Archive for January, 2007

Mortgage Free In 15 Years!

Wednesday, January 31st, 2007

Mortgage Free In 15 Years!
 by: Tom Levine

Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.V.? Travel around the world? If you could eliminate your mortgage in half the […]

Exploring Options For Mortgage Financing And Housing

Wednesday, January 31st, 2007

Mortgage finance and housing is a term most people come across at some point in their lives. Everyone needs a home to live in. There are several kinds of mortgages available to finance your housing requirements. Below is a list of some of the mortgages available.
Adjustable Rate Mortgage As the name suggests, these are […]

Mortgage Loans 101: How to Prepare for Closing Costs

Wednesday, January 31st, 2007

Most home buyers understand the basics of home mortgage loans. They know what a mortgage loan is, how interest works, and other fundamentals of the home loan process.
But when it comes to the closing costs associated with buying a home, many of these same home buyers get caught off guard - by both […]

Freelancing in the Mortgage Brokering Business.

Wednesday, January 31st, 2007

Do you want to get yourself involved in the mortgage brokering business as a freelancer? Well listen up. There are two areas you can do freelance brokerage work in.
1. as a loan officer. 2. as a mortgage broker.
Both areas have their own peculiarities. The loans officer earns money from what is regarded as […]

Mortgage Refinancing - Comparison Shopping With the Good Faith Estimate

Tuesday, January 9th, 2007

By Louie Latour
If you are in the market for a new mortgage loan, careful comparison shopping can save you thousands of dollars if you go about it correctly. Many financial advisors will tell you to use the Annual Percentage Rate, or APR when comparison shopping; however, the APR simply does not give you enough […]

Increase Your Credit Score Before Refinancing That Mortgage

Tuesday, January 9th, 2007

By Brandon Cornett
People refinance their mortgages for many different reasons. But the end goal is usually the same in all cases — get a better interest rate!
Improving your credit score is a crucial step in qualifying for a better interest rate. Sure, you can refinance to take advantage of a more favorable market. But when […]

Mortgage Cycling: Advantages and Disadvantages

Tuesday, January 9th, 2007

By Richard Pettinger
Mortgage cycling has recently been marketed as a unique way to pay off your mortgage early and build up equity at the same time. The basic premise behind mortgage recycling however, has actually been used before. The main idea is that you make additional payments to reduce the mortgage principal and therefore pay […]

Mortgage Refinancing - Energy Efficient Mortgage Loans

Tuesday, January 9th, 2007

By Louie Latour
Mortgage refinancing with an energy efficient loan allows you to upgrade your appliances and save money on your utility bills. Energy efficient mortgages allow homeowners the benefit of mortgage refinancing while taking advantage of energy saving options previously only available with new homes. Here are several tips to help you decide […]

Negotiate With Mortgage Brokers

Tuesday, January 9th, 2007

By Louie Latour
If you are considering using a mortgage broker for your next mortgage loan, you should negotiate with mortgage brokers for the best fees, terms and mortgage rate. Mortgage brokers always have their best interest at heart when it comes to your mortgage loan, never the other way around. Here are several […]

Private Mortgage Insurance Tax Deductible

Monday, January 8th, 2007

By Dennis Estrada
The private mortgage insurance allows the borrower to acquire a mortgage in which the down payment is less than twenty percent. The borrowers pay the private mortgage out of their pocket. Now, the private mortgage insurance is tax deductible for US residents.
Actually, the mortgage insurance is either government or private. Whether the mortgage […]