home-equity-line-of-credit.net Blog (Page 1)

  1. Mortgage refinance help?

    March 10, 2010, 6:07 am
    Hi All, I am trying to help my mom out but I'm not sure where to go and what to ask. Her mortgage is on a 5-1 ARM and she is currently on her ARM which will expire again in December of 09 (6 months). She refied at 5.25% 5 years ago (with Wells Fargo) but it went up to 6.5 with the ARM. She currently owes 122k with an estimated value at 215k. She has always paid her mortgage, never late and has excellent credit. However the challenge is that she was recently laid off and is receiving unemployment. I checked into the HASP (home affordable refinance program) a bit and it doesn't look like she can qualify for the refinance but potentially the modification? but again I am not sure if that will help as she is on an ARM. Oh and I have verified the loan is not guaranteed by Freddie Mac or Fannie Mae. P.S. This is a manufactured home placed on a foundation with land if that makes a difference Any advise would be greatly appreciated Thanks Gordon

  3. 3 Major Aspects Not To Be Overlooked By Mortgage Holders

    March 9, 2010, 2:02 am
    Getting a mortgage can be a cumbersome process and in a way a puzzling endeavor. It involves a lot of paperwork to sign, text to review and procedures to comply with. You would think you were applying for a coveted slot in an elite institution without the intensive paperwork requirements. This is the reality of obtaining a mortgage which home owners must hurdle. The important consideration though is that a mortgage holder must understand the intricacies involved. Understanding the following 3...(read more)

  4. Coventry in merger talks with Stroud and Swindon

    March 7, 2010, 11:09 pm
    Discussions began several weeks ago but are still at an early stage and no deal is yet on the table. Linda ... 3.4m in 2008, as the low interest rate environment eroded its margins, it incurred a £1.8m provision against mortgage bad debts and had to ...

  6. Home Equity

    March 6, 2010, 8:13 pm
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  7. Mortgages: How the cash-poor are stranded in a maze

    March 5, 2010, 6:08 pm
    Homebuyers who can't cobble together a sizeable deposit will find lenders imposing a high interest rate. Patrick Collinson reports Here's the good news: it's easier to get a 90% mortgage today than at any time since the credit crunch began. And here's the bad news: interest rates (from 4.49%) on 90% loans are steep, and if it's a 95% loan you want, the rate can spiral to 7%, equal to 14 times ...

  8. Will the big federal interest rate cut today lower mortgage interest rates?

    March 4, 2010, 5:06 pm

  9. Home Equity

    March 3, 2010, 4:07 pm
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  10. Council blog: Open season for outdoor seating at Marco restaurants

    March 2, 2010, 3:01 pm
    It's the last City Council meeting for member Ted Forcht and Chairman Rob Popoff, who were thanked by the public through words of appreciation from resident Bill McMullan and applause by a packed audience.

  11. Home Equity

    February 8, 2010, 4:13 pm
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  12. Do more advanced sperm banks use deposit/withdrawal slips?

    February 7, 2010, 12:59 pm
    And do they offer a little sperm shaped account book to keep track of transactions? Boredom strikes hard tonight!