There are many good reasons to improve or remodel your home. The key is to find the right way to finance the improvements.
Spectrum Of Loan Programs
If you were to rate every possible loan program on a scale from the most conservative to the least conservative, youd have the 30-year and 40-year fixed amortizing loans on the conservative end and the negative amortization variable-rate loans on the opposite side. Those are the two extremes.
Signing The Loan Documents
Signing loan documents can be intimidating even for the most seasoned real estate professional. But things are even worse today because most Title Companies offer their clients the convenience of having a mobile notary bring the loan documents to their homes to get signed. That means the Escrow Officer is nowhere to be seen and most notaries dont know enough to properly answer peoples’ questions. Without any way of getting clear answers, the signing process has become even m…
Refinancing Mortgages: Wise Moves To Save Money
With the unsettling conditions in the home loan market today, homeowners are wisely looking at their options for refinancing mortgages. Fluctuating interest rates, slowing house prices and the sub-prime mortgages crisis have all helped to send the home buyers market into a spin. Making the decision to switch lenders or re-arrange mortgages could be an excellent move, if its for the right reasons.
Points & Closing Costs
Should you pay points? What are points? Is that money going directly into the Loan Officers pocket? Well, that depends. This article will look at these questions as well as a few others to see which strategy makes the most sense in the long run. Well also look at the math to calculate when points make sense and when they dont.
Prepayment Penalties & Indexes
This article deals with some rarely discussed mortgage details that can have a major financial impact if youre not careful. For starters, theres Prepayment Penalties. These penalties can cost you a bundle and theyre often overlooked during the origination of the loan as well as the signing. Many mortgage brokers know perfectly well the program theyre putting you in has a Prepayment Penalty and they avoid the topic as much as possible. So a lot of people have penalties and…
Personal Loans: Why Do We Need Them?
In todays world of buy now pay later, we live in the land of credit and its practically unavoidable. Personal loans, along with overdrafts, credit cards, store cards and mortgages are a fact of everyday life and we simply cant manage without them. Personal loans in particular tend to be a financial product that most of us need at some point, to help us out with short-term money issues. Comparing personal loans to other forms of credit gives a clearer picture of times whe…
Financing Strategies For Investors
Real estate investors can be broken down into three categories with the distinctions between them based on the length of time the property is held. On the short end, you’ve got flippers. These guys look for properties on the cheap, maybe put some money into fixing them up and then selling for a profit. For the most part, they have no intention of renting the property out and work as quickly as possible to complete the deal. This category represents a lot of the people chasing…
Credit & Credit Scoring
Credit scores play an incredibly important role in our lives yet few of us truly understand where they come from and how theyre calculated.
Selling Your Home is Easier if You Prepare First
There are a number of things you should do to prepare for putting your home up for sale. If you take care of these things first, your sale will go much more smoothly.
Home Foreclosures and Big Profits? Just Another Myth
There are a number of people offering their “secrets” of how you can earn a fortune investing in foreclosed homes. It’s harder than you think.
Buying a home? Consider Hiring an Attorney
There are several good reasons why you should consider hiring an attorney to help you with the purchase of a home. The money you spend on legal assistance could save you thousands of dollars later.