SELLER CONTRIBUTIONSA "seller contribution" is one of the best-kept secrets in the home-buying process. Thats when the seller of a home puts up some of the money needed toward the buyers closing costs. It can mean the difference between a sale of a home and no sale. Seller contributions can be negotiated at the time of a home purchase by having the seller pay closing costs rather than or in addition to a reduction of the home sales price. A...more
You own your own home and somehow you are able to make ends meet. The car payments, the credit cards, the store credit, and especially the mortgage -you juggle the bills and try to stay ahead. But despite your best efforts you have missed some payments and you know that you have a bad credit rating. Still, you wonder about your home mortgage. Are you paying too high an interest rate? Could you refinance and save money? But most of all, can you...more
With the number of foreclosures on a step rise many how owners want to know about the various options available that can help them to save their homes. One of the most potent and effective solutions to prevent foreclosure is home loan modification.Mortgage modification involves a permanent change in the loan terms of the borrower. This can include a reduction in the interest rate, waving off penalties or increasing the loan duration or a combination of such steps that will reduce the monthly mortgage payment making it more affordable and manageable.You can talk to your mortgage program officer, to an attorney or to a company that offers to negotiate for a home loan modification with the lending institution on your behalf. To qualify for mortgage modification you need to have a valid and legitimate reason which has caused a drastic reduction in your income. Such reasons can include divorce, work related injury, chronic illness, unemployment, death in the family etc.If you are wondering why would a bank be interested in offering a home loan modification; the answer is very simple they have to spend quite a bit on foreclosure procedures and given the sub prime crisis and the plunging...more
If you are in the market for a new home, or perhaps looking to refinance, you will need to know a thing or two about what to look for in a mortgage. You have a lot of options when you select a mortgage, and there are many mortgage lenders to choose from.Deciding what type of loan you would like is the first step for you. There are many types of...more
CENT Swabhiman Plus, a life-long reverse mortgage annuity launched by Central Bank of India and Star Union Daiichi Life Insurance. This product is specially designed for the senior citizens. This product will provide them with a monthly or quarterly or half yearly or annual income as mutually agreed by then borrower and the bank against his/her...more
Apartments in Noida become much demanding in the real estate sector. Noida is a green planned city in Uttar Pradesh that having connectivity with three major cities. Apartments are situated at the prime location of the state where every family member can fulfill their daily needs. Apartments are near to all shopping complexes, hospitals, local markets, Banks, education institutions, medical shops, restaurants, etc.Every Apartment society includes varieties of amenitiesLiving in apartments can make for family happier because an apartment includes various benefits.1. Swimming Pools for children and adults2. Car Parking area3. Walking and running area4. Multi-purpose Lawn5. Security system with safety6. Modern appealing exterior and interior design7. Eco-Friendly environment8. Meditation and fitness center9. Great entrance green lush and Fountains10. 24x7 electricity backup and clean water supply11. High- performance Elevators12. IGL Pipeline13. Playing Ground14. Cleanness SurroundingsWhy EliteGolfGreens?Elite Golf Greens is a luxury residential project in Sector=79, Noida. Elite Golf Greens is situated in an eco-friendly environment where every family can live without any stress. It...more
Getting a mortgage was never an easy thing to do, but in today"s economic climate, the mere thought of a mortgage can make your hair, and your finances, stand on end. And the rules change depending on where you live. Living in Canada, there are...more
Mortgage Payment Protection Insurance in the UK UK mortgage payment protection insurance has been on the receiving end of some negative publicity recently due to some consumers having been mis-sold this cover. However, despite this, if you buy...more
The United States Housing and Urban Department gave a New Year gift to the new homeowners in the form of new federal rule, which requires use of a redesigned and more simplified Good Faith Estimate Form commonly known as GFE. The GFE is...more
Author: Hector MillaWhen it comes to having your home in foreclosure, it really does not matter what got you there in the first place as long as your financial situation is back in order. If the problem with making your payments was due to a large...more
Reverse mortgages have been around for a while and the Department of Housing and Urban Development (HUD) under the Federal Housing Administration (FHA) was one of the first to offer them.Before diving into the deep end of a reverse mortgage, you need...more
Author: Justin GreyThere are a number of mortgage refinance lenders in Canada at present. You can decide from private lenders or up-market financial institutions. You will find that a number of such lenders will have the backing of some bank....more