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Re-Financing with an Interest Only Mortgage By : Zhafran Greater Monthly Cash Flow - The one main advantage for many homeowners in an interest only mortgage is the ability to increase monthly cash flow. Homeowners who re-finance by utilizing an interest only mortgage will likely have more money available each month because they will only be paying interest on their mortgage initially. Condo Hotels Appeal to Baby Boomers Seeking a Vacation Home By : Joel Greene Baby boomers interested in buying vacation homes are now considering one of the latest trends in second home ownership: the condo hotel. Condo hotels are a type of vacation home located in resorts operated by some of the top luxury hotel chains. 10 Things You Need to Know Before You Hire an Agent By : Rob Andress “It’s critical that you make the right decision about who will handle what is probably the single largest financial investment you will ever make.” -------------------------------------------------------------------------------- Not all real estate agents are the same. If you decide to seek the help of an agent when selling or buying your home, you need some good information before you make any moves. An agent can cost or save you thousands of dollars Refinancing: When is it worth it? By : James When is it worth it to refinance your house? This guide will take you through a couple of the points you'll need to know about when you're trying to decide whether to refinance your mortgage or not. Mortgage Guide By : James You should always compare mortgage rates to find the best mortgage to meet your needs before refinancing. Comparison helps you identify the best lender. Compare Mortage rates by contacting at least two different mortgage lenders Power Tools of Savvy Homeowners By : David Newby For centuries, the prevailing wisdom regarding your home mortgage has been to “pay it off as soon as possible.” With 9 out of 10 Americans retiring broke in the richest country on Earth, it may be time to rethink that strategy. In this article David Newby talks about 3 reasons you should consider mortgaging your house to the hilt if you want to have a comfortable retirement. Self-employed can afford to be self-certified By : Chris Gardner There's nothing new about wanting to line your own pockets instead of that of your boss, but making the leap to get out there and do it yourself is a very big step to take. However, in recent years the UK has seen a massive influx in the number of people preferring to be self-employed. Why You Should Release Equity In Your Home Despite the Credit Crisis By : Chris Gardner There's nothing new about wanting to line your own pockets instead of that of your boss, but making the leap to get out there and do it yourself is a very big step to take. However, in recent years the UK has seen a massive influx in the number of people preferring to be self-employed. LOCKING IN YOUR INTEREST RATE AND OTHER TALES OF LAS VEGAS By : Kristin Abouelata “Should I lock my loan? Are the rates going up? Are the rates going down? What’s the market supposed to do in the next week?” These are questions that every experienced loan officer has been asked by his or her customers on various occasions. I’ll tell you one thing, if I had a hard and fast answer to any of these questions, I would be reading a book on my own private yacht in the Mediterranean Sea. And my butler would be asking me what I wanted for lunch. FSBO - I’M SELLING MY HOUSE MYSELF…WHY TALK TO A MORTGAGE SPECIALIST? By : Kristin Abouelata Ok, so you’ve decided to sell your home yourself- cut out the middleman. You’re a FSBO, pronounced “fizzbo” and it stands for For Sale By Owner. You know the lingo. You’re ready to go. You’ve fixed the place up and you’ve done your homework. You’re neighbor down the street says he’s ready to buy your house! You’re all set, right? Wrong. GOOD FAITH ESTIMATES - EVERYTHING YOU NEED TO KNOW BUT WERE AFRAID TO ASK By : Kristin Abouelata If you've ever been through the home buying process before, you know that the Good Faith Estimate is one of the most important documents you will review to make a decision about your home financing. Oftentimes, you may request this document from multiple lenders and get completely different looking paperwork and figures. But in essence, there are only a few key factors you should focus on when comparing these documents. ARM LOAN A GOOD IDEA? By : Kristin Abouelata When deciding upon a home mortgage, one of the most common options to consider other than a fixed rate loan is an ARM loan. ARM is an acronym for adjustable rate mortgage. With this product, a starting rate is fixed for a certain period of time, and then when that time is up, the rate can adjust depending upon a pre-determined index and margin. Mortgage Bankers are hurting….Help is here By : John ONeal Hochstetler "Aftera month into this, I no longer had any time for a "JOB". I was no longer codependant on "The Man" for my financial security; I was creating my own security, and living the American Dream!!!" - John O'Neal Fed Rate Drop...what does it mean? By : RateAware.com Morning Market Update – READ FULL UPDATE BELOW BECAUSE YOU WILL NEED TO EXPLAIN HIGHER RATES TO YOUR CUSTOMERS WHO THINK FED EASE = LOWER MORTGAGE RATES – LOCK ALERT!!! As I suspected, the aftermath of the Fed ease ultimately has driven rates higher…except for the very short end of the curve…our 5 and 7 got worse today and 3/1 stayed the same because the afternoon markets turned ugly…The 10yr is off 17/32 this morning with yield over 4.60%...Read full comments below…. Selling Houses in Lightning Speed, Even in a Down Market By : jackie Have you noticed that there are a lot more homes on the market this year than there was last year? In many areas, there are two or three times as many homes listed on MLS this year than there was last year. Realtors have not been trained to deal with this kind of down market. Because there are so many houses for sale, it is taking a lot longer to find a buyers. Well, it just does not have to be that way. If you learn a few creative tricks and think “outside the box” you can sell your houses in lightning speed even in a down market. If you sell your home at Wentzville, Missouri, you are giving the buyer excellent value for money By : kathyhel The quality of life at Wentzville is excellent. All kinds of medical facilities are available. The SSM St. Joseph Health Center has a 24 hours emergency service and comprehensive healthcare facilities. The region also has a fair number of churches and other places of worship. If you sell your home at Wentzville, Missouri, you are giving the buyer excellent value for money. Is Your Arm Adjusting and Your Mortgage Going Through the Roof? – FHA to the Rescue! By : Kristin Abouelata ARM Loans and foreclosures seem to be the news of the day. This is a very real problem and thankfully the FHA has come up with a temporary program known as “The FHA Secure Initiative,” that may give some relief. FREE Reports: Ethical Lending & The Mortgage Process By : Bob Freedman Certain terms are noticeably absent from anything taught or required in the mortgage industry. Suitability. Fiduciary Responsibility. Best interests of the customer. Transparency. Full Disclosure. Accountability. The mortgage industry is poorly standardized and therefore difficult to monitor. Learn how consumers set themselves up to get taken advantage of when shopping for rates and GFE's. Understand and control the process to get the best results. Go to my web site to get Free reports. Pay off your mortgage in 8 to 11 years By : bruce Be mortgage free in 1/3 to 1/2 the time with little or no change in your current lifestyle. United first financial is changing America how they own real estate free and clear. Mortgage Market and Economy Update By : Hans van Hoek It is back to basics with programs that are tailored by lenders to find alternative solutions to get market share. This is an enormous plus for consumers who are holding back because of media inflated worries and lack of knowledge of constantly revised mortgage products to accommodate a failing market. Business Finance and Real Estate Mortgage Lenders to Avoid By : Steve Bush Commercial mortgage and business finance borrowers should be prepared to avoid certain problematic commercial lenders unless alternative business loan or SBA loan options are impossible. One of the most serious commercial real estate loan and business financing situations is a commercial lender that causes problems for their commercial borrowers on a repeating basis. Choosing the Best among Home Mortgage Finance Options By : N. Sai There are many options when it comes to home mortgage finance. The mortgage lender will explain in detail about the working of each and every program and you should get it in writing. The most popular home mortgage finance options are discussed in this article in detail. Mortgage: The Key Points that You Should Know By : N. Sai A proper understanding of how the process of mortgage works helps find the right solution to own our dream home. You can learn basics of mortgages in this article for a better knowledge of mortgage terms to get the best deal from the lenders. The Role of Mortgage Broker By : N. Sai A mortgage broker is a well-trained professional representing those who seek home mortgages and provides them an ideal solution. By engaging a mortgage broker, the customer gets his value for money spent on the expert. This article discusses the key advantages and even certain disadvantages in engaging a mortgage broker. Finding the Best and Right Mortgage Loans By : N. Sai The home mortgage might be biggest personal financial commitment of a borrower in his or her lifetime hence, it becomes very important to choose the right kind of home mortgage to save money as well as save from headaches which might crop up in the future. Read on to find how to choose the best and right mortgage loans to own your dream home. A Good Understanding of Mortgage Backed Securities By : N. Sai Mortgage backed securities are one of the important reasons for the fast pace growth of real estate industry. Hence it is very important to have a good understanding of mortgage-backed securities. Read on to learn the key points of mortgage backed securities. From Mortgage Application to Pre-Approval: The First 24 Hours By : Bob Freedman Good defense is the best offense. Mortgage borrowers must fully understand the process if they are to ensure getting suitable financing that serves their best interests. Also, one must be able to differentiate an ethical loan professional from the pack. Knowledgeable and well equipped borrowers can command transparency, full disclosure, and accountability . . . and get the deal they deserve. Low Mortgage Rates & Closing Costs? By : Bob Freedman Good defense is the best offense. Mortgage borrowers must fully understand the process if they are to ensure getting suitable financing that serves their best interests. Also, one must be able to differentiate an ethical loan professional from the pack. Knowledgeable and well equipped borrowers can command transparency, full disclosure, and accountability . . . and get the deal they deserve. Five Reasons to Consider a Remortgage By : Martin Sumner Is your mortgage deal the best it could be? A remortgage could seriously improve your finances if done properly, and here are some of the reasons you might consider it. Psst…Tell Your Kids that Buying a Home Is Easier than They Think! PART II By : Kristin Abouelata Just out of school and considering buying your first home? You’ll be surprised how easy it can be to qualify for a loan. Too often, the newly minted workforce doesn’t realize the confidence lenders have in their ability to be responsible homeowners. Simple and easy tips to sell Home By : Andy Steuer Most people who want to sell a home or a property wonder how to go about doing it. For most sellers, the decision to sell a house or any other property is a painful decision. After owning a property for a long time, the attachment to the property or the home grows and it is when you make the difficult decision to sell it that you are also faced with the harsh reality that selling a property is not an easy task and that approaching buyers takes up a lot of time and energy. Psst…Tell Your Kids that Buying a Home Is Easier than They Think! PART III By : Kristin Abouelata For a first time homebuyer, once you’ve found a house and been pre-qualified for a home, the steps to closing can be somewhat confusing. It’s actually a simple process that when understood, actually makes sense. Cons and Pros of Interest-Only Mortgages By : Arthur York The concept of interest-only mortgages has emerged not so long a go, but it is becoming increasingly popular as a method of financing homes... Refinancing Your Parents’ Home: Stumbling Stones By : Arthur York A lot of people nowadays consider the possibility of refinancing their homes as a good way to get some profit from their home equity and to improve their financial situation... Rent or Buy? By : Arthur York Everyone who intends to move out of the parent’s home inevitably ends up asking him/herself an important question: “Should I rent a house or buy it?” The decision doesn’t seem obvious, but let us look at the matter more closely. Pre-Payment of Home Mortgages: to Be or not to Be? By : Arthur York We all have home mortgages and have to pay monthly mortgage payments that put a substantial burden on our budget. And we all want to get rid of that payments as soon as possible. So if your current financial situation allows you to repay you mortgage early, why not go for it? Choosing a House to Buy: What Can You Afford? By : Arthur York Before you start the process of purchasing a house, some serious thinking should be done. In order to avoid holes in your budget in future, you should first of all evaluate how much mortgage you can actually afford, which means that you should reconcile your personal needs and wants with your actual financial status. Co-Signing a Mortgage for Your Child By : Arthur York When your children get older, it’s absolutely normal for them to strive to become independent, and living separately is the first step towards that. And it is also absolutely normal for you as a parent to be willing to help your children as much as possible. So, when your child decides that the time has come for him or her to buy a home of his/her own, should you assist by co-signing the home mortgage? Advantages and Disadvantages of a Balloon Mortgage By : Arthur York There are a lot of home mortgage options available today, and it is important to be aware of them all in order to choose the one most suitable for you and to be sure that you are doing the best thing possible. One of the available options is the so-called “balloon mortgage”, and in this article we shall discuss this one in terms of its main concepts and possible cons and pros of choosing it among the other options available. Searching for a Suitable Mortgage: a Broker or a Lender? By : Arthur York Finding a suitable mortgage is the crucial point in the process of purchasing your home, because the terms of the mortgage actually determine what home you will be able to afford and how large your monthly payments will be… Tips on Finding a Mortgage with Bad Credit Score By : Arthur York Bad credit score is not an uncommon thing. The question is, can you actually qualify for a mortgage if you have a bad credit? The simple answer is: yes, you can! Buying a House without Using Your Own Money By : Arthur York Real estate is in very high demand nowadays, and it is quite normal for all of us to be willing to buy it. The problem is that the purchase of a house requires investing a hefty amount of money in it, which is often not something you have right away. So is it at all possible to buy a house without spending any of you hard earned cash? Choosing a Mortgage: Adjustable Rate vs. Fixed Rate By : Arthur York What type of mortgage to choose is a very important question when buying a house. Will it be more appropriate to choose an adjustable rate mortgage (ARM) or a fixed rate mortgage? Many potential homeowners ask this question, willing to know what are they in for with this two options… What Documentation is Required to Get the Right Mortgage? By : Bob Freedman Too often when consumers set out to shop for a mortgage they are not fully aware of the impact that documentation has in regard to securing the best possible financing terms. It is very important that borrowers understand this issue because many people don't take this factor into account before asking “what's your rate?” or “what's the rate on the __________ (fill in your loan program here)?”. By doing things properly and commanding transparency, full disclosure, and accountability, you will get a great deal suitable to your needs and serving your best interests. Remortgage or pay the variable rate! By : BD Too many UK borrowers are paying far more than they need to for their mortgage. The most common reason for paying too much is simply down to the mortgage being charged at the lenders standard variable rate, could a remortgage be the answer? Home Buying and Down Payments –Show Me the Money! By : Kristin Abouelata Ever wonder how much money you need to have put aside to buy the home you’ve been driving by and dreaming about for the last month? Afraid you don’t have enough? Well, many factors contribute to the decision making process of what type of down payment you should make on a home. Let’s look at a few. Right stock ‘Options’ Key to Risk-Free Buying and Selling By : William King An option refers to a security contract that provides a buyer the right to buy or sell an asset at a particular price on or before a date and has strict terms and conditions. DNA Sample: Is It a Requirement of the Mortgage Documentation Process? By : Kristin Abouelata It seems like some loans require very little documentation from a borrower, while other loan types require a blood sample (not really, but it seems like it!) What documentation should you be prepared to provide a mortgage lender? The Borrowers Little Instruction Booklet By : Joe Shandy Advice for Mortgage Loan Borrowers - based on Life's Little Instrution Booklet - Joe Shandy at www.echantedmortgage.com Evolving Scenario of the Real Estate Industry in India By : Real Estate India What is today a fragmented group of building and developing firms is slowly coalescing into one organized real estate industry. It has taken 40 years to make a beginning but the signs are unmistakable. The flushes of corporatisation are there and within a span of two years, the momentum will gather to envelop at least 10% of the all-India real estate industry within the corporatisation ambit. Industrial houses, with their large surplus lands have found to their pleasant surprise that developing Should I use a mortgage broker By : BD Lets face it finding the right mortgage is not easy. The vast number of mortgage options available, and conflicting views about the future of UK interest rates mean the task is harder then ever before. Borrowers often need advice, but the question is where to turn and whom should they trust. What are all these fees and why is a mortgage so expensive? By : Kristin Abouelata Not only are the expenses associated with a mortgage hard to understand, people often wonder why a loan costs so much. Here's a little background info to explain why home financing isn’t cheap… Dubai economy growing through Real Estate By : William King Dubai is well known as a shoppers' paradise and a hot Real Estate investment spot right now. Less known is the fact that Dubai's diversification has helped it become a strong economy in the Middle East. Future Perception of Pakistan Real Estate By : William King Like many other countries Pakistan is also enjoying a Real Estate boom. However, the confusion and chaos created through mass buying and selling might be an indication of impending doom. Hire a Real Estate broker to buy the property you want By : William King This article deals with Real Estate broker, how to find a good broker, and how they can help you buy the house you want. Ownership rules and the mortgage market in Dubai By : William King With the new law passed in 2002 allowing foreign nationals to own freehold property in Dubai ownership is easier than ever. Simplifying the laws has also created new mortgage options. Property and Locality: two sides of the same coin By : William King “This article highlights how important the right location is for both residential and non-residential properties and speaks about the various factors that go into buying or use of property based on locality.” Real Estate Boom in Dubai By : William King While the growth of the Real Estate market in Dubai has been astonishing and quite dynamic. The predicted reversal of the market has yet to take place. What is keeping Dubai property going? Real Estate in Dubai - A Dynamic Property Market By : William King Dubai offers one of the fastest and most dynamic Real Estate markets in the world combined with the highest living standards and modern infrastructure. Role of valuator in appraisal and sale of a property By : William King This article highlights the importance of appraisal of a property while selling it, and also outlines the role of the appraisers and the individuals selling their property to ensure the best valuation of the property. Selecting the right contractor for renovating your home By : William King Renovating your home is a time of excitement and fun but you need to find the right builder and contractor to prevent it from becoming a pain. This article has some suggestions for you. Fixed-rate mortgage time-bomb By : Adam Singleton Almost 12,000 fixed rate and discounted mortgage holders find that their mortgage is to revert to Standard Variable Rate before the end of the year. Most of them will be in for a shock when they find out how much extra they need to find to pay their mortgage. The Home Buying Process - Here Are Six Basic Steps You Should Take Before Starting By : Dewey Kearney Before starting the home buying process there’s some basic steps we recommend to help you get the best rates and deals. Mortgage approvals down fuelling housing gloom By : Paul McIndoe Recent figures produced by the British Bankers’ Association and the Royal Institute of Chartered Surveyors suggests that house prices are falling and significantly fewer mortgages are being advanced now than this time last year. House-buying caution fuels remortgage boom By : Paul McIndoe Because people are starting to get concerned about the potential of falling house prices, then rather than move they are looking to stay in their own property and improve their own financial security at the same time. The Sub-Prime And Other Frauds – Penalties Coming By : Dewey Kearney I have been wondering, as I am sure you have as to how long it would take the government to take action against the mortgage brokers who are responsible for at least a portion of the collapse of the sub-prime mortgage industry. After following several newspaper accounts for this information it’s finally happening, and there will be more to come. The problem with this market is the lack of regulation of mortgage brokers. We regulate banks, Savings and Loan companies and the like but the brokers are not. The reason given for this is that they are not the lenders but only sales people. Importance Of Property Valuation In Investment And Mortgage By : Irish Mortgage Brokers People invest in properties with the hope that the value of the property will inflate in time. Property investment is indeed a wise financial move. But before you finally decide on a property, make sure you are getting good value from it. Have the property evaluated first. How Much Bacon Do You Bring Home? Determining your income for a home loan. By : Kristin Abouelata How much money you make is a key determination when applying for mortgage loan approval. A mortgage lender has specific ways to determine your income based upon what type of income you earn… Capped Rates – Mortgage Utopia or Mortgage Dodo? By : BD At first glance, a capped rate seems like an unbeatable proposition. An interest rate type that has a limit on how high your interest rate could rise, but with the advantage of being based on variable rate for when interest rates fall. Adverse Credit Re mortgages By : stellric Even if you have bad credit, there is a way to repair your credit history by remortgaging your property. You may have CCJ'S, arrears or dfaults, but if you have equity in your property, there are lenders out there that will help. Granted it just got harder as lenders are getting a bit wary, but speak yo a mortgage adviser that specialises in adverse credit mortgages and they will help to steer you in the right direction. As Mortgage Lenders are prepared to lend First Time Buyers more, How do Borrowers make payments? By : Withme Solutions Recent articles indicates that some high street banks and building societies are willing to lend first time buyers up to six-times their annual salary. With an impending interest rise on the horizon how do first time buyers ‘lucky’ enough to get on the market afford to meet their monthly repayments? What is happening in the Non - Conforming mortgage market? By : freedom The mortgage market is a very different place now than a few months ago. Most people will be aware that there have been some mortgage 'problems' in the US but may not really understand why this would affect us here in Australia. EASIESTSECUREDLOANS finds best rate secured loans for you By : easiestsecuredloans Finding a secured online loan can be difficult due to the huge number of websites offering services, it can seem like a jungle. At EASIESTSECUREDLOANS we will take the strain out of searching for a secured loan by getting a specialist advisor to call you, assess your requirements, and then find the best rates for you. Not only does this save you time, the adviser will also be able to search the whole market to find the right options for you. Super Jumbo Seconds - Gone With the Wind By : MortgageGuru The Sub-Prime Meltdown has created such a credit crunch in the US that now Super Jumbo Second Mortgages are disappearing. Refinances aren't happening, even with special considerations given for Adjustable Rate Mortgage Interest Rate hikes. Types of mortgages offered by banks in Turkey By : Huseyin Gunay With the new mortgage bill that became effective on March 2007, banks in Turkey started to ofer a variety of mortgage products to their customers, tailored to each individual’s needs. This article explains in detail the different types of mortgages offered in Turkey. The 6 Ways To Pay Off Your Mortgage Early By : Ben Schmitt There are really only 6 ways that you can pay off your mortgage early and save money. Some are well known, some are unheard of... How To Pay Off Your Mortgage Twice As Fast As You Currently Are By : Ben Schmitt Want to have a mortgage free life? There's a simple way to pay off your mortgage, save tons of interest, and it's easy to do. First time home buyer? Hip, Hip Hooray for THDA! By : Kristin Abouelata Have you ever heard of THDA? It’s an acronym that stands for the Tennessee Housing Development Agency. According to its website, it was established in 1973…… The Way to Stop Property Repossession By : Tommy Stephens An article containing information regarding a way to stop property repossession. Factors to Consider Before Getting a Mortgage in Turkey By : Berk Akman Most people in Turkey have the perception that the new mortgage system is a miraculous system that will let them buy houses without any savings and with very low monthly payments. This article addresses some of the misconceptions and draws attention to the reality by focusing on the real costs of mortgages. The Role of a Land Surveyor in Purchasing a Property By : William King This article deal with licensed land surveyors, the services they provide, and how they can help you when you purchase a property. Should you buy or rent a Property in Real Estate market of Dubai? By : William King The Real Estate market in Dubai is dynamic, fast changing, and a bit unpredictable right now. If, like other expatriates, you want to know whether you should buy or rent property in Dubai then read on. Starting your own property business By : William King This article will show how you can start your own property business in very little investment from the comfort of your home. The Best Ways to Build or Buy a House By : William King This article presents all the ins and outs of your house-making decision and endows you with a bird’s eye view about the costs of either buying a built house or buying a land. Remortgage Advice By : Webmaster Remortgage Advice Get “The Right Chemistry” when negotiating a mortgage By : Michael G. MacKenzie Buying a home is one of the most important investments most couples will ever make and one that deserves special attention. Considering that you and your mortgage will be together for many years, negotiating a mortgage is a bit like proposing marriage. It behoves you to put a lot of thought into it before tying the proverbial knot. Community Acceptance Mortgage Opens its Online Doors to the Public By : Enrique Herbella In today's online society we often find ourselves falling through the cracks and losing human contact, trust and personalized service. Community Acceptance has taken up the How sub-prime loans affect the innocent homeowner By : Michael G. MacKenzie For a lot of homeowners, trouble has been brewing for some time. The sub-prime implosion triggered a widespread credit crisis, as nervous lenders tightened standards for even the best, most creditworthy borrowers. The REAL Insider Secrets Of Mortgage PrePayments By : Ben Schmitt Everyone knows that making mortgage prepayments to the principle pays off your mortgage faster and saves you money. But, not everyone knows this little insider tip that allows you to know to the penny EXACTLY how to pay, when to pay, how much to pay and what it will save you as a result. UK Online Finance - Mortgages & Loans - Credit Cards & Insurance By : Ani Ben UK online finance providing you with the easiest way to arrange your finances instantly online. Quick & easy to use quote forms for credit cards, loans, mortgages, insurance and lots more. On The New Mortgage Law of Turkey By : Berk Akman In this article, we discuss important properties of the new Turkish mortgage law that passed on March 2007 and discuss the possible impacts of the secondary mortgage market on the Turkish economy. after it starts to operate in 2008. Is Mortgage = Konut Kredisi (Home Loan) in Turkey ? By : Berk Akman In Turkish ‘Konut Kredisi’ means ‘Home Loan’ and Turks have been using home loans for some time even though there was not a mortgage law similar to the ones in developed countries. On March 2007, the first-ever Turkish mortgage law was approved and a new home loan system started to operate. Here we review the changes in home loans brought with this new mortgage law. It is Time for Mortgage Refinancing (Refinansman) In Turkey By : Berk Akman We go over the factors that should be considered prior to mortgage refinancing in Turkey. We also demonstrate that refinancing can be very beneficial, especially, if original mortgage was issued before March 2007, i.e., before the new mortgage law passed. Homeowners face grim future on expiry of fixed-rate deals By : Adam Singleton The Council of Mortgage Lenders estimates that 1.4 million homeowners nearing the end of their cheap fixed-rate mortgages taken out before five interest rate rises, will be in for a shock when they find out how much they will need to pay once their deal expires. Get a mortgage with a poor credit rating By : Paul McIndoe Even though having a poor or damaged credit rating makes it difficult to obtain any credit from financial institutions it is not impossible. However, if you are successful you will end up paying a higher interest rate than those with good or excellent ratings. What to Bring to Get Pre-Qualified for a New or Resale Home Loan By : Jayson Gibson Making the decision to purchase a new home can be exciting and stressful. When looking at homes there can be quite a big difference in value and prices. By getting pre-qualified for a mortgage you may save yourself time and stress. Just Who the Heck Are Fannie, Freddie and Ginnie? By : Kristin Abouelata Who are Freddie, Fannie and Ginnie? Why do they care so much about your mortgage? Have you ever heard anyone in the mortgage industry mention these names before? Did you ever wonder who these people were that had so much to say about whether or not you would qualify for a mortgage? On Mortgage Loan Terms in Turkey By : Berk Akman In Turkey, short term mortgage loans have a larger share than most other countries due to high interest rates, however, we expect that with the help of decreasing interest rates and the new mortgage law, the share of short term new loans will decrease significantly in 2008. When the American Dream Becomes a Nightmare By : Patricia L Johnson There are many reasons why we experienced such a major housing boom in this country, but the most significant reason is the lowered short-term interest rates set by the Federal Reserve when Alan Greenspan was still Chairman. The lowered interest rates were in effect through the middle of 2004 in an effort to spur GDP growth after the 2001 recession. 30-year fixed mortgages averaging 7.6% from 1995 through 2000 dropped to 5.8% in 2003 and remained under 6% through the 4th quarter of 2005. Buy-to-let mortgage market in trouble By : Paul McIndoe The on-going credit crisis claims its next victim – Paragon, the country’s third largest lender of buy-to-let mortgages is in severe trouble, sparking fears that the property market is on the verge of meltdown.
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