Mortgage Lending-A Few Facts To Start Down The Path To Home Ownership

Posted October 1st, 2009

Albert Alexander asked: From a loan standpoint there are, in general, three types of loans, a fixed rate mortgage, an adjustable rate mortgage (ARM) or an interest-only loan. With an interest only loan, you are just paying the interest piece of your loan. In an adjustable rate mortgage, the interest rate is usually fixed for [...]

10 Steps To Successful Debt Consolidation

Posted July 16th, 2009

Gibran Selman asked: Debt consolidation means taking out one loan to pay off many other loans. The reason this is done is to secure a lower rate of interest and a fixed rate of interest. It is advisable to sign up for a debt consolidation loan when paying off credit card debts.Debt consolidation can be [...]

Garner The Mortage Rate You Want When Refinancing

Posted June 5th, 2009

Ben Franklin asked: Even if you have questionable credit, there are things you can do to ensure you get a good mortgage interest rate on a refinance. You’ll find getting a decent rate for a refinance is generally a bit easier than going for the initial mortgage. This is because, hopefully, you’ve built up equity [...]

Bad Credit Mortgage Refinance Tips

Posted June 3rd, 2009

Jeff Schuman asked: Not to long ago if you had bad credit it was hard for you to get a loan to buy a house. There were not as many options as there are today. That is not true today. Many lenders have programs for first mortgage loans and refinancing as well. Here are some [...]