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What the “Making Home Affordable” Program Means to You

March 4, 2009 the Obama administration rolled out the latest foreclosure preventing program called “Making Home Affordable” or the “Home Affordable Modification Program”. Currently, the governmental department heads affected by the plan and the lending industry are working out all the details in how it is to be implemented to homeowners. Based on the information […]

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A Loan Profile Before a Mortgage Loan and Why

Why a Loan Profile?
Having a background in the mortgage industry I will tell you for the most part borrowers are sold a loan product that has the most commission built into it for the broker, lender, etc. Little thought goes into what is right for the borrower at the time of the loan or any […]

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What is a Homeowner Loan?

If you feel that you need a little extra money at present for almost any reason, and you are a homeowner,
the best way will be to take out a homeowner loan.
Normally if a loan is called a homeowner loan and only homeowners are eligible to apply, it will be a loan which requires collateral, namely […]

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Obtain a Home Equity Loan Or Credit Line

You’ve probably seen the ads for home-equity loans. They normally show a tanned and fit couple frolicking on the beach during their dream vacation or an all-American-looking family smiling in front of their gorgeous new van. Sometimes they show a blushing bride to be wearing an engagement ring with a diamond the size of a […]

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Home Equity Loan Sources

A key to finding the right loan is to consider all available sources. The emergence of home equity programs has enlarged the field of lenders. Likely lenders are among the following:
Banks.
Commercial banks are attracted to home equity lines as a way to sell other bank services, such as savings accounts and credit cards. Banks have […]

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