By loanReviewer on Apr 14, 2008 in Real Estate | 0 Comments
Many seniors have fears about getting a reverse mortgage loan. For one thing, they’ve heard about the reverse mortgage fraud that’s happened to others. And for another, they worry that they will have to stay in their homes for the rest of their lives or risk losing the house. Neither of these things has to be [...]
By LoanRP on Nov 4, 2007 in Finance, Real Estate | 0 Comments
It’s awful to have to file for bankruptcy. It makes an impact on your credit rating and you will deal with that for many years. Trying to refinance your mortgage loan after bankruptcy could be a very hard thing to achieve.
If possible, it may be better to put off refinancing for a few years [...]
By LoanRP on Nov 4, 2007 in Finance, Real Estate | 0 Comments
When in debt, some choose to refinance their mortgage loan as a way to pay off their mounting bills. Although some may argue that this just gets them further behind, if you can be disciplined and not create more debt after the refinance, this may be a wise move. Not paying the bills that are [...]
By LoanRP on Oct 29, 2007 in Finance, Real Estate | 0 Comments
Did you know that according to the Mortgage Bankers Association, the average American refinances his or her mortgage every four years? Here are some of the reasons refinancing may be for you:
1) Reduce Monthly Payments. Refinancing for a longer term will lower the amount of money you pay each month. But, keep in mind [...]
By LoanRP on Oct 28, 2007 in Finance, Real Estate | 0 Comments
Getting a home mortgage used to be a symbol of achieving the American Dream. In years past, homeowners often stayed in their homes, paid their mortgages off and continued to live in those homes for the rest of their lives. But in today’s world, we move around a lot more. And there has been an [...]