04th November 2009
Second mortgages are taken if you have any home improvement plans or debts to pay off or simply put when you need extra finances. It is an additional loan taken against the same property. Such loans are considered riskier and hence lenders charge higher r...
02nd November 2009
When you are looking for mortgage in order to be able to buy a new house, you can make use of a mortgage calculator. If you didn’t need a mortgage to buy a house, there would be nothing like it. But, when you need one you must have your calculations in ...
05th October 2009
Mortgage Reaffirmation after Chapter 7 – What is it all about?
If you’d like to reaffirm your personal liability for a secured debt even after a discharge from Chapter 7 bankruptcy, a reaffirmation agreement is what you need to sign with the lende...
18th August 2009
Charge-offs appears on your credit reports if you have been delinquent on a debt. A charge-off means that you have not paid your debts for a period of 6 months straight. With this on your report it means that you cannot make further purchases with the acc...
11th August 2009
Be careful when you are applying for mortgage. You do not want to give in any false information so that your application may be turned down due to false information or misrepresentation of facts. Rejection would be a trifle matter compared to other conseq...
10th August 2009
What is chapter 13 bankruptcy and what are its pros and cons?
Filing Chapter 13 bankruptcy can benefit you if you have failed in all your attempts to get rid of your outstanding debt. With the help of Chapter 13, you can avoid foreclosure and also repa...
07th August 2009
Property deeds help you transfer or assign ownership of property, title to the land and a house in that land. Unlike earlier times, today such transfers are recorded electronically. There is a grantor and a grantee involved in the transfer of owner...
24th July 2009
What is Chapter 13 bankruptcy and what are its pros and cons?
Filing Chapter 13 bankruptcy can benefit you if you have failed in all your attempts to get rid of your outstanding debt. With the help of Chapter 13, you can avoid foreclosure and also repa...
21st July 2009
ARM or Adjustable Rate Mortgage is a good option for those who plan to own your home for a few years only or if you are expecting an increased earning or if your existing fixed rate mortgage is too high.
There are 4 components in Adjustable Rate Mortg...
16th July 2009
When you are planning to take out a mortgage loan, it is quite natural that you’ll have a number of questions in your mind. However, it is always better to get your mortgage questions answered before you borrow a loan.
2 ways to get your questions a...
27th June 2009
When you buy our home we have a lot dreams. You think about decorating it, about protecting it and feel immense pride in owning it. But if you have to lose our homes to foreclosure, it is going to be extremely disheartening. But many a times it so happens...
07th April 2009
If you're shopping for a mortgage to buy a home, it's essential to find out first how much house you can afford. Depending upon your affordability, you can look out for lenders who’d be ready to offer you the required loan amount.
How lenders judge yo...
13th March 2009
Scenario:
My husband and I have found a house and are looking for a mortgage between $1, 80,000 to $200,000. We are yet to close on the home. We are looking at options like 80/20 mortgage but are interested in any other program. Our annual salary is $6...
07th January 2009
Scenario:
I’m looking to refinance from 8.5% 30 year fixed rate mortgage to lower 30 year fixed loan. I owe $70,000 on $150,000. My credit scores are 725, 680, and 695. I’m also looking for additional cash of around $5000 to pay off the balance of...
12th November 2008
If you'd like to find out whether you can afford a mortgage on your home, use the How much house can I afford Calculator. This calculator helps you to calculate and find out how much mortgage you can afford with your monthly income.
How to use the Cal...
