These days buying a house is like gaining a degree in finance. Thanks to the fact that most of us are unable to afford a house all on our own, we have to do the rounds of the various loan providers. Finding great loans and mortgages from the millions that crowd our mailboxes is quite a task. You have to keep your eyes open all the time. And you have to weigh each option as objectively as you can. In addition, you do get to find out about all kinds of loans that are put out th…
How To Compare Mortgage Quotes
So you’re interested in buying a house and you’re looking at home mortgages online. Whether you’ve decided on a fixed rate mortgage, an adjustable rate mortgage or any of the other various types of mortgages offered, there are several things to be sure to look at when comparing the offers.
Mortgage Advice: 7 Tips for Establishing Credit
According to Experian, a credit score is a number lenders use to help them decide: “If I give this person a loan or credit card, how likely is it I will get paid back on time?” The information from your credit reports is used to create your credit score. Before getting a line of credit, get your free credit report from each of the three major credit reporting agencies (CRAs): Experian, Equifax, TransUnion. Under federal law, you are entitled to one every year.
Eliminating Compounding Interest with a Second Mortgage
Debt consolidation can be a confusing subject. There are many conflicting views on what a consumer buried in credit card debt should do to get back on their feet. These conflicting views have everything to do with the fact that the best solution is always unique to the individual and if youre in trouble you should do your homework. The next move you might want to consider is a debt consolidation loan and if you own a house, a home equity loan or second mortgage might be worth considering
Fixed Rate Mortgages: The Ups and Downs
This article gives you overview, information and benefits of fixed rate mortgages.
Achtung ! Stay Away From Adjustable Rate Mortgages …
Adjustable rate mortgages may offer low rates, but they may not be the best option right now. Here’s why …
5 Great Reasons To Refinance
There are many great reasons to refinance. With lower cost, adjustable rate, and 0-down options, traditional loan programs like 30-year or 15-year fixed rate mortgages don’t always allow us to meet our financial goals. Today, even reducing your mortgage interest rate a little can save you big over the life of your home loan. Take a look below at 5 great reasons to refinance.
1. Lower Your Monthly Payment
If you plan to live in your home for a few years, it may make sense …
Debt Consolidation Refinance Advice: Chapter 13 Bankruptcy versus Ch. 7 BK
Under the old bankruptcy laws, most debtors chose between a liquidation proceeding under Chapter 7 of the Bankruptcy Code and a wage-earner repayment plan under Chapter 13. Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), new bankruptcy law, a two-part means (income) test now determines if your are eligible for Chapter 7 or must file under Chapter 13 for relief. Filing for bankruptcy should always be a last resort, since it damages your credit for many years.