When choosing a good mortgage lender, whether you choose a mortgage broker or a mortgage banker, you’ll want someone who can do the job right. Finding a lender who will take the time to make sure you understand the different loan programs being offered, and will help you decide which loan best meets your needs is key to having a smooth closing. Check out the articles, columns, blog posts, radio shows and videos for more information about mortgage lenders.
Second Mortgage Lender May Cause Short Sale To Fail
When you're selling a home and you have two mortgages, you have to work with both mortgage lenders. Your mortgage lenders are among the parties who negotiate a short sale. If one of the lenders who negotiates the short sale does not agree, the short sale may not occur. Second lien holders such as PMI companies or HELOC lenders want to recoup some of their money and may scuttle a short sale if they're not included.
Mortgage Applicants Choose Less Risky Loans
Perhaps homeowners are taking the advice of the mortgage industry and refinancing into more affordable loans. A light at the end of the tunnel if you ...
Quit Claim Deed And Mortgage Scam
When you sign over your property to someone else using a quit claim deed, you're only transferring ownership - you're still responsible for the mortgage. Even if the person who you're naming on the quit claim deed promises to make payments on your mortgage, there's a risk he or she won't. And since your name is still on the mortgage, you're still ultimately responsible for making payments. Read more about how quit claiming your home to a stranger who promises to make mortgage payments may be a scam.
‘Extreme Makeover’ Home Foreclosure
Homeowners in Atlanta's Lake City area may soon lose their home to foreclosure. They were among the first to get their home remodeled on the TV show ...
Keep In Touch With Lenders During Loss Mitigation
As a homeowner, if you find yourself in loss mitigation, it's important to be in constant contact with your lender during loss mitigation. You'll be in the strongest position if you call your lender before you've been late on a payment. The loss mitigation process may be able to help you save your home.
What Does Your Credit Score Really Mean?
Personal finance magazines and TV shows often tell you to raise your credit score and that you need a good credit score to get a mortgage loan with a ...
Quit Claim Deed And Mortgage Assumption
Managing real estate from out of state can be difficult. You may be able to get a family member to agree to take over mortgage payments on a property that you own but your name remains on the mortgage loan unless that loan gets refinanced. A quit claim deed transfers property ownership rights but does not change who's responsible for the mortgage. You should first try to work out a situation like this with family members and if it doesn't work out you may have to hire an attorney.
Choosing The Right Mortgage Loan
Learn about mortgage basics including two common types of mortgage loans and what it takes to qualify. Your credit score will have an impact on what kind of mortgage loan you can get. Being informed about your credit score and your options will help you get the right mortgage for you.
How Many Foreclosures?
www.thinkglink.com/uploaded_images/Foreclosure-sign-766973.jpg "The damage has been as bad as anyone imagined so far," writes Demos senior fellow Jam...