If you have decided to make your career as a mortgage advisor or agent, you may better get CeMAP training. You can get CeMAP training through some CeMAP training companies. Usually CeMAP Training Companies offer CeMAP training through training centers or through distance learning or through online training. The different types of CeMAP training options available are intensive CeMAP courses, online CeMAP courses and one-to-one CeMAP training. You...more
Mortgage professionals are constantly looking for any advantage they can get over the competition. Those with large advertising budgets may leverage those budgets to use television and radio advertising, which can give them a head start on brand recognition. However, there are much more efficient and inexpensive ways to generate mortgage leads, including the use of call capture technology. The unique benefits of this technology are that it is...more
How do you know if you’re eligible for a reverse mortgage? Well let’s start out first with what a reverse mortgage is. A reverse mortgage is a loan that allows older homeowners to access the equity in their homes. Instead of making monthly mortgage payments to reduce your debt, you eliminate your monthly payments and actually get money! Reverse mortgages are an option for people who want to turn substantial home equity into cash. Just like a traditional mortgage, a Reverse Mortgage comes with fees, terms and qualifications for eligibility. You have to be age 62 or older, have a single-family home or other approved property and own the property. You also must live in the home as your primary residence, make the reverse mortgage your first mortgage or you can pay off existing loans with proceeds from your reverse mortgage. You must also continue to qualify after the loan is made. You should check your reverse mortgage agreement for details, yet generally you have to continuously use the home as your primary residence and keep current on the taxes, insurance, maintenance, etc. After knowing that you are eligible for a Reverse Mortgage, you’ll want to know how much...more
Many people are consider refinancing their mortgage in order to take advantage of near all-time low interest rates. However, many people are still holding back to see what happens with the housing market and overall economy. Waiting too long could cost you more money and even eliminate any benefits of refinancing a mortgage if my...more
Homeowners all across the country are struggling to find a way to save money, and prevent their home from being lost. In an effort to help, the Obama administration has announced the “Making Home Affordable” plan. This program offers homeowners 2% mortgage interest rates and other benefits through new mortgage refinancing options....more
Choosing the right mortgage loan is ideal when you are actively searching for a home to buy. There are so many things to take into account before finalizing your home loan. The number one thing to do is carefully review your finances. You should do that initially simply because that is what the bank, mortgage company or lender will do right away. The lender will see what your gross earnings are versus your monthly expenses. In addition, your credit history, credit score, and job history will be examined too. Documents needed by the lender will be your pay stubs, W2 tax forms, and federal tax returns. However you shouldn't do all of this legwork unless you know there is something attractive awaiting you like a good interest rate.In today's market, fixed rate home loans are extremely enticing since they are at multi-decade lows. Your payment will be fixed for 15, 20 or 30 years. On the opposite end of the spectrum are adjustable rate mortgages. These feature a interest rate that can change with market conditions every month, 3 months, 6 months, annually, every 3 years, or every 5 years. The rate can increase or decrease but is controlled by restrictions on how much it can...more
Mortgage loan modification means to try to get a better bargain from one"s moneylender regarding the terms and conditions levied on the loan. It could be a request to write off precedent credit amounts, decreasing the rate of interest, and increase...more
Although reverse mortgage calculators are not new they have only recently gained popularity due in part the cost of retirement. Reverse mortgage calculators are available specifically for those in retirement age from 62 years up. In extremely...more
DATELINE: NORWELL and PLYMOUTH, MA… Plymouth’s 1st annual holiday window decorating contest in the downtown business district featured a $500 prize, donated by The Plymouth Growth and Development Corporation, for the business or...more
Many people want to take advantage of low interest rates and refinance a mortgage but fear they will not be able to due to bad credit. Well, for most people, that is not true. Even with bad credit, an upside down mortgage, or other...more
Mortgages are a mystery to many people. The very word strikes fear into some people. 'Dead Pledge', is what it translates into from the Old French, meaning the pledge dies when the obligation is fulfilled or when the property is taken back...more
Bank of America is now offering millions of homeowners new mortgage refinancing options thanks to President Obamas stimulus plan. This stimulus plan is enabling homeowners with all sorts of financial hardships to easily lower their...more