Mortgage and Loan Advice
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Mortgage and Loan Advice
Read articles on finding your lowest mortgage rate and mortgage loan advice.
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What Do New FHA Rules Mean for You?

What Do New FHA Rules Mean for You? | Mortgage and Loan Advice | Scoop.it
For the past few years, many Americans have been turning to government-backed mortgages to purchase a home, but some new changes may reduce the..
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The Top 5 Ways to Get a Stress-Free Mortgage

The Top 5 Ways to Get a Stress-Free Mortgage | Mortgage and Loan Advice | Scoop.it
A very small inventory and low interest rates are defining this year’s housing market. The market is finally headed toward recovery, but if..
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How Do You Lock-in Your Mortgage Rate?

How Do You Lock-in Your Mortgage Rate? | Mortgage and Loan Advice | Scoop.it
When you buy a home, the mortgage rate your lender gives you can mean the difference in spending thousands of extra dollars. Although small..
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Yes, You Can Get a Mortgage Without Closing Costs!

Yes, You Can Get a Mortgage Without Closing Costs! | Mortgage and Loan Advice | Scoop.it
Closing costs are a pretty large chunk of change that is usually required upfront whenever you buy a new home or refinance your old mortgage. In..
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Freddie Mac and Fannie Mae Profits – What a Difference a Few Years Make!

Freddie Mac and Fannie Mae Profits – What a Difference a Few Years Make! | Mortgage and Loan Advice | Scoop.it
The government-controlled mortgage giant Freddie Mac and its sibling organization Fannie Mae are making huge profits – just a few short..
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Just last week, leaders at Freddie Mac reported that they paid a dividend of $7 billion to the U.S. Treasury from their first-quarter earnings and requested no additional federal aid.

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What Is an FHA 203k Loan?

What Is an FHA 203k Loan? | Mortgage and Loan Advice | Scoop.it
An FHA 203k loan is offered by the federal government to help people buy and repair homes that need rehabilitation. Understand the eligibility requirements and other factors involved.

Via Steph OToole
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Steph OToole's curator insight, May 20, 2013 1:27 PM

" The down payment requirement is low, and eligibility criteria are loose. Homeowners whose homes need improvement can also refinance with these loans. A vast range of repairs, including room additions, bathroom remodeling, roofing, flooring and air conditioning systems can be funded with these loans."

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The Top 3 Ways to Avoid Mortgage Scams

The Top 3 Ways to Avoid Mortgage Scams | Mortgage and Loan Advice | Scoop.it
Thanks to the housing market crash, many people had to walk away from their home and their mortgage, damaging their credit report. Others simply..
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Companies are taking advantage of people who aren’t qualified for traditional mortgages and offering them their “mortgages”. Mail boxes are being blanketed with these mortgage opportunities, so you have to be careful. Specifically, follow these 3 tips:
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How Do You Find the Perfect Mortgage?

How Do You Find the Perfect Mortgage? | Mortgage and Loan Advice | Scoop.it
Finding the perfect mortgage is almost as important – and almost as difficult – as finding the perfect home! After all, a mortgage..
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Even Appraisers Are Confident in Nation’s Housing Market

Even Appraisers Are Confident in Nation’s Housing Market | Mortgage and Loan Advice | Scoop.it
Sometimes, the most frustrating part of the entire home buying and selling process is the appraisal!

If the appraiser estimates that the..
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Will Mortgage Rates Rise as Fed Scales Back QE3 Later in 2013?

Will Mortgage Rates Rise as Fed Scales Back QE3 Later in 2013? | Mortgage and Loan Advice | Scoop.it
An official with the Federal Reserve Bank of San Francisco recently stated that the Fed could wind down its QE3 program later this year. The move could send mortgage rates upward.

Via Gene Mundt, Mortgage Originator, Best Electric Scooters
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Crowdfunding comes to Real Estate Investing

Crowdfunding comes to Real Estate Investing | Mortgage and Loan Advice | Scoop.it

Crowdfunding is rapidly changing the real-estate investment market, offering developers new ways to finance projects, small investors a way in, and the socially conscious an avenue to support their local communities.


Via Michael Stuart, Patrick Glaros
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Michael Stuart's curator insight, April 20, 2013 3:14 AM

A list of the real-estate crowdfunding firms


1. Fundrise –The company lets people invest in their local communities, earning profits while becoming socially involved.


2. Realty Mogul– Launched last month, this firm already has funded two deals (worth about $200,000) while raising $500,000 in seed money.


3. RealtyShares– This platform went on beta launch in November; it claims 289 investors intending to invest $1.5 million. As little as $500 can buy shares in commercial real estate, apartment buildings, and homes.


4. Fquare– The firm  lets you invest in pre-vetted farmland for as little as $5,000. Farmers sell their land for 3-6% annual interest on 5- to 20-year leasebacks; once the lease expires investors sell the land and share the profits.


5. Collaperty – The first real-estate crowdfunding network is still little more than social. It lists real-estate opportunities and connects investors . It currently has 79 members collaborating on 14 real-estate deals, and is raising $22,487,456 in equity.


6. Prodigy Network–  Prodigy has produced $8 billion in sales since its 2003 launch.


7. Primarq– The NASDAQ of residential real-estate equity has developed a platform where investors help consumers buy homes, and home-owners can monetize the value of their homes. It also offers a secondary market where investors can sell their shares without having to sell the actual properties.


8. Globerex– Still in beta, Globerex is focused exclusively on commercial real-estate deals of $500,000 to $50 million. Users can create and track deals involving their own investors or those in the Globerex community.


9. CrowdMason– Also, in beta testing, CrowdMason is very basic, letting members identify and monitor commercial real-estate deals, in which sponsors will be required to make significant investments of their own equity.


10. iFunding–This firm chooses real-estate projects for you and shares the profits. For a $1,000 minimum, members can buy into any piece of the site’s portfolio of multi-family, hospitality, office, and residential properties.

Bill Hamberg's curator insight, January 23, 2015 8:29 AM

Disappointed I didn't think of this... 

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How Do You Deal with Mortgage Stress?

How Do You Deal with Mortgage Stress? | Mortgage and Loan Advice | Scoop.it

Mortgages can be a huge financial strain, which is why so many people suffer from mortgage stress. Even if you’re not underwater on your mortgage..

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Mortgage stress isn’t just a result of the recent recession but even in times of economic boom one can suffer mortgage stress.Find out how to deal with it..

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FHFA extends HARP to 2015 | HousingWire

FHFA extends HARP to 2015 | HousingWire | Mortgage and Loan Advice | Scoop.it
"More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk," said Ed DeMarco, acting director of the FHFA.

Via Gene Mundt, Mortgage Originator
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Where Does YOUR Mortgage Rate Come From?

Where Does YOUR Mortgage Rate Come From? | Mortgage and Loan Advice | Scoop.it
We always talk about the average interest rate for a home loan, and how it can rise or drop in the blink of an eye. Recently, it has been going..
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How Can You Avoid Closing Day Stress?

How Can You Avoid Closing Day Stress? | Mortgage and Loan Advice | Scoop.it
Closing day should be a fun and happy time, but last-minute blunders can cause major stress on an otherwise-joyous occasion. You may think that..
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Steph OToole's curator insight, June 21, 2013 4:28 PM

A good mortgage lender also helps

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Why Are Low Mortgage Rates So Important?

Why Are Low Mortgage Rates So Important? | Mortgage and Loan Advice | Scoop.it
Low mortgage rates are one of the driving forces behind the success of the housing market.But why?



First and..
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Is It Time to End Quantitative Easing?

Is It Time to End Quantitative Easing? | Mortgage and Loan Advice | Scoop.it
Desperate times call for desperate measures, but once conditions improve, should you reevaluate the situation?

That's the question..
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Gene Mundt - Mortgage Application Checklist

Gene Mundt - Mortgage Application Checklist | Mortgage and Loan Advice | Scoop.it

Information Typically Required when Applying for Mortgage Financing ...

Gather these things and you'll be prepared to make application when buying or refinancing a home ...


Via Gene Mundt, Mortgage Originator
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Is a Hybrid Mortgage Right for You?

Is a Hybrid Mortgage Right for You? | Mortgage and Loan Advice | Scoop.it
Hybrid mortgages are an interesting alternative, especially when interest rates are high. But even though mortgage rates are hovering near record..
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Fannie, Freddie profits could sap will in Congress to reform mortgage giants - The Hill's On The Money

Fannie, Freddie profits could sap will in Congress to reform mortgage giants - The Hill's On The Money | Mortgage and Loan Advice | Scoop.it
News that Fannie Mae and Freddie Mac are making money could cause Congress to lose interest in a housing overhual. Growing profits for the mortgage giants Fannie Mae and Freddie Mac could cause Congress to lose interest in overhauling the agencies.

Via Gene Mundt, Mortgage Originator
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The Ins and Outs of VA Loans

The Ins and Outs of VA Loans | Mortgage and Loan Advice | Scoop.it
If you are Active or Retired Military and considering purchasing a home, one type of financing you should look into is the Veterans Affairs loans..
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Lending Standards: Are They Actually Loosening?

Lending Standards: Are They Actually Loosening? | Mortgage and Loan Advice | Scoop.it
In a recent story on MSN Money titled, Mortgage Borrowing Is Getting Easier, it was revealed that: “Credit is not raining down on would-be borrowers, but it will be a bit more accessible this year.” The article bases it findings...

Via Gene Mundt, Mortgage Originator
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Obama Housing Plans Create Controversy

Obama Housing Plans Create Controversy | Mortgage and Loan Advice | Scoop.it
The Obama administration is worried that too many would-be home buyers are being left behind in the housing market's recovery, so they are..
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Should “Green” Homeowners Get Lower Mortgage Rates?

Should “Green” Homeowners Get Lower Mortgage Rates? | Mortgage and Loan Advice | Scoop.it
When lenders decide on a mortgage rate, there are many factors they take into consideration – all with the intention of figuring out the..
Best Electric Scooters's insight:

A recent study found that homeowners with “green” homes – or homes that have energy-saving appliances – are over 30% less likely to default on their mortgage than those living in a standard home without the energy-saving appliances.


So, should "Green" home owners get lower mortgage rates? Share your thoughts... 

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TransUnion - TransUnion Reveals a Third of Americans Have Not Checked Their Credit in a Year... or Ever


Via Steph OToole
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