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22nd September 2009
Bad credit doesn't have to be a stumbling block when it comes to refinancing your home. There are many companies willing to take a chance on people with less than desirable credit. The key to getting refinanced when you have bad credit is to present a pic... Read >
Author: Nick Messe01st June 2009
Have you been worried or even just concerned about meeting a high monthly mortgage payment? Perhaps you have been pondering negotiating for a better deal, such as a Bank of America loan modification period. This nationwide lending bank is now offering loa... Read >
Author: Lindsy Emery20th May 2009
There are a number of factors that will influence the timing and the depth of the price decline. There are a number of psychological factors and technical factors in play. These include:
* Smaller Debt-to-Income Ratios
* Increasing Interest Rates and ... Read >
Author: Robert Bell01st May 2009
Loan standards vary over time as the credit cycle loosens and tightens. Many borrowers in the bubble rally were qualified with low credit scores, very high combined-loan-to-values, high debt-to-income ratios, and little or no income verification. When the... Read >
Author: Robert Bell17th April 2009
The cumulative impact of the decisions of buyers is represented in the debt-to-income ratios, how much each household pays to borrow versus how much they make. Comparing the trends in debt-to-income ratios provides a great tool for elucidating the behavio... Read >
Author: Robert Bell07th 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... Read >
Author: Samantha19th March 2009
Exotic loan financing terms took over mortgage finance in the Great Housing Bubble. As people using these loan programs began to default in large numbers, exotic loan programs all but disappeared. This left the 30-year, fixed-rate, conventionally amortize... Read >
Author: Robert Bell10th March 2009
The difficult problem with affordable housing is how to provide it without making it unaffordable. Finance is not the answer. We all want affordable housing. There are numerous government programs designed to provide low-cost rental and ownership properti... Read >
Author: Robert Bell03rd March 2009
In 2007, the financial markets were abuzz with talk of a "credit crunch." It was portrayed as some unusual and unpredictable outside force like an asteroid impact or a cold winter storm. However, it was not unexpected, and it was not caused by any outside... Read >
Author: Robert Bell20th February 2009
The Great Housing Bubble was inflated by a massive expansion of credit and the influx of capital into residential mortgages. The expansion of credit took four forms: lower interest rates, lowering or eliminating qualification requirements, different amort... Read >
Author: Robert Bell23rd January 2009
To purchase any house, condo or mobile home, many realtors and sellers only receive offers from buyers who have pre-qualified for a mortgage loan or have cash available. It is uncommon that someone has enough money to pay for a new home without some kind ... Read >
Author: Karen Bellas20th January 2009
Over the last 60 years since World War II ended, a number of experimental loan programs have been attempted. These include interest-only loans, adjustable rate loans, and negative amortization loans among others. It is this group of loans that has consist... Read >
Author: Robert Bell16th January 2009
Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans. This argument was made because these two categories have historically had low default rates. Of course, this argument ignored ... Read >
Author: Robert Bell08th January 2009
The debt-to-income ratio is a measure of how far buyers are "stretching" to buy real estate. Buyers have historically committed larger sums to purchase real estate when prices are rising in order to capture the appreciation of rising prices. Conversely, b... Read >
Author: Robert Bell15th October 2008
Marriage is about much more than love and romance. It's about a life partnership, and that partnership includes money. So before you set the date, check your credit scores.
If you're dreaming of setting up housekeeping in that cottage with the white pi... Read >
Author: John Rasor24th September 2008
No credit check loans offer you the freedom of borrowing money without any credit check. It is designed for people with bad credit history, i.e., people who do not make timely repayments or missed repayments, write bad cheques, have recently declared bank... Read >
Author: SamGoodliff19th September 2008
When you take out a loan, your past payment history is the foremost concern of the lenders. If it is good then a new loan comes with ease. In case of a bad credit history, the loan usually is delayed for many days, which hurts the most at the time of emer... Read >
Author: SamGoodliff28th August 2008
Cincinnati- For those in the market to buy a home in the next few months there are several new programs that make buying very attractive. The Department of Housing and Urban Development has a new program in selected states that allows homebuyers to purcha... Read >
Author: Shane Nichelson27th March 2008
Most of the people can afford a mortgage payment and associated costs to owning their own home but the thought of coming up with a substantial down payment often stops them from taking the plunge. Some of charity organizations and federal institutions are... Read >
Author: Robert Palmer12th March 2008
A few years ago I was working with a first time home buyer couple who were in the process of purchasing a home using FHA. The couple was referred to me by a very prominent real estate agent in the area. The couple sailed through the loan application ... Read >
Author: GetPreQualified01st November 2007
Unless you are living in a cave, you have most likely heard something about "Sub-Prime" or "Subprime" mortgages and how they are responsible for the tightened lending policies that we are seeing today. Most homeowners feel that what is going on in the hom... Read >
Author: jasongolod04th October 2007
People who own property find it much easier to secure loans. They are able to access the best deals everywhere. A secured homeowner loan is always considered to be a much cheaper option than an unsecured loan. Lenders are willing to charge lower rates of ... Read >
Author: ajeetkhurana25th September 2007
FHA RevisitedThe first in a series of commentaries on timely subjects relating to the housing market from EZdigs.comWith the sub-prime meltdown hundreds of popular loan programs have been cancelled virtually overnight. These programs were risky loan progr... Read >
Author: Mike Satterlee24th July 2007
For many homeowners seeking help to stop foreclosure, refinancing their current mortgage is quickly becoming the option of choice, especially if they feel their home has enough equity in it to justify the decision. The only way this can be determined, how... Read >
Author: Tired Dad Of Four18th April 2007
Achieving a bad credit auto loan isn’t had to do, you maybe able to get an auto loan with the proper requirements and documents for the lenders pending the approval. There are a variety of sources and ways to go about to get into a car. There are severa... Read >
Author: Dale Rogers17th February 2007
If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain private mortgage insurance, known as PMI, with your lender. This will enable you to obtain a mortgage with a lower down payment because your lende... Read >
Author: Martin Lukac18th May 2006
In a recent article appearing on IndyStar.com*, it was reported that Indiana and Ohio lead the nation in the number of home mortgage foreclosures. As the article describes, there are many reasons for the high mortgage foreclosure rate. Regardless of the... Read >
Author: Chris France20th April 2006
With Florida home mortgage rates rising now is the time to refinance. Refinancing now turns home equity into cash to pay off credit cards or car loans.
Even if the mortgage rate is a little higher than expected, opportunities exist to "buy down" an in... Read >
Author: Keith Hunt21st July 2005
Years ago, the only person that could buy a home in Irvine with zero down payment using a new purchase money loan were Veterans of War (called a VA loan). In the past several years, there has been an explosion of new loan programs designed to fit most any... Read >
Author: vincent bindi
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