Historically speaking, the answer to the rent or buy question is that usually it’s smarter to buy a house. These are not usual times. The true answer to that question, of course, depends on the individual situation. There are some factors to consider when making this important decision.
Some of the normal reasons [...]
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Certainly owner builder construction loans have changed over the last couple of years in response to the tightening of the mortgage industry’s metaphorical belt. However, there are still some good owner builder construction loans available today. And, the main features of owner builder construction may make it a winner regardless of the current state [...]
Posted in Blogging | Tagged an, builder, is, loan, owner, proof, recession
Endowment policies have received bad press in recent years, due to many people’s policies not maturing at the value they may have been expecting. If you have an endowment policy but are unsure about how much it is actually worth, you may want to read on.
What is an Endowment Policy?
Endowment policies are usually used to [...]
Posted in Blogging | Tagged endowment, how, is, much, Policy, really, worth, your
One must decide whether or not to choose bankruptcy or foreclosure. The right decision is taking immediately is not very easy. A mortgage lender will file a foreclosure action when it is not paid its monthly mortgage payments.
The best way to prevent this action would be to pay the holder or your mortgage. Mortgage loans [...]
Posted in Blogging | Tagged bankruptcy, better, foreclosure, is, it, than
Studying mortgage refinancing is not really your ordinary person’s cup of tea. Most of us would rather just go for the best solution provided without having to understand the intricacies of the solution itself. This way, we can just go on and start the process of preparing our new mortgage and closing the old one. [...]
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The increase in foreclosure rates across the country has caused millions to turn to their government for some sort of aid.
In some cases people want a bailout, while others simply want laws changed. It appears to be working, too, with the number of bills introduced to the Senate and House since the start of 2009 [...]
Posted in Blogging | Tagged about, doing, foreclosure, Government, is, it, the, what
“I don’t think a reverse mortgage is for me, I planned for my retirement!” Does this sound like something you are thinking or have thought? Then you are not alone.
We have had so many borrowers tell us that they thought they had planned adequately for their retirement and never thought they would need a reverse [...]
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It may surprise you to hear a reverse mortgage lender saying this but it is true. The loan is intended to be the last loan you will ever need and not a short term financial instrument.
Borrowers looking for a short term loan may be better suited for a different type of financing as reverse [...]
Posted in Blogging | Tagged a, definitely, everyone, for, is, Mortgage, not, reverse
So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable?
The answer to these types of questions will vary from critic to critic, however; it seems that the [...]
Posted in Blogging | Tagged down, foreclosure, is, Mortgage, my, on, only, option, upside