Truth in Equity Bursts on the Mortgage Acceleration Scene!

Posted on January 14th, 2012

Mortgage AcceleratorsTruth In Equity is trying to usher in a whole new way of thinking about the typical debt. They are trying to change the average American's idea of they will always be a slave to their mortgage. By doing this they are offering to find you the best mortgage acceleration loan for your situation.Mortgage Accelerators have been on the market in the U.S. since 2001. That was when the Macquarie Loan was first offered. The Macqaurie loan actually stems from Australia. ...Continue Reading...

Tags: Acceleration, Bursts, Equity, mortgage, Scene, Valances, Window
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How to Read a Truth-In-Lending Statement

Posted on December 26th, 2011

One of the most important documents you will sign when obtaining a mortgage loan is the Federal Truth-In-Lending disclosure. This document shows you the effects of your closing costs and interest rate throughout the full term of your loan. Reading this document correctly will help you discern whether or not you are getting the right loan.Annual Percentage RateOne important number featured on this document is your annual percentage rate (APR). This number will be higher than your actual note rate, but noting ...Continue Reading...

Tags: Statement, treatment, TruthInLending
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Cross Collateralization

Posted on December 24th, 2011

Collateral, also called security, consists of assets offered by a borrower in order to obtain a loan. In the event of failure to repay the debt, the collateral is confiscated in lieu of the outstanding amount. Any item of economic value, especially which could be liquidated or converted to cash can be pledged as collateral.When collateral for one loan serves as collateral for other loans as well, it is called cross collaterization. The most common example being the case when a person ...Continue Reading...

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HARP – A New Segment of Obama’s Loan Modification to Help Provide Mortgage Relief to Homeowners

Posted on December 15th, 2011

During 2009, the bailouts for mortgages continued on with the new house refinancing plan that was created to assist floundering homeowners who have not been qualified for the traditional method of refinancing their loans due to the rapid reduction in property values. The current housing problem did away with the equity that millions of homeowners once had. The HARP, or Home Affordable Refinance Program brought around a new type of government refinancing methods that has become available to a broader section of ...Continue Reading...

Tags: homeowners, modification, mortgage, Obamas, Provide, Relief, Segment
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Explain Refinancing a Home Like I’m a Five Year Old

Posted on December 14th, 2011

In this article I will explain refinancing a home. At this time, refinancing is a popular topic. Even though interest rates may not be at their lowest point, many people are considering refinancing. The whole process can be confusing and you shouldn't be embarrassed by needing someone to explain refinancing a home.Many times when you are trying to get into your first home you take whatever finance options you can get. Many people have extenuating financial circumstances and they can't get a ...Continue Reading...

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Three Reasons to Consider Refinancing Home Mortgages

Posted on December 13th, 2011

There are many reasons why people consider refinancing home mortgages, ranging from wanting to withdraw their cash in equity to reducing their interest rate to paying off credit card balances to lowering their payments. Some reasons are wise while others are not. Everyone has to review their own situation and decide what is best. But here are three good reasons when it would be "wise."To Get A Better Fixed Interest RateWhen people are ready to buy a house, they have to accept ...Continue Reading...

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Wells Fargo Home Mortgage Refinancing and Modification

Posted on December 10th, 2011

Wells Fargo is following President Obama's recently announced "Making Home Affordable" plan. This plan will allow homeowners a chance to refinance or get a home loan modification into a fixed, 4% interest rate. This plan is easy to take advantage for homeowners with a mortgage with Wells Fargo. Here is what you need to know:This "Making Home Affordable" plan will give cash incentives to mortgage lenders and banks who can approved homeowners who are "at risk" of losing their homes, or facing ...Continue Reading...

Tags: modification, mortgage, refinancing
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How Mortgage Refinancing Can Save Me Money

Posted on December 8th, 2011

In this economy, people are always looking for ways to save money. Many think that they might be able to save with mortgage refinancing, but they are not sure. Actually, in some circumstances, a homeowner could stand to save significant amounts of money if they refinance their mortgage at the right time.The most fundamental reason that people save money when they refinance their mortgage is that they usually get a lower interest rate. Typically, when someone refinances their mortgage, they can expect ...Continue Reading...

Tags: mortgage, refinancing
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Can I Still Refinance My Mortgage?

Posted on December 5th, 2011

"Can I still refinance my mortgage?" is one of the most common questions asked by homeowners in the wake of the credit crisis that began in 2007. It began with defaults on home mortgages and soon inflicted all manner of carnage on the world's financial markets. The number of delinquent mortgages held by beleaguered Freddie Mac jumped 241%, from .46% to 1.1% from August 2007 to August 2008.Bank failures, consolidations, and mergers hit record highs, as even huge banks such as Washington ...Continue Reading...

Tags: mortgage, Refinance
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The Washington Refinance Mortgage Can Replace Your Existing Loan

Posted on November 30th, 2011

Taking a mortgage is possibly the easiest way you can think of, if all you are looking for is a house to buy. You do understand that it is not easy to buy the property that you so desire with the resources that you have. So you go in for a mortgage, little realizing that you might land up in a financial soup in a very short time. It is to get you out of messes such as these, ...Continue Reading...

Tags: existing, mortgage, Refinance, Replace, Washington
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