Posts tagged: Mortgage Loan

Sub-Prime Mortgage Loans Who Qualifies For A Sub-Prime Loan?

Sub-Prime Mortgage Loans Who Qualifies For A Sub-Prime Loan?
Sub-prime mortgage loans are designed for those who dont qualify for A rated loans, typically those with a FICO score of less than 650. They also cater to those desiring unconventional terms, like a jumbo loan. As with any lender, to find the best financing, you [...]

Saturday July 24th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Stated Income Second Mortgages: Understanding No Income Verification Loans

What is a stated income second mortgage? A stated income second mortgage is one that does not require the borrower to prove income stated on the application. This is most advantageous to self employed and contract workers who receive a 1099 instead of a W-2 as they would have a difficult time proving their income. [...]

Saturday June 19th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Shop Around for the Best Mortgage Interest Rate

If you are currently on the market for a new home, or you are looking to refinance your current mortgage, one of the most important things to you when shopping around for a home loan will be the mortgage interest rate.
Of course you will want your mortgage interest rate to be as low as possible, [...]

Saturday May 29th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Reverse Mortgages A Tax Free Income For Senior Citizens

Reverse Mortgages A Tax Free Income For Senior Citizens
I fully realize if it sounds too good to be true, it probably is and There Aint No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you [...]

Saturday May 1st, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

On My Taxes, Is There A Limit To The Amount

On My Taxes, Is There A Limit To The Amount Of Mortgage Interest That I Can Deduct?
Each year, there is a limit as to the amount that an individual can deduct from their taxes in response to the amount of mortgage interest that the individual has paid over the course of the year. In the [...]

Saturday March 6th, 2010 in , , , , , , , , , , , , , , , , , , , | No Comments »