Tuesday, May 17, 2011

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

Reviewing Secured Loans

Posted: 17 May 2011 01:35 AM PDT

Many people may have experienced a situation wherein they have to borrow money . Sometimes it can be very difficult because of the huge interests that companies put to our loans or the never-ending requirements before we get our loans approved.  There are many kinds of loans that are available for you . They may come as car loans or business loans or medical loans and so on and so forth. Aside from these loans,  you may decide to get a secured loan. This system requires you to use certain properties like your house or your car as collateral of the money you borrowed.

Like all the many other things in the world, secured loans have its advantages and disadvantages. Circumstances that uses money might force us to get a loan. Like when we repair our homes or our child gets sick.  We can use our properties to get a loan.Perhaps that is also one disadvantage of a secured loan; a certain debtor may need to have a property or some asset to be used a security to be able to get a loan. Other than that, secured loans interest rates are of much value than that of a mortage.  

Further, additional expenses may occur for the valuation fees and arrangement fees. This indicates that expenses are a lot bigger.And also, you will be in debt for a longer period of time.   Allocation of your resources or income may become more difficult when that loan payment is added.  

But we can look at it in another point of view.  Secured loans also have its positive side.  One is that you get to have a lot of time to pay for it .  Next, you get to borrow a much bigger amount of money . And finally, compared to mortgages wherein you may be given restrictions as to where you’ll use your money, secured loans allow use to use the money you borrowed to whatever purposes provided that it is legal.

It is very important to know the bad side and good side of everything. As for secured loans, try to consider your capability to pay it back and if you really need to borrow that amount of money. Remember that you are using your property as collateral so given the chance that you might not be able to pay your debt; the lending companies are allowed to take possession or own that property.

 

 

 

Loan Mods not working?? I may have the answer!

Posted: 16 May 2011 02:23 PM PDT

It’s strange how you have the Goverment allowing lenders to “modify” borrowers loans into payments that they can afford in an effort to boost the industry all the while to prevent foreclosures/short sales from occuring. Yet, less than 10% of all Loan Modifications actually get approved. WHY IS THAT? You won’t believe the sweetheart deal that the Indymac boys were given by the FDIC. It may make you very angry to realize the truth. Share this video with everyone that you know. Let everyone know where the REAL problems lie.

Mortgage market and interest rate commentary for Tuesday March 15, 2011

Posted: 16 May 2011 10:11 AM PDT

Mortgage market and interest rate commentary from Bruce Brown, CMPS with Pulaski Banks 1st Kansas City Home Lending and radio host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.

Posted by Blogku at 7:13 AM

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