Optimists keep claiming that things in the real estate world are looking up, but reality keeps reminding us that things are not all sunshine and roses just yet. Even with the current government incentive program for encouraging home buyers into taking the plunge and buying that dream home, the American people are just not itching to buy real estate right now. According to a recent survey by the Mortgage Bankers Association, the numbers of home...more
A few years ago I was at that point in my life when I realised I wasn't happy, and thinking at the time it was purely because I was poor and living day to day, I set off on a bewildering but exciting journey to build long term wealth. I didn't realise at the time that my external world ie my unhappiness, financial situation and so on was a reflection of my internal map of reality. This included all my thoughts and processes especially the...more
There is no doubt about it that the mortgage market is hopping right now. Between first time buyers hoping to take advantage of the low interest rates and high availability of desirable homes to existing borrowers looking to refinance, lending institutions are writing record numbers of loans every day. Many of these loans will be originated from a mortgage broker. A mortgage broker is an individual that helps a prospective borrower find the best match in a lender for their needs. Unlike a bank loan officer, who can only influence applications to their bank, a mortgage broker is able to "play the field" and shop around at many different lending institutions for the best rates and terms for each borrower.Although some leads will come in to a mortgage broker on their own, for the most part, in order to stay busy and competitive, a mortgage broker will need to purchase leads from a loan lead generation service. Mortgage leads come in many basic styles. There are those that are just refinances, those that are vintage, those that are first time home buyers and those that are for older "vintage" loans. Regardless of the style of borrower, the mortgage leads themselves are one of two...more
What if there was one thing that you could do that would guarantee your a financially free future, would you do it? Well, if you said yes then you need to begin creating multiple streams of passive income right away. Passive income is the key to unlimited wealth and financial freedom, and anyone can use this wealth building strategy to create a...more
Most lending institutions like Citigroup, Country Wide and Wells Fargo are now offering their customers the chance to save their homes by availing the benefits of home loan modification. Mortgage modification is a very potent and realistic solution that can not only help to save the homes of thousands of home owners across the country but it is...more
Skepticism Towards Mortgage Lenders May Raise Strategic Failings Mortgage providers are not improving themselves stretching negative credibility among people. They are fast to pounce on poor people who could just get back to their feet with some relief from lenders. They are ignoring that millions of Americans hold their underwater mortgages instead of running away. They obtain certainly no aid from their banks or the government. As they maintain adequate jobs and they are agreeable to pay their mortgage loan despite adversities they should not be taken granted. A few of them are yet paying minimum two percentage point larger than present rates and nobody appears to appreciate their efforts a bit. Prudently, mortgage companies should look into those mortgages and see if they could reduce the burden. At least if they were helped with a lower interest rate by their existing lender the costs on them and economy would be less. They are not provided any help as they are not behind with their mortgage does not wash. Their home loans are underwater, so they can not refinance it. Nonetheless looking at it sensibly, an existing operator should see the objective of reducing their rate...more
From Country Wide and Wells Fargo to other banks, almost all lending institutions are offering home loan modification as a means for dealing with the subprime crisis and other factors marring the American economy.These mortgage modification programs...more
Author: Shari HIf you are a serious Votre Vu business builder, these marketing strategies that your upline don’t know about, can help you quickly build your Votre Vu business to the higher income levels of your compensation plan. Most...more
When you buy a home, it is important to research strategies on how to get the lowest mortgage rate. Every single interest rate point makes a huge difference when calculated over the term of a mortgage loan. Your credit has a direct...more
Another note is also important. The senior reverse mortgages grew also during the so called financial crises. This means that the benefits, which these special products give to the seniors are real benefits. The reverse mortgage system includes a so...more
Introduction To Mortgage Protection Insurance Purchasing a home is a major expense that requires a significant and long term financial commitment. When you initially apply for a mortgage, you are approved for loan funding based on your...more
Mortgage Payment Protection Insurance 11 Top Tips-Mortgage Protection Insurance UK A mortgage is a long-term financial commitment and you have to maintain the monthly repayments for the full duration of the mortgage. That's going to be over many...more