A Mortgage and Bank Trick You Should Avoid at All Costs
Once youve purchased your home, you will begin to get correspondence from your lender about a Mortgage Reduction Program, in which you can cut years off your mortgage, without adding money to your payment. This is another trick bankers have to get you to give them your payment sooner, so they can ... 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...

Seven Steps for a New Home Loan Purchase
Buying your first home and becoming a home owner is one of the most exciting steps in any person's life. With home loan purchase rates at the lowest they have been in decades, this is an opportune time to purchase a home. At Bad Credit Lender, we work with affiliate mortgage brokers who work hard ... more...

Mortgage Loans
A mortgage is a device used to create a lien on real estate by contract. The mortgage is an instrument that the borrower (called the mortgagor) uses to pledge real property to the lender (called the mortgagee) as security for a debt, also called hypothecation. The mortgage, as a rule, consists of ... more...

Basic Home Loan Terms Explained
The wonderful world of home buying can sometimes overwhelm the first time homebuyer. They are inundated with information riddled with terms of art. ARMS, points, interest rates, good faith estimates, pay-downs, lock-in dates, so on and so forth. Though some or all of these terms may seem ... more...

How to Shop for the Best Mortgage Loan
Shopping for a mortgage loan can be overwhelming. Whether you are purchasing a new home, refinancing your existing mortgage, taking out a 2nd mortgage, or applying for a home equity loan, you need to do your homework first.When comparison shopping for a mortgage loan you need to collect ... more...

Lessons from the Wedding Mafia
One of my clients shared a story with me from his networking group, a chapter of BNI. Ivan Misner, the creator of BNI talks about what he calls contact spheres.Heres how it works: A group of related business owners work together to get referrals for each other. Here are some of Misners examples of ... more...

Understanding Real Estate Terminology
Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.For ... more...

Working With Your Real Estate Attorney
Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally ... more...