Browsing Category
mortgage : Insurance
What Is the Difference Between a USDA Loan & an FHA Loan?
USDA and FHA loan programs are both federal government mortgage loans created to help borrowers with less than perfect credit scores and low down payments procure a mortgage. The United States Department of Agriculture underwrites the USDA mortgage loan program and the Federal Housing Administration
How Will the New Mortgage Rules for 2014 Affect You?
The new mortgage rules that were planned for this year were put into effect last week. They bring many changes, pretty big changes, to the mortgage scene. The aim of the new rules is to end pretty big
What is the Difference Between Hazard & Mortgage Insurances?
Hazard insurance covers property damage caused by fire, wind, storms, and in some cases, earthquakes, floods and vandalism. There are two basic types of mortgage insurance: PMI (private mortgage insurance) and MIP (mortgage insurance premium). PMI and MIP are secure ways to help borrowers qualify fo
Closing Mortgage Loopholes: No More Free Homes
A recent high-profile case of a family who got their house for free because of loopholes in mortgage laws has lawmakers scrambling to make modifications that will prevent such windfalls in the future.
Proof of Income for Mortgages
In July 2010, the Dodd-Frank Act established rules for financial reform, including mortgage lending. The Dodd-Frank Act did away with "stated income" mortgage loans and requires potential buyers to provide proof of income before receiving approval for a mortgage loan. Required documentation depends
Home Stimulus Package - Help For Hurting Homeowners
Millions of homeowners will receive assistance with their now difficult mortgage payments through the Home Stimulus Package. Through this program, the government pays approved banks and lenders a $1,0
EMC Mortgage Loan Modification
If you have taken out mortgage loan from EMC and are facing problems in repaying your loan, then this article will provide you some basic information about EMC mortgage loan modification and will walk
Should you get an Adjustable Rate or a Fixed Rate Mortgage?
When a homebuyer is considering purchasing a property, it is common for them to consider several mortgage options. For example, two common types that are often considered are fixed rate mortgages and
How to Refinance Fannie Mae and Freddie Mac Mortgage Loans
The Obama Administration's Making Home Affordable plan has been introduced to help homeowners lower their monthly payments. If your current mortgage loan is owned or guaranteed by Freddie Mac or Fannie Mae, you might be eligible for assistance under this Home Affordable Refinance Program. To learn h
Mortgage Brokers In Edinburgh
Buying Property Is A Huge Investment! Get Help Here! Real estate can be a fickle market, but with good research and solid preparation, it can be very lucrative, as well. Like most investments, the risk ...
Provincial Mortgage Regulations
Mortgage fraud leaves homeowners with large expenses and at risk of losing their homes.House image by Gon?¡ìalo Carreira from Fotolia.comMortgage fraud is a significant problem in the provinces of Canada. Independent mortgage brokers who bend the rules to their benefit are the main cause...
The Remortgages Market Is Taking Time To Recover
Recent figures and reports have shown a growth in mortgage products but remortgages are taking much longer to recover from the credit crunch.There has been a welcome increase in new borrowers but current homeowners are delaying their remortgages with an eye on the future economy.
How to Get a Good Credit Rating
Do you want perfect credit? Well, it's easy. Just pay all of your bills on time, every time. Never miss a payment. Never pay your bills late, not even by one day. If you're like most people, you have missed at least one bill payment at some point in your life. And, more than likely, you have inadver
More Info On Texas Mortgage Refinance
The most common reason that Texas homeowners refinance their homes today is to pull cash equity out of their homes and pay off unsecured credit card debt. This alone can have several benefits
Discharge Penalties for a Mortgage
Be careful of penalties if you pay off mortgages early.mortgage image by hans slegers from Fotolia.comPerhaps you have received an inheritance, hit the lottery or otherwise have come into enough money that would allow you to pay off your mortgage because it is about the largest payment...
Mortgage Application Criteria
Your mortgage application package consists of your loan application and various forms of documentation demonstrating that you are eligible for the mortgage. An underwriter will review your completed application package before approving or denying your request.
Dreams Come True With Home Mortgage Florida
Here are few benefits of home mortgage Florida stated! With this type of mortgage you can avail your home in a simple manner. Owning your own home is the ultimate moment of pride. Many people ...
Pay Day Loan Process For Credit Beginners
An important payday loan fact for credit newbies is that payday loans are just tiny loans that typically don't go over $ 1000 and needs to be paid on the borrower’s next pay day. Furthermore, you can't expect payday loans to completely finance a property renovation plan and you can&r
What Negative Implications Does Inflation Have?
Some look at inflation as a natural process and, in ways, it is beneficial to a normally growing economy. However, there are a lot of downsides to inflation, as well. Being aware of them helps the average person prepare for inflation as it grows.
Commercial Loan Broker: A Needful Medium For Commercial Advances
It is actually troubling, to some extent, to get advances from a commercial bank, as it involves much of documentation and operational formalities. Besides, without any professional assistance, it becomes risky to select a lender ...