Tag Archives: loans

Mortgage Market Changes

There’s been a lot of change over the past decade. Nowadays about 70 of home buyers begin their search online. Lenders now decide on a credit by using complicated computer-generated models. They underwrite and process loans via desktop computers. There’s … Continue reading

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Refinance & Mortgage Brokers

From the Times of London: Millions of homeowners who use mortgage brokers are being denied access to the best deals, after a decision by some of the UK‘s biggest lenders to offer their top rates only to customers who approach … Continue reading

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What You Should Ask A Lender

From mortgagefit.com: Information about Lender: Does getting a good interest rate depends on excellent credit rating? What are the different steps involved in the process of pre-approval? How much time will it take to complete the process of pre-approval? Is … Continue reading

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It’s Not About Rate: The Right Way To Get A Mortgage (Paperback)

Although it is normal for homebuyers to feel a little nervous and apprehensive during the mortgage process, getting a loan to buy a house doesn’t have to feel like a 440-foot bungee jump. In It’s Not About Rate: The Right … Continue reading

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Refinance Online? Be Careful

From the SunHerald.com, there’s news that the famous Better Business Bureau of Mississippi warns consumers about negotiating refinance loans on the Internet. More competition can get better deals but watch out for fraud and identity theft. "Often times people are … Continue reading

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The Pre-Approved Mortgages And Its Advantages

Emily Green writes for the Wall Street Journal that having a pre-approved mortgage will give you an advantage when you start bargaining over the price of a home. These pre-approval letters don’t cost anything. They are usually good for 30-60 … Continue reading

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What Is A Second Mortgage?

The Washington Post has an excellent real estate glossary, including this: · A mortgage with a lien position subordinate to the first mortgage. That means if the borrower defaults and the house is foreclosed upon, the second-lien holder will be … Continue reading

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What Is A Mortgage?

From Wikipedia: When you get a mortgage, you pledge your property to a lender as security for a mortgage loan. A mortgage, strictly speaking, is not a debt, but it is evidence of a debt. A borrower transfers ownership of … Continue reading

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House To Get Rescue Bill

Will Republicans support it? Barney Frank pushed it. Barney’s not normally a Republican favorite. President Bush doesn’t want to sign a massive bailout. Why should the financially prudent bail out those who gambled and lost? That makes no economic sense. … Continue reading

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I’ve Got Downey, First Federal, Washington Mutual, Fremont On My Death Watch

You’ll show up one day and there’ll be a notice that this bank has been taken over the FTIC and if you have money there, it’ll take a couple of days to get it. Or Bank of America buys them … Continue reading

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