By Louie Latour If you are in the process of taking out a mortgage or refinancing your current mortgage there are steps you can take to get a better interest rate. Here is what you need to do before applying to improve your interest rate. Clean Up Your Credit The interest rate you will qualify [...]

By Natalie Aranda A Home Equity Loan is a type of revolving line of credit or loan based on the equity in the mortgager’s property. The property is the collateral for the loan, and it can be usable for any purpose, although most of the time it is used to consolidate credit card debt in [...]

By Louie Latour No doc mortgages are often referred to as stated income loans. These mortgages allow individuals with good credit and sporadic income to qualify for a mortgage. Here is all you need to know about no doc mortgage loans. No doc loans are intended for homeowners that have trouble documenting their income. If [...]

By Martin Lukac Mortgage Loan Basics To understand loans and mortgages we need to understand loan limits first. If your loan amount exceeds the amount below, you will qualify for a Jumbo Loan, which carries higher interest rate. One-Family (single family homes) $417,000 Two-Family(duplex) $533,850 Three-Family (triplex) $645,300 Four-Family(fourplex) $801,950 FIXED Loans: 30 Year Fixed [...]

By Maya Pavlovski As a consumer you are undoubtedly confused by the multitude of different home loan products advertised by lenders and brokers. The use of clever marketing tactics may lead you to believe that Low Doc loans and Non Conforming loans are essentially the same – but this is not necessarily true. While both [...]

By Maya Pavlovski So you have finally bought that home you were searching for. You have organised a Home Loan , have moved in and are enjoying your new life. As months go on and the bills start piling up you are probably asking yourself is there anything that can be done to help you [...]

By Craig Castle In Texas and many other parts of the country, senior citizens are being squeezed. They receive, on average, $965 per month in social security. And, while property taxes vary, a senior in many Texas cities with a home valued at $100,000 will pay more than $200 per month in property taxes alone. [...]

By Dennis Estrada Mortgage Lenders offers a special scheme in which borrower only pay the interest. With interest only mortgage, there is no amount that goes to pay off the principal. The borrower pays lower mortgage payment. This scheme is perfect for real estate investor and homeowners who do not wish to stay for long [...]

By Marc Keller Wyoming is becoming one of the most attractive states in the West. Located in the breath-taking Great Plains, Wyoming is the least populated of all the States. There is a lot of room for growth. The current population is estimated to be around 509,294. The population has increased by over 3% in [...]

By Martin Lukac There are going to be many factors which affect your mortgage rate, some of which are under your control and others which you can do nothing about. You should be aware of all of the factors which might affect your mortgage rate and take them into consideration before applying for a mortgage [...]