Posted on: 20th Oct, 2000 05:01 pm
Does Mortgage seem confusing and foreign to you? It will not be so again!
Welcome to a world where you can be a guru of mortgage and concepts will be at your fingertips. We have surveyed the market and made a detailed analysis which will help you as a new entrant in the mortgage industry. While contemplating a mortgage there must be two prime factors that haunt your mind.
Your mortgage payment : While getting yourself a mortgage the key factor that needs to be thought of is how much money you have to shell out. In order to get the most lucrative deal within your financial means you need to locate the right mortgage vendor. We help you to access the most reputed mortgage vendors in your locality and get the best deal that suits your requirements. While finalizing on the best deal also keep in mind the factors like interest rates, APR, other loan costs, points and the time period.
Your affordability factor : There should always be a healthy parity between your mortgage repayments every month and your affordability. The mortgage gurus and financial experts will chalk out the best deal for you, keeping in mind your affordability means. Careful analysis of your affordability factor will help you to emerge successful in the mortgage transaction you are undergoing.
While reading the articles in this category the following tools will be an additional help for you to understand mortgage better.
With our services you are assured of the best deals and the most lucrative packages which will transform all your worries to happiness within a reasonable period of time.
Thanks,
Jessica
Forum Administrator
Welcome to a world where you can be a guru of mortgage and concepts will be at your fingertips. We have surveyed the market and made a detailed analysis which will help you as a new entrant in the mortgage industry. While contemplating a mortgage there must be two prime factors that haunt your mind.
Your mortgage payment : While getting yourself a mortgage the key factor that needs to be thought of is how much money you have to shell out. In order to get the most lucrative deal within your financial means you need to locate the right mortgage vendor. We help you to access the most reputed mortgage vendors in your locality and get the best deal that suits your requirements. While finalizing on the best deal also keep in mind the factors like interest rates, APR, other loan costs, points and the time period.
Your affordability factor : There should always be a healthy parity between your mortgage repayments every month and your affordability. The mortgage gurus and financial experts will chalk out the best deal for you, keeping in mind your affordability means. Careful analysis of your affordability factor will help you to emerge successful in the mortgage transaction you are undergoing.
While reading the articles in this category the following tools will be an additional help for you to understand mortgage better.
- Terminology : This is a treasure trove of words and phrases related to mortgage, which will be of great help while you take your first step in the mortgage industry. And More...
Mortgage Professionals : This provides you with a list of the individuals involved at each and every step of the mortgage process. Knowledge of the roles and responsibilities of each of these individuals will help you to approach the right person while you apply for a mortgage.
With our services you are assured of the best deals and the most lucrative packages which will transform all your worries to happiness within a reasonable period of time.
Related articles:
- Articles & Resources on Mortgage Basics
- FAQ on Mortgage Basics
- Do it yourself for a better mortgage deal
Thanks,
Jessica
Forum Administrator
George,
I think you are wasting your time trying to talk sense into him. His post will have to go into the Mortgagefit hall of fame under the "Incoherent" category. I may have to delete posts that are absolutely ridiculous. Posts like that are not good for the credibility of this site.
I think you are wasting your time trying to talk sense into him. His post will have to go into the Mortgagefit hall of fame under the "Incoherent" category. I may have to delete posts that are absolutely ridiculous. Posts like that are not good for the credibility of this site.
you are completely correct in that assessment, eric. and as much as they may dislike it, the posters who are inherently incoherent need to have their posts deleted.
"im using a friend's company for the loan, but the seller told me they do not want a rural developemnt loan. wth?"
This was the original question.Now i want to ask if someone is having land and want to built a home on that which company offer the upfront 100 % amount to the person.
So many lenders do offer at different milestones of the building. I hope you got my point G M Akerley.
:arrow: :arrow:
This was the original question.Now i want to ask if someone is having land and want to built a home on that which company offer the upfront 100 % amount to the person.
So many lenders do offer at different milestones of the building. I hope you got my point G M Akerley.
:arrow: :arrow:
you won't find anyone lending 100%, i suspect. in fact, construction lending in this environment has practically disappeared from view. the company i was with until mid-2008 eliminated the entire construction lending area early last year. lenders simply feel there is too much risk to get into that type of financing nowadays. will it ever come back? sure, my guess is that it will. but that will be in the future, long after we've seen a real recovery in our housing markets and the economy in general.
i now understand much better - i guess it was your terminology that threw me, especially inasmuch as "sellers" are not going to be involved in multiple disbursements of funds.
i now understand much better - i guess it was your terminology that threw me, especially inasmuch as "sellers" are not going to be involved in multiple disbursements of funds.
it is buyer who decided which type loan he/she want.
he/she decided that what would like to mortgage?
he/she decided that what would like to mortgage?
Thats correct to a cretain extend.
Thetype of loan is decided by the buyer, if they have good financial history and they have been responsible with thier credit.
If not their fincial situation will dictate what type of loan they cna go with and the lender will guide them based on thier situation
Good luck and feel free to ask
Thetype of loan is decided by the buyer, if they have good financial history and they have been responsible with thier credit.
If not their fincial situation will dictate what type of loan they cna go with and the lender will guide them based on thier situation
Good luck and feel free to ask
yes...and of course borrowers will think that a particular type of loan is available and they may not qualify for it...all sorts of scenarios in which a lender must advise and choose the appropriate product.
my name is chinda soumetho i would like to know if i can get a loan from you cause i am a first home buyer
chinda, in order for anyone to answer your question, you will have to provide a great deal more detail. where are thinking of buying? where do you reside currently? where do you work? how much do you make? what kind of assets do you to have to use in purchasing? do you know how your credit is?
with all that, and more, we can reasonably assess your chances of obtaining a mortgage to purchase property. based on what you've given us so far, we cannot do much of anything in that regard.
with all that, and more, we can reasonably assess your chances of obtaining a mortgage to purchase property. based on what you've given us so far, we cannot do much of anything in that regard.
check this section
http://www.mortgagefit.com/lenders/dir/
http://www.mortgagefit.com/lenders/dir/
thank you very much for the information. so who's really in control? the seller of the house or the one going to buy? in the reality, can the buyer still negotiate or everything is fixed?
it's difficult to say that anyone in particular is in control, because circumstances are different everywhere. if a seller is in need of selling for any reason, that gives a buyer quite a bit more power in the negotiating. if a buyer has weaknesses in qualifying, then it's clear that a seller would have more control.
everything in the process of purchasing a home is negotiable.
everything in the process of purchasing a home is negotiable.
1. MORTGAGE IS GREAT BECAUSE YOU NEED NOT NEED TO SHELL OUT HUGE AMOUNT OF MONEY. WE CAN USE A LOT OF MORTGAGE INSTITUTION, LIKE BANKS OFFERING FIXED AND LOW INTEREST RATES.
2. WE CAN AVAIL AND HAVE YOUR CHOICE PROPERTY BY SPENDING MINIMUM AMOUNT OF FINANCES. MOSTLY THE DOWNPAPYMENT RANGES FROM 15 TO 20 PERCENT OF THE TOTAL PACKAGE AND THE REST WILL BE APPLIED FOR MORTGAGE
2. WE CAN AVAIL AND HAVE YOUR CHOICE PROPERTY BY SPENDING MINIMUM AMOUNT OF FINANCES. MOSTLY THE DOWNPAPYMENT RANGES FROM 15 TO 20 PERCENT OF THE TOTAL PACKAGE AND THE REST WILL BE APPLIED FOR MORTGAGE
again, kind of.
This is such great advice. If only people would have listened to simple advice like this before this mortgage meltdown.
As a loan officer, I turned business away because I knew people could not afford the house payment.
How could I sleep at night knowing I put people in a house they could not afford just so I could get a commission.
Jeff
As a loan officer, I turned business away because I knew people could not afford the house payment.
How could I sleep at night knowing I put people in a house they could not afford just so I could get a commission.
Jeff