Mortgage Broker Training: How to Secure Loyalty From Realtors
So youve just returned to your office after delivering an Oscar worthy presentation to a real estate agent. Theyre impressed and ready to do business with you. In fact, they promised to refer their next buyer to you. Good job, now you can kick your feet up on your desk and wait and wait and wait ... more...

FHA Mortgage: When Your Downpayment is a Gift
There has been so much fraud discovered in the FHA program allowing gift funds for downpayment that Lenders and borrowers are required to absolutely document every step of the gift transaction to prove it was legitimate.Heres how it works: FHA allows the required downpayment to be a gift from ... more...

Zero Down Payment Mortgage Can It Be Done?
Ive been renting for years now; Ive always paid my rent on time. Ill start a savings account soon, so I can buy a house: sound familiar? How much is in that savings account now? Just as I thought, not enough, you went on vacation, found a car you had to have, or WOW; look at the flat panel T.V. ... more...

Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics
A mortgage is usually the biggest purchase that an individual makes, and because of that, many people tend to get nervous during the process. But wouldnt it make things easier if you felt that you had a handle on the processor at least the terminology? After all, in order to get the best deal on ... more...

The Cost of Refinancing - What Costs To Expect When You Refinance Your Home Mortgage Loan
Refinancing can save you thousands, especially if you have several years left on your mortgage. However, you can also choose to refinance simply to tap into your homes equity or reduce your monthly payments.How much will it cost? is a common question for homeowners considering refinancing their ... more...

Home Loans and Mortgages Beware of New Mortgage Elimination Scam
The booming real estate market has allowed many Americans to become equity rich. They may not have a lot of cash on hand, but they might have equity in their homes worth several hundred thousand dollars or more. Unfortunately, this increase in home wealth has spawned an equally booming business ... more...

The Reverse Mortgage - What The Heck Is It Anyway?
Are you 62 or older and own your own home? Then, you probably qualify for a reverse mortgage.But, what the heck is it anyway? Well, if you still have a conventional mortgage ... or had one until you burned your loan papers ... this is simply the reverse of what you have or had.A reverse mortgage ... more...

Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
There are many benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. It is important to look at all options when it comes to something as important as getting a mortgage for your new home.There are a few benefits to fixed rate mortgages. One benefit is that the ... more...

Mortgage Costs and Fees Defined
If you are getting ready to buy a new home or to refinance your present home, you can benefit considerably by educating yourself on the basic costs and terms connected with mortgage loans and payments. Knowing in advance about current interest rates, discount points, loan fees, principal, interest, ... more...

Home Mortgage Loan Refinancing - Ready to Refi?
All right. Youve run the numbers a million times and determined that it is definitely the time to refinance, whether it is to simply lower your payments, reduce your terms or consolidate some credit card debt. Whats the next step? Sit back, relax and wait to close? NO!Make your life easier while ... more...

About Refinancing Your Home Mortgage Loan
Because of low mortgage rates, many homebuyers choose to refinance their current home loan. Refinancing at a lower interest rate means homeowners will pay reduced monthly payments. The ultimate goal of refinancing a home loan is to save money. Although refinancing may appear to be a smart move, ... more...