The basic requirement for the reverse equity mortgage is that a home owner, must be age 62 or over, own a home and to live there permanently, which normally means at least six months per year. It is natural, that there is equity left in the home, because that is the source of the money.The main benefit of the reverse equity mortgage loan is, that a senior can get cash money from the equity of his home. When he thinks about his needs, he can...more
Automated passive income is a real key to financial freedom and the creation of unlimited wealth. Anyone can succeed financially when they learn and understand how to develop streams of perpetual income. The reason why most people are not more independent financially is because no one every taught them about the importance of it and how to create it. Those who are fortunate enough to learn about it are equipped with the tools they need to achieve...more
Passive income is a subject that most people do not know a lot about, which is why they are usually broke and far from achieving financial freedom. Passive income is the key to unlocking all of your financial goals, and it all begins by creating strong streams of income. Who better to learn from than successful internet entrepreneurs who have successfully earned passive income online, lots of it. Nobody, thats who. Here are some tips from some of the most successful internet money makers. A Great Website is a Money Making MachineOut of all of the passive income sources I have used, none have been as exciting, simple, inexpensive, and profitable as my income generating websites. Having a website website is a great tool for earning money around the clock on autopilot. The internet is the newest playground for wealth builders, and it makes it possible for anyone to have a website and earn money. Begin now and learn how to create professional looking websites and learn how to get traffic to them. Master the art of search engine marketing and optimization. Practice writing great website copy. And put time into your site as it will soon be a very valuable asset. Master Leverage to Make...more
The story of the collapse of the housing market is familiar to every American. How too many people took out subprime mortgages that they could not afford, and when home prices fell and adjustable interest rates rose millions of homeowners were forced into foreclosure. Today, many prospective homebuyers, especially those with poor credit, have heard...more
There are many financial service providers in Brisbane, Australia who offer short term, caveat, bridging, 1st and 2nd mortgage finance. These service providers arrange finance for a wide range of applications viz:- Business working capital- Purchase of plants and machineries- Repair or renovation of premises- Purchase property- Mortgage loans - New...more
There is no doubt about it that the mortgage market is hopping right now. Between first time buyers hoping to take advantage of the low interest rates and high availability of desirable homes to existing borrowers looking to refinance, lending institutions are writing record numbers of loans every day. Many of these loans will be originated from a mortgage broker. A mortgage broker is an individual that helps a prospective borrower find the best match in a lender for their needs. Unlike a bank loan officer, who can only influence applications to their bank, a mortgage broker is able to "play the field" and shop around at many different lending institutions for the best rates and terms for each borrower.Although some leads will come in to a mortgage broker on their own, for the most part, in order to stay busy and competitive, a mortgage broker will need to purchase leads from a loan lead generation service. Mortgage leads come in many basic styles. There are those that are just refinances, those that are vintage, those that are first time home buyers and those that are for older "vintage" loans. Regardless of the style of borrower, the mortgage leads themselves are one of two...more
Certificate in Mortgage Advice and Practice (CeMAP) is the widely recognized qualification for those wishing to pursue a career in the mortgage industry. Today, several states have made CeMAP qualification mandatory for people wanting to practice...more
Mortgage rates jumped up again this week with the 30 year rate moving from 5.05 to 5.14. In the last month mortgage rates have risen rapidly moving from 4.71 on December 3rd to 5.14 today. The other major mortgage products have risen over the same...more
Optimists keep claiming that things in the real estate world are looking up, but reality keeps reminding us that things are not all sunshine and roses just yet. Even with the current government incentive program for encouraging home buyers into...more
Getting refinance second mortgage can be beneficial to some homeowners and may not be for others. It depends upon certain factors like How mush money does the person owe to the house? How much the house is worth? For how long the person plans to stay...more
Making Home Affordable is part of President Obama's comprehensive strategy to get the housing market back on track. Through the Making Home Affordable Program, up to 9 million American families may be eligible to refinance or modify their loans...more
Most of the property owners wish to sell their properties outright if they are getting good prices for them, but for those who can afford to delay it a little longer, the benefits are enormous. According to a survey of mortgage experts, in this...more