FORECLOSURES
Real Estate Foreclosures
Bank Foreclosures and Government Foreclosures
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| Find answers to your real estate finance
questions. Tips on mortgage, loan and refinancing. |
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The
Advantages of Loan Preapproval
Why should a first-time home buyer get preapproved
for a loan? Here are reasons why it's to a homebuyer's
advantage to get approved for a home loan over being
pre-qualified.
Preapproval,
Prequalifed or What?
To be preapproved or prequalified or have received
a loan commitment all have a different definition
and will affect your real estate transaction significantly.
Here's what you need to know to understand the process.
Back-end
& Front-end Debt Ratios
Explains how to compute your ratios to figure out
if you will qualify to obtain a conventional, VA
or FHA loan. Lenders use simple formulas to arrive
at front-end and back-end ratios, which you can
do yourself after reading this.
Facts
about Adjustable Mortgages
There are so many variables to an adjustable-rate
mortgage. Learn what lies beyond the initial interest
rate such as first adjustment maximum rates, cap
rates, margins, indexes and how often a loan can
adjust.
FHA Loan Basics
Find out what constitutes FHA loans, how you can
qualify to obtain an FHA loan and the minimum down
payment you will be required to make.
VA
Loan Basics
What is a VA loan? Who qualifies to obtain a VA
loan? What is a certificate of eligibility and how
does a veteran obtain such a document? What are
the pros and cons of a VA loan?
Your
FICO Score
Find out how your FICO score is calculated and read
simple explanations of the scoring ranges. The score
you are assigned will determine your interest rate
eligibility, with lower interest rates available
to those with higher FICO scores.
How
to Fix Your Credit
Learn how to repair bad credit or fix mistakes on
your credit report. You might actually improve your
credit score within 30 days if you follow this advice.
Loan
Appraisals
Few lenders will make you a real estate loan without
an appraisal. Even Donald Trump gets appraisals.
Because real estate loans are secured to real property,
the lender will want to assess the value of its
security, and here's what you need to know about
the process.
Mortgages
& Trust Deeds
Do you have a mortgage or a trust deed? Do you know
the differences between the two? One of these instruments
gives a third party the power to foreclose in the
event of default.
Best Buy to Let Mortgage
Deals
Are you looking for the best buy to let mortgage
products with the best rates payable? It's important
to know what you can borrow first and consider the
different options available to you. Most lenders
will offer a maximum loan of 85% against the investment
property for sale requiring you to fund at least
a 15% deposit.
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