By Julian Thornton In the past, traditional mortgage lenders have automatically rejected people who had declared personal bankruptcy. Many potential home-buyers felt they must wait at least seven to 10 years after a bankruptcy to be eligible to become homeowners. This is a common misconception. While some people declaring bankruptcy have had trouble managing their [...]

By Art Bermudez Pros and Cons of an Option Arm Loan, Pick a Payment, Pay Option, Freedom Loan or whatever the lender tries to call it. They are all the same type of loan, with some differences of course. I will explain to you the pros and the cons. Ready? Here we go. Below are [...]

By Kerry Bradburn Everybody has heard of flexible mortgages where the amount paid each month varies with the Bank of England base interest rate, but what if there was a flexible payment mortgage where you were given the choice of how much to pay based on how much you had earned each month. For most [...]

By Louie Latour When it is time to refinance your mortgage there are steps you can take to ensure you do not overpay lender fees and closing costs. Here are tips to help save you money when refinancing your mortgage. If you are in the market to refinance your mortgage doing your homework and shopping [...]

By Mary Stasiewicz Making the decision to refinance a home equity loan is an important choice which should involve a great deal of consideration. The following are ten key points for homeowners to consider when making this important decision of securing a second mortgage loan: 1. The purpose for which the liquid funds will be [...]

By Ken Marlborough The tremendous growth of the mortgage net branch business has opened up a plethora of opportunities for small-time and amateur mortgage professionals. Huge mortgage companies that wish to expand on a nationwide scale often offer franchises to small mortgage companies within the desired localities. These give rise to the mortgage originator and [...]

By Alison Cole The United States’ government offers many benefits to veterans and service personnel; VA home loans are one of them. VA home loans can be used to purchase a new home or refinance an existing home mortgage. These loans are available to all honorably discharged veterans and active duty military personnel. The Department [...]

By Alison Cole There are many varieties of loans offered to veterans and service personnel, and a home improvement loan is one of them. Repairing an existing house using ordinary home improvement loans could turn out to be quite costly compared to VA home improvement loans. Home improvement loans can be used for any repairing [...]

By Martin Lukac Mortgage application volume was down 6.7% last week, according to the Mortgage Bankers Association’s weekly application survey index. The index hit the lowest level since November 2003 at 529.6 for the week ended June 23. The number of mortgage applications is down 31% when compared to last year at this time. The [...]

By Amanda Pane Your first mortgage can be more interesting if you have acquired enough mortgage knowledge. But if you don’t know much about mortgage rules, there are possibilities that you may not get a better mortgage deal. Most of the mortgage lenders will be more interested in earning profit from you rather than helping [...]