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Obtaining a Mortgage Via the FHA Back to Work Program
The recent economic downturn caused serious financial problems to the majority of the population and many people lost their homes. Individuals and families, who experienced financial hardship and were left without a home, now have the opportunity to obtain a mortgage via the FHA Back to Work Program and buy another house.
4/9/2014 9:05:56 AM
How to Select the Right Mortgage Amount
The primary decision that you have to make when you take out a mortgage is how much you will borrow. The choice of a loan amount is extremely important. On one hand, you have to ensure that you will be able to purchase a property which meets your requirements fully.
4/9/2014 9:01:46 AM
A Short Guide to the VA Mortgages
In 2013, the mortgage program of the US Department of Veteran Affairs (VA) marked its 70th anniversary. It was one of the strongest years for VA loans since their introduction in the market. Some 630,000 new loans were guaranteed by the Department in 2013.
4/9/2014 9:01:35 AM
When Is an Adjustable-Rate Mortgage a Beneficial Solution?
Before the housing market crisis of 2007, many people took advantage of the cheap adjustable-rate mortgages and eventually faced too high monthly installments, which they could not afford to pay. Currently, as the home loan rates are rising, these financing products are making a comeback. Their market share grew nearly 3 times from the winter of 20...
4/9/2014 8:46:22 AM
The Benefits and Drawbacks of FHA Loans
During the years after the housing market crisis of 2007, the FHA loans enjoyed great popularity among home buyers. Now as the economy is improving while the interest rates remain low, they are facing growing competition.
4/9/2014 8:46:15 AM
Practical Mortgage Tips for First-Time Home Buyers
It is both exciting and a bit scary to buy your first house. This is an extremely important step so you would want to lower the risk of costly mistakes to the very possible minimum. For this, you have to be fully prepared for what lies ahead.
4/9/2014 8:46:02 AM
Major Mortgage Trends to Watch Out for in 2014
Information is the most powerful tool which a decision maker can use. When you know what is expected to happen with mortgages and housing affordability, you can make the right decisions on home purchase and home ownership with confidence.
4/9/2014 8:41:47 AM
Is a Jumbo Mortgage Right for You?
Home buyers can select from a great variety of mortgage loans. The jumbo loans allow you to borrow more money for buying a luxury home. Traditionally, they have been reserved for the very wealthy only, but now they are becoming more accessible to the average home buyer.
4/9/2014 8:41:12 AM
Is Spring 2014 a Good Time for Getting a Mortgage and Buying a Home?
With the annual peak period for home sales being between March and June, many people are contemplating on getting a mortgage and purchasing a house in the spring of 2014. The economy has recovered considerably from the recent downturn and this is certainly good news.
4/9/2014 8:40:07 AM
Is Mortgage Prepayment a Good Idea?
There are various strategies which you can use for managing your mortgage. Many people choose to repay their home loan early. This option can save you a lot of money, but this is just one side of the coin.
4/9/2014 8:38:24 AM
Can You Be the Ideal Mortgage Applicant?
Lenders are currently increasing the value of their mortgage offerings and lowering their requirements. However, home loans will never again be as easy to get as they used to be before the housing bubble burst of 2007. The question is whether you have what it takes not only to qualify for a loan, but to get a great deal with lower interest rate and...
4/9/2014 8:36:32 AM
How to Fix Your Credit Score Before Applying for a Mortgage
When you have a low credit score, your chances of qualifying for a mortgage are lower as well. Even if you manage to get approved, you can expect to be offered a loan with higher interest.
4/9/2014 8:36:23 AM
A Mortgage Strategy for Maximum Saving
Do you want to repay your mortgage super quickly and to save a lot of money? If your answer is "yes", then you need to use the following strategy.
4/9/2014 8:35:57 AM
6 Powerful Tips for Mortgage Refinancing
Despite the common misconception, mortgage refinancing requires time, effort and careful analysis. You have to ensure that you will get the best possible deal, especially in terms of affordability.
4/9/2014 8:35:38 AM
5 Ways to Get a Cheap Mortgage
With the current average rate on 30-year fixed mortgages being 4.40%, home loans are now extremely affordable. Still, there is always a way in which you can get an even lower interest rate and better terms and conditions.
4/9/2014 8:32:10 AM
How the Down Payment Affects Your Mortgage
When you take out a mortgage to buy a house, you are expected to contribute to the purchase of the property with money out of your pocket. Basically, you have to make a down payment.
4/9/2014 8:30:51 AM
How Risky Is a Hybrid Adjustable Rate Mortgage?
As the economy stabilizes and lenders are becoming more flexible, the popularity of the hybrid adjustable rate mortgage (hybrid ARM) is increasing once again. It offers home buyers the opportunity to purchase a home affordably and to save on interest, at least initially.
4/9/2014 8:29:30 AM
5 Mistakes Which Lower Your Chances of Mortgage Approval
Buying a house is perhaps the biggest purchase that you will ever make in your life. That is why you simply cannot afford to make mistakes when it comes to getting house financing.
4/9/2014 8:26:53 AM
Choosing Between 30-Year and 15-Year Fixed-Rate Mortgages
The popularity of fixed-rate mortgages has grown immensely after the recent housing market crisis, during which many people lost their homes. They are much more secure than their adjustable rate counterparts and this makes them a top choice for most borrowers.
4/9/2014 8:24:05 AM
5 Factors to Consider Before Mortgage Refinancing
It is a common misconception that homeowners should go for refinancing straight away if the mortgage rates fall. There are many different aspects to this type of deal. On one hand, you have to figure out how much money you will actually save.
4/9/2014 8:20:51 AM
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