Mortgage rates predictions have been plumbing new depths, as the US government bails frantically to stop the US economy from sinking under the accumulated weight of the reckless lending chickens coming home to roost. Negative real interest rates are well and truly entrenched, held in place by political rather than economic forces, but held in [...]
The Home Mortgage Disclosure Act was enacted in 1975 by Congress and then implemented by the Federal Reserve Board. Essentially, the act requires mortgage lenders to report public loan data. For answers to some frequently asked questions about the Home Mortgage Disclosure Act, keep reading.
Why do Mortgage Lenders Have to Report Loan Data?
First, the [...]
If you have debts, collections, late pays, or a bankruptcy that is affecting your credit scores and your ability to buy a home, a car, or get a personal loan at a reasonable rate, etc… If you have these issues, there are really only have 3 choices…
1. Pay Your Creditors– Much easier said than [...]
The house payment is the largest monthly expense in the budget of most homeowners. Financial advisors recommend a maximum of 33% of the households’ net income be allotted for this monthly outlay; ideally house payments are left around twenty-five percent.
Rocky financial times are experienced by most of us at some time in our lives. In [...]
The best method for mortgage marketing resembles an octopus. An octopus is awfully useful at catching food with 8 limbs. If the octopus loses one limb it may briefly lose some strengthbut it evolves on as a dangerous skilled predator.
Few mortgage consultants understand that there may be more than a hundred mortgage marketing strategies [...]
Bankruptcy can have negative effects on your credit score, your credit file and your personal financial history for up to ten years until it has been deleted from the registers. Contrary to general opinion, it is doable to get a home mortgage loan, without a sky high interest rate after you have gone bankrupt. It [...]
Residents of Texas, and particularly our local markets of Spring, Tomball, Conroe, The Woodlands and Houston, have been largely spared the pain of the national housing decline. There is good news and bad news associated with this stable housing market when it comes to refinancing your mortgage to a low rate.The stability of our housing [...]
If you are urgently searching for some quick and easy ways to save some decent amount of cash this year, then here are a few tips of simple money saving pointers that you might like to consider.
Make Your Own LunchDo you eat your lunch in the staff canteenevery day, or buy prepacked sandwiches from the [...]
Loan modification, which is also called mortgage modification, is quickly becoming one of the most popular ways to prevent foreclosure in the US. Since it is so effective in relation to the expense one should not be surprised. Communities in California have recorded over 53% of their home sales as foreclosure sales. It is clear [...]
There are several different factors that can influence how interest rates are calculated once it is time to begin the home mortgage loan approval procedure. To provide you with a rate that comparable to other companies and influenced by your personal history, all of these factors are taken into account by the bank that you [...]
