Building equity
Obtaining a mortgage and making a payment that covers the principal and interest portion of your mortgage payment will help you to build equity in your home. Every time you make a payment on your mortgage the portion of your payment that is applied to principal is used to decrease your mortgage bala ...
(Posted: 12/13/2007 5:19:02 PM) Permanent Link
Tags: [equity, appreciation]Debt Consolidation Home Refinance
A debt consolidation refinance is when a borrower uses the equity in his/her house to consolidate some or all of their existing debt by refinancing their current mortgage.
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(Posted: 12/13/2007 5:18:49 PM) Permanent Link
Why use a mortgage broker
There are many reasons that you should use a mortgage broker and many advantages to using a mortgage broker. One reason to use a mortgage broker is because a mortgage broker has access to all kinds of different home loan programs. ...
(Posted: 11/5/2007 1:01:22 PM) Permanent Link
Tags: [broker, home loan]
Improve My Credit Score
If you have been told your credit score is too low to obtain optimum mortgage financing or have been turned down for a loan, there are some simple ways to improve your credit score. The first step is to obtain a copy of your credit report and check it for accuracy. ...
(Posted: 11/5/2007 1:01:20 PM) Permanent Link
Tags: [credit score, fico score, improve credit]
Frequently Asked Questions - Credit
One of the biggest factors in qualifying for a mortgage is one's credit profile. Often times reviewing your credit report or even how credit works can become confusing for those of us who are not familiar with all the jargon, graphs, and numbers. ...
(Posted: 11/5/2007 1:01:12 PM) Permanent Link
Consolidating Credit Card Debt into Your Mortgage
Some financial "gurus" have advised against this because you are turning unsecured debt into secured debt. While this is basically true the fact is that defaulted unsecured debt can be secured against real property very quickly once the debtor is sued for it and a judgment is received. ...
(Posted: 11/5/2007 1:01:10 PM) Permanent Link
Seller Credit
Seller credits can be useful when buyers are short of the cash required to make an offer to buy a home. ...
(Posted: 11/5/2007 1:01:08 PM) Permanent Link
Tags: [seller credit, new home buyer]
Reserves and Assets
When applying for a mortgage, whether you fall into the conforming or sub-prime lending criteria, many lenders require that you at least state, and may even ask you to verify reserves and assets held in liquid accounts. ...
(Posted: 11/5/2007 1:01:00 PM) Permanent Link
