LIFETIME MORTGAGENEWS AND ARTICLES - NIGHT & DAY |
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Mortgage ArticlesThe articles listed on this page are updated several times a day; so, check back frequently for new additions. Best Refinance Lenders - How to Find the Pro's?3 Feb 2012 at 4:06pm During the past couple years in which the mortgage market has been in turmoil, determining who are the best refinance lenders has become a real challenge. While current interest rates are still at historic lows, the fact remains that the lending guidelines have tightened up to a degree that is unprecedented.Read more... HR 3915 - Will It Put Mortgage Brokers Out of Business?3 Feb 2012 at 3:51pm As I'm sure most of you know, HR 3915 is the Mortgage Reform and Anti-Predatory Lending Act of 2007. And it is amazing the amount of misinformation out there regarding the true understanding of this bill. I just received an email that stated, "Hey Deryck, please sign this petition, if HR 3915 actually passes then mortgage brokers will be out of business by next week".Read more... Purpose of a Mortgage Broker3 Feb 2012 at 2:44pm A mortgage broker works to help you analyze your situation and choose the best mortgage option that suits your requirements. Mortgage brokers are educated in the field and are regulated by licenses. Brokers offer the borrowers different plans from various lenders. They can be employed by a firm or can work privately. People looking for a mortgage loan hire these professionals to help them find what they are looking for.Read more... Types of Mortgage Loans in the Market3 Feb 2012 at 2:43pm A mortgage loan is one which is taken from banks, private mortgage brokers or online brokers. These loans are taken by pledging owned property in order to buy another residential or commercial property. They are sometimes taken to even refinance another loan. Mortgage loans generally extend over a period of 15 to 30 years. The payment amounts are distributed depending on the exact number of years, the type of mortgage and the decided rate of interest. The property that is purchased serves as security in case of a debt.Read more... Hiring Your Mortgage Lender3 Feb 2012 at 2:43pm Hiring a good mortgage lender can make buying a house a pleasant and smooth deal, while using the wrong one can even result in you losing your dream home. There are several things to consider before signing on a lender to ensure positive results.Read more... Unknown Facts About Home Mortgages3 Feb 2012 at 11:23am Home mortgages are taken by people to purchase a house; it acts as a security for the loan. Mortgages are paid back over a period of time and involve an interest amount as well. The interest rate varies depending on the kind of mortgage, the current market and several other factors. Getting a home mortgage is a long process and hiring a broker or a financial advisor can be very helpful.Read more... Three Reverse Mortgage Misconceptions3 Feb 2012 at 10:14am Many people when they hear the words reverse mortgage think it is something bad or a loan you only get as a last resort. While this loan is not for everyone, there are some common misconceptions that many people believe. With a little education it is easy to see that this product can be a great tool for many seniors.Read more... Making Sense of Mortgage Rates for the Meek3 Feb 2012 at 9:01am Buying a house can be an overwhelming experience, the idea of dealing with mortgage rates can be intimidating, especially as most simply do not have the means to make the purchase outright. How do you make sense of it all? It always helps to know what the terminology means, if only so you know what you are getting into.Read more... How to Make Use of a Mortgage Calculator With Ease2 Feb 2012 at 2:40pm Mortgage calculators are designed to compute payments that comprise ongoing interest rates. It has become a valuable tool when it comes to computing monthly payments.Read more... Desire A New Home? Get Easy Home Loans To Fulfill Your Dreams2 Feb 2012 at 2:17pm If in the near future you plan to buy a home then looking into the necessary prequalification for the home loan is very essential. With the help of a loan for a home mortgage this is a preliminary step. Negotiations between you and the seller can take place in case you prequalify for the home loan which is an indication that you are serious about purchasing the home.Read more... Government Extends Mortgage Relief Help Efforts1 Feb 2012 at 3:21pm President Obama has talked a lot about ending the foreclosure crisis and developing better strategies for helping homeowners in trouble. After admitting previous efforts met few expectations, the White House went back to the drawing board to revamp existing programs and help facilitate changes in a sinking housing market.Read more... Dealing With Mortgage Repayment Difficulties1 Feb 2012 at 2:09pm Homeowners struggle with mortgage repayment for various reasons. Unemployment, serious medical illnesses and other financial emergencies that drain a household budget make it difficult for homeowners to make mortgage payments on time.Read more... Understanding Points In A Home Mortgage Loan - When Is It Best To Use Them?1 Feb 2012 at 9:20am The idea of Points on loan can be confusing to a borrower who is trying to refinance their present home loan mortgage, or trying to purchase a new home. When given the option of Paying Points, or Paying No Points or paying a Higher Interest Rate to Eliminate Closing Costs, what criteria will be best suited for you? Find out which of these options best fits your financial strategy.Read more... Home Loan Refinancing With Bad Credit the Answer to Effective Mortgage Manage...31 Jan 2012 at 4:23pm Difficult financial times can threaten your home. But home loan refinancing, with bad credit specifically addressed, can serve to make everything more manageable, and lessen the monthly financial strain.Read more... Understanding Your Home Mortgage Loan With Bad Credit FICO Scores31 Jan 2012 at 1:22pm Convincing lenders to approve home mortgage loans with bad credit is not as difficult as many believe. A well-prepared application is the secret. Understanding how credit ratings work is key element to this.Read more...
Latest News
Deal Is Closer for a US Plan on Mortgage Relief - New York Times
Mortgage madness: More mess - Tribune Review
American Foreclosure Hits Bottom With Tower Auction in Atlanta: Mortgages - Bloomberg
A Mortgage Tornado Warning, Unheeded - New York Times
Foreclosure Deal Deadline Arrives as States Consider Releases - BusinessWeek
Mortgage rates now at record lows - Nooga.com
New York Sues 3 Big Banks Over Mortgage Database - New York Times
Mortgage rates expected to remain low - Newsday
Refinancing: Time to Act? - Wall Street Journal
Regulator: Freddie Ceased Mortgage Transactions 'On Its Own' - Wall Street Journal (blog)
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