Low Doc Loans (and Low Doc Home Loans) were created to streamline the loan application process for the ever growing self employed borrowers. These home and commercial loans are designed for people to have the means to meet the loan repayments but are not able to provide sufficient documentation to support their income.
Normally a lending [...]
In the midst of the recession and a collapsing real estate industry, many homeowners are being forced to face — either through job loss, increasing interest rates on an ARM, poor financial planning, or other reasons — the possibility of losing their home. While loan modification is being ballyhooed as a savior for these homeowners, [...]
Looking for a remortgage that suits you can be a time consuming process that is filled with stress and uncertainty. One type of remortgage that many people find suits them is a tracker rate remortgage. Tracker rate remortgages work in the same way that a tracker rate mortgage does, it follows the Bank of Englands [...]
So you’ve somehow managed to find yourself in a bad situation with your mortgage. So bad, in fact, that you feel hopeless, as if there is no longer any way to save your home from foreclosure. While it’s true that this is a very bad situation to be in, there may still be hope for [...]
Self certification mortgages are mainly for those people who cannot verify their income. This can often be for a variety of reasons such as they are self employed, rely on a second job, commission or bonuses to top up their salary or have income from several different sources. However some self certification mortgages will still [...]
A repayment mortgage is a type of mortgage that allows the borrower to pay back both the amount borrowed and the interest which accrues on a mortgage. This type of mortgage is repaid over a set period of time and as long as the borrower has made the correct repayments at the right time the [...]
Heard of loan modification? If you haven’t, you soon will. As more and more ARM’s reset to a higher rate, many homeowners are discovering that they can no longer afford their mortgage payment. Most try to keep up, but may end up falling behind. Others are at risk of losing their home to foreclosure.
As more [...]
While many of the Reverse Mortgage Lenders are just beginning to accept loan packages for the purchase program, Financial Freedom has not only been accepting packages…they have been closing and funding the loans…”Hallelujah!!”
If you’re still struggling through the process of closing those “forward-based” mortgages, you’ll never believe how simple this particular purchase process was to [...]
An offset mortgage allows the borrower to have all their money in one place, including your mortgage, savings, current account and loans. This means that you can organise your finances better as you can see where all your money is and you have greater flexibility over your money.
With an offset mortgage you will pay a [...]
Addressing the problem of home foreclosures is the key to unlocking the financial crisis that is raging across America and taking the world along with it.
Broadly speaking there are three types of foreclosures - residential, commercial and tax foreclosures. The crisis right now in USA centres on home foreclosures but waiting in the wings are [...]