mortgage

Quicken Loans' Rocket Mortgage Completes Mortgage Applications in 8 Minutes

Quicken Loans has released an 8- minute online full mortgage approval with Rocket Mortgage which gives power to both house buyers and home owners to customize the entire mortgage process beginning from application up to the closing.

Google is Now a Registered Mortgage Broker; Launches Google Compare for Finding the Best Mortgage Plan

Google has released its new feature Google Compare for Mortgages last Monday which will help potential home buyers to compare mortgage prices in the market.

Home Buying Tips: How Do I Know If I Am Ready To Buy A Home?

Home buying is a very big decision, not only does it impact your current finances, it also impacts your future budget especially if a mortgage is involved.

Mortgage Tips: How To Lower Your Monthly Mortgage When Finances Become Scarce

The monthly mortgage may be the single largest payment most families spend for. This payment shall be part of your monthly expenses for a very long time, until you have paid your loan in full. Looking at it like that, it is very apparent that the monthly mortgage may suck up a big amount of your income, which can result to an unmanageable financial situation.

Mortgage Tips: What To Do If You Miss A Payment

Everyone goes through financial struggles and this can cause people to fall behind on their mortgage payments. If you are one of the people going though this dilemma, it's important for you to know that this can create a serious problem. One single missed payment may already be difficult to cope with, and once you lose control over your bills, your credit score will suffer. This is why if you are ever put in a situation like this, it is important to handle it right away.

Mortgage Tips: What Is An Interest-Only Mortgage, And How Does It Work?

If you're about to get a home mortgage, you may have already stumbled upon the term "interest only mortgage". If you are wondering what this mortgage type is and how it works, here is a quick explanation:

Dearborn Veteran Receives a Mortgage- Free Home on Veterans Day

In celebration of Veterans Day and in cooperation of Wayne County, the National Faith Homebuyers Association and Detroit Pistons, a veteran and a mother of two received a mortgage- free home in Dearborn.

Mortgage Approval Tips: 3 Tips To Improve Credit Before Reapplying For A Mortgage

If you are one of the people having trouble getting a mortgage approval, don't feel too bad. This is an extremely normal scenario. Many people face mortgage problems brought about by credit stains that they have acquired in the past. So here are three short tips for you to be able to regain that credit credibility and get your mortgage approved.

Real Estate News: Standish Mellon Asset Management Company LLC Mortgage Team Joins Amherst Capital Management LLC

The mortgage team of Standish Mellon Asset Management Company LLC, will now be joining its subsidiary, Amherst Capital Management LLC, to combine the deep real estate expertise and industry-leading technology of Amherst with the investment processes for mortgage-related assets of Standish.

Speed Up The Mortgage Process - What Documents To Prepare

Thinking of buying a home? You probably wanna get your mortgage done as quickly as you can. Disorganized mortgage application is one of the primary reasons why home buying gets delayed. So if you already have a moving out date scheduled, it is quite crucial that your mortgage gets done in the smoothest possible way.

Borrowers with High Credit Score Dominate Mortgage Loan Industry

Borrowers with high credit scores take the wheel in steering the home purchase through mortgage industry as lenders find it easier to lend to those who have good credit profile.

Mortgage Down Payments: How Much You Need To Prepare:

If you have plans to buy a new home in the future, you are probably already in the process of saving up your extra cash for the down payment. But if you don't have a mortgage professional who gives you advice on how much down payment you need for your prospected property, you may not have any idea how much money you need to prepare yourself to lose for down payment. Different mortgages require different down payments but here are some general guidelines that will help you in calculating your down payment.

Fraudulent Cases on Mortgage Application Rose Over the Years

CoreLogic released a report showing that an estimate of 12,184 mortgage applications filed for 2015's second quarter has "fraudulent information or serious misinterpretations."

Mortgage 'Pre-qualification' And 'Pre-approval': Understanding The Difference

"Pre qualification" and "Pre approval" are two terms you're gonna encounter when you are looking to get a home mortgage. While these two terms seem self explanatory, they need to be understood better so you get a better idea with regards to mortgage financing. Here is a brief explanation of the difference between the two terms:

Mortgage Application Tips: Assessing Your ‘Debt-to-Income Ratio’

If you're about to buy a home, you might have to consider getting a loan first. Assessing your finances ahead of time will make it easier for you to be taken seriously by mortgage providers. And if you're about to get a mortgage, take note that your debt to income ratio will play a big role in getting an approved mortgage application.

Bank of England Governor Says 4% are Vulnerable to Mortgage Rate Hike

Bank of England governor Mark Carney said that four percent of United Kingdom's mortgage holder will be vulnerable to interest rate hikes. This is due to paying more than 40 percent of their home income for ervicing the debt.

Ed Sheeran Paid Off His Friend's Mortgage with His Song, 'Thinking Out Loud'

Ed Sheeran helped his childhood friend Amy Wadge to pay off her mortgage through song credits. Ed Sheeran helped his childhood friend Amy Wadge to pay off her mortgage through song credits.

Reasons Why A Reverse Mortgage Is A Perfect Idea For Retirees

If you are about to retire, you might wanna consider a reverse mortgage. Reverse mortgage is the type of mortgage that will turn your home equity into cash. Here are some reasons why a reverse mortgage is a good idea:

National Mortgage Risk Index Slowly Climbs to Concerning Level

The composite National Mortgage Risk Index (NMRI) for Agency home purchase has increased by 0.8 percent on a year-over-year basis.

Mortgage News: Freddie Mac to Buy Loans with Down Payments as Low as Three Percent

Director of the Federal Housing Finance Agency Mel Watt, has instructed his company and Freddie Mac to buy loans with down payments as low as three percent.

Dixon Real Estate News: Real Estate Seller Sentenced to Federal Prison for Mortgage Fraud Scheme

Former real estate salesman Hubert Rotteveel was sentenced to three years and four months of imprisonment for one count of mail fraud. Senior U.S. District Judge William B. Shubb passed the sentence last Tuesday.
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