A newly released study by Freddie Mac, the mortgage giant and the Roper Organization; professional pollsters, showed that 61% of delinquent homeowners did not know about workout options offered by lenders designed to help them save their home.
"Many times, people take out a new, larger loan to pay off credit cards, automobiles or even to purchase another home," says Norm Bour, host of the nationally syndicated U.S. radio program The Real Estate & Finance Show, and an experienced mortgag
Consolidating your debt can help you lower your monthly bills and
interest rates. While refinancing and home equity loans can both help you
pay off accounts, they have their own benefits. The best choice depends
on your current mortgage term
A mortgage is a long-term loan on a specific piece of property. Typical payments are made over periods of 15, 20, or 30 years. Banks, savings and loan associates, credit unions, and mortgage companies are the typical forms of home financing.
Youre getting older and you can see all the equity sitting in your home, but you need money now! What are your alternatives? Well, you could sell your home and buy something smaller and spend the difference or you could consider taking out a re
Second mortgages are important real estate tools that have been used for many years. A particular type of second mortgage is called a commercial second mortgage. These are used in combination with a first loan and as a main difference a second com
Many people use mortgages to apply for loans. This is useful since the credited loan is over a long period of time with a usually stable interest (except the line of credit loans). Many people that already have a mortgaged home and want to buy ano
Homebuyers have several loan options. Hence, purchasing a new home has
never been easier. Individuals who cannot afford a down payment or
closing costs may take advantage of loan programs that offer assistance.
Furthermore, those hoping to o
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