mortgage Archives - Page 2 of 5 - ResourceShark Blog

Your Mortgage Loan Borrower Rights

Part 1 www.HomeRefiNetwork.com wants you to know mortgage loan borrowers have important rights. I am constantly amazed by how many people take out a mortgage without understanding the process, the legal contract they are signing, their liabilities and their protections. Today’s post is meant to shed light on some of this, starting with what the…

Should I Refinance

It is not unusual to consider a refinance or home equity line of credit at this time of the year. This is when all those bills come due from the holidays during the last two months. What is unusual is that today’s interest rates are near their all time low and are incredibly attractive. …

Best Mortgage Loan for You May not have the Lowest Rate

Lots of sites are already listing the best mortgage loans of 2020, but the best mortgage loan program for you isn’t cut and dried. Other factors affect what is more beneficial to each borrower. Credit Score. You credit score is not static. It changes depending on purpose of the credit pull and on your recent…

Why Did my Bank Quote a Higher Interest Rate?

Why Did my Bank Quote a Higher Interest Rate than Advertised? Ever notice the small print next to the in-bank posters with loan interest rates? It is the bank’s way to cover itself when loan officers have to quote interest rates that are higher than those on the advertisement. Rates are not set in stone;…

Reverse Mortgage Fact Link

ReverseMortgageApp.com wants you know know more about reverse mortgages for better decisions about revers mortgages. A source you can trust, the ftc.gov site gives you the low down on how reverse mortgages work and when they are useful. Still have questions? visit ReverseMortgageApp.com to be connected to a mortgage professional who loves questions about all…

When Reverse Mortgage is Right for You

Just what is a reverse mortgage? Why would anyone want one? On both a regular mortgage and a reverse mortgage, a mortgage loan is offered based on the available equity in your home. The amount you are borrowing, as a percent of the home’s value is called Loan to value, and the allowable loan to…

Paying it Forward: Shared Equity Home Purchase Programs

As you consider paying it forward in the season of giving, FannieMae has created a home buying program that does just that. It is called the Shared Equity Program and it allows borrowers to purchase homes at below market prices. In exchange, those borrowers must agree to sell the property ONLY to other income-qualified (buyer’s…

How to Get the Refinance by End of 2019

HomeRefiNetwork.com The rates are low, but holidays are around the corner. Is now really a good time to refinance your home? If you can save at least one percent on your interest rate and the closing costs are reasonable, yes. That said, how you proceed is important. IF you haven’t checked your credit in the…

5 Reasons to Buy a Home in November

Motivated sellers = more price reductions. Statistics show more price reductions on home bought in November and December. If you are looking for your new home now, you can negotiate with confidence, knowing the statistics will bear you up. If someone offered a higher price, it would have already sold, unless there was a problem…