Top 20 Secrets You Should Know When Getting A Home Loan
Scott White If you are planning to apply for a home loan, there are various types of home loans available in today’s financial market and each one comes with its own rules and regulations. Below you will find the top 20 secrets you should know when getting a home loan.1.Know About Various Types of Home [...]
Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis
Money Morning By, Shah GilaniContributing EditorMoney MorningUnderlying the credit crisis gripping the U.S. and world economies is a crisis of confidence. Blame has been laid at the feet of the U.S. Federal Reserve, and an investment bankers’ brew of toxic financial products. Ultimately, however, it was the supposedly trustworthy rating agencies that got everyone to [...]
Jumbo Loans and White Elephants: Will the Pace Pick Up?
Kristin Abouelata – Home Loans According to Wikipedia, the definition for a white elephant is “a valuable possession which the owner cannot dispose of, but whose cost (particularly of upkeep) exceeds its usefulness.” Hmmm. Sounds like some of the higher priced homes we hear may be sitting on the market a little bit longer than [...]
100% Home Loan Financing – Flex your Muscle
Kristin Abouelata – Home Loans With the current “mortgage meltdown” we hear so much about these days, your average consumer thinks that the days of 100% financing have gone by the wayside. True, you are hard pressed these days to find a bank or lender that will want to carry a second mortgage that combined [...]
What is the interest rate for high credit scores and the differences in rates?
echo1181 If one is prime rate. Credit score above 780. Are the final interest rates they quote you lower than what is advertise on their website? I am considering using a mortgage broker however their rates seem higher than the bank + the cost seems higher. If the rate is what they advertise, I might [...]
Why aren’t the mortgage companies and Banks resetting home loans to current value?
tarl m I was told that the mortgage companies and banks are going to reset (re-write) home loans starting on Oct 1st. Why are they waiting so long? If they re-set the loans now they will receive monthly payments and people will stay in their homes. If they continue to wait until oct 1st more [...]
How do home loans work with your available credit?
j j When you check your credit score or report it shows that you have so much debt and then it shows available credit you have left if you were to get like a car loan or school loan. So how does a home loan fit into that. Do they go by that available credit [...]
How can you find out what the interest rates are in market?
girly Is there a website to check Interest Rates? How can you check out the interest rates in Markets? How can you check out the interest rates in each countries?Powered by Yahoo Answers
Can you refinance your home loans even though your house is worth less than what is owed?
Mary Manteca We have 2 loans and with the interest rates going down, it may be in our best interest to try and refi and have lower payments though most people would tell us to just walk away and buy a cheaper home….Powered by Yahoo Answers
Federal Funds Rate and My Finances
Manuel Davis Jr. Lately there has been a lot of talk about the federal funds rate. This is something that dominates headlines whenever there is a change in this rate. Most recently the Federal Reserve made a huge rate drop. The 1st drop was 3/4ths of a percent, then shortly after by another ½ percent [...]