What is it about the bi weekly mortgage plan that is so appealing that homeowners would pay someone to set it up? Some companies charge as much as $400 plus perhaps even a monthly maintenance fee for as long as you are enrolled in the program? Well, what makes a bi-weekly mortgage program so attractive is that you can save 10â€™s of 1,000â€™s of dollars in interest and pay your home off 5-7 years earlier if you really do the plan.
The best time to get money is when you do not need it. What do I mean by this? You may have good credit, a good job and money in the bank, but this can change very quickly. You never know when you might have a crisis or emergency that you are financially unprepared for.
he NACA (which stands for the Neighborhood Assistance Corporation of America) originally exposed and confronted Subprime and predatory lending in 1991. They remain in the forefront of this impending disaster for millions of homeowners across the country who feel that they have no voice. People who, over the last few years, numbered in the millions of Americans who were lured into a Subprime or predatory loan.
As an appraiser the most often asked question to come my way is â€œWhat upgrades should I add to my home that would have the greatest influence on the property value?â€ At first glance it appears to be a simple question, however, the number of factors that are taken into consideration are numerous and not always consistent.
The big news recently is that the Federal Reserve lowered the fed funds rate by half of a percent. What appear to be a great idea to get the real estate housing market moving again is having disastrous results in other areas.
Sometimes an appraiser will miss a sale that they should have used in their assessment. One thing you can do is to provide the appraiser with other sales that you think they ought to consider.
When you fill out an Internet form for mortgage rate comparison websites, you will have lenders competing but they may drive you crazy in the process. What may not realize is that you might be showered with aggressive sales people all competing for your business
People wonder about how accurate free home value websites such as Domania.com and Zillow.com. While these sites might be starting point for satisfying one’s curiosity, I caution against relying on these sites for buying or selling decisions.