What Happens To Your Home When You Can No Longer Afford Your Mortgage Payment?
With the turmoil in the financial markets, rise in unemployment, drop in the equity markets, and the incredible increase in the amount of mortgage lates and foreclosures around the country, is there anything that a homeowner can do to save their home from the lender that is holding the mortgage note?
Typically, when (more…)
Congratulations, you have bought a new home! Or, to be more precise, you are the winning bidder on the home of your dreams. Now for the hard part: obtaining a California mortgage loan. If you thought the home shopping process was a trip, you haven’t seen anything until you start to shop for a California mortgage loan. Offerings and rates are all over the place; let’s take a look at a California (more…)
Getting a mortgage today is simpler and quicker than you might imagine, so being prepared before you approach your possible lenders is of utmost importance.
Looser Rules, Tougher Questions
Although financial institutions are starting to approve more mortgages today than as little as 3 years ago, it does not mean you should be unprepared. The new Qualified Mortgage (QM) law and the Ability-to-Repay (more…)
Buying a property is a massive undertaking. It is, no doubt, going to be the greatest expense of your life and one of the most nerve wracking purchases that you will ever make. We are talking about a very large sum of money and one wrong step could spell disaster and the loss of a lot of your money or even the loss of your home. If you are willing to undertake this kind of responsibility (more…)
OK, so you want to buy a home, or you feel it is time to refinance the mortgage loan you already have. Great! Now what? There are hundreds of banks and other lenders on every corner, aren’t there? Type in “mortgage” in Google or another search engine and thousands of sites come up. How do you sort out the players?
First of all, understand that virtually every bank and lender (more…)
Many people going though a divorce want to remain in the home for sentimental reasons. Other times it is out of spite that they want to keep the house the soon to be “ex” worked so hard to get or was proud to have. But staying in a house they cannot afford because they are emotionally attached to it is the Number 1 mistake most make when a divorce is involved. Often the client (more…)
Situated in north central North Carolina, Raleigh is the capital of the Tarheel state and is a booming city that has witnessed many changes over the past several decades. Gone are the days when Raleigh was little more than a sleepy, southern city in a chiefly agricultural state. Today, Raleigh has more than 320,000 residents and is part of a exploding metropolitan area that (more…)
Many of you may be unaware of the fact that an average homeowner in the United States refinances home mortgage every four years. That’s how common homeowner refinancing is. There are plenty of costly mistakes which you can make when you refinance. These mistakes can add up to thousands of dollars lost. You can easily avoid costly mistakes by learning a little more about the subject.
What is a mortgage? Mortgages are one of those financial packages you will be so intimate with, it is like they are with you between the sheets! That is why it is so important to learn all you can about them. Let us discover more about mortgages.
If there is one kind of thing other than a spouse that you will or should be intimate with, is the mortgage! Mortgages are essential things, and when (more…)
In any household there are certainly times when money is lacking or practically non-existent, but is still, no doubt, needed quite badly. Spur of the moment household emergencies and unexpected projects arise from all directions, from left to right and up and down. And usually, when these unplanned scenarios pop up, it means not only a substantial amount of time, but also, significant loads (more…)