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Real Estate: Mortgage Refinance Articles from EzineArticles.com
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Loan Modification Help - 6 Tips That Work With Any Lender
6 Jan 2009 at 5:00pm
Struggling homeowners need all the help they can get when going up against their lender to obtain loan modification help. Trying to understand the loan modification process and complete the application properly can be confusing and frustrating. Here are 6 TIPS that will help you cut through the red tape and get your own loan workout with an affordable monthly payment.
How Subprime Mortgages Change People
6 Jan 2009 at 4:55pm
The recent global financial crisis start from subprime mortgages. Subprime borrowers typically have weakened credit histories like payment delinquencies. These subprime mortgages have created a lot of trouble for the world, and have changed people like...
Mortgage Rates Hit Fresh 30 Year Lows (Again)
6 Jan 2009 at 4:23pm
So rates fell slightly this week. This marks the 10th week in a row rates have fallen. This is also the 3rd week where the the 30 year mortgage rate (the most popular mortgage product) has hit new 30 year lows. The 30 year rate fell from 5.14 to 5.10. The 5 year arm rose from 5.49 to 5.57.
Why Now Is a Good Time to Refinance Your Mortgage
6 Jan 2009 at 4:08pm
With historical low interest rate that are now in effect now would be a good time to sit down and figure out what you need to do to your home to get it sold, or what credit debts can be paid off as we may not see these rates around for too long. Stop sitting on the fence and make that move. Shop around for the best rate for your needs.
DIY Loan Modification in a Nutshell - Can You Do it Yourself Or Will You Need...
6 Jan 2009 at 3:42pm
Do you need professional representation to obtain your loan modification? That decision boils down to an individual choice. If you are organized, focused, and can stick with a twisting turning project, you will do fine on your own. Loan modifications can take up to 60 days to complete.
Negotiation - The Mortgage Borrowe's Best Tool
6 Jan 2009 at 3:27pm
Remember when you bought your first used car? Chances are you were young and used a fair bit of negotiation to get the price to where you thought you were getting a good deal. The years may have went by and you are a bit older now, but now that you are working on buying a home and taking on a sizable mortgage you should sharpen up your negotiation skills to put them to work to help you save thousands of dollars on your mortgage!
Understanding Escrow
6 Jan 2009 at 3:27pm
When we talk about escrow as it relates to mortgages and real estate we are actually talking about two different topics that concern home buyers: the closing of the sale on a house (referred to as escrow) and the mortgage escrow account (a fund set aside for on-going expenses while the lender holds the note on your house). Let's take a brief look at both of these concepts so you can be better prepared when you decide to buy your first home and take on a mortgage.
Mortgage Rates - The Benefits of Refinancing
6 Jan 2009 at 3:27pm
So you've lived in your home for some time now and have been content mailing off your mortgage payment every month. Yet when you turn on the nightly news you see that mortgage rates are 1% lower than what you locked into 10 or 15 years ago and realize quickly that you may be paying more money than you have to in interest rates on your mortgage.
Refinancing During Bailout
6 Jan 2009 at 3:08pm
Many homeowners are facing difficult time to get approved for mortgages. If you have an excellent credit there should not be a problem for you. If you have bad credit you may face difficult times to get approved. Also, your home value may have dropped slightly or significantly during this year. So are you stuck?
Federal Mortgage Plan to Help You Refinance
6 Jan 2009 at 2:51pm
The federal government's Hope For Homeowner plan started Oct. 1 and a "proactive home retention plan" for Countrywide customers will begin in December. This program is slowly making its way to help homeowners as government is providing $40 billion to help homeowners to avoid foreclosure.
Get Mortgage Rates at 4.5%
6 Jan 2009 at 2:42pm
Lobbyist are pressuring the Treasury Department to prepare a plan to purchase current portfolios of mortgages from banks in hopes of lowering mortgages to as low as 4.5%. Last week, the Federal Reserve announced it would buy $500 billion in mortgage backed securities from Fannie Mae, Freddie Mac a Ginnie Mae. Response was immediate as mortgage rates dropped.
Refinancing Mortgages in Demand
6 Jan 2009 at 2:42pm
Dramatic drop in mortgage rates has stirred interest in refinancing. According to Freddie Mac 30 year mortgages rates fell to an average 5.47 percent in the last week, as it was the lowest since March 2004.
30 Year Fixed Drops to 5.10 Percent
6 Jan 2009 at 2:41pm
Mortgage rates on 30 year fixed loan dropped for a ninth consecutive week and reaching the lowest levels in 37 years. Interest rates on the 30 year fixed mortgage dropped to an average of 5.10 percent according to s survey released by Freddie Mac, down from previous 5.14 percent.
Interest Rates Plunge, Borrowers Rush to Refinance
6 Jan 2009 at 2:41pm
Homeowners everywhere are taking advantage of low rates as Fed cut rates. Mortgage brokers reported a surge in refinance applications as rates have come down to 5.06% for 30 year fixed...
What is Mortgage Loss Mitigation?
6 Jan 2009 at 2:15pm
Foreclosures are at an all-time high. What are investors doing about it?
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This is Money | Mortgages & homes
House price trends, property analysis and best-buy mortgage deals
Nationwide: house prices plunge 15.9% in 2008
Britain's biggest building society today said house prices crashed by 16% in 2008 - and refused to make a prediciton for 2009
Mortgage hunting? Find a 40% deposit
A quarter of mortgage deals are available only to borrowers with a 40% deposit, it has been revealed
London property owners face more gloom
More than a third of a million homes in London are already worth less than their owners paid for them
Property slump hits footballers hard
Footballers have ploughed money into property, but as old school buy-to-let investor Robbie Fowler profits, others such as Steven Gerrard and Wayne Rooney are losing out
Has your mortgage rate been cut?
Will you benefit from mortgage rate cuts after the Bank of England slashed the bank rate from 3% to 2%?
House prices: Will your home sell in 2009?
House prices dived in 2008 as the property market had a terrible year, but will 2009 be any better? We round-up the experts' predictions
Unlocking mortgages is key to lifting prices
Comment:The Evening Standard's Homes & Property editor, says that a period when property is for nesting rather than investing is overdue
Banks 'using excuses' to refuse mortgages
Homeowners are being refused mortgages for 'the most spurious of reasons' amid claims that lenders are seizing on any excuse to reject applications
Pound plunge ends the Costa dream
With the pound in freefall, thousands of pensioners are finding their retirement dreams in tatters. Tom Rawstorne reports from Spain
£5.7bn scramble to pay off home loans
Homeowners are ploughing money back into their properties at a record pace in an attempt to slash their debts, official figures show
Inside Track guru targets failed clients
After encouraging thousands to board the buy-to-let bandwagon, the founder of Inside Track will prey on their depreciating assets with a vulture fund
Mortgage rationing leaves borrowers stuck
Mortgage rationing has left many borrowers unable to take advantage of interest rate cuts as lenders' margins on fixed and tracker rates have soared
How to stop mortgage collar strangling you
Borrowers with tracker mortgages are being urged to check their paperwork after confusion over deals left 750,000 homeowners celebrating last week
What to do with a mortgage windfall
Millions of borrowers have been handed a windfall as tracker payments fall with the bank rate - but what should you do with the cash?
Repossessed: 'We never missed a payment'
A couple have been threatened with repossession even though they have never missed a payment on their mortgage
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FT.com - Personal Finance
FT.com - Personal Finance
House prices down 15.9% on a year ago
6 Jan 2009 at 9:34pm
Nationwide reports further fall in house prices for December that wiped out previous gains and pushed the average decline for 2008 to a record low for more than 50 years
Cameron promises tax breaks for savers
5 Jan 2009 at 5:01pm
The Tory leader plans to cut the size of the state and fund tax breaks for savers, drawing sharp economic dividing lines with Labour ahead of the next election
Q&A: Conservative plans to help savers
5 Jan 2009 at 12:11pm
How does the Tory party plan to help savers and would these proposals do much to help?
Find the best savings rates
5 Jan 2009 at 7:14am
Savers should review the rate they are receiving and compare it to the 5 per cent deals currently available
FSA to probe profits warnings
4 Jan 2009 at 5:32pm
Leading companies are being probed by the financial watchdog over possible failures to disclose key trading data to the stock market, in a wide-ranging crackdown that threatens fines and criminal prosecutions
Brown plays down second bank injection
4 Jan 2009 at 2:04pm
Britain's banks may need another injection of capital from the taxpayer, the prime minister acknowledged, but he insisted the matter was not being addressed as a matter of urgency
Savings rates set to fall
2 Jan 2009 at 11:34am
Nine providers reduced their best savings rates this week, taking the average instant-access rate down to 1.66 per cent ? and that's before last month's base rate cut is fully factored in
Rise in property 'firesales' spurs call for regulation
2 Jan 2009 at 11:37am
More property owners are using Sale and Rent-Back schemes to stave off repossession or cut losses on buy-to-let investments
Sterling looks set to take another pounding
2 Jan 2009 at 10:19am
Experts don't expect the pound to make its comeback soon ? but investors can make a few pennies out of its weakness
Recovery awaits for those who choose
2 Jan 2009 at 11:41am
A UK stock market recovery in the second half of 2009 is the consensus forecast from brokers and fund managers, but stock-picking will be key
House prices slide as economy dives
2 Jan 2009 at 11:01am
As the economic downturn picks up pace in 2009, house prices are forecast to fall further
Lenders display goodwill by not enforcing clauses
26 Dec 2008 at 8:41am
Lenders are showing some goodwill to their customers by choosing not to enforce clauses in mortgage contracts demanding additional payments
Brick by brick, the market crumbled
29 Dec 2008 at 6:24am
Amid what now appears to be the worst housing slump for more than 50 years, lenders, brokers and agents say the severity of the decline in house prices has come as a surprise to everyone.
Lenders reel from a chaotic year
29 Dec 2008 at 6:21am
Take a glance at the best mortgage rates on offer now and it may seem that 2008 has been a fairly benign year for borrowers.
Savvy savers locked in before rates plunged
26 Dec 2008 at 6:16am
Cash savers, particularly those who have been prepared to move their money in search of the best rates, have banked top returns for most of 2008
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UK Mortgage News - Certus Mortgage Solutions
UK Mortgage News - Fresh articles each day, created by Certus Mortgage Solutions or hand-picked from hundreds of world-wide sources. Certus-Mortgages.co.uk - The Online UK Mortgage Guide.
Public uninformed about house buying process
by system@certus-mortgages.co.uk (Editorial team)
10 Dec 2006 at 6:00pm
Nearly a fifth of homebuyers think estate agents carry out conveyancing, and a further 8% believe homeowners actually carry out the task themselves, a poll commissioned by the Council for National Land Information Service (C-NLIS) reveals.
FIRST TIME BUYERS SAY YES
by system@certus-mortgages.co.uk (Editorial team)
12 Dec 2006 at 6:00pm
Nearly half of all first time buyers would prefer to commit to a hefty 50 year mortgage to get a foot on the property ladder, rather than take a loan from a family member or buy with a friend, according to the results of a survey conducted by leading property portal, HotProperty.
Uncertainty for market next year?
by system@certus-mortgages.co.uk (Editorial team)
17 Dec 2006 at 6:00pm
Propertyfinder.com has given it outlook for the property market in 2007 and believes it is harder to predict than in previous years.
Loan fees becoming obsolete
by system@certus-mortgages.co.uk (Editorial team)
20 Dec 2006 at 6:00pm
Loan fees becoming obsolete By Joe McGrath, editor nplonline More than one in five unsecured lenders no longer charge early redemption fees, according to research from MoneyExpert.
Equity withdrawal not used for house purchase
by system@certus-mortgages.co.uk (Editorial team)
14 Jan 2007 at 6:00pm
The Council of Mortgage Lenders (CML) has reported 85 per cent of people who withdrew equity in the last three years used the money to fund home improvements or pay off debt.
Consumers 'hate' shopping for life insurance
by system@certus-mortgages.co.uk (Editorial team)
1 Mar 2007 at 6:00pm
FSA figures show that people are savvier when shopping for home gadgets than they are when searching for life insurance.
Government introduces revised HIP rules
by system@certus-mortgages.co.uk (Editorial team)
29 Mar 2007 at 7:00pm
The government has introduced its Home Information Pack (HIP) regulations, which were laid before parliament today (29 March 2007).
New code could prove headache for landlords
by system@certus-mortgages.co.uk (Editorial team)
3 Apr 2007 at 7:00pm
Commercial lenders could be hit by revisions in a code for leasing businesses premises, according to a major property consultant.
Buy-to-let landlords could face £2,500 over smoking ban
by system@certus-mortgages.co.uk (Editorial team)
2 Jul 2007 at 7:00pm
Landlords, or managing agents, of flats, bed-sits or multi-occupancy houses could be hit with £2500 fines for failing to enforce the ban along with the correct signs.
Time bomb for 1m mortgages
by system@certus-mortgages.co.uk (Editorial team)
2 Jul 2007 at 7:00pm
Up to a million homeowners could see their mortgage repayments jump by almost a third in the next 12 months as they approach the end of cut price mortgage deals.
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ArticleSphere.com: Finance | Mortgages Refinance
Mortgages Refinance articles from ArticleSphere.com
Interest Rates Versus Points Posted By : Lee Keadle
5 Jan 2009 at 2:00am
Most home buyers are familiar with the interest rates that come with mortgages. Interest rates for home loans have gotten a lot of attention in the news recently because theyre the lowest theyve been in decades. Right now, interest rates are in the five to seven percent range for conventional loans.
Biggest Home Mortgage Mistakes Posted By : Lee Keadle
5 Jan 2009 at 2:00am
Biting off more than you can chew. This is the worst problem we see from past borrowers. Although a lender may approve you for higher loan that what you were expecting, it doesnt mean that you should necessarily buy a home that expensive. Find out what the monthly payment will be, and compare that amount to what you currently pay for housing. Will it be a stretch to make that payment every month? Its not worth taking the risk and having to sell the home later simply because you couldnt afford it to being with. You dont want to be stuck with a home that you never should have bought.
Mortgage Loan: Stay Away From Mistakes That Can Cost You A Lot Of Money Poste...
5 Jan 2009 at 2:00am
There are several home mortgage loan errors you will want to be cautious of when looking for a home to buy. Everything from not getting pre-approved to not repairing your credit can be damaging to the loan you will have as well as what kinds of interest rates you will be facing. Keep in mind that this process is serious and find yourself the lowest home mortgage rate possible for your resources.
Mortgage Loan Modification Common Questions Posted By : Adam Matheson
4 Jan 2009 at 2:00am
The mortgage crisis has many homeowners becoming very anxious to get rid of a unaffordable home loan due to a number of reasons. Some solutions for homeowners are to either refinance or get a loan modification from their bank or lender. Since home values have been decreasing some homeowners simply walked away or were unsuccessful in modifying their home loan. Here are some valuable steps to get you the desired results in your favor.
Florida Mortgage Broker Posted By : Jamie Hanson
1 Jan 2009 at 2:00am
These are times of recession and it is expected that real estate will bear a major brunt of it. Having said this, few government initiatives at the right time can turn things under different radar. Well! The sub prime crisis is fresh in our minds but a more cautious spread from the mortgage companies can always be helpful in a fair lender-borrower relationship. Florida is doing very well in terms of its real estate, and it is looking to buck the recession trend.
Mortgage Loan: Buying A Home Is A Huge Step In A Life Posted By : Dom Hallet
1 Jan 2009 at 2:00am
There are several steps in life that every individual strives for in their life. There is graduating from college, getting a secure creating their own entreprise, getting married and having kids. These are all stimulating moments in a lifetime. And the time you buy your first house is one of these moments. It can be very difficult to gather the amount needed to purchase a first house, as well as a second or even a third one. Because of this, you will have to raise a mortgage loan.
Getting Qualified in Todays Mortgage Market Posted By : Lee Keadle
29 Dec 2008 at 2:00am
Home mortgages have gotten a lot of attention in the news during the past few weeks. As home buyers keep hearing about how lenders are tightening the loans they give out, many people are wondering if theyll now be able to get the home they could have easily bought months ago. Ive included in this article one of the most common questions weve gotten from home buyers in the past few weeks: is it harder to qualify now than it was 3 months ago before the mortgage crunch?
Should I Get Re-Approved for My Home Loan? Posted By : Lee Keadle
29 Dec 2008 at 2:00am
A lot of buyers have been sitting the fence the past few months, waiting to see what the market is going to do before they buy a home. Now that lenders are using stricter guidelines for approving borrowers, many of these buyers are worried that theyre going to be stuck on this fence and wont be able to get the home they wanted now. Learn how the mortgage changes will affect your approval.
Refinancing Your Home Mortgage Posted By : Lee Keadle
29 Dec 2008 at 2:00am
In the past 30 years, interest rates have ebbed and flowed significantly in a financial tide of home mortgage offerings. Near the beginning of the 1980s, for example, rates for traditional 30 year, fixed rate mortgages were around 18 percent. Right now, though, were seeing rates for the same type of loan around 5 percent and on some days recently, in the 4 percent range.
Should I Refinance Now or Wait for Higher Scores? Posted By : Samantha Taylor
26 Dec 2008 at 2:00am
When market rates are low and are expected to go down further, you can apply for a refinance of your existing mortgage at 680 middle score. Its not necessary to wait for higher scores because you may get the same rate of interest within a certain range of credit scores.
What You'll Get from Your Mortgage Broker Posted By : Darlene Gremlek
26 Dec 2008 at 2:00am
In the time you are considering buying a house, there are so many issues that you will be required to to learn that it can be very daunting. At this point, you are probably questioning what the difference could be between working with your mortgage broker and working with a bank for the purchase of a house.
Offset What Posted By : Micheal Challiner
22 Dec 2008 at 2:00am
What would you think of a mortgage which is part of your current account and could, in part, be paid by the interest on your savings? It has certainly aroused lots of attention and the number of these mortgages has multiplied something like twenty times over a seven year period.
It's A Fix Posted By : Micheal Challiner
22 Dec 2008 at 2:00am
Fixed rate mortgages are very straightforward. At the beginning of the mortgage agreement, the agreed interest rate is fixed and it then is applied throughout the term, or length, of the mortgage. A large proportion of fixed rate mortgages are arranged for a term of two or three years, although its possible to go for a longer time-span.
Is It Right For Me Posted By : Micheal Challiner
22 Dec 2008 at 2:00am
There are times when everyone seems to be talking about re-mortgaging. Everyone thinks its the thing to do and cant imagine why you havent done anything about it. Its a bit like the kids that tell you that everyone stays up until 11 o-clock at night. Which you take with the pinch of salt that it deserves, of course.
Does It Pay To Overpay Posted By : Micheal Challiner
22 Dec 2008 at 2:00am
When the Bank of England base rate is low, your mortgage may be cheaper than youd expected when you took the loan out. Lots of people (around 4 out of 10 mortgagees are now using trackers), have this type of loan, tracking the Bank of Englands base rate, plus just under one per cent above it. This may well be wonderful news when rates are low, but what do you do with the saving?
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