FCA: Farmer Mac Rule Approved

Posted in Mortgage Monday June 13, 2005

McLEAN, Va., June, 2005 — The Farm Credit Administration (FCA or Agency) Board today approved a final rule governing the Federal Agricultural Mortgage Corporation (Farmer Mac) in the areas of non-program investments and liquidity. (more…)

California Mortgage Industry

Posted in Mortgage Tuesday June 7, 2005

(PRLEAP.COM) In California real estate prices are soaring and interest rates are lying at a all time low. These trends are indicative as California is a trend setting state of the United States of America and often the events taking place in the mortgage industry here act as a precedent for the other states. (more…)

Remortgage: How to Benifit

Posted in Mortgage Thursday June 2, 2005

There are many benefits in choosing a remortgage, some of which are listed below:

A remortgage is changing your mortgage without moving your home.

Remortgaging is the process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money. (more…)

Mortgage Fee Rip Offs

Posted in Mortgage Wednesday May 18, 2005

(PRWEB via PR Web Direct) May 17, 2005 – A recently completed survey by the Justice & Integrity Project’s National Mortgage Complaint Center reveals the top ten mortgage fee abuses in 2005. (more…)

USBA Members Mortgages

Posted in Mortgage Wednesday May 18, 2005

Overland Park, KS (PRWEB) May 18, 2005 — USBA Services, Inc., a wholly-owned subsidiary of Uniformed Services Benefit Association, today announced that NorthStar Loans USA has become an exclusive mortgage lending partner for the association’s membership. (more…)

Simple Refinance Loan: California

Posted in Mortgage Monday May 16, 2005

(PRWEB) May 13, 2005 — Many people contact us when they are 30, 60 and 90 days behind in their mortgage payments. If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out.

A simple refinance loan would take of all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month. (more…)

Home Equity Credit Line: How Much Money

Posted in Mortgage Saturday April 30, 2005

How much money can you borrow on a home equity credit line?

Depending on your creditworthiness (your income, credit rating, etc.) and the amount of your outstanding debt, home equity lenders may let you borrow up to 85% of the appraised value of your home minus the amount you still owe on your first mortgage. (more…)

Bad Credit Mortgage Loans

Posted in Mortgage Monday April 25, 2005

Persistence is the key working toward getting approved for a bad credit mortgage loan. There are many factors that you, as a borrower have control over that can help you get approved faster and easier.

There are guidelines that most sub-prime lenders go by that, if you know them, can help you move through the process without getting stuck, unable to get financing. (more…)

Reverse Mortgage

Posted in Mortgage Saturday April 23, 2005

Whether seeking money to pay for medical treatment, finance a home improvement, buy long-term care insurance, or supplement their income, many older Americans are turning to “reverse mortgages.” They allow older consumers to convert the equity in their homes to cash while retaining home ownership. (more…)

Last Chance for Low Mortgage Rates?

Posted in Mortgage Saturday April 23, 2005

Livonia, MI (PRWEB via PR Web Direct) April 18, 2005 — Mortgage interest rates dipped dramatically last week in what many are saying could be the last chance for consumers to lock in a historically low rate before they go up. (more…)