Do You Really Need the Services of a Loan Modification Company?

Do You Really Need the Services of a Loan Modification Company?

Every homeowner who is thinking of modifying their existing mortgage in order to save their home from foreclosure is probably wondering whether they should apply for a loan modification on their own or utilize the services of a loan modification company. The arguments for and against using a loan modification company always comes down to […]

Mortgage Loans With Bad Credit: Understanding How Your FICO Credit Score Impacts Your Eligibility

Mortgage Loans With Bad Credit: Understanding How Your FICO Credit Score Impacts Your Eligibility

Many people who look for home loans these days have a vague sense of the importance of a FICO credit score in determining loan eligibility. It is true, that your credit history can weigh big in your ability to borrow the money you will need to finance the purchase of a new home. However, bad […]

How to Obtain a Mortgage Refinance

How to Obtain a Mortgage Refinance

There are many homeowners that are looking for a way to lower the monthly mortgage payments. Most people want to take advantage of lower interest rates which can help to make their payments more affordable. When interest rates this is the perfect time for people to take advantage of lower rates with a mortgage refinance. […]

How Much Will A Refinance Will Save You?

How Much Will A Refinance Will Save You?

Loan Payment Basics Your monthly loan payment is based on several factors, including the interest rate, the loan term, and the loan type. The interest rate is a basic factor. Obviously the higher your interest rate is the higher your monthly payment will be. The loan term is a critical factor. A 15 year mortgage […]

Recent U. S. Home Prices

Recent U. S. Home Prices

In the 4th quarter of 2006, home prices dropped in 73 markets out of 149 tracked, and the year-over-year decrease reached the record 2.7%. This is the deepest and most widespread price slump reported by the National Association of Realtors (NAR). In 4 metro areas, prices dropped by more than 10%, the Sarasota-Bradenton-Venice market scoring […]

The Ins and Outs of Loan Modification #25 - What is Most Important?

The Ins and Outs of Loan Modification #25 – What is Most Important?

When you are looking at your options of loan modification like lowering the overall interest rate, reducing your balance due, shortening or lengthening the deal and even getting rid of late fees you need to base your decision on a few factors. If you are just trying to save some money you may want to […]

When Applying For a Mortgage, How Much Can I Borrow?

When Applying For a Mortgage, How Much Can I Borrow?

The real estate market is full of bargains these days. Homes that sold for $500,000 a year or so ago can probably be picked up for less today because the housing market has become soft or has turned into what is known as a buyer’s market. So, when you’re out there looking for a home, […]

What to Expect When Re-Mortgaging - A Guide to Refinancing Your Home

What to Expect When Re-Mortgaging – A Guide to Refinancing Your Home

Regardless of why you want to refinance your home, there is a process that you need to follow to re-mortgage your UK property and cash in the equity that you have built in your home. Before you do anything, though, you should study the housing market in your particular neighborhood. Doing so will give you […]