mortgage information: Looking To Buy A Home? Watch Out For These Mortgage Mistakes
- 02/28/12 07:11 AM
SOURCE Getting a mortgage is no simple task: It's a complex and time-consuming process, and perhaps one of the most significant events of our lives, at least in financial terms. Here are ten potential pitfalls to avoid: 1. Not checking your credit: Long before you begin searching for a mortgage, you should know where you stand in the credit score department. After all, a bad credit score can bump up your mortgage interest rate several percentage points or leave you with no approval at all. Be sure you check your credit early on (several months in advance) in case any changes … (0 comments)
mortgage information: A New Shot at Mortgage Relief
- 12/05/11 04:10 AM
William Compton has tried twice to refinance the mortgage on his home in Florida, but has been turned down each time. Like millions of other homeowners, William D. Compton would like to refinance his mortgage so that he pays less each month for his three-bedroom house in Gulf Breeze, Fla. With the savings, he figures he could afford a few extra movies and restaurant dinners or he could buy a new stove and brakes for his car, purchases he has postponed because finances are so tight. Although he would appear to be a good candidate, Mr. Compton, 57, has been turned … (1 comments)
mortgage information: Obama’s New Mortgage Refinance Plan: Questions and Answers
- 11/28/11 07:48 AM
WASHINGTON — Two big questions loom over the Obama administration’s latest bid to help troubled homeowners: Will it work? And who would benefit? By easing eligibility rules, the administration hopes 1 million more homeowners will qualify for its refinancing program and lower their mortgage payments — twice the number who have already. The program has helped only a fraction of the number the administration had envisioned.
In part, that’s because many homeowners who would like to refinance can’t because they owe more on their mortgage than their home is worth. But it’s also because banks are under no obligation to … (3 comments)
mortgage information: Refinancing Your Mortgage, While Underwater
- 09/06/11 08:11 PM
Source MANY whose homes have fallen in value feel stranded with underwater mortgages. ***** “A lot of people have been sitting and not doing anything,” said Cari Sweet-Kostoplis, a senior mortgage banker at Atlantic Home Loans in Lincoln Park, N.J. But they may qualify to refinance their loans through a variety of programs aimed at avoiding late or partial payments or foreclosure. “I don’t think a lot of people are aware that they have this option,” said Jef Kinney, the vice president for innovation and development of Fannie Mae, who oversees refinancing activity. Because interest rates remain low, he said, refinancing may bring their … (2 comments)
Have you been wanting to experiment with a new color or even repaint for freshness but that tall vaulted ceiling is getting in your way? Painting this type of ceiling can seem like a monumental size project but with a little guidance, you can get it done! Prepare the Room Keep in mind that as neat as you may be at painting walls, vaulted … (0 comments)
mortgage information: 25 Documents You Need Before You Die, or Before a Disaster
- 09/06/11 07:49 PM
Source I thought this was excellent information and after reading it, I was convinced I needed to get my "house" in order. And if you can't do it all, at least I hope this gets you started. For great tips on selling your home, please visit my website, www.AdrienneFrancis.com. It isn’t enough simply to sign a bunch of papers establishing an estate plan and other end-of-life instructions. You also have to make your heirs aware of them and leave the documents where they can find them.
Consider: At least 10 states have been investigating whether some of the country’s … (2 comments)
mortgage information: Homeowners Insurance, Are You Over or Under-Insured
- 09/06/11 07:47 PM
Source Paying for more homeowners insurance than you need is a waste of money, but it can prove even more costly to get caught without enough coverage. Considering what we are going through in many parts of NJ and the East Coast, I thought this was very timely and I hope it helps get us prepared for the next challenge to come our way. For great tips on Buying or Selling your home, visit my website, www.AdrienneFrancis.com. Trying to get just the right amount of homeowners insurance for your house and possessions may leave you feeling a bit like Goldilocks … (2 comments)
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