August « 2011 « home loans – mortgage refinance second mortage

August 15, 2011

New York University Tabs The Reverse Mortgage Center?s President Russell J. Fishkind to Teach Premiere Reverse Mortgage Training Class

Filed under: Second Mortgage — Tags: Centers, Class, Fishkind, Mortgage, Premiere, President, Reverse, Russell, Tabs, Teach, Training, University, York — admin @ 10:32 am

New York University Tabs The Reverse Mortgage Center’s President Russell J. Fishkind to Teach Premiere Reverse Mortgage Training Class

Eatontown, NJ (PRWEB) July 19, 2007

The Reverse Mortgage Center, LLC® is proud to announce that Russell J. Fishkind, President and C.E.O. of The Reverse Mortgage Center, has been selected by New York University’s School of Continuing and Professional studies, to teach the inaugural Reverse Mortgage Training Program. Students who complete the 6 hour course will earn a NYU Reverse Mortgage Broker Certificate of Completion.

This class explores in detail the current and projected senior demographics, the lack of adequate retirement funds for over 13,000,000 seniors, and why the FHA reverse mortgage is becoming a mainstream planning tool.

Course highlights include interviews with both government and industry executives, hands-on knowledge of how to compute principal limit amounts, current and new product designs, and how to utilize a reverse mortgage in retirement, estate and income tax planning. Topics include:

Aging in place. Seniors’ concerns and issues. Independent counseling. HECM and HECM100 Proprietary reverse mortgage products. Estate and income tax strategies. Congressional acts and legislative history. Fannie Mae and Ginnie Mae. Ethics in the senior marketplace. Long term care insurance. About The Reverse Mortgage Center, LLC®
A team of legal, tax, existent estate and financial professionals pooled their expertise to build a comprehensive reverse bonding education and lending program to present consumers and brokers with fair and balanced information and service. Safeguarding the consumer’s financial well-being and the reputation of our participating mortgage brokers is of predominate importance. Our knowledgeable staff of loan correspondents and management team will explain the profit of a reverse mortgage, assess you or your client’s require for a turn mortgage, and provide step-by-step guidance through the application manage. Therefore, The Reverse Mortgage Center, LLC® provides each prospective client and broker with a dedicated lend correspondent to ensure your full understanding of reverse mortgages. For more information call 1-866-784-9111 or visit our website at http://www.thereversemortgagecenter.net.

Media Contact:
Patrick Melillo
The Reverse Mortgage Center, LLC
6 Industrial Way West
Building F – Second Floor
Eatontown, NJ 07724
(732) 542-9400 Office
(848) 466-0628 Cell

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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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August 14, 2011

Free Online Mortgage Refinance Quotes: Providing Valuable Service to Consumers

Filed under: Mortgage Refinance — Tags: Consumers, Free, Mortgage, Online, Providing, Quotes, Refinance, Service, Valuable — admin @ 12:33 am

Free Online Mortgage Refinance Quotes: Providing Valuable Service to Consumers

You can easily get free mortgage refinance quotes from online mortgage comparison websites. These sites serve to connect borrowers to hundreds of lenders, making mortgage and loan comparison easier.

Getting mortgage refinance quotes online is also very simple. You only need to fill out and complete several online forms and submit the information. In just a few minutes, you can get different mortgage refinance quotes from different lenders. The entire process of getting free mortgage refinance quotes takes less than 15 minutes. This will surely save you from the trouble of individually looking for lenders offering mortgage refinancing.

The Advantage of Getting Mortgage Refinance Quotes

There are several advantages of getting bond refinance quotes. If you are seriously planning to refinance your home mortgage, then this should be your first step.

By getting bond refinance quotes, you will be able to choose wisely which lender offers the best covering. Comparing different interest rates and payment schemes and choosing one that best suits your budget could certainly improve your monthly cash deploying.

Getting several bond refinance quotes also indicates that you are doing comparison shopping for the best deals around. Some lenders might take notice and offer you a better deal than the others. Lenders naturally would want you to become their customer. So, don’t hide the fact that you are getting several bond refinance quotes from mortgage lenders.

You can too certainly get the benefit of convenience by taking advantage of free online bond refinance quotes services. Comparison shopping and searching for the right lender is not an easy task. You could devote an entire day searching for lenders on the Internet but still fail to get the best deals you are looking for.

Online Safety Tips When Getting Mortgage Refinance Quotes

There are several safety reminders you need to know before you actively use online mortgage refinance quotes services.

First, online mortgage refinance quotes are generally free. Websites offering such services are compensated by lenders who can successfully clinch a deal with a client. So if you are asked to pay for mortgage refinance quotes services, better look somewhere else. You can get this service for free in many sites.

Second, you need to read the privacy policies of sites offering free mortgage refinance quotes services. The site should guarantee that your information will not be used for any other purposes. You will provide private information specifically just to look for a suitable lender. This information must not be used or sold to third parties for marketing purposes.

Third, you have to observe the security features of the sites offering free online mortgage refinance quotes services. Once you enter their forms page, your browser should display a security icon. This means the website implements standard security measures on their secured forms page. If your browser displays a warning about the site’s security vulnerability, then you have to get out of the site and find one that offers reliable Internet security.

Refinancing your mortgage can bring lots of benefits. It can improve your monthly cash position and take the worries away from you. But before you decide to refinance, take time to get reliable mortgage refinance quotes.

Informative, easy to follow step by step explanation of what and how to get a Reverse mortgage for Refinance. Too many tutorials are exhaustive and boring. This one explains things in a basic down to earth format with a smooth cadence allowing the viewer to absorb without feeling overwhelmed with too much too fast. Quick, sharp and concise presentation.

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August 12, 2011

BD Nationwide Mortgage Introduces the Second Mortgage that Requires NO Appraisal for Home Equity Loans to 125% and Refinancing Credit Lines

Filed under: Second Mortgage — Tags: 125%, Appraisal, Credit, Equity, Home, Introduces, Lines, Loans, Mortgage, Nationwide, Refinancing, Requires, second — admin @ 2:33 pm

BD Nationwide Mortgage Introduces the Second Mortgage that Requires NO Appraisal for Home Equity Loans to 125% and Refinancing Credit Lines

Encinitas, CA (PRWEB) November 6, 2006

BD Nationwide Mortgage introduces the “Fast Fund Second Mortgage Loan” that requires no formal appraisal. The latest second mortgage product from BD Nationwide reduces the funding times for home equity loans, because underwriting accepts an automated value model rather than an URAR or 2055 appraisal that requires a licensed appraiser to visit, survey, and appraise a property and the comparable properties. The average full appraisal or drive by typically takes 7 to 10 business days to complete from the time the loan officer or mortgage broker orders the appraisal. Most of the AVM models accepted with these second mortgages takes the loan officer about 20 seconds to complete for most properties. Besides increasing the efficiency of the loan process, this “Fast Fund Second Mortgage” program reduces the loan costs $ 300 to $ 500 per loan, depending on the state.

According to Brendon Daly, a financing consultant with BD Nationwide Mortgage, “The AVM ‘s seem to be approved with the home equity lenders for this 2nd mortgage product about 60% of the time.” Daly continued, “This is a great added-value service for homeowners looking for a cash out by means of a second mortgage or home equity line of credit. The AVM eliminates about 10 days of the home equity loan process by waiving the formal appraisal. This really relieves the stress level for many borrowers that comes with the territory, when the appraiser comes to evaluate your home during this declining real estate market.

According to Citibank executive, Jim Markham, “Having the ability to use the AVM model is a Win-Win scenario for mortgage brokers and homeowners across the country. Mortgage brokers can increase their second mortgage volumes and borrowing consumers benefit from reduced costs and quicker loan processing cycles. BD Nationwide and participating home equity lenders are releasing more 2nd mortgage and refinance products with underwriting guidelines enabling the use of these statistical appraisals that calculate the home values online simultaneously with credit reports.

At this time, BD Nationwide also provides fixed rate home equity loans to 125%, prime rate equity lines of credit, and sub-prime second mortgages for people with lower credit scores and past late payments, collections or bankruptcies.

Lynda Nelms, a Senior loan officer at BD Nationwide, noted that the automated 125 home equity loan soothes many of my clients who want to consolidate debt or get access to cash but might be concerned about declining property values.” The AVM does not work for every home loan, but when the value is acceped, the second mortgage process is significantly streamlined. Homeowners prefer having the ability to use their home equity and this 2nd mortgage loan helps make home improvement financing quick and easy. According to Nelms, “The process for 125 loans can be a stressful time for many borrowers who are seeking cash out quickly.” Having the opportunity to increase the efficiency of loan processing is good for our business and convenient for consumers who are taking advantage of home equity refinancing.”

BD Nationwide Mortgage recommends consumers should go online and indulge themselves with additional refinancing advice from experienced second mortgage brokers. Start by getting yourself familiar with how home equity loans work, and figure out which types are best for your goals and qualifications. BD Nationwide strongly recommends working with loan officers who comprehensively understand stand-alone home equity loans and 125% second mortgages. This loan broker urges you to align yourself with competent council for subordinate financing with credit qualifications for second mortgages lenders. Consumers searching for current interest rates, should visit: Home Equity Loan Rates.

About BD Nationwide Mortgage Company

BD Nationwide Mortgage is a second mortgage broker from Southern California who specializes in home equity loans and debt consolidation. The mortgage broker offers cutting edge loan products for refinance, second mortgages, home credit lines, and jumbo purchase loans. The company continues to promote second mortgage loans with added value options for people with good and bad credit. Always striving to offer “out of the box” loans, BD Nationwide Mortgage is committed to expanding home financing solutions so that more Americans can maximize the financial rewards of being a homeowner in the United States.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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August 11, 2011

Best Mortgage Refinance Rates

Filed under: Mortgage Refinance — Tags: Best, Mortgage, Rates, Refinance — admin @ 4:35 am

Best Mortgage Refinance Rates

Best mortgage refinance rates

Who has the best mortgage refinance rates in town :

After qualifying various different lenders, authorize only the companies that tin give you the best bond refinance rates to pull your credit.

When you refinance your mortgage, you need to consider that you will have to pay closing costs and other fees like points. Though, many mortgage lenders are now waiving those fees to encourage homeowners to refinance. Be careful, though, because your refinance mortgage rate may not be as good when you do not pay closing costs. Shop around to find the best mortgage refinance rates whether you are looking to avoid closing costs or not. Shopping around is till the most effective way to get the best mortgage refinance rates.
What mortgage refinance rates you are eligible for will depend mostly on your credit rating. If you have good credit, you will probably find several lenders vie to offer you a low refinance mortgage rate. Since most experts recommend that you only refinance when the refinance mortgage rate is two points lower than what you are currently paid, having good credit will work in your favor.

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However, if you have less-than-excellent credit you will first need to examine whether or not refinancing is in your better interest. With poor credit you will definitely pay higher mortgage refinance rates. With very bad assign, you may find it difficult to refinance at all. However, there are some things you tin do to improve your chanced at getting qualified and obtain the best refinance bond rate possible.

Check to make sure your existing mortgage does not have any pre-pay penalties. Many homeowners select a mortgage that includes pre-payment or early pay penalty clauses. While the cost of this penalty may vary, it generally amounts to about six months of your mortgage loan’s interest. If you want to do a mortgage refinancing that has these types of penalties, make sure you have enough funds to cover them.
Pay attention to interest rates and closing costs. A lender might be able to provide you with a lower monthly payment through mortgage refinancing with their company, but this does not automatically make them the best choice. If interest rates or closing am are too high, avoid the lender in question. These two variables are often the deciding factor when it comes to making a final decision about selecting a lender for mortgage refinancing.
Get everything in writing. Once you decide on a mortgage refinancing lender, make sure you get all of your mortgage refinancing terms written down on paper. This includes the agreed upon interests rates and closing costs. It is also good to ask questions about pre-pay penalties or any other types of penalties that might be associated with the mortgage refinance. Often times, lenders will avoid this type of information if they feel it will be a deal-breaker that will prevent you refinancing with their company.
Mastering the best mortgage refinance rates is not so easy in the end.

myhometownllc.com http FHA Loan basics helps answer the question: What is FHA? Is a FHA Home Loan right for me? This video reviews FHA Guidelines and the benefits a FHA mortgage in both refinance and purchase home loan transactions. portal.hud.gov

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August 9, 2011

First Mortgage Announces 29 Per cent Rise in Turnover

Filed under: Second Mortgage — Tags: Announces, cent, First, Mortgage, Rise, Turnover — admin @ 6:34 pm

First Mortgage Announces 29 Per cent Rise in Turnover

(PRWEB) January 10, 2007

First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and payment protection plans, have just announced a 29 per cent increase on the first six months turnover between 2005 and 2006.

Out of the 29 per cent rise, around 14 per cent is attributable to an increase in both the volume and absolute value of the company’s mortgage procurement fees. The remaining 15 per cent resulted from corresponding sales of ancillary protection products, accident and term life insurance and non core service provisions to other parties.

First Mortgage specialises in providing mortgages (http://www.firstmortgage.co.uk/ ), remortgages (http://www.firstmortgage.co.uk/Remortgage-types ) and mortgage protection plans, regardless of a customer’s financial background. By offering many different mortgage types, First Mortgage have established themselves as one of the leading providers of mortgage products by offering appropriate help to even those consumers with bad credit histories.

The success of First Mortgage can also be seen in its recently launched website, which aims to provide users with a range of information on First Mortgage’s products and services in order to guide users towards the best possible mortgage for their unique needs. So, whether a customer is looking for a selection of mortgage types (http://www.firstmortgage.co.uk/Mortgages-Types) or mortgage protection (http://www.firstmortgage.co.uk/Mortgage-Protection), First Mortgage is capable to offer appropriate help to all consumers. Additionally, First Mortgage carry out business covered with a chosen panel of surveyors and solicitors, in order to provide them with mortgage serving and administration tracking.

Commenting on the increase in turnover, Don Neil, First Mortgage Financial Controller, telling: “First Mortgage is looking forward to 2007 with around optimism and is now beginning to enjoy the benefits of heavy investment and ordered of our web based business, coupled with the establish of our Fresh Start Finance project aimed specifically at individuals with adverse credit issues”

From a general perspective the level of growth is forecasted to decline in the second half the year. However, this will be partly due to seasonal fluctuation and is not indicative of any decline in the underlying buoyancy of the Scottish market.

About Us:

First Mortgage (http://www.firstmortgage.co.uk/) is a trading name of First Mortgage Direct Limited which is directly authorised and regulated by The Financial Services Authority. First Mortgage specialise in mortgaging, remortgages and mortgage-related protection, by searching the overall of the UK market for the lowest APR, regardless of any existing badly credit, poor credit ratings, defaults, or fifty-fifty bankruptcy. The First Mortgage services are available online, via telephone and in person at various locations throughout the UK.

First Mortgage is a free UK mortgage search resource which endeavours to source the best mortgage, remortgage and mortgage protection deals from over cl UK lenders. Mortgage services range from providing basic interior-buying information for first-time buyers to full mortgage quotes and loan applications for established property owners.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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August 6, 2011

Is Now the Time for a Mortgage Refinance?

Filed under: Mortgage Refinance — Tags: Mortgage, Refinance, Time — admin @ 10:32 pm

Is Now the Time for a Mortgage Refinance?

Home mortgage rates are up half a percent from one year ago, but down half a percent from March — and while this latest place decrease has led to a surge of bonding refinancing (refi) activity, homeowners should consider the pros and cons of refinancing in their situation before they sign up for a new deal on their home loan.

Some homeowners are sitting on adjustable rate mortgages (ARMs) wondering if now is the time for a bond refinance into a fixed-rate loan. They may worry — and rightly so — about payments increasing, especially in an atmosphere where home values might decline. Other homeowners may want to use cash from their equity to pay for kids’ college tuition, take advantage of lower prices to put a down payment on a second home, or redoing existing homing.

Predicting mortgage rates regarding researching a complex set of variables, including market liquidity, the status of inflation, financial markets, and the state of U.S. currency.

In light of the confusing market, homeowners should consider the following tips to help in deciding if they would be wiser to get a bond refinance now or keep their current mortgage.

Pros: Consider a bond refinance now if …

* ARM rates are rising above market rates. As interest rates increase, ARM loan payments do too. Homeowners concerned about payments, and whose rate is higher than current fixed mortgage interest rates, might consider a mortgage refinance. Many economists forecast basically stable interest rates through Thanksgiving or so, but with the amount of uncertainty in financial markets, there’s no telling. You can begin the process with a mortgage lender and have him or her watch rates for you to establish a good time to lock your loan.

* Refinancing is affordable. Refinancing involves expenses that can total around 2 percent of the total loan amount. Typically, financial advisors suggest a bond refinance is worthwhile if the savings on payments will pay for the refinancing costs within two years. Homeowners tin calculate their possess “break-even” date by dividing the up-front cost (the figure on the Good Faith Estimate form) by the hoped-for monthly savings. The answer is the number of months it will take to pay off the refinance — and sooner is better.

* You’ve grown roots. Homeowners who plan to stay in their home for a long period of time might find that a mortgage refinance makes sense. If you have a long term left on your mortgage payments, and your rate is higher than market rates — or you have an ARM or balloon-payment loan and want the security of a fixed rate — you’ll likely meet the “break-even” criteria outlined above.

* One loan is better than two. For homeowners with a first mortgage as well as a second mortgage with a high rate, a mortgage finance can combine the two loans into one. Second mortgages usually have adjustable rates. If the second mortgage has a hefty balance, today’s borrowers might be breaking off rolling the two loans into 1. Compare current loaning with refinancing options with an online calculator such as the one at http://www.bills.com/home-finance/

Cons: Wait to refinance if …

* Credit isn’t stellar. Those who have made credit mistakes (such as late payments, especially on the mortgage)will benefit from spending a few months cleaning up their act before applying for a mortgage refinance. Paying on time and reducing or eliminating credit card balances will earn a better-refinanced mortgage rate.

* Life is in flux. Homeowners should not invest in a mortgage refinance if they might sell the home within a year or two. Divorce, job relocation, or fifty-fifty a big increase might do you rethink your residence. Refinance when your life is more stable.

* The clock is ticking on private mortgage insurance (PMI) payments. Most lenders require PMI for borrowers whose mortgage balance is greater than 80 percent of the price of their home. When the loan value falls below 80 percent of the home’s value, borrowers may be able to request elimination of PMI. Some loans may even require borrowers to refinance to eliminate PMI.

Removing PMI will give most borrowers an immediate monthly payment reduction of to (the mortgage statement lists the specific payment). You may decide to hold off on a mortgage refinance if you anticipate falling below the 80 percent loan-to-value mark soon. In this case, waiting a few months to refinance could mean significant savings by eliminating your monthly PMI payments.

A mortgage refinance can be a good way to get a better mortgage, but it isn’t the be-all and end-all for every borrower. Take time to educate yourself and weigh the pros and cons of your situation before making a decision. For more articles on Mortgage Refinance, visit: http://www.bills.com/mortgage-refinancing/

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August 5, 2011

Guardian Mortgage Recognized by D Magazine for Second Year in a Row

Filed under: Second Mortgage — Tags: Guardian, Magazine, Mortgage, Recognized, second, Year — admin @ 12:33 pm

Guardian Mortgage Recognized by D Magazine for Second Year in a Row

Richardson, TX (PRWEB) July 20, 2011

A bright spot in an otherwise gloomy real estate finance landscape is 46-year-old Guardian Mortgage, a boutique local lender which said today that four of its loan officers were recognized again as top Metroplex mortgage professionals in the current issue of D Magazine.

This year’s winners from Guardian Mortgage are Lynn Hood (http://www.lynnhood.com), Rick Hodges (http://www.rickhodges.com), Marcus Mccue (http://www.marcusmccue.com), and David Stout (http://www.davidstout.com).

This is the second year the list was compiled by D Magazine and the mortgage professionals recognize represent less than seven percent of the total in the Dallas-Fort Worth area. Nominations and judges are provided by D Magazine Top DFW Realtors®, clients and other professionals in the residential real estate arena.

“Our seasoned team was nominated for innovative thinking and helping their clients achieve their short and long-term financial goals,” said Mrs. Marcia Phillips, CEO, Guardian Mortgage. “Our clients’ enthusiastic referrals to friends and family are a testament to the years of outstanding service received from our loan officers. Congratulations to Lynn Hood, Rick Hodges, Marcus McCue and David Stout for this recognition by clients and peers!”

About Guardian Mortgage

Headquartered in Richardson, Texas, Guardian Mortgage Company, Inc. has been in the mortgage contributing and servicing business since 1965. It is a severally had and managed company that specializes in origination and servicing residential mortgages. Guardian has virtually $ 2 billion dollars in its servicing portfolio – which translates to over 17,000 current quenched customers. In addition to offices in Plano, Richardson and Arlington, Texas, it also has offices in Grand Blanc, Mich. More information can be found at http://bit.ly/GuardianPressRoom.

100 N. Central Expressway, Suite 150
Richardson, TX 75083
(972) 690-0923

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August 2, 2011

MLS Reverse Mortgage Signs Broadcasting Legend As Northern California Spokesman

Filed under: Second Mortgage — Tags: Broadcasting, California, Legend, Mortgage, Northern, Reverse, Signs, Spokesman — admin @ 4:34 pm

MLS Reverse Mortgage Signs Broadcasting Legend As Northern California Spokesman

Auburn, CA (PRWEB) October 13, 2006 -–

In an attempt to expand their already growing image as the pros in the reverse mortgage industry, MLS Reverse Mortgage signed an agreement with Radio Advantage in Dallas, representing broadcasting legend Pat Summerall, to record a new 60-second radio spot, which will air in the Sacramento and Bay Area markets. “We anticipate that this partnership with Mr. Summerall will certainly help us gain a much larger share of the reverse mortgage market than we currently hold,” says Mike Borba, President of Borba Investments, Inc., dba MLS Reverse Mortgage.

Reverse Mortgage seems to be the new buzzword in the lending industry. But, what is a Reverse Mortgage? A majority of senior homeowners would like to stay in their own homes throughout their retirement years. However, everything from rising healthcare costs to increasing home maintenance expenses are making that more and more difficult. As a response to the apparent problem, the U.S. government created a financial solution for homeowners 62 and older. The solution is called a Reverse Mortgage and it may just help seniors truly enjoy their retirement years. A reverse mortgage enables homeowners 62 or older to convert part of the equity in their homes into tax-free income without having to sell their home, give up title, or take on a new monthly mortgage payment.

MLS Mortgage is a leader in the reverse mortgage industry. Mr. Summerall states, “take it from me, a guy who knows the pros. In the reverse mortgage industry, the pro is MLS Reverse Mortgage.”

For more information contact MLS Reverse Mortgage at 1-888-888-4834 or visit http://www.LearnAboutReverseMortgages.com.

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