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Protecting Against Mortgage Broker Tricks
July 15, 2000, revised October 5, 2002 "I know you have written about tricks that mortgage brokers pull, but I'm sure I don't have them all?Could you list them and explain how I can deal ... more...

What Are "Free" Mortgage Rate Locks?
May 4, 1998 "A lender I solicited offered me a ?free? 60-day rate lock. What exactly does that mean? I am always suspicious of anything that is offered free." A rate lock probably has value to you but you are right to suspect that it is not being given away free. Capital markets ... more...

home loan terms refinance loans insurance purchase related definitions

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

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Bad Credit Debt Consolidation Loans - Getting a Debt Consolidation Loan, Even With Poor Credit
An online debt consolidation loan allows even people with a poor credit to reduce their overall monthly payments and regain their financial footing. While there are personal loans that allow you to do this, tapping into your homes equity is a better option.Choosing A LoanRefinancing your home to ... more...

Consolidating Debt - How to Get The Lowest Interest Rate on a Debt Reduction or Consolidation Loan
To get the lowest interest rate on a debt consolidation loan, you need to research terms and rates. Lenders realize to remain competitive, they must offer low rates. A difference as little as a quarter percent can save you hundreds a year. The type of loan you choose can also have significant ... more...

A Beginners Guide to the Best Online Loans
If you're looking for the best online loans, it doesn't hurt to do a little research so that you'll know exactly what sort of things that online lenders are going to be looking for when you apply for a loan.It's obvious that the best online loans won't simply fall into your lap; in order to get the ... more...

A Beginner's Look at Secured Homeowner Loans
Secured homeowner loans come in a variety of different types and amounts, and are intended for a wide variety of uses.These loans can be used for the same purposes as most personal loans they can allow you to purchase a new car or other vehicle, pay for education expenses, make improvements or ... more...

What is a Personal Secured Loan?
A personal secured loan is the generic term for a loan. In simple terms a personal secured loan gives security to the lender on the loan other than a simple promise to repay the loan.This type of loan is essentially an amount that is secured against property put up by you as collateral. Since this ... more...

How to Find a Direct Homeowner Loan
If you've been thinking about applying for a direct homeowner loan, you might want to take a little bit of time to make sure that you understand exactly how these loans work and to shop around for the best deal in a direct homeowner loan.What is a direct homeowner loan?So what is a direct homeowner ... more...

Home Insurance Terms
Home insurance, or even homeowners insurance, is an insurance policy that combines insurance on the home, its contents, loss of the use of the home (additional living expenses) and, typically, the more individual possessions of the homeowner, as well as liability insurance for accidents that can ... more...

Finding the Best Home Improvement Loans
When the time comes to do work around the house, finding good deals on home improvement loans can be vitally important.Home improvement loans can be used to help you improve any part of your house or other real estate, providing you with the money to get the materials that you need and to hire the ... more...

What's Missing on Most Home Buyer's Checklists?
In a search for "Home Buyer's Checklist," I found articles, spread sheets, and tips with differing advice. Some of this advice includes:1. Know your location2. Negotiate price3. Check for amenities and compare to other homes4. Inspect the house for defectsIt seems that the real estate websites want ... more...

How Do I Calculate How Much Life Insurance I Need?
Life insurance protects you and your family from economic hardship as a result of death. It is an insurance companys obligation to pay the recipient of your choice a pre-determined amount of money when you die in exchange for timely payment of premiums while you are living.Do you really need life ... more...

Loans and Debt Consolidation Finance - Understand How Debt Consolidation Works
Debt consolidation reduces your interest rates and monthly payments so you can get a better handle on your credit. You can finance your consolidation through any of a number of lending companies. Once your promissory note is signed, pay off your accounts and focus on one monthly payment.The Goal Of ... more...

Property Investing Secrets 1
When property investing, pay the seller their asking price but negotiate the terms under which you can buy property. Youd be absolutely surprised when property investing at how many sellers will help fund you into their property. Basically, youre receiving vendor finance from the seller.Lets take ... more...

A Brief Look at Homeowner Loans
Homeowner loans are useful ways to get the things that you need a loan based on the value of your house, yours to use in whichever way that you need it most.Unlike some financing loans which can only be used for very specific purposes, homeowner loans can serve a variety of purposes alternate means ... more...

How to Find Cheap Home Improvement Loans
If you have home improvements that you'd like to see done but don't have the money to do them, you might want to consider looking for cheap home improvement loans.These are loans that are designed with the homeowner in mind, and allow you to make the repairs and improvements that you want but that ... more...

How to Buy Fixers for Profit
Do you dream of becoming a multi-millionaire real estate investor? Here's how to get started: find a bargain "fixer-upper" owned by a worried seller. The hardest house for a homeowner to sell is a "doghouse," "dump," or "fixer-upper." These run-down houses turn off most home buyers, who don't have ... more...


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