Get the recipe of your success


Turn Your Light
Business On!

Click here

Home mortgage

How Mortgages Work

You may think mortgages have been around for hundreds of years -- after all, how could anyone ever afford to pay for a house outright? It was only in the 1930s, however, that mortgages actually got their start. It may surprise you to learn that banks didn't forge ahead with this new idea; insurance companies did. These daring insurance companies did this not in the interest of making money through fees and interest charges, but in the hopes of gaining ownership of properties if borrowers failed to keep up with the payments. It wasn't until 1934 that modern mortgages came into being.

Category: Home mortgage

Can You Get a Mortgage on a Mobile Home?

Manufactured homes account for 6% of all occupied housing, but a much smaller percentage of home loan originations according to a report issued by the Consumer Financial Protection Bureau (CFPB). Many people still refer to this type of housing as a mobile home, a term that actually refers to structures built before HUD code standards were established in 1976. (For more information on buying a home, see: A Guide to Buying a House in the U. S. ) But whatever you call them, one reason loan originations are so low is that people living in manufactured homes tend to be “financially vulnerable,” as the CFPB puts it – older individuals or low-income families who tend to be offered less than favorable rates and terms on any type of loan.

Category: Home mortgage

Mortgage | Lubbock | Texas | Hometrust Mortgage

Last Updated: Feb 11, 2017 HOMETRUST MORTGAGE is a Texas based company that was founded in 1986.   With over 100 years of combined industry experience, our executive team continues to take aggressive steps to innovate and improve the industry. We take pride in our ability to employ some of the finest loan officers in our markets.   We select only qualified candidates and equip them with the most advanced tools available.   Additionally we provide flexibility and autonomy to our loan officers enabling them to make the decisions necessary to provide our customers with the highest level of service.

Category: Home mortgage

Compare Modular Home Mortgages and Loans for Manufactured Homes

Many people in rural America need affordable financing for manufactured, mobile and modular homes. There are several popular government programs that back financing with loans for modular homes. USDA and FHA are the most popular modular home loans but there are more. Qualifying for a second mortgage with a modular home has been quite an accomplishment in recent years. People who own modular or manufactured homes have had to go to great lengths to obtain secondary financing for single-family modular homes. More equity is required if your home is considered to be either.

Category: Home mortgage

Nationwide extends 95% mortgage range to home movers

Home movers with little equity in their property are being offered a new range of 95% mortgages, provided they commit to making regular savings for at least six months. Nationwide building society is extending its Save to Buy mortgage to homeowners, who will be able to take out a mortgage with a deposit of just 5% after putting at least £50 a month into a linked savings account for six months. So far 25,000 potential first-time buyers have opened Save to Buy accounts and Nationwide said extending the deal would free up starter homes for those wanting to get on the property ladder.

Category: Home mortgage

Mortgages, Home Loans, Refinancing in Denver, Colorado

I have worked with Chris on a few transactions. As a Realtor, having a GREAT lender during a transaction makes all the difference! Chris is extremely professional, communicates well and provides top notch service. I have no hesitation on referring my clients to him as I know he will get the job done with no issues, close on time and provide first class service! Kathy Hansen,Feb 04, 2017 Great communication throughout the entire process Laura Mercer,Feb 01, 2017 QUICK AND EASY David Reid,Jan 31, 2017 Professional, informative and great communication throughou the entire process.

Category: Home mortgage

Home Mortgage Rates

Broadly, there are two types of home mortgages: fixed rate mortgages and variable rate mortgages (often called adjustable rate mortgages).   A fixed rate mortgage has an interest rate that is fixed for the entire duration of the loan (most commonly 30 years) while a variable rate loan has an interest rate that changes.   Variable rate loans are better known as ARMs (adjustable rate mortgages); the most common ARMs have interest rates that are fixed for a period of time and variable thereafter. In both cases, it is ultimately the decision of the mortgage lender what interest rate to charge on the loan.

Category: Home mortgage

How to Mortgage a Mobile Home | eHow

Whether you call them mobile homes or manufactured homes, financing one is different than financing a regular home. Yet, it is still possible to finance your mobile home with a mortgage from a traditional bank lender. Here's how you can find a bank to loan you money for your mobile home. a mobile or manufactured home in mind Determine your financial needs. If you need money to finance the purchase of a mobile home, do you need a bank to lend you money? If so, you'll need to find a lender to give you a mortgage. The loan works the same as if you were purchasing a brick and mortar home where it is backed by your assets, which in this case is the mobile home.

Category: Home mortgage

Vacation Home Purchase Financing at the Beach, Mountains, & Lake

Have you dreamed of owning a vacation home to get away from your busy life? Likewise, does owning a home at the beach, on the lake, or in the mountains excite you? Additionally, are you looking at investing in real estate on top of enjoying the use of it? The decision to purchase a second or vacation home is a big one.  So making it affordable is just as important in that it doesn’t put a strain on your finances. Second or Vacation Home Mortgage Features Vacation / Second Home financing As little as 10% down payment available on single family homes or townhomes Vacation Condo purchase with 10% down payment Can use a home equity line or loan on your primary residence as down payment 10 – 30 year fixed rate mortgages 3/1, 5/1, 7/1, and 10/1 Adjustable Rates So you know that buying a vacation home with little money down is possible.

Category: Home mortgage

Patelco Mortgage Rates

Printer friendly ▶ Rate Tracker For California and Illinois properties only: Interested in tracking a specific rate for any Home Loan product? Use our quick and easy Rate Tracker*! *Rates are subject to change without notice. This is not a commitment to lend or a loan approval of any kind. Rate Tracker is available in CA and IL only. Loan Program Rate Points APR 1 30-Year Fixed Rate 3. 875% 1. 000 4. 032% 30-Year Fixed Rate 4. 000% 0. 500 4. 117% 30-Year Fixed Rate 4. 125% 0. 000 4. 201% 20-Year Fixed Rate 3.

Category: Home mortgage

← Prev  Next →

1   2   3   4   ...   231   232   233   234   235   236