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1. | Benefits of Cash Out Refinancing for Debt Consolidation
No matter how good our intentions are, with the "Gotta Have It!" society we live in, even the most diligent of us sometimes over-do on debt, especially on credit cards or other non- appreciable debt in the form of installment loans. One popular and beneficial way to wipe ...
[Added: 25 Dec 2006 Hits: 317 Words: 705]
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2. | Categories of Mortgage Refinancing
Borrowers take out mortgage loans primarily for one of two reasons- either to purchase a home or to refinance an existing property.
In refinancing an existing property, three categories of property are possible, all of which can be refinanced for cash out or rate/ term reductions.
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[Added: 25 Dec 2006 Hits: 314 Words: 398]
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3. | Lease Option To Buy Explained
When a renter signs a lease with an option to purchase a property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to ...
[Added: 10 Nov 2006 Hits: 292 Words: 497]
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4. | Should I Refinance my Mortgage
You should always weight the risk of refinancing
your mortgage . Best way to do this is to work with one of our online calculators. By putting the numbers in you will see instantly weither or not it would be worth looking into ...
[Added: 10 Nov 2006 Hits: 616 Words: 370]
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5. | Conforming vs NonConforming Mortgage
There are two general categories into which mortgages fall- conforming and non- conforming. Both are viable loan programs, depending on the borrower's needs and qualifications.
Conforming mortgages derive thier name because they "conform" to Fannie Mae (FNMA) or Freedie Mac (FHLMC) standards. Fannie Mae (FNMA) is a private, ...
[Added: 29 Oct 2006 Hits: 376 Words: 427]
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6. | Main Qualifying Factors for Refinancing
There are 3 main qualifying factors used to qualify a borrower for a mortgage loan : EQUITY, INCOME and CREDIT.
Everyone seems to be so concerned with the interest rate on their loan and ...
[Added: 27 Oct 2006 Hits: 295 Words: 866]
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7. | Preparing your Home for an Appraisal
An appraisal of your home by a licensed Appraiser will be a requirement from any lender before a mortgage loan will be approved. If you have had an appraisal done within the last 6 months, many lenders will allow that to be ...
[Added: 27 Oct 2006 Hits: 283 Words: 364]
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