Wednesday, July 14, 2010

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

Home Prices decline 18.1%; Mortgage Applications Down; Special Message

Posted: 14 Jul 2010 07:10 AM PDT

Federal agents hunt for guns, one house at a time www.chron.com US mortgage applications fall to 7-month low finance.yahoo.com Iran’s president says enemies’ ’soft overthrow’ failed www.latimes.com Gloomy US consumers clip housing recovery hopes finance.yahoo.com Home prices post 18.1 percent annual drop in April finance.yahoo.com More Americans See Democratic Party as Too Liberal www.gallup.com Democrat Franken wins protracted Minn. Senate race news.yahoo.com

This Year’s Mortgage Rate Predictions

Posted: 14 Jul 2010 05:03 AM PDT

We all want to know what the mortgage interest rate will look like in the near future. Particularly in the shifting times we’ve witnessed lately. Based on recent events, we can not make predictions that are 100% dependable, but we can make a pretty educated guess.

Countrywide, lenders are busily promoting extremely low interest rates. What most ads don’t say is that the low interest rate is only applicable for individuals that have credit scores of 700 or above. Besides the high credit requirement, you will frequently need to make a big down payment to qualify for a below 5 percent interest. Only a few people have spotless credit scores, so the extremely low interest rates are not for everyone.

If you’ve been watching mortgage interest rates, you are aware of the fact that they have been coming down the last few months. What we all want to know is when the market will hit the lowest point. Buying now may be a losing proposition, because interest rates may descend even further. But if the interest rates bounce up tomorrow, you’ve missed your opportunity by trying to time the market.

Mortgage applications are pouring in the past few months. Because of the sudden jump in applications, lenders can’t keep up. Although the mortgage interest rates will go down even further, because of the large number of new mortgages, we will likely see a bounce in the mortgage interest rates.

This bounce is not a negative thing. What you want to do is hold off on your decision and buy when interest rates are sinking again. The mortgage market will reach it’s lowest point in that period of time and you can benefit from it. A fixed rate mortgage may be a great thought when you buy a new home. You will know you have made the right decision when interest rates are rising again.

Loan or Bailout: Detroit Strikes Back – Garage419

Posted: 14 Jul 2010 05:00 AM PDT

Garage419’s first round table debate. Wes Siler, Mike Spinelli and Leo Parente join Matt Farah to discuss the state of General Motors and Chrysler after their recent viability plans were submitted to congress. – Garage419

Consolidate Loan Student

Posted: 13 Jul 2010 09:57 PM PDT

When you have multiple loans that require separate management you can choose to consolidate student loans and simplify thing. Nobody likes loans, but they are a necessary evil in our society, and as long as we have the means to pay for them, they are okay. Read the following arguments for and against loan consolidation and decide for yourself.

To consolidate a loan you actually take the simultaneous payments and interest rates and combine them into a single loan that has a new fixed rate. There are good bits and bad bits for such a course of action and it all depends on the personal conditions and circumstances. Among the main benefits we can count:

-the possibility to manage a single account with one financial institution only,

-the use of a fixed rate that does not change in time,

-the chance to lower the monthly payment by the loan extension.

Yet, there are also reasons to believe that it is not the best of solutions to consolidate student loans. For instance, a fixed rate is good when the rates, but a drop in interest rates has happened before. Then, consolidation may lead to your paying a higher amount of money than you’d pay with each loan taken separately.

Sometimes just some of the loans get consolidated while the others remain in the same format. Plus, when you try to consolidate student loans, do not ignore the importance of the tax deduction that applies for the interest rates. Moreover, the private loan consolidation offer is less advantageous as compared to the consolidation of federal loans.

Some online tools allow for the calculation of the consolidation rates, and you can receive very good estimates of how much you would have to pay. A lower consolidation rate becomes possible if you consolidate student loans immediately after graduation when the lenders do not force you into repayment. Even when you have a few more months before you begin repayment, why not benefit from a lower interest rate?

You can thus consolidate private student loans while still in school. Even so, avoid consolidating federal loans into private loans because you will lose very considerable privileges. In federal programs you can even qualify for loan forgiveness or apply for forbearance if it is the case. And finally, federal loan consolidation does not require any fee payment.

Insurance?

Posted: 13 Jul 2010 05:07 PM PDT

I have to make up an insurnace company for me webdesign class and build a website about it. gahhh i don’t even know what insurance is. how boring! I have to have 3 info pages. one on an introduction, one on basic info on the company, and an order form. how should I do this? what kind of insurance should I do? the name for my company is going to be delightfully insured-stupid I know. but I don’t wanna do this! does anyone have any good ideas/websites I can look at for ideas? please help. thanks :]

Understanding Mortgage Products .

Posted: 13 Jul 2010 01:07 PM PDT

Irrespective of whether you might be buying your first home or are relocating from your present one, buying a house is one of life’s most important financial and personal investments and when applying for a mortgage you can very easily be bewildered by all the different options lenders give you.

Basically a mortgage is a loan you get, from a lender, to purchase a new home. Repayment of this loan is paid for once a month for the period of the loan, with interest, and if you don’t manage to meet the monthly repayments then the lender has got the right to foreclose and sell your house to settle the monies that you owe.

For that reason choosing the right mortgage is crucial. To begin with you should use a mortgage calculator to see how much you can manage to pay. These are easily available on the internet and give you a good idea of how much, your monthly repayments will be.

There are a number of mortgages available and your preference of mortgage will depend on what you prefer. Here are just a number of of the mortgage choices available to you.

New borrowers are more than likely to be offered a ‘Fixed Rate’ mortgage as are borrowers who are likely to re-mortgage. Fixed for a term of 2, three or 5 years this sort of mortgage is popular as the borrower knows precisely how much the monthly repayments will be for a fixed time period. The only downfall with this sort of mortgage is that if the interest rates do fall dramatically then they will be unable to take advantage of these as they are on a fixed rate.

Another well-known option is the ‘Tracker Rate’ mortgage. The ‘Tracker Mortgage’ tracks the banks base rate for a set time, from two to ten years. The interest rate will be set to a fixed percentage above the banks base rate for a given period of time.

A ‘Discounted Rate’ mortgage provides a discount off the lenders standard variable rate mortgage for a set time, such as two years. The borrower will pay close to one percent less than the standard lenders rate so will benefit in any interest rate cuts.

These are just a few of the options available to you and it is vital that you understand fully all the conditions to the mortgage. It’s standard with all mortgages that early repayment charges will apply as will part repayment charges. This also applies of you come to a decision to switch lenders or indeed switch to another product by the same lender.

For more information and resources on what mortgage products there are to offer visit our main site today mortgage products and debt collection – Thanks

Posted by Blogku at 7:23 AM

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