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Home Equity Loans and Cash-Out Refinancing

by Currence in May 10th, 2009   

Let’s say you have a home that’s worth $150,000 and you owe $100,000 on the mortgage. That means you have $50,000 of equity in your home, which is like having $50,000 in a savings account. A cash-out refinance allows you to access that equity. For instance, if you need $10,000, you can refinance your mortgage [...]

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Myths about Loan Modifications and Refinancing

by Currence in May 10th, 2009   
Topics: Commercial Loans     Tags: , , ,

Myth: Everyone can qualify for a loan modification – regardless of their ability to pay their existing mortgage or their previous pay history.
Fact: Loan modifications are intended to prevent foreclosures for borrowers who are in default or are in imminent danger of default. If you qualify for a refinance now, you will NOT qualify for [...]

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Interest Only Home Loan Financing

by Currence in May 10th, 2009   
Topics: Finance tips, Mortgage Loans     Tags: , , ,

Interest-only home loans are great for keeping your mortgage payment low and flexible.
By paying just the interest payment, you free up cash each month because you don’t have to pay the principal, too. The flexibility to pay the interest only one month and the principal and interest the next puts you in control of your [...]

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Refinancing an FHA Loan with FHA Streamline

by Currence in May 10th, 2009   
Topics: Finance tips, Mortgage Loans     Tags: , , ,

Quicken Loans now offers FHA Streamline, the easiest way to refinance your FHA loan. With FHA Streamline, you could refinance an FHA loan with no appraisal and no income/assets verification.
Watch our FHA Streamline video on YouTube for more information about this great opportunity to lower your mortgage payment with an FHA refinance.
Refinancing an FHA Loan [...]

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Refinance Relief for Responsible Homeowners

by Currence in May 10th, 2009   
Topics: Finance tips, Mortgage Loans     Tags: , , ,

At Quicken Loans, our goal is to make sure you’re always in the best mortgage for your financial situation. As you’ve heard in recent news, our government released a multi-step plan to help American homeowners. We’re extremely excited to be a part of the plan that could help up to 9 million responsible homeowners in [...]

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Important Debt Ratio Qualification Information

by Currence in April 22nd, 2009   
Topics: Commercial Loans, Finance tips, Mortgage Loans     Tags: , , , ,

Confused about whether you can qualify for a Wells Fargo loan modification to lower your mortgage payment? Homeowners facing financial difficulties may apply for a loan workout to lower their monthly loan payment to help them to stay in their home. However, each applicant must complete a loan modification package that will be [...]

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Ask About a home mortgage refinance Rate

by Currence in April 22nd, 2009   
Topics: Commercial Loans, Mortgage Loans     Tags: , , , ,

If you were able to do some artistic home mortgage costs in acclimation to get into the abode you’re currently active in you may be experiencing some banking issues appropriate now. If you are one of the abounding humans adverse an acclimation bulk in your home mortgage again you charge to yield banal of what [...]

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