|
|
|
7 Reasons to Choose a Mortgage Broker over On-Line Lenders
1. Personal Advice: Breakwater Mortgage Corporation calls Hampton Roads and the surrounding communities (Norfolk, Suffolk, Chesapeake and Portsmouth) home and an on-line lender could be located anywhere. Breakwater Mortgage Corp. is located in...
Mortgage Refinance: 4 Ways To Know It's Time to Refinance Your House.
You may want to refinance your home for several reasons.
1)Mortgage Rates might be lower now. The biggest reason that people refinance their mortgages is to save money. No matter what has happened to you, there is always a good reason to start...
Mortgage Terms and Definitions
The mortgage process can be a little confusing if you aren't familiar with the terms used in the process. To help you out, here is a list of terms with corresponding mortgage definitions.
Broker: An independent mortgage professional that oversees...
Obtaining a Mortgage On-line
A mortgage for first time home buyers or people who are looking
to refinance their homes has become much easier in later years'
thanks to the internet and the ability to obtain a mortgage
on-line.
Of course there is your local bank, where...
Refinance Mortgage Rate and Mortgage Rates
Refinance mortgage rate is the best rate available to qualified homeowners for refinancing their current home mortgage. Refinance mortgage rates vary from product to product and customer to customer. A consumer with excellent credit will qualify...
|
|
| |
|
|
|
|
|
|
Mortgage Delinquencies: Fact and Fiction
Kenneth Harney, a highly respected columnist for the Washington
Post, expresses surprise in his column recently because home
buyers in high-cost parts of the country like California,
Hawaii, Boston and Washington, D.C. are not leading the nation
in mortgage delinquencies.
Mr. Harney states in near amazement that the opposite is
actually true--that home owners in the high-cost areas of the
nation have the lowest mortgage delinquency rate. The Mortgage
Bankers Association of America, which recently released its
latest survey on delinquency rates, states that Hawaii has the
lowest mortgage delinquency rate in the nation at only 0.89%,
followed by California at 1.02% and Virginia at 1.32%.
These numbers are contrasted by the states with the highest
delinquency rate: Mississippi at 8.5%, Louisiana - 6.7%
(pre-hurricane Katrina numbers), Indiana - 6.66%, Tennessee -
6.32%, Texas - 6.31% and Ohio - 6.13%. Notice that most of the
high delinquency rates occur in states with a lower than average
per capita income. Mississippi and Louisiana have some of the
lowest per capita incomes in the nation. Hawaii and California,
on the other hand, have some of the highest.
You could read more about the numbers in his column at the
Washington Post, but that newspaper requires you to sign-in and
become a member just to read its articles. An easier way is to
go to The Wichita Eagle (as in Wichita, Kansas) where Harney's
column is reprinted without the signing-in hassle.
While Harney doesn't explicitly state that he expects the high
cost areas to lead the country in mortgage delinquencies, the
tone of his column highly suggests that. Harney's recent columns
have made no secret of his belief that home owners in the U.S.
are overextending themselves because they are taking out more
interest-only mortgages and other non-traditional type of
mortgages to finance their home purchases and refinances. His
implied expectation is that folks with these types of loans will
be the new wave of foreclosures to hit the nation.
Actually, the opposite is true. Anybody with any long term
experience in
the mortgage or real estate industries will be
able to tell you that higher cost does not equal more frequent
mortgage delinquencies. Both mortgage delinquencies and
foreclosures are usually the result of loss of income.
Alcoholism, drug addiction and gambling addiction certainly are
factors, but the number one reason people cannot pay their bills
is because they are earning less money than they used to.
Every economic downturn produces a new wave of foreclosures, and
the next downturn should be no different. This next time around,
however, the pundits that predicted the crash of the so-called
"real estate bubble" will be telling anyone who will listen that
they told us so. They will equate the up tick in foreclosures
with the popping of the "real estate bubble."
They will be wrong.
Foreclosures and mortgage delinquencies follow the economic
cycle as sure as sunrise follows sunset. Folks who are laid off
their job or are the victims of downsizing are usually the ones
who experience difficulty paying the mortgage. I have helped
many clients avoid foreclosure, and the constant recurring theme
I see with the vast majority of those people is loss of income.
It's time that the media stopped trying to create the news
rather than simply to report it. All of the media hype about an
impending bursting of a "real estate bubble" is mere conjecture.
Most of those who believe that the bubble will burst believe it
because the media has harped on it so much. If you hear almost
anything long enough and often enough, you begin to believe it.
It's the underlying principle of today's advertising. For most
of the U.S., the "real estate bubble" will not burst.
It will merely hiss a bit.
Copyright 2005 Bob Roscoe
About the author:
20 years of industry experience has enabled Bob to cultivate an
eye for detail in mortgage applications and lends him an
expertise which ensures that mortgage transactions will flow
smoothly. "Stress free" is Bob's hallmark. Learn more at Mortgage
Marketing Associates
|
|
|
|
|
| E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
| E-LOAN offers home mortgage, refinance, home equity loans, lines of credit, auto and motorcycle loans, savings accounts and CDs with great rates online. |
| www.eloan.com |
|
| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
|
| Calculators - Refinance Calculator |
| 1, CURRENT MORTGAGE. My monthly payment is: $. My current interest rate is %. I have years and months left on this mortgage. ... |
| cgi.money.cnn.com |
|
| Refinance | Mortgage Loans | Home Equity Loans |
| Join over 3 million homeowners who have used GetSmart, a service of LendingTree, to find a better mortgage, refinance, home equity, or debt consolidation ... |
| www.getsmart.com |
|
| Mortgage Refinance - Debt Consolidation Loan - Mortgage Loans ... |
| iMortgage Central is a borrower's marketplace that provides the consumer a connection with mortgage lenders that match them to their individual needs. |
| www.imortgagecentral.com |
|
| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
| www.quickenloans.com |
|
| Mortgage Refinance Calculators and Mortgage Tools - Quicken Loans |
| Mortgage refinance calculators from Quicken Loans allow you to calculate your mortgage payments for a variety of refinance loans, home loans, ... |
| www.quickenloans.com |
|
| Mortgage Refinance Calculator |
| Mortgage Refinance Calculator. As those interest rates drop, it's often difficult to know when it's to your advantage to refinance your fixed-rate mortgage. ... |
| www.aba.com |
|
| Mortgage Refinance Costs |
| Mortgage Refinance Costs. When you refinance your mortgage, you usually pay off your original mortgage and sign a new loan. With a new loan, you again pay ... |
| www.mortgage101.com |
|
| Bad Credit Mortgage Refinance,Bad Credit Home Loans,California ... |
| Bad credit home loans,California mortgages,Debt Consolidation Home Loans, Refinance Home Loans, Refinance Mortgage Interest Rates,Second Mortgage solutions ... |
| www.alliancemtg.com |
|
| Directory: mortgage refinance |
| Internet Access · Online Education · Insurance Quote · Arts · Domain Name · Nutrition · Computer Hardware · Television · Home Mortgage Refinance ... |
| shurl.org |
|
| Mortgage Refinance Home Loan - Homeloancenter.com |
| Our Mortgage Refinance Home Loans allow you to get cash out with a Low mortgage Rates from the leading online lender. Bad Credit Loans are ok. |
| https: |
|
| Mortgage | Refinance | Home Equity | Home Loans | Mortgage ... |
| This era has been marked as the mortgage refinance era. ... Call Us Today For A Free Quote On Your Mortgage Refinance, Home Equity Loan, Debt Consolidation ... |
| www.lendance.com |
|
| Mortgage Refinance & Credit Card Rates |
| Mortgage Refinance · Home Purchase Loan · Home Equity Loan · Debt Consolidation · First Time Home Buyer · Refinance->Cash Out · Lower Payment ... |
| www.fetcharate.com |
|
| Home Loan Center - Home Equity Loans | Mortgage Refinance | Bad ... |
| The leading online lender for home loans, home equity loans, mortgage refinance and bad credit loans. We are approved in all 50 states. |
| www.homeloancenter.com |
|
| Mortgage Refinance Options : Cut Your Rates with a Loan Refinance |
| Get Free No-Risk, No-Obligation quotes for your Refinance from up to 4 lenders. |
| www.mortgageloanplace.com |
|
| Wells Fargo Home Mortgage - Refinancing |
| Wells Fargo Home Mortgage can help you customize a refinance that supports your unique financial goals. |
| https: |
|
| Mortgage Refinance, Health, Auto, Life Insurance Quote |
| Online marketplace to refinance and save on your mortgage. Receive up to 4 offers. Save money with GoApply.com for all of your financial needs such as ... |
| www.goapply.com |
|
| Mortgage Refinance |
| Apply for a mortgage refinance today with us! We work with the nation's largest network of recognized mortgage lenders to bring you the best deals on a ... |
| www.wilsondaily.com |
|
| What is a Mortgage Refinance |
| A mortgage refinance refers to applying for another mortgage to replace an existing mortgage on the property. There are many reasons why borrowers decide to ... |
| www.nextag.com |
|
|