The economy is getting worse day by day and there is more bad news with more jobs cut off. Every time you turn on the television you will hear same news everywhere making unbearable for anyone to watch news fearing what will happen next. Major disadvantage appear for people who lost their jobs, got lose their incomes and then cannot afford to pay off their mortgages in months they find themselves in arrears. In fact, even today American's housing...more
If you are a millionaire, are you by default wealthy? Ahmm, not necessarily so. A millionaire by definition is someone whose net worth (asset value minus debt) exceeds a millionaire dollars/euros etc. However, if a person did have 1 million in assets but theses assets were not generating income then that person by my definition is rich but not wealthy. Why Making Money Wont Make You RichYou can make a lot of money and still be broke. I know many...more
Wealth Building: Accelerate Your Prosperity Get Out Of Debt And Brace For The Coming Crashby Michael D. Hume, M.S.In the northern hemisphere, Winter will officially release its icy grip on us this weekend. Hooray! While winter-like weather doesn't always obey official pronouncements, it can be a little mentally rejuvenating to look at the calendar and know that Spring has finally arrived.What's the darkest cloud hanging over your head? If you're like most people, it's your financial profile. High debt, a high (and growing) tax burden, and lower earnings can combine to create a worrisome headache for anyone. Sure, the arrival of Spring brings most of us a little uplift in attitude... but to truly revitalize your mindset, start by attacking those dark storm clouds in your personal finances.It's hard to get effective financial help these days. Why? Because advisors (and financial advice products) are, in the overwhelming majority, rooted in a dying paradigm. The old way of thinking - work hard, put away a little of your salary, stay in "safe" products like mutual funds of stocks, and slowly build wealth - worked great for more than six decades. However, thanks to the...more
Homeowners who are facing the threat of foreclosure know that it is akin to living a nightmare. It can best be described as a slow and agonizing torture where you have to spend months speculating about the fate of your home. The process is so arduous that it can throw logical reasoning into a quandary and you may simply start looking for a life...more
Mortgage Assignment And Subject To Existing Financng Investing Method Called A Crime In Economy! Banks are crying foul about Mortgage Assignment/Subject to Financing! The more banks, Realtors, and mortgage brokers that I speak to about "Mortgage Assignment/Subject to Existing Financing" transactions are now referring to them as a...more
Mortgage processing outsourcing is a concept that has come to revolutionize the way businesses run their mortgage processing applications. It has been realized that traditional ways don't work any more. They are expensive and cumbersome if only to be more candid in this post. Every business looks to saving as a strategy of enlarging its financial base. If you were to go the traditional way as opposed to Mortgage processing outsourcing for instance; you would perhaps hire an in-house mortgage processor. With stringent labor requirements and of course moral reasons, this employee is on a regular salary, whether there was any mortgage venture in the month or not. The same employee will be entitled to a paid vacation, maternity leave, overtime payments and other official offs as required by law. Many employers have found themselves in this trap for years. Often time, you will be stuck with an employee you don't really need; business-wise just because of fear of reprisals and possible punishment by state authorities and possible suits and counter suits.Eliminate the Cost of TrainingThe cost of training an in-house mortgage processor is often an overlooked aspect of the traditional...more
Today most of the family wants to be live green planned city and also want to be connected with the major cities. In Elite Golf Greens, Noida becomes the most demanding place where every family wants to live a stress-free life. An apartment in Elite...more
The query that the general public ask is for ways which will help in making them rich.They frequently dream about becoming the following Donald Trump, the following Robert Kiyosaki or maybe the subsequent Warren Buffet. In spite of our dreams, the...more
The home equity conversion mortgage, HECM, is a mortgage loan, with which a home owner can convert a part of the home equity into cash money. There is no monthly back payments, but the capital, interests and other costs will be paid back, when the...more
Unless you are a well-experienced, well-trained professional in the lending universe, soliciting the services of a good mortgage broker is essential when seeking a loan suitable to your needs. Key Attributes of a Good Mortgage BrokerThe first and...more
So, you finally got your mortgage approved and the lender says to you, how about some insurance? Since the lender was so wonderful with your loan, you listen carefully and decide right there and then to take a so called mortgage disability insurance...more
Lending process is full of intricacies and legal hassles that happen to consume great deal of time, while not being productive at the same time. New guidelines keep popping up all the time, which are pretty difficult to keep a track of. Hence it is a...more