Loans Archive

Many people can find it hard to keep track of a large number of debts from different sources. With perhaps multiple credit card debts, car loans, unsecured loans or student loans, debt consolidation is a …

Approximately one in three mortgage applications are rejected by lenders leaving potential home owners out in the cold. There are a number of different very common reasons for mortgage rejection but essentially they share one …

Foreclosure Prevention with a Do It Yourself Loan Modification If you are facing a potential foreclosure, it is best not to bury your head in the sand and pretend that the possibility of losing your …

Fast private student loans are also known as “alternative” student loans. They are issued by private institutions to students enrolled in any college or higher learning program. Typically available in 24-48 hours, these loans are …

When you need an immediate cash loan for an emergency, without going to a traditional lender and waiting for a decision, then a cash advance pay day loan could well be your choice.  As long …

One of the crucial factors which determine if a mortgage is approved is having good credit. Lenders have tightened their criteria after the irresponsible lending of several years ago. However, those who have taken the …

As a real estate professional, I have a few insights regarding refinancing anytime in the coming year of 2007. Current thirty-year fixed-rate mortgages are still in the range of 6.2 to 6.4, and are expected …

For most people the largest monthly bill they need to pay is their mortgage payment. There are several ways to reduce mortgage costs which will reduce the total amount which you repay to the lender …

Home loans come in many sizes, shapes and forms. There are home loans sponsored by various homeowner development programs, second mortgages, home equity loans, 30 year mortgages 30 year with 15 year balloon payment home …

There is considerable debate over the merits of an adjustable rate (AR) loan compared to a fixed-rate loan when it comes to saving money on them. This is because each type of loan can be …

When the housing bubble burst and house values fell, many were left paying mortgages which exceeded the value of their homes. Inevitably mortgage defaults and foreclosure rates rose. The financial consequence to those who default …

Private student loans are the last recourse the student utilizes when other forms of borrowing, grants and scholarships still leave a shortfall between the expense of college and available money. Funding college is almost prohibitively …

Mortgage underwriting guidelines have dramatically tighten up since the collapse of the mortgage and real estate boom days. For example many sub-prime mortgage companies would utilized state income to inflate a mortgage applicants income qualifications. …

Nine years ago I was a college freshman student who thought that having been approved for student loans was the coolest thing ever. Today, I struggle to even pay a monthly $100 interest bill toward …

The Negative Side Of SubPrime Loans: Actually, It’s All Pretty Negative Why Is The SubPrime Market Still So Active? With all the awareness being circulated throughout many communities, media, and the Internet, you would think …

SHOULD YOU REFINANCE YOUR MORTGAGE According to MSNBC, mortgage lending rates hit their lowest point since March of 2004 last week. For many people, now is the time to start shopping around to refinance your …

The danger of loans is in fact a slightly misleading term and should strictly speaking always be referred to as the dangers of loans. There are many dangers of loans, particularly for the ill-informed and/or …

Financing a home doesn’t need to be an arduous and daunting task. You must know and understand what financing options are available to you. First, identify the agency that will help you with your home …

The primary risk of an adjustable rate mortgage, or ARM for short, is the specter of rising interest rates. The way ARMs work is that as interest rates change, the rate you are paying on …

The Federal Housing Administration’s 203(k) Rehabilitation loan plan offers prospective homebuyers additional incentive to take advantage of the opportunities available in today’s distressed housing market. If you are interested in purchasing a home property with …

The Home Affordability Modification Program (HAMP)  is now offering mortgage relief for the unemployed.  It is a short term plan meant to give the borrower time to find a job or chose other options. The …

In recent years, the new Free Application for Federal Student Aid (FAFSA) replaced the paper version of the FAFSA, and it eliminated the time-consuming way of applying for federal financial aid. Completing the new on-line …

Summary Most mortgage applicants would prefer to have the lowest interest rate possible when they close their loan and this is only natural.  In the past the best way to get the lowest rate was …

Foreclosure is a fancy way of saying “home repossession”. Foreclosures result after a borrower has missed not one, but multiple, mortgage payments, resulting in the bank taking ownership of the home as collateral. The foreclosure …

Today approximately 25.5 million veterans and military personnel are eligible to take advantage of a VA Loan. A VA Loan can be used to build, repair or improve a home. Saving money is just one …

No Closing Cost Mortgages- Are They Really No Cost? I’m sure you’ve heard the sayings: “If it seems too good to be true, it probably is”, and “Nothing in life is free”.  So, how can …

Home equity is the difference of the market value in a property and the mortgage balance. In order to obtain a home equity loan or line of credit, a lender wants to know that a …

When it comes to purchasing a home or refinancing a mortgage, borrowers can be spoilt for choice by the large number of competing lending companies. Mortgages are available from traditional banks, mortgage companies, brokers, the …

When a borrower takes on a mortgage they sign a promissory note to repay the amount the lender advances. The mortgage is a deed of trust on the property, but after a foreclosure or short …

The purpose behind a pay day loan is emergency use for a one off financial crisis. Those who wish to borrow must be on a regular monthly income either through employment or social security. They …