GUEST POST by Fred David, fred@vamcnews.com
Have you served in the military? Were you honorably discharged?
If you answered yes to both questions and you’re in the market for a new home, you’ll want to consider a VA Loan.
A benefit entitled to you from the VA, the VA Loan is the only 100% financing option left on [...]
I suggested the 100 year mortgage last year. Has the time finally arrived?
The 100 year mortgage is a modest proposal to help folks keep their homes out of foreclosure and spur home buying, with no adverse effect. It is based on the dual premise that people will buy (1) if they can afford to make [...]
Simply enter the loan amount, the purchase price (they say property value, which is a little confusing since the results show that value as the purchase price– see below) and your zip code and Mortgage Marvel serves up a list of mortgage lenders, with the interest rate, points, APR, and monthly payment.
More and more Americans are facing a decision on mortgage debt they are unable to pay or refinance. Should I declare bankruptcy? You may not have to. You may be able to simply walk away from the mortgage. Most Americans fear making that choice.
The Bank Chase for a Deficiency Judgment
Most [...]
It’s not just sub-prime first mortgage borrowers who are falling behind in their payments. Rising delinquency rates are hitting home equity lines of credit, car loans and credit cards. These borrowers have good credit and were thought to be the bulwark against the sub-prime borrower risk. In the parlance of the [...]
The Federal Reserve proposed rules today to curb abusive lending practices. They think it may not be a good thing—you know, lenders giving loans to folks who can’t afford to repay them, which leads to foreclosures, which leads to bank losses, which leads to less lending, which leads to less buying, which leads [...]
“There’s a fine line between gain and a painful decline.” The Richter Scales.
This video is by the same folks who got some recent grief over this YouTube parody video.
via Sparckl.
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A.B. Wenzell (1909)
This Open Mike post is by John DiFiore. John is in the mortgage industry and specializes in first time home buyers and those with less than stellar credit. John says this post is meant for consumers, but Realtors can skip to the end for a message. OK, take it away [...]
Title insurance is necessary when you borrow money to buy a home. But do not blindly accept the title company recommended to you. An article in the Wall Street Journal says shopping around can save you thousands. That’s right, thousands.
The article cites online title companies like GetTitleInsurance.com , TitleInsurance.com, and EastTitelQuote.com as [...]
Originally conceived in the UK by Virgin Direct and the Royal Bank of Scotland in 1997, The One Account Ltd. pioneered a novel money-saving mortgage product. Known as an offfset mortgage or CAM (Current Account Mortgage), it allowed borrowers to consolidate savings and mortgages in one account, with the net balance (mortgage amount less [...]
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