Articles and Tips on Mortgages, Good or Bad Credit Home Loans, Equity Line of Credit, Refinance and more. Search our huge article directory for advice or submit your own articles about real estate fin
Search our huge collection of articles on all topics related to Home Finance. Experts share their tips and advice on securing a solid financial foundation for your new home, remodeling projects or rea
Home Finance - Articles and Tips on Mortgages, Good or Bad Credit Home Loans, Equity Line of Credit, Refinance and more. Search our huge article directory for advice or submit your own articles about real estate finance topics.
The Latest from the Home Finance Front
Search our huge collection of articles on all topics related to Home Finance. Experts share their tips and advice on securing a solid financial foundation for your new home, remodeling projects or real estate investments. Terms such as HELOC, first-time home buyer, downpayment assistance, re-financing, ARM (adjustable rate mortgage) and the like have all been covered by these authors.
1. Homeownership: A Way Through The Loan Amount Issue by Amanda Hash
March 7, 2008
When looking for finance, there is a problem that rises every time you need higher loan amounts. There are always credit limits that may restrict your ability to obtain the funds you need due to different reasons that may include bad credit, lack of collateral, income requirement, etc. However, if you are a homeowner and even if you ...more...
2. Giving Thanks to the FHA for It’s Adjustable Rate Mortgage Solut... by Kristin Abouelata
November 16, 2007
MSNBC reported recently that the third quarter saw a 30 percent jump in foreclosures, and 45 out of 50 states report increased levels. This recent news seemed like a good reason to revisit this is a very real problem. Many will be “thankful” the FHA has come up with a temporary program known as “The FHASecure Initiative,” that may give some relief.
3. Know Your Rights - Part One by James Quinton (edited by Liam Gerken [8/11/07])
November 8, 2007
When a person opens a bank account or takes out a credit card they enter into a contract. Bank charges for going overdrawn or for bounced cheques are the equivalent of a charge for breach of contract, known as liquidated damages, and the courts can enforce payment. However the sum must reflect actual costs incurred and not exceeds damages the bank suffered due to the breach of contract; other ...more...
How does mortgage fraud affect you, as a borrower?
I am sure you see all the news in the media about the mortgage industry but how is all that related to you?
First and most importantly, the information on your application must be accurate and factual to see if you do actually qualify for a loan. The purpose is not to stop you from obtaining a loan. The purpose i ...more...
5. Financing Home Construction - Home Construction Loans by Josh Spaulding
September 22, 2007
Increasingly folks are looking into building their own homes, or contracting to have them built. Whenever you choose to build your home rather than buying an existing home, you'll have full input into the precise style, layout and design of your new home. For this reason, numerous families prefer to work with a builder to construct the home of their dreams.
The Federal Housing Administration (FHA) is a government agency whose goal is to assist high risk home buyers. This segment of the population includes those with spotty credit histories, first time home buyers, and low income households. These people traditionally have had a difficult time getting a home loan because they pose too much of a risk to lending institutions.
Common Mistakes To Avoid When Refinancing Your Home Mortgage In order to discuss and understand what NOT to do when you are refinancing your mortgage, we should first cover some basics about mortgages, refinancing, and the reasons why a person would want to refinance in the first place.
8. Navigating your way through the strange terminology associated w... by Robert Earl
September 13, 2007
Buying a home might be the most inspiring, perplexing and straining financial transaction you ever undertake. Even if you have done it a couple of times you can still find the process intimidating and complicated, particularly when it comes to getting a loan for a house. Reams of loan documents, obscure terminology and ambiguity serve to temper the joy of buying a new home. As soon as the sales of ...more...
9. Home Finance, 3 Reasons To Do It Yourself by Keith Donald
August 30, 2007
Home finance just isn't what it used to be. If you have been following my articles, you know I've been preparing you for the situation that is developing in the housing market. In this article I will share with you three reasons why it may be advantageous for you to finance your own home sale.
First, most mortgage lenders are reeling from the effects of the historic levels of real estate f ...more...
10. How to Obtain Financing When You Want to Open a Daycare at Home by Fiona Lohrenz
August 30, 2007
Many people decide that they would like to open a daycare center at home. Many of these individuals may work in a daycare center. There are many who are stay at home parents and wish to supplement their income. There are many different types of people in numerous situations that want to establish a child care service business in the home. However, most of these people never succeed in doing so due ...more...
11. Having Debt Problems? Try Second Mortgage Financing by jeremy disusa
August 30, 2007
If you are a homeowner and like other homeowners you have first mortgage loan on your home and giving adjusted monthly payments so that the debt will be covered or ended at the end of the terms which is generally for 25 to 30 years.
But unfortunately if you are not able to repay the debt and suffering from enough debt burden and seeking an alternative to overcome your problems, then there ...more...
12. What is Homestead Exemptions? by Jade Kelly
August 28, 2007
Homestead exemption is a tax relief for Georgia residents that own and occupy their primary resident. If you are going to live in the property you are purchasing file an application with the Tax Commissioners Office. Applications for Toombs County and Montgomery counties must be filed from January 1 through March 1 of the year for which the exemption is first claimed by the taxpayer. I recommen ...more...
13. Oakland Bay Area Real Estate: Below Market Financing by Hamid Grinage
August 23, 2007
The Oakland/Bay Area real estate market is one of the highest priced markets in the country, so naturally it's more difficult for first time buyers to afford to buy here. Luckily, there are several programs that are being offered by various lenders that allow the borrower get a much better interest rate than they normally would. Two of these prog ...more...
14. What Is Lease Option And What Are The Benefits for Seller And Ho... by John Wen
August 23, 2007
In any market, you can use lease option to reach a much broad buyer base, such as buyers usually could not buy their homes because of bad or poor credit score. You can also reach investors who use lease option as an investment tool. Most real investors use lease option to buy or sell properties in order to get more profits. Lease option is a very good tool to sell home with for sale by owner. It i ...more...
15. The New Mortgage World - Should You Refinance? by Robert Pinzhoffer
August 16, 2007
When interest rates are low or declining, many homeowners consider the option of refinancing their current mortgage. In general, there are 4 reason to refinance your existing loan:
1. Lower your interest rate and thus your monthly payments.
2. Draw cash out of the property to make home improvements, consolidate debt, make investments, pay for school tuition, or for various other ...more...
16. Connecticut Mortgage Loan Refinancing: Tips On Choosing The Righ... by Chris Rivers
August 15, 2007
Emotional involvement will be the biggest obstacle that most Connecticut homeowners face when applying for a refinance home loan mortgage. The problem is that when you meet with your mortgage lender to get a Connecticut refinance mortgage you will most likely become too emotionally invested in the process.
Don't get me wrong…you should be emotionally invested in the process, but you sho ...more...
17. Basic Home Buying Tips by Lee Cameron
August 13, 2007
This is intended to be a bit of a primer for the first-time home buyer. Buying a home is a huge decision and not an easy one to make the first time. The home purchase process can be fraught with pitfalls that a new buyer may never see coming, so proper planning and prep is essential. Let's try breaking this process up into 3 parts; financial, shopping and moving. Let's also look at each in turn an ...more...
18. Mortgage Loans and Mortgage Refinancing in 2007 by Jackie Beem
August 12, 2007
What’s happened in the mortgage industry? Can you still get a new home mortgage or refinance your existing home mortgage? Why is all the news about the mortgage industry such doom and gloom?
Well, let’s take a look at all this more closely. Before the resent sub-prime fall out a buyer with a credit score of 580 and a somewhat poor credit history could get 100% conventional loan financin ...more...
19. Home Financing: Choosing the Right Mortgage by Mike Hamel
August 10, 2007
The two most important factors to consider when comparing home financing options are loan term and interest rate.
Loan term
The typical options are 15-year or 30-year mortgages.
A 30-year mortgage will have a lower monthly payment and a higher interest rate than a 15-year mortgage. You will have a smaller monthly obligation but you will pay more for your house over ...more...
There are six basic factors that lenders look for when underwriting a loan. Now, all the underwriter is trying to do is determine the risk factor involved in loaning you money. Are you a low-risk, a high-risk or anything in between. The higher the risk translates to a higher interest rate. The six basic qualifying requirements used to determine risk, and as a result ...more...
How to Avoid Forclosure by Dominion Lending Centres Optimum
Foreclosure occurs when the homeowner falls behind in monthly mortgage
payments and begins to default on the mortgage. The lender wi ...more...
22. Debt Consolidation: Home Equity To The Rescue by Mike Hamel
July 23, 2007
A debt consolidation loan allows you to pay off your outstanding bills like credit cards and unsecured loans. It will simplify payments and probably lower your interest rate and monthly payments. This new loan doesn’t reduce your debt; it just restructures it, which can help you get right-side-up financially.
Debt consolidation financing has to be underwritten by some sort of collateral, ...more...
23. Researching a Home Improvement Loan by James Kronefield
July 19, 2007
If you are a long-time or even a first time homeowner you know all too well the importance of a properly maintained home. Whether it is for repairs, a new addition or just something to spruce up your home, you may need to get a home improvement loan to tackle your project.
With the recent boom in the housing sector, lenders have devoted a large portion of their resources to offering many t ...more...
24. Stop Home Loan Banks from Foreclosing Your Home by Liz Roberts
July 16, 2007
When confronted with the possibility of foreclosure, it is but natural that a person may feel disheartened and helpless. The thought of losing the home where you and your whole family lives can be unbearable. However, foreclosure should not be the end of your road. There are still some steps that can be done to turn the situation around.
Given the present economical conditions and the large amount of homes for sale, you need to become a creative seller to have your home sold quickly and for top dollars. To do so, you must be able to offer people different alternatives and reasons to buy your home.
One of the best ways to attract buyers is by offering buyers owner financing. National statistics show that sellers of ...more...
