mortgage: What Are Government Loans? - 02/05/08 03:52 PM
By, Gaurav Bhola, MSM
Government loans are mortgage loans that are insured or guaranteed by the federal government. These loans are designed to aid home buyers who meet mortgage criterion that allow them to get into a home either with a lower down payment , a lower interest rate and/or with … (0 comments)
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mortgage: What Is An Interest Only Mortgage - 02/05/08 03:45 PM
By, Gaurav Bhola, MSM
An interest only mortgage has scheduled monthly mortgage payments consisting of interest only. Generally, the length of the interest mortgage payments last for a period of 5 to 10 years. If you pay only interest during this period your proceeding balance will remain unchanged. However, you may … (0 comments)
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mortgage: Useful Tips on Buying a Home - 02/05/08 03:25 PM
By, Gaurav Bhola, MSM
Home buying is one of the most important financial decisions you can make. With the proper resources, home buying can be an easier process. Let's learn the basics of home buying in seven easy steps.
Step 1: Identify My Home Needs
List in order of priority the features and … (0 comments)
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mortgage: Sell Your Home Fast By Using These Tips - 02/05/08 03:14 PM
By, Gaurav Bhola, MSM
It is time to make a move and you need to sell your home fast. Use the following strategies to sell your home quickly:
Step 1: My Marketing Strategy
When selling your home, how do you want to distinguish your home from the rest of the flock? How serious and … (1 comments)
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mortgage: Federal Government Seeks to Prevent Economic Recession - 01/08/08 09:22 AM
Federal Government Seeks to Prevent Economic Recession Mortgage Home Loan and Housing Market Main Areas of Focus for Government By, Gaurav Bhola, MSM
The housing market corrections of 2007 may well continue into 2008. The government is scrambling to forestall any further market adjustments. The government wants to be proactive in avoiding … (0 comments)
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mortgage: Who can Take On Microsoft Office and Microsoft Windows - 11/28/07 09:09 AM
Who can Take On Microsoft Office and Microsoft Windows Subtitle: Ubuntu, Open Office, IBM Symphony, Projity, and Google Applications Think the Time is Ripe to Dethrone Microsoft.
By GauravBhola, MSM
The Microsoft monopoly has been in full throttle for years, too many years. Many software came and went, many seemed … (0 comments)
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mortgage: Mortgage Rates Slide Lower, Somewhat - 11/15/07 01:38 PM
by Gaurav Bhola, MSM
The never ending saga of increasing mortgage rates seems to have hit a wall; well, more like a small speed bump. After an 11 month high of 6.74 percent for 30-year mortgages, the rate lowered last week to an average of 6.69 percent, as reported by Freddie Mac. … (0 comments)
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mortgage: Mortgage Rates Cut, Great Opportunity for Home Buyers - 11/15/07 10:31 AM
by Gaurav Bhola, MSM
As the housing market tries to find its footing, the mortgage rates have eased. The lowering of mortgage home loan rates seems to be a response to the Federal Reserve's (Fed) decision to cut interest rates recently. The Fed gave the home buying and mortgage markets much needed … (0 comments)
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mortgage: Top Ten Tips for Buying a Home - 11/15/07 10:16 AM
by Gaurav Bhola, MSM
Home buying has always been a tedious process. The home buying journey is fraught with winding turns and crossroads, making buying a home complex and difficult. The complexities of the real estate and mortgage market are not easy to decipher. So, the more prepared you are before you … (2 comments)
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mortgage: Are Adjustable Rate Mortgages Worth It? - 11/15/07 10:13 AM
by Gaurav Bhola, MSM
It is surprising that a study would find an option adjustable rate mortgage (ARM), the best mortgage available. The August 2007, Columbia University and New York University study found that in an optimal environment, an option ARM or a combination of an interest only mortgage with a home … (1 comments)
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mortgage: Mortgage and Real Estate Markets - 11/15/07 10:09 AM
by Gaurav Bhola, MSM
The housing market has been in a downturn for a while now. The mortgage market is part-and-parcel of the housing market, has also been seeking a recovery. The reports on existing home buying sales for July and August shook the markets last week. Also, the decline in the … (0 comments)
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mortgage: Federal Reserve Cuts Interest Rates - 11/15/07 10:02 AM
by Gaurav Bhola, MSM
The Federal Reserve has been working hard to influence the direction of the economy through monetary policy. The Fed attempts to expand the economy at a steady rate in order to achieve sustained long-term velocity. Also, the Fed endeavors to keep inflation at a low level, uphold price … (0 comments)
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mortgage: Mortgage Lenders and Mortgage Investors on Their Own - 11/15/07 09:55 AM
by Gaurav Bhola, MSM
The language emanating from Federal Reserve Chairman Ben Bernanke and President George W. Bush is loud and clear; there will not be any bail out of mortgage lenders, mortgage brokers, and mortgage investors.
President Bush and Bernanke were blunt in their message that mortgage lenders will not be … (0 comments)
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mortgage: Foreclosures Add to Supplies of Homes - 11/15/07 09:52 AM
by Gaurav Bhola, MSM
The current real estate home buying market is the worst one in 16 years. The housing market has been a victim of an oversupply of homes, rising defaults on mortgage loans, higher foreclosure rates, and residual effects from the subprime mortgage crisis. The overabundance of homes has pushed … (0 comments)
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mortgage: Is Old Still Gold? - 11/15/07 09:45 AM
by Gaurav Bhola, MSM
The reverberations from the US subprime mortgage fiasco have not only been felt at home but abroad as well. European stock markets took a significant downturn when two weeks ago French bank BNP Paribas stopped panicky investors from cashing out from three investment funds worth $2 billion. The … (2 comments)
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mortgage: Foreclosure Rates Climb - 11/15/07 09:42 AM
by Gaurav Bhola, MSM
The state of the mortgage industry is not looking bright, neither is the outlook for homeowners. While many mortgage lenders are attempting to avoid bankruptcy, many homeowners are trying to avoid foreclosure. Recently, American Home Mortgage filed for bankruptcy protection; so far Countrywide Financial is attempting to stay … (2 comments)
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mortgage: Mortgage Defaults cause Angst among Homebuilders - 11/15/07 09:36 AM
by Gaurav Bhola, MSM
Homebuilders have been in rough waters for the last couple of months. Their new home inventory has been sitting practically idle in the down housing market. A recent survey of homebuilders’ sentiment reflected a 16-year low in their confidence in the housing market.
The homebuilders’ quantified sentiment … (0 comments)
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mortgage: The Stock Markets Rise but Mortgage Fallout Not Over - 11/15/07 09:32 AM
by Gaurav Bhola, MSM
The ‘Mortgage Friday’ last week saw the stock market decline, as the residue of the U.S. mortgage market infected stock markets worldwide. The ongoing concern of the subprime home loan mortgage market restricted credit and credit liquidity caused the Federal Reserve to inject $38 billion into the banking … (0 comments)
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mortgage: Mortgage Home Loan Fears Derail Global Stock Markets - 11/15/07 09:05 AM
by Gaurav Bhola, MSM
The mortgage contagion has spread like wildfire, infecting the global markets. In recent months the mortgage whirlwind has been gathering strength on terra-U.S., no longer able to be contained, the mortgage whirlwind has departed U.S. shores, on its path to engulf markets worldwide. The U.S. stock markets in … (2 comments)
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mortgage: Mortgage Lenders Come Under Congress Home Loan Scanner - 11/14/07 04:45 PM
by Gaurav Bhola, MSM
Will the Congress come to the rescue of consumers to initiate reform of home loan mortgage lenders? It may. The Democrat-led Congress may submit legislation to place stringent measures to curb abuses within the mortgage industry.
The mortgage industry includes not only mortgage lenders, mortgage brokers, but also … (1 comments)
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mortgage: Mortgage Applications Drop Yet Again - 10/03/07 10:30 AM
by Gaurav Bhola, MSM
The mortgage crisis seems to be persisting unabated. Now it looks like the volume of applications is still sliding. Last week showed the weakest level ever in five months with the Mortgage Banker Association’s (MBA) adjusted index of mortgage applications falling 0.3 percent in the week ending July … (0 comments)
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mortgage: Another Casualty in Mortgage Arena - 10/03/07 10:26 AM
by Gaurav Bhola, MSM
It was just a matter of time before heads rolled at Bear Stearns Co. This was only to be expected after Bear Stearns High-Grade Structured Credit Enhanced Leveraged Fund, valued at about $638 million and the High-Grade Structured Credit Fund, worth about $925 million lost their value in … (0 comments)
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mortgage: Home Equity Line of Credit (HELOC) - 10/03/07 10:12 AM
by Gaurav Bhola, MSM
A HELOC is simply a loan set up as a line of revolving credit for some maximum draw, instead of a fixed loan amount in which your home is collateral. HELOCs can be used to pay for several important items:
· College education tuition
· Private school … (1 comments)
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mortgage: Home Equity Line of Credit, Use it Wisely. - 09/28/07 04:40 PM
by Gaurav Bhola, MSM
As the mortgage industry spirals downward, home equity loans may also lose some of their sheen. Home equity lines of credit and home equity loans are second mortgages taken out against the equity in your home. The equity in your home is the difference between your … (0 comments)
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