Buying Properties in Foreclosure and Pre-Foreclosure!
Foreclosure is a legal process that a lender initiates after the borrower fails to repay the loan as per the terms of the contract. The lender initiates the foreclosure process to reclaim the possession and ownership of the property. If the borrower misses three consecutive monthly payments(state ... more...

Second Mortgage Lenders
As with any investment, taking a mortgage requires analysis. It is a good idea to research different mortgage lenders before choosing one. A mortgage lender is an individual or company the loans money. People have to repay the money loaned and interest. Choosing the correct moneylender is vital ... more...

Do You Have An Endowment Policy?
Do you have an endowment policy that you hope will eventually pay off your mortgage? If you do there is a very good chance that it might not be sufficient to repay your mortgage at the end of its natural term. If you have been reading the financial press you may already know this.And if you have ... more...

Buying a Home after Foreclosure - Comparing Bad Credit Lenders
After a foreclosure, you may be a little hesitant to apply for a new home loan. Moreover, several lenders will question your ability and willingness to repay the mortgage. Although there are many obstacles to getting approved for a mortgage loan after a foreclosure, homeownership is ... more...

How to Buy a House After a Foreclosure? 3 Tips on Getting Approved
Purchasing a new home after a foreclosure is tricky, but not impossible. Foreclosures arise when a homeowner is unable or unwilling to repay their mortgage loan. After several unsuccessful attempts to collect payments, mortgage lenders reclaim the property. A foreclosure reduces your credit rating ... more...

The Three Factors of Credit-Worthiness
Between the Internet, well-meaning family and friends, and know-it-all articles in the print media, it's hard to know where the facts end and the nonsense begins. Facts are everywhere, but so are urban legends, hidden agendas, and opinions posing as truth. Fact or fallacy - it can be devilishly ... more...

Recent Bankruptcy? It's Not Impossible to Obtain a Home Loan
Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws. The vast majority are simply overextended and cannot possibly repay the obligations they have open.However, for many filers, the opportunity of ... more...

A Quick Guide to Remortgage
Remortgaging means that we are taking a new mortgage to repay an existing one.As time passes, the appreciation in property rates raises the home equity available at the disposal of the homeowner. Remortgaging utilizes this increase in property valuation to get a better deal on debt, or some extra ... more...

Save Money on Your Mortgage Loan
Did you know if you borrow $100,000 for a mortgage loan, you may pay back as much as $300,000? Yes, its true, and you may pay more than that depending on the interest rate and the number of years it takes you to repay the loan. The amount is even higher if the terms of your loan require mortgage ... more...