Refinance mortgage loans - Bi-Weekly Payment Plans

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admin — Tue, 31 Jul 2007 01:02:05 +0000

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Refinance your ARM to Fixed Today before too late

admin — Sat, 23 Jun 2007 15:30:40 +0000

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What is Hybrid Loans/Mortgages?

admin — Sat, 11 Feb 2006 18:42:41 +0000

Over the last several years consumers have started to request alternative financing to a traditional mortgage from lending companies. The mortgage lenders response to this overwhelming demand was the creation of hybrid loans. What exactly are hybrid loans you may be asking yourself? Hybrid loans include some of the following.

Piggy back loans are hybrid loans that allow consumers the opportunity to purchase a home with a smaller down payment and possible avoid having to have private mortgage insurance. The two loans are approved simultaneously and will generally result in lower payments per month then a traditional mortgage and private mortgage insurance.

Graduated payment mortgages are another hybrid loan option. This type of hybrid loan starts off with smaller payments that gradually increase over a period of five years. This might be a great financing option for individuals who expect their income to increase over the next several years however since early payments on this type of hybrid loan are applied to interest first it could cause the principal amount for you loan to increase.

Other great alternative mortgage options include government programs such as VA and FHA loans. These types of loan help first time home buyers, lower income consumers and veterans afford to purchase homes with lower monthly payments and little to no down payments.

Hybrid loans offer an excellent alternative for home financing to those that may not have their needs met by a traditional mortgage. Because of their more liberal qualifications and as many are tailored to fit specific needs more consumers are finding they are more easily able to finance the new home they have been seeking.

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Top 10 Mistakes When Applying for a Business Loan

AllBusiness.com - Loans Articles — Fri, 10 Feb 2006 23:00:00 +0000

Whether you are applying for a business loan or a personal loan, there are common mistakes than can hinder the process. Below are 10 of the most common mistakes made when applying for a loan.

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Cash Out Refinancing Continued At Near Record Rates At Year End

Mortgage News Daily - Mortgage and Real Estate New — Fri, 10 Feb 2006 17:12:35 +0000

Americans continue to draw down on their housing nest-egg. It is keeping the economy perking, but can it last much longer?

While refinancing as a share of overall mortgage activity continues to decrease
as rates rise, Americans who do refinance continue to liberate home
equity to pay for home improvements, bill consolidation, consumer purchases
and other discretionary spending.

Freddie Mac reported on February 8 that 80 percent of its
owned loans that were refinanced during the fourth quarter of last year were
for loan amounts that were a minimum of fi… Read More Now

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An Introduction to Small Business Administration Loans

AllBusiness.com - Loans Articles — Thu, 09 Feb 2006 23:00:00 +0000

If you’re in the market for a small business loan, you’ll need to understand the services the SBA does — and does not — provide.

SBA Overview
The SBA was established in 1953 and is an independe …

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Is Evidence Mounting Against A Housing Bubble Bust

Mortgage News Daily - Mortgage and Real Estate New — Thu, 09 Feb 2006 18:48:13 +0000

If the air is leaving the housing bubble, The National Association of Realtors still sees it leaving home sales at sustainable levels.

The National Association of Realtors, in a statement released on Tuesday,
said that housing sales and prices in 2006 will remain strong but will not achieve
the record levels of 2005.

Sales of existing homes are expect to drop to 6.74 million this year, a decline
of 4.7 percent from the record high 7.07 million in 2005. New home sales will
be down 8.5 percent to 1.17 million, setting yet another 2005 record of 1.28
million. While sales will decline, it is still expecte… Read More Now

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SBA Basic Section 7(a) Loan Guaranty Program Components

AllBusiness.com - Loans Articles — Wed, 08 Feb 2006 23:00:00 +0000

This article explains the components of the Basic Section 7(a) Loan Guaranty Program, including: maturity of the loans; negotiation of terms; maximum loan amount and guaranty; fees associated with SBA …

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Mortgage Rates Hit Recent Highs But Activity Still Strong

Mortgage News Daily - Mortgage and Real Estate New — Wed, 08 Feb 2006 22:37:25 +0000

Weekly Mortgage Survey - Week Ending February 2, 2006

Mortgage rates jumped by double digits in every category according to Freddie
Mac’s Primary Weekly Mortgage Survey for the week ended February 2.

Rates were up 11 to 13 basis points, the largest across-the-board increases
since the week ended November 3 when rates were up 13 to 18 basis points.

The most recent survey showed average rates for 30-year fixed rates
mortgages increased from 6.12 percent to 6.23 percent. The 15-year
fixed rate product … Read More Now

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Prequalifying for an SBA Section 7(a) Loan

AllBusiness.com - Loans Articles — Tue, 07 Feb 2006 23:00:00 +0000

The Prequalification Loan Program uses intermediary organizations to help small businesses develop successful loan packages that will secure SBA business loans. The targets of this program are new and …

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