Monthly Archives: September 2009
Mortgage Reduction Secret Weapon - Your Down Payment (Part 3 of 3)
Posted September 30, 2009 – 5:34 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceAre you planning to buy a home? Do you want to save the most money possible over the life of your home loan? This article will help the savvy consumer save tens of thousands of dollars in interest payments over the life of his loan and own his home years sooner without having to make extra payments.
No Comments | Tags:3 Reasons Why You Can’t Qualify For a Home Loan
Posted September 30, 2009 – 2:25 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceMortgage rates are back down at record lows, and mortgage loan applications are nearing record highs. However, what we’re not seeing is an increase in home loan approvals. In fact, getting approved for a home loan is becoming tougher and tougher as time goes by. translated into an increase in the number of loans being funded. If your mortgage hunt has been unsuccessful, here are 3 reasons why you may have been turned down for a home loan.
No Comments | Tags:Stop Foreclosure Or Bankruptcy This Way
Posted September 30, 2009 – 11:25 am in: ForeclosureWhen it comes to foreclosure, some people are not sure whether they must allow that to take place, or just file for bankruptcy. If you go into the decision thinking that you must choose one or the other, then the decision is going to be even more difficult than it already would be - [...]
Comments Off | Tags: ForeclosureLoan Modification Question and Answers
Posted September 30, 2009 – 9:55 am in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceHow would you like to know some loan modification questions and answers? Learning more on the modification process, qualifications, etc. Getting educated on loan modification will help.
No Comments | Tags:Stated Income Mortgage - How to Get Approval
Posted September 29, 2009 – 3:54 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceIn the past couple of years, mortgages have been increasingly difficult to get approval for. This is because of the great sub-prime mortgage disaster that nearly took down the American economy. Luckily we are on the verge of economic recovery, which means that the flow of money is beginning to loosen up. Stated income mortgages are one type of loan that has suffered as a result of the mortgage crisis.
No Comments | Tags:Stated Income Loans - Advice on How to Get Approval
Posted September 29, 2009 – 3:54 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceWhen it comes time to purchasing a home, there is variety of different ways to get mortgage loans. The traditional way to get a mortgage is through full documentation mortgage loans. These loans require that you provide the lender with detailed income statements, assets statements, and also information regarding all of you creditors.
No Comments | Tags:Stated Income Mortgage Loans - What You Need to Know
Posted September 29, 2009 – 3:54 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceDuring the past few years, there have been many changes to the lending industry. You used to be able to just walk into at lending office and get approval for a bad credit mortgage loan. Those days have long past us. No longer can you get a mortgage loan if you credit rating is poor.
No Comments | Tags:Stated Income Mortgage Loans - What You Should Know
Posted September 29, 2009 – 3:54 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceTraditional loans usually require you to produce a list of creditors, two or three pay stubs, W-2s, tax returns, bank statements and any other legal documentation that could be related to the loan. These are called full documentation loans because they require a lot of information in order to get the loan approved. Given the recent recession these full doc loans are the most common loans that are offered by lenders.
No Comments | Tags:Stated Income Mortgages - Tips For Getting Approved
Posted September 29, 2009 – 3:53 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceBefore the mortgage crisis you used to be able to walk into a bank with a bad credit rating a get a loan approved during the same visit. Millions of home foreclosures later, that is no longer possible. Lenders have drastically increased the lending requirements when it comes to getting mortgages approved.
No Comments | Tags:Home Loan Help in 2008
Posted September 29, 2009 – 2:01 pm in: Foreclosure, Mortgage rates, Mortgage recovery, rating agencies, refinanceWhen it comes to home loans, the times sure have changed. A couple of years ago banks just simply wanted nothing to do with the idea of modifying a loan. Why should they have been interested? They were simply making too much money taking advantage of sky-rocketing home prices and plunging interest rates.
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