Martgage

First time buyers mortgage

Introduction: Property is an investment, and if purchased in a planned way is beneficial otherwise it may be dangerous if a high amount is borrowed. Most of the financial authorities prefer the first time buyer and offers various incentives. You should contact to an estate agent and discuss about your financial health, repayment options, and selection of mortgage and redemption […]

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Martgage

Pros & Cons of Mortgage Loans

In present market scenario, private mortgage loan is the best alternative for high returns. Besides giving you the required safety, a private mortgage will also ensure that you get the best returns on your investments. The post 9/11-terror attack on the United States has made the investors skeptical of investing their hard earned money in the stock market. Thus it […]

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Martgage

FHA HAMP Loan modification

The Federal Housing Authority or FHA does have modification options available.  However, these are not easy modifications to qualify for. The FHA HAMP modification eligibility requirements: How do I know if my loan is a Fannie Mae or Freddie Mac owned? You can visit www.makinghomeaffordable.gov webpage and click on loan look up. 1). 1-4 unit primary home (FHA insured) 2). […]

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Martgage

What Are FHA Commercial Loans?

FHA Commercial Loans are government guaranteed or sponsored loans that are offered by financial lenders and guaranteed by the FHA or Federal Housing Authority. FHA commercial loans are available for buyers with limited cash or credit problems. Borrowers are required to qualify for the loan and must go through an application process and subsequent approval. Along with other pertinent information, […]

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Martgage

What Affects Mortgage Rate?

I speak to clients about mortgage rates, and many assume the long term interest rates are directly affected when the Fed drops in interest rates. In fact, mortgage rates actually increased slightly immediately after the last two rate cuts. So, what does affect mortgage rates? The Fed sets the federal funds rate, and this is the rate that banks charge […]

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