Condo Loans Becoming Stricter

With the tightening up of mortgage rules and the returning caution of lenders (finally!) we are seeing a throw-back of some of the more vigilant practices that we were once used to.

Condo Loans Becoming Stricter : 2:38 (658 words)

Tear Your Mortgage a New One by Refinancing Your Home Loan

Do you have a mortgage with high interest rates, sizable monthly payments, and little cash to take care of bills and credit card debt? If so, you may consider the option of refinancing your home.

Tear Your Mortgage a New One by Refinancing Your Home Loan : 2:53 (722 words)

Getting a Mortgage: Dos and Don’ts

So you’ve established a great credit rating and are ready to visit a lending institution to see about getting pre-qualified for a mortgage. Here’s a few tips for what to do or not do.

Getting a Mortgage: Dos and Don’ts : 1:58 (491 words)

Getting a Mortgage: Establishing Credit

One of the keys to getting a mortgage is having good credit, and the easiest way to establish good credit is to acquire a credit card or small loan, and then pay it back on schedule. With a credit card, it isn’t enough to simply have it. You must be using your credit card consistently in order to obtain good credit. It can be difficult to get a credit card if you’ve never had one before, but there are a few easier ways to get started. First, many department stores offer their own in-store credit cards. These are often easier to obtain than a regular credit card. However once you’ve obtained one of these, used it in the store and then paid your bills on time, this will build your credit. This could take between six months to a year. While good credit with a department store credit card probably isn’t enough to get you a mortgage on its own, it does make you more attractive to the major credit card companies, and you shouldn’t have trouble getting your application accepted.

Getting a Mortgage: Establishing Credit : 1:51 (462 words)

Mortgage Rates - How Low Can We Go?

Well, surely it can’t drop much lower? If you haven’t locked a mortgage rate in by now, or haven’t got yourself pre-approved, you had better hurry up. All those people who can remember the 11% mortgage interest rate will be trampling over each other to try and re-new at these rates.

Mortgage Rates - How Low Can We Go? : 2:30 (624 words)

ARMs versus Fixed Rate - a No Brainer!

The mortgage rate right now is very enticing - being the lowest it has been for several years. At the moment, you can negotiate a fixed rate mortgage for around 6%.

ARMs versus Fixed Rate - a No Brainer! : 2:14 (560 words)

Reverse Mortgages Can Reverse Your Luck!

Looking after an aging parent in their own home often seems to be a good solution to an awkward problem. However, depending on the type of financing on the property in question, things could get difficult.

Reverse Mortgages Can Reverse Your Luck! : 2:28 (615 words)

Easier Solutions For Home Owners?

Imagine suing Wall Street because your mortgage company had financed you for a loan that you couldn’t repay! It sounds unreal, but a new bill proposed would allow just that! The mere fact that there is even such a bill being thought of could serve as a warning to all of us that care must be taken, as not all financial institutions are not equal!

Easier Solutions For Home Owners? : 1:41 (422 words)

The Interest in Interest Rates

Lately we have all become more curious about interest rates and the effect they have on our lives. Our main interest, of course, is to get the most for our money, and as most of us borrow money for a house purchase, part of this involves finding a good interest rate for our mortgage loan.

The Interest in Interest Rates : 1:53 (472 words)

Big Spending: Decide on Priorities

Many people are surprised to discover that they are unable to get a mortgage they feel they deserve. While a mortgage broker considers a variety of things when deciding how much mortgage a person is eligible for, one thing that people might not expect to influence their eligibility is their existing loans.

Big Spending: Decide on Priorities : 1:19 (331 words)