Everyone wants to know how to become rich, the faster the better. Many people are frustrated with their current financial situation, but don"t know what to do to change it. The first thing you must realize is that sound strategies, not get rich quick schemes, are the best and most sure way to build lasting wealth for you and your family. Many people also think that you have to be born into wealth, have rich relatives or make it big on the stock...more
Author: MPetroneBank of America mortgage refinancing options now exist for struggling homeowners thanks to President Obamas “Making Home Affordable” stimulus plan. This $75 billion program is designed to help people avoid losing their home, save money, and get a better mortgage. Qualifying for mortgage refinancing is now easy with Bank of America and other participating mortgage lenders. This $75 billion is being used to keep mortgage...more
Defaulted mortgage loans are not the easiest notes to sell or cash out. More than a hundred banks have gone under because the mortgages they held went into default in quantities large enough to throw off the ratios needed to retain solvency. This is a problem that has not necessarily transferred over into the private mortgage sector.Private mortgages are usually held by individuals, not banks. Normally the person who has a private mortgage note has sold a property, most often a home and carries back a mortgage and a note on which the buyer makes payments, just like they were the bank. This is referred to as seller financing because the seller of the property is the one financing it. Many individuals don't trust banks or lack personal credit to be able to qualify for a mortgage the traditional way, through a bank. A fast growing sector of the financial sector is holding private mortgages in an Individual Retirement Account, or IRA. Mortgage notes are security instruments, just like stocks and mutual fund. Instead of holding a part ownership of a publicly traded company on a stock exchange or bonds, you can hold the mortgage of a property that is providing interest income. I know...more
Author: Ron G HollandBe a Successful Entrepreneur by developing products and services that fly. It amazes me the number of business people that have crappy products and ideas and stick with them for years. Wake up…if what you have is not working find a product that there is a massive demand for. This is the key to wealth management! Be a ...more
More than likely if you have a Standard Variable Rate Mortgage you face at least a $50 monthly repayment increase. Whenever the Reserve Bank opts for an increase in the official Cash Rate, you will need to, more than likely, look for additional similar increases in the ensuing months.Its the Lenders CallIt is ultimately your lenders call whether...more
Author: Pinki GuptaMortgage banking or How Key Is Your profession Score? Who Cares About Your Credit Score? Most folks applying for and paying for credit don't realize how significant their credit score is.Visit here http://first-mortgage-quote.blogspot.com A low score can fee thousands in added interest outlay on mortgages, credit cards and even insurance.Do you know what your credit score means to you? Discovering what your credit score is besides how well it stacks-up to other scores will prove whether or not you can do desired credit when you apply in that it besides what interest ratio you must pay even if you can get it.The major asset of this earn is to body out if you are an acceptable financial risk to lend cash to. High quality risk profiles will shell out a lot less dominion interest charge due to the fact that the bank trusts that these debtors having loans on their books consign pay them finish off according to central provisions agreed to besides there bequeath be no shortage or foreclosure. If the bank determines the loan to be a exceeding than ordinary risk they have to charge much bigger influence rates so they can recover as much money as achievable prior to...more
Author: MPetroneHomeowners everywhere are struggling to make their payments, and many homes are at risk of being lost. However, new Government stimulus plans make refinancing a mortgage easier than ever. The “Making Home Affordable” plan from the...more
Two weeks ago mortgage rates hit historic lows with the 30 year falling to 4.78. The next week they fell even further to 4.71. This week they rose back up to 4.81. Although they rose a tenth of a point the mortgage rates are still near historical...more
Just in case you have missed all of the positive press about it...the mortgage industry's quiet little secret is slowly becoming common knowledge, and a super hot subject at the water cooler.In spite of the fact that every effort has been made to...more
Reverse mortgages have been around for a while and the Department of Housing and Urban Development (HUD) under the Federal Housing Administration (FHA) was one of the first to offer them.Before diving into the deep end of a reverse mortgage, you need...more
Author: Alvin ClavinesBankruptcy can be difficult especially the long process that comes with it. But after the bankruptcy discharge has been issued, it is important to create good credit again for future purposes. You would want to boost your...more
Author: Robert QuadraYou can retire wealthy within 4 years and enjoy your growing income along the way! Millions of people have accomplished this wonderful goal and you will too with the right plan.Skepticism and doubt is OK, but as you continue to...more