Selling Your Business Note

Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in monthly payments?Most people would take a lump sum because even though it might be less than the total prize, they would have control over... Read More

Are Biweekly Mortgages Really Worthwhile?

You may have heard people, especially mortgage lenders, extolling the virtues of biweekly payments, saying that you can save thousands of dollars and take 5-7 years off your mortgage--and then offering to set up a biweekly plan for you for as little as $400. But you don't have to spend... Read More

Bankers Dont Want You to Know That You Pay for Your No Cost Home Loan Forever

With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers. One of the oldest programs remains steadfast in both... Read More

How Good a Deal Is Your Banks Mortgage Insurance Plan?

When you go to the bank to get a mortgage, you'll inevitably be asked to take out mortgage insurance. The idea behind mortgage insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and... Read More

Total Cost Of Credit vs Monthly Payments

I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages. A company was announcing the availability of 40 year mortgages for its customers. The stated purpose was to lower the... Read More

A New Choice for Home Financing: Correspondent Lenders

When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.Your first instinct may be to go with your local bank, who you know from doing business with them... Read More

Housing Bill - Changes in the Right To Buy Scheme

Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change. As of the 18th January 2005, the new Housing Bill becomes law and the current 2 years will change to a period of 5 years. This means, that once... Read More

Understanding a UK Commercial Mortgage

In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.When you... Read More

Understanding UK Bridging Finance

Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged. The word "bridge"... Read More

Free Home Equity Loan Information

Home equity loan information can sometimes be confusing and misleading. I have written this article to properly explain home equity loans. Basically equity is the difference between your home's appraised -- or fair market value and the outstanding mortgage balance you owe on your home. Borrowing against the equity built... Read More

In The News:


ABC News

US housing bill clears test, foreclosure halt asked
Reuters South Africa, South Africa - 15 hours ago
... from the government, if they need it, and a $300 billion fund would be established to help thousands of distressed mortgage borrowers refinance. ...
Video: House Bails Out Lenders CBS
Housing rescue bill heads to Bush for signature WJRT
Senate passes housing bill AXcess News
The Chattanoogan - Wall Street Journalall 5,214 news articles

How housing rescue bill can help you
CNNMoney.com - 8 hours ago
To do that, they'll pay a "3% exit fee" of the mortgage principal to the FHA when they resell or refinance. Plus, they'll agree to pay the FHA 100% of any ...
Minnesotans are encouraged by bill Minneapolis Star Tribune
all 12 news articles

Orange County Business Journal

Mortgage Brokers, Lenders Focus on FHA Loans, Refinancing
Orange County Business Journal, CA - 19 hours ago
Downey set up a “borrower retention program” to help potentially troubled mortgage holders refinance when their rates reset to higher levels. ...

US Senate Passes Housing Bill
TransWorldNews (press release), GA - 7 hours ago
With the law in effect homeowners who are now struggling to meet mortgage payments would be able to refinance their loans to avoid foreclosure. ...
Bill heads to Bush for signature WZTV
Ensign votes against housing bill that passes Senate Las Vegas Sun
Housing rescue sails through test vote in Senate KCAU
Milwaukee Journal Sentinel - The Canadian Pressall 643 news articles

HispanicBusiness.com

What It Takes to Get a Mortgage Now
WFMJ, OH - Jul 25, 2008
If you plan to buy a house or you want to refinance your mortgage, here's what you need to know before you visit a lender. How do I get the best rate? ...
The Last Straw for Suffering Homeowners Motley Fool
Woes Afflicting Mortgage Giants Raise Loan Rates New York Times
News roundup: Deal on housing package; mortgage rates increase USA Today
Wall Street Journal - MortgageNewsDaily.comall 225 news articles

Dollars & Sense

How the New Housing Legislation Affects You
U.S. News & World Report, DC - Jul 25, 2008
... would allow homeowners who can't make their mortgage payments to refinance into more affordable, fixed-rate loans insured by the federal government. ...
How to Stop the Foreclosures? Dollars & Sense
Housing bill offers limited foreclosure relief MSNBC
all 136 news articles

The Truth About the Mortgage Market
Eastside Business Journal, Washington - 17 hours ago
This means that, for any Americans looking to buy, sell, or refinance a home, they are confronting a very different market from the one that existed just ...

RTT News

US homeowners cut back refinancing
Financial Times, UK - Jul 23, 2008
Last week. the MBA's refinancing index fell 5.6 per cent, while the 30-year fixed mortgage rate jumped 37 basis points to 6.59 per cent. ...
Mortgage applications decline 6.2 percent BusinessWeek
US Mortgage Applications Index Fell 6.2% Last Week (Update1) Bloomberg
Mortgage Application Demand Drops as Loan Rates Jump FOXBusiness
RTT News - Providence Business Newsall 16 news articles

Refinances Reaping Less Money
TheStreet.com - Jul 24, 2008
For instance, if you have a $100000 balance on a mortgage, you might refinance for a $125000 loan and use the $25000 in cash for other purposes. ...

Barney Frank, Maxine Waters Urge Voluntary Halt to Foreclosures
RTO Online, MO - Jul 25, 2008
In exchange for an FHA guarantee on the mortgage, borrowers must share any profit from the resale of a refinanced home with the government. ...
mortgage refinance - Google News
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