One of the biggest causes for the housing bubble (and, later, it's big pop) was the difficulty and complexity of shopping for home mortgages. With so many different fees and rates and penalties and points to compare, the average home buyer had an incredibly difficult time trying to figure out what kind of mortgage was best for them, while many dishonest lenders tried to confuse consumers into more costly options. Now the Department...more
Daniel Kertcher is the CEO and Founder of Platinum Pursuits. He is well known as an expert within Australian wealth and stock trading education. Born in 1972 Toronto, Canada, he moved to Australia when he was 16. He completed his degree, Bachelor of Science at University of Queensland with a major in Neurophysiology (Brain Research).In 1993, he joined the real estate industry and was soon promoted to off-shore manager for the company. In 1995 he...more
The practice of a multi currency mortgage involves using the fluctuations in currency exchange rates to obtain the best interest rates on mortgage repayments. Switching a mortgage into a different currency when beneficial changes in foreign exchange occur, can theoretically reduce the amount of the loan, along with the amount of interest due to be paid on the loan.Just as mortgages that are obtained in foreign countries for purchasing foreign property reflect the interest rates of that particular market, multi currency mortgages are designed to obtain the best conditions of the exchange market to the benefit of the client.The ideal moment to switch between currencies is decided by specialist financial brokers, with a comprehensive understanding of the exchange market. Due to the volatile fluctuations of currency exchange rates, mortgages based on these principles are entirely reliant upon the direction of exchange rate movements and the specialist knowledge of the broker.Many currencies may be used in multi currency mortgages, although most commonly they tend to switch between the Pound Sterling, US dollars, Japanese Yen, Euros and Swiss Francs. While it may seem like an ideal...more
Obtaining financing to take advantage of one of the best moments in recent history for acquiring real estate has become one of the biggest hurdles for potential buyers to overcome. While only two years ago lending practices were at their most lenient, the sudden turnaround has been dramatic. More so than ever before have personal credit ratings...more
Certification in Mortgage advice and practice is vital for a person to practice as a recognized mortgage advisor. If you decide to shift your career to or start your career in Mortgage field then CeMAP is your launch pad. It is like obtaining a driving license in order to drive in public. There are a number of courses that are offered to suit the...more
Right now is a great time for struggling homeowners to refinance their mortgage and use President Obamas $75 billion “Making Home Affordable” plan for themselves. Getting approved for a refinance with Obamas stimulus is easy, and homeowners who use it will save a lot of money, prevent foreclosure, or both. Here is what homeowners need to know about Obamas stimulus plan. This stimulus plan is designed to make it easy for nearly any homeowner to get approved for a mortgage refinancing. This is possible because of the $75 billion in Government money. This money is being given as cash incentives to lenders and banks who offer struggling homeowners a solution that follows the guidelines of the Obama plan. Some of the biggest benefits of the Obama plan that homeowners will see are: -Mortgage payments every month will not be greater than 31% of a homeowners gross monthly income. -Interest rates that can be reduced to as little as 2%. -No cost or fees when getting a mortgage refinancing through Obamas plan. -Easy approval requirements that allow homeowners with an upside down mortgage, bad credit, or other financial hardships to get approved for mortgage refinancing....more
Millions of homeowners are now eligible to refinance a mortgage using President Obamas stimulus plan. This stimulus provides over $75 billion in funding to assist struggling homeowners and offer them new mortgage refinancing options...more
If your past mistakes led you to foreclosure, you probably feel like the weight of the world is on your shoulders and that you may never qualify for a home mortgage again. The truth is that obtaining a home loan post foreclosure...more
Are you behind on your timeshare maintenance fees? Do you find that your timeshare investment is something you haven't really been enjoying for the past years? Perhaps it's time to venture into timeshare loan modification and find out how you can...more
Many have been had over the prospect of owning a timeshare property as a vacation home. Though many testified that these properties are a worthwhile investment, there are those, however, who have felt the financial brunt of timeshares and want to get...more
Both commercial mortgages and remortgages can be of great help if you need to raise fund for the operation and management of your business. But before going for a mortgage or remortgage loan, you should weigh the pros and cons of it. Interest rate is...more
A mortgage modification is a change to an existing mortgage loan that will make the payments more manageable for the borrower and help both lender and borrower avoid foreclosure. For both parties, this represents a big change that will hopefully...more