Home Loans

30 year mortgage rates on Wednesday slid by as much as 3-8 percent point to about 5 percent, nearing record lows, aftermost the Federal Reserve more than doubled its designed purchases of mortgage-connected securities.
The Fed announced “a shopping spree that could make Donald Trump blush,” said Bob Walters, chief economist at Quicken Loans in Livonia, [...]

Sometimes lenders will require that LMI be paid for a fixed period (for example, 2 or 3 years), even if the principal reaches 80% sooner than that. Legally, there is no obligation to allow the cancellation of MI until the loan has amortized to a 78% LTV ratio (based on the original purchase price).
Although many [...]

If you are looking to obtain Another residential home or property, mortgages are in the forefront of your mind. Mortgages are long-term loans, typically from a bank or a mortgage agent. Mortgages are repaid over long Durations of time, as these loans are for very significant sums of money. There are Numerous kinds of mortgages [...]

There are various causes that people might search for home loans refinance, especially during the current economic conditions. Possibly the most common is to take advantage of lower home loan interest rates. Many of the other reasons people refinance home loans is to pay off high priced credit cards, make household improvements, and rebuild their [...]

Note, this is a continuation of No Deposit Home Loan Part 1 so, if you have not read that yet please do so first.
So, how do you buy a property with nothing down, going with a conventional mortgage? Through a program that provides private contributions out of the seller’s equity. Here is an example. Suppose [...]

In this special report, I want to share with you a unique way to buy a home with no money down at all, and even how to get cash back at settlement. Plus, you will still have equity in the property. This program will work if you are buying a home for yourself to live [...]

Depending on the market, and the terms of the original mortgage, people can still walk away with a home equity loan that is at a lower interest than their first mortgage home loan.
Home equity loans are generally widely available to all homeowners, even to those who have had some negative marks on their credit reports [...]

Home mortgage Refinance rates are constantly changing, so here is the current refinance rates as of 3rd November 2008. Sorry if the table isn’t 100% but it’s a bit hard to format, but it should be readable enough:
Loan Type Today +/- This week
30 Yr Fixed Refi [...]

A Home Equity Loan is a secured loan and therefore the borrower needs to keep his property as collateral. Home equity loans are more common on homes already borrowed against, though this need not necessarily be the case. For instance, you brought a new home but are unable to pay the monthly installments, then you [...]