Welcome to Home Mortgages
First Time Buyers Mortgages Article
This is a selection made from among articles on First Time Buyers Mortgages. For a permanent link to this article, or to bookmark it for future reading, click here.
How to save hundreds a month on your mortgage.
from: Joseph McNealy When it comes to American spending habits, the sad truth is that most people don't put their financial assets to the best use. One of the greatest examples of this is the home mortgage. Surprisingly, most people fail to educate themselves about the dangers and the pitfalls of not shopping for the best mortgage. Worst still, many have not taken advantage of low interest rates that could save them hundreds of dollars a month.
In addition to saving large sums of money every month, the homeowner in question would save thousands overall on the standard 30 year mortgage. This is before other cost saving measures such cutting unnecessary services, refinancing a car loan, paying off credit cards (to end the high cost of monthly double digit interest) and changing spending habits. The power of such a rate reduction could be used by millions of American homeowners to reduce debt, invest in retirement, or to simply put money away for an emergency. It is amazing that so many still neglect to utilize these powerful and straightforward techniques.
This then begs the question of where to start in order to reap the rewards of refinancing your mortgage. When it comes to finding home mortgage information, the Internet has become a boon to the weary researcher. In fact, finding sites about mortgage refinancing is far from the hard part when it comes to searching the 'Net. Perhaps the hardest part about searching for financial information online is insuring that one will indeed get the best quote.
In order to help you in your online search for a better home mortgage rate, I have listed a few tips and questions below:
Will your credit rating be a hindrance to a new loan?
Will the lender work with you if you have bad credit?
Are you getting a new loan to refinance your rate? Or are you getting a loan for a secondary reason (paying off debt or home improvement needs for example).
Have you seen your credit report lately? Is it accurate?
Are there steps that you can take in the short term to improve your credit score before you get the mortgage quote (such as paying off small debt or challenging negative items on your credit report)?
Does the site giving the mortgage quote, give you a quote from more than one lender? Some sites give you quotes from up to four lenders at once.
Is the quote free? Also, you should be under no obligation should you decide not do business with the lender.
These are just a few of the points that one should remember when searching the vast resources of the Internet for answers to your financial questions. If used wisely, a new mortgage could be the step that changes your financial future for the better.
About the Author
Joseph McNealy is the webmaster of The Online Arcana, a new website dedicated to personal financial information. If you wish more personal information on mortgage refinancing (such as a quote) you may go to http://www.onlinearcana.com/refinance.html. To visit our blog, please go to http://www.onlinearcana.com.
First Time Buyers Mortgages Specific links
Looking For First Time Buyers Mortgages Videos?
- You're looking for blinkx! Watch & search the largest selection of First Time Buyers Mortgages Videos now.
-- http://www.blinkx.com/
Entertainment News
- Breaking headlines and Hollywood gossip. Free entertainment videos and clips!
-- http://www.ivillage.com/
Looking For First Time Buyers Mortgages
- Let us help you find First Time Buyers Mortgages and more!
-- http://www.priceshopper.us/
Octane Tv!
- Watch Free Motorized Videos. Drifting, Racing, Crashing Cars, Motorcycles & Hot Girls
-- http://www.octanetv.com/
First Time Buyers Mortgages News
Parents are still the key to owning a first home - Times Online
Parents are increasingly shouldering the risk of their children’s mortgages as well as their own, despite government measures to help first-time buyers into the housing market. Ministers announced a £1.6 billion property rescue deal last week ...
Read more...Risky mortgages threaten to keep housing market down - Detroit Free Press
In the mortgage industry, they are called liar loans -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname ninja loans, short for no income, no job and no assets. The nation's housing ...
Read more...Skipton bucks trend by accepting lower deposits - Guardian Unlimited
While many mortgage lenders have been upping the deposits they demand from homebuyers, Skipton building society is reducing the upfront amount. Skipton has increased its maximum loan-to-value (LTV) to 95% as part of a scheme to help first-time buyers ...
Read more...Estate agent massacre - Times Online
Every day Neil Kurz drives to work past the station in Aylesbury, Buckinghamshire, and an imposing block of new flats that sits next to it. There are “For Sale” signs everywhere but he knows there is little immediate prospect of the apartments ...
Read more...Hope rises for Michigan housing market - Detroit News
DETROIT -- A federal takeover of mortgage giants Fannie Mae and Freddie Mac -- the congressionally created but privately held companies that fund more than half of the nation's home loans -- has potential to help turn around southeastern Michigan's ...
Read more...On Native Ground - American Reporter
DUMMERSTON, Vt. -- I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply ...
Read more...Profit from a plunging pound - Times Online
Second-home owners have been cashing in on the strength of the euro against sterling by selling their places in the sun. The pound has fallen 16% against the euro over the past year and hit an all-time low of €1.23 last week — compared with ...
Read more...U.S. seizes Fannie and Freddie - CNN Money
NEW YORK (CNNMoney.com) -- Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back. The move, which extends ...
Read more...Time to intervene to save the housing market - Guardian Unlimited
The fear of recession has loomed for months, but economic facts that emerged last week alone give real cause for alarm. The London stock market fell by 7 per cent; August car sales were the lowest for 40 years; year-on-year house prices have fallen ...
Read more...Mortgages: No relief in sight - Minneapolis Star Tribune
A bout 4 million U.S. homeowners -- including more than 65,000 Minnesotans -- were either behind in their mortgage payments or in foreclosure at the end of June, according to a second-quarter survey released Friday by the Mortgage Bankers Association ...
Read more...