Bad Credit Mortgage Loans - Are You Killing Your Chances Of Getting Approved?
by Carrie Reeder |
When you have poor credit, your list of lenders that will approve you for a home loan can shrink down very small. You want to make sure that you are doing everything in your power to keep your credit rating as high as you can.
Many peop .. |
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Second Mortgages – Common Home Equity Questions
by Rebecca Oconnor |
According to Barry Donovan, a financial consultant and writer for Nationwide, “One of the most powerful cash vehicles driving our economy is the new and improved home equity loan.” If you haven’t put the equity in your home to work for you yet, y .. |
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Why Choose an Adjustable Rate Mortgage?
by Martin Lukac |
Adjustable rate mortgages (ARMs) are appealing to many homebuyers, but what are the risks? An adjustable rate mortgage is one in which the rate changes based on the market interest rates. The rate will adjust on a specific schedule, say once .. |
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Don't Let Rates Get You, Lock It
by Martin Lukac |
When interest rates begin to go up on mortgages, having your rate locked in can really protect you until closing. The average rate on a 30-year fixed rate mortgage has risen almost 1% in the past year. While the rise has been mostly gradual, .. |
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Mortgage Defaults Continue to Climb
by Martin Lukac |
Mortgage defaults continue their upward trend across the country. The Midwest has been hard hit this year, with Michigan and Ohio together recording 45,000 mortgages entering foreclosure for the first quarter of 2006. Michigan had an increas .. |
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Mortgage Cycling Repayment Strategy
by Louie Latour |
Mortgage cycling is a repayment strategy that can repay your mortgage in as little as ten years. This program involves making large equity payments every six months; if you don’t have the cash on had to do this, there is a way to use home equity .. |
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Mortgage Rates Continue Upwards
by Martin Lukac |
This week marked the eighth mortgage rate increase in nine weeks, setting the highest level in almost four years. The average 30-year, fixe-rate mortgage was up to 6.62% from 6.60% last week, according to Fredde Mac's weekly report. This lev .. |
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Freddie Mac Expands Mortgage Products
by Martin Lukac |
Freddie Mac announced on Tuesday that it is expanding available mortgage products for lenders through its online Selling System. The new options will give lenders more flexibility, borrowers more buying power and lower monthly payments. .. |
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