loan can be a hassle sometimes though there may be a large variety of options available, it can be difficult to determine which of the choices available to you will best suit your needs.One of the best ways to find a good loan that will meet your needs is to shop around, comparing loan ... more...

Home Construction Loans
You can maximize your savings by shopping for a lender that can provide you with a combination loan. The combination loan starts as a construction loan. During this phase, your lender cuts checks to your builder and their subcontractors as they successfully reach significant steps in the building ... more...

Timing Is Everything When It Comes To Buying Homes
The old adage that timing is everything especially applies to buying a new home. And trying to be at the right house at the right time and get it for the right price can be tricky. Here are some guidelines to assist you:Turn to the real estate section of your Sunday newspaper. Monitor the market ... more...

Why Does the UK Personal Loan Market Offer Such Poor Choices for Consumers?
The United Kingdom has one of the most regulated financial services market with a powerful and well-funded regulator maintaining an orderly and stable market. The Financial Services Authority creates implements and polices the vast array of regulations relating to Banks, Insurance Companies, ... more...

Bad Credit Loans Authenticate What Is Positive About Bad Credit
This might not be the front page news but it is now out in the open! Bad credit is getting loans all kinds of loans. Lending institutions, banks and other financial constitutions are coming forward to provide loans for bad credit. There is a new rescue programme for people with bad credit - bad ... more...

How to Sell Your House For Full Price
Many people believe that a real estate broker is needed to sell their house. So they post it with a broker who may or may not sell it and if they do charge exorbitant fees. One would think that that commission would inspire to work harder for you. In some cases it does. In many others though, we ... more...

A Guide to Getting Bad Credit Home Improvement Loans
You might be wanting to look into bad credit home improvement loans but are unsure of where to start. After all, how do you get a good loan when your credit isn't the greatest?What you probably don't realize is that there are a number of lenders who offer bad credit home improvement loans, which ... more...

Inside Insurance Protection Priorities
Protecting your homeAlthough you have no legal obligation to insure your home, your mortgage company will want to protect their investment with buildings insurance. However, it is also worth protecting your own investments, so even after youve paid off your mortgage, you should ensure youre ... more...

Real Estate Financing - Ten Ways
Do you remember when real estate financing meant you saved up enough to put 20% down on a house, and then you got a mortgage loan for the other 80%? Well, you can still do that, but there are many more options now. Here are ten of them.1. Gifting programs. In some parts of the country, builders ... more...

The Five Most Popular Questions About Bankruptcy
WILL MY CREDITORS STOP HARASSING ME?Yes, they will! By law, all actions against a debtor must cease once bankruptcy documents are filed. Creditors cannot initiate or continue any lawsuits, wage garnishees, or even telephone calls demanding payments. Secured creditors such as banks holding, ... more...

Bank Employee Incentives vs. Mr. Public Consumer
Banks rank their divisions, branches and employees as with every industry. Which branch is profiting. Which are losing? Which sell the most products/services? Which ones have the biggest increases/declines in each week, month, quarter, annually, etc. Its broken down by state, city, branch and ... more...


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