Mortgage Refinance Information

Selling Your Business Note

Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in monthly payments?

Are Biweekly Mortgages Really Worthwhile?

You may have heard people, especially mortgage lenders, extolling the virtues of biweekly payments, saying that you can save thousands of dollars and take 5-7 years off your mortgage--and then offering to set up a biweekly plan for you for as little as $400. But you don't have to spend $400 to begin saving money and time on your mortgage. In fact, you don't have to spend anything at all! You can set up a money-saving mortgage payment plan yourself--easily and at no extra cost.

Bankers Dont Want You to Know That You Pay for Your No Cost Home Loan Forever

With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers. One of the oldest programs remains steadfast in both its high profile and its duplicity. This program is the No Cost Home Loan -- the one bankers say is free, but you actually pay for as long as you have the loan.

How Good a Deal Is Your Banks Mortgage Insurance Plan?

When you go to the bank to get a mortgage, you'll inevitably be asked to take out mortgage insurance. The idea behind mortgage insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank. Most financial institutions act like they are doing you a favor by offering you mortgage insurance through their own group plan, but are they?

Total Cost Of Credit vs Monthly Payments

I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages. A company was announcing the availability of 40 year mortgages for its customers. The stated purpose was to lower the monthly payments to make buying a home more affordable.

A New Choice for Home Financing: Correspondent Lenders

When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.

Housing Bill - Changes in the Right To Buy Scheme

Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change. As of the 18th January 2005, the new Housing Bill becomes law and the current 2 years will change to a period of 5 years. This means, that once the proposals come into force, any new council tenant will have to wait 5 years before having the option of buying their property.

Understanding a UK Commercial Mortgage

In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.

Understanding UK Bridging Finance

Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged. The word "bridge" conveys the fact that the loan is designed to get you over a temporary obstacle.

Free Home Equity Loan Information

Home equity loan information can sometimes be confusing and misleading. I have written this article to properly explain home equity loans. Basically equity is the difference between your home's appraised -- or fair market value and the outstanding mortgage balance you owe on your home. Borrowing against the equity built up in a home has become extremely popular.

Types of Home Equity Loans

There are at least two types of home equity loans.

Reasons To Get A Home Equity Loan

Using a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in the first place.

The Zero Down 80/20 Mortgage

This is an excellent loan for those that are lacking the down payment required for other types of mortgages.

Mortgage Prepayment Penalties - Just Say No

One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for paying an additional amount of money, typically about six months interest on 80% of the mortgage balance. Sub-prime market loans will typically carry prepayment penalties more than standard mortgage loans.

Student Home Purchase Plan

Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students can afford cost increases less than any other demographic in Canada. Because of this, parents and students alike are looking for new ways to offset the costs of education.

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Mortgage refinance share jumps 5% despite rising interest rates
The refinance share of mortgage activity increased a full 5% from December to January, rising to 45% of all closed loans, according to the latest Origination Insight Report from Ellie Mae. The share of FHA refinances increased three percentage points ...
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Birmingham Business Journal

Study: Even with rate upticks, metro Bham homeowners miss out on refinancing savings
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Many homeowners in the Birmingham metro area could be missing out on savings by not refinancing their mortgages – even with the recent uptick in rates. Jefferson County was listed as No. 1 in the state where homeowners are missing out on refinance ...

Refinance Calculator : Should You Refinance Your Mortgage?
The Mortgage Reports (blog)
That's why this mortgage refinance calculator shows monthly savings as well as lifetime savings. While you might save money each month by refinancing, it doesn't always mean you'll save money in the long run. Of course, there are other reasons to ...

Construction Business Review

Stage set for launch of State-backed mortgage company
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“We need Sh2 billion for delivery of the housing units. This money will also be used to restructure the National Housing Corporation and establish the Kenya Mortgage Refinance Company and set up the National Housing Development Fund,” Aidah Munano, the ...

National Mortgage News

Mortgage refi application share reaches lowest point since 2008 ...
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The share of mortgage refinance applications dropped to its lowest level in nearly 10 years as interest rates continued to climb.

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Daily Nation

Shelter Afrique low-cost housing plan in top gear
Daily Nation
In its January 2018 report titled The Total Cost of Credit Post Rate Cap, Cytonn Investments says financing mortgages is the key to addressing housing shortage. Already, the World Bank has proposed having a Kenya Mortgage Refinance Company that adapts ...

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MBA: Mortgage refinance apps increase from week before | 2018-02 ...
The Refinance Index increased 1% from the previous week, however, the refinance share of mortgage application activity continues to decrease. But even as refinance apps increased, purchase applications remained unchanged.

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Mortgage refinance applications surge 9 percent as rates fall back
Total mortgage applications rose 4.7 percent last week, driven by applications to refinance.

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Nigeria's Own Fannie Mae Sets Out to Double Mortgage Loans ...
After suffering through an economic contraction that restrained demand for housing loans in Africa's most-populous country, Nigeria's state-backed mortgage guarantor is anticipating that a return to growth will help double its nascent asset base.

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Philadelphia Business Journal

The rationale behind PHH's sale to Ocwen - The Business Journals
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After an almost year-long review of its operations, PHH Corp. unveiled a new strategic plan last year designed to help rescue the company from the damage caused by the housing market crash of almost a decade ago. Called PHH 2.0, it involved operating a ...
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