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Borrowers Lose Tens of Thousands of Dollars in Unnecessary Mortgage Expenses

What do you do when you want to finance or refinance a home or a rental property? In most cases, the only way the borrowers know how to shop for a loan is to go online and/or call around to see who will quote them the lowest interest rate.   This approach is only partly effective because: 1) interest rates change every day, 2) lenders which have lower rates today, may be much less competitive by the time the rate is locked-in (especially if their loan "pipelines" get full), and 3) a particular lender may not be able to deliver the loan altogether due to strict qualifying req...

November 22nd, 2011 Borrowers Lose Tens of Thousands of Dollars in Unnecessary Mortgage Expenses

Private Placement Loans - Alternative Mortgage Financing for Buying and Refinancing Properties

With current interest rates hitting historic lows, one would assume it should be easier than ever to obtain a mortgage loan, especially since the mortgage payments are more affordable due to lower interest rates.   However, pretty much 100% of loan products offered by institutional lenders today are strictly "prime" loans and they are available only to the best qualified borrowers with perfect, or nearly perfect credit, income, and employment. In addition, the property, which serves as collateral, must be in top shape as well to qualify. One of the most significant bi-produ...

November 11th, 2011 Private Placement Loans - Alternative Mortgage Financing for Buying and Refinancing Properties

How to Buy and Finance a Short Sale Property (Without Losing Your Mind or Wallet)

What is the latest craze in residential real estate? Without a doubt, hunting for bargains and buying distressed properties. Purchasing a distressed property can be both profitable and rewarding, but it also can be a trying endeavor. A distressed sale transaction can involve any one of the following:     Short Sales - properties sold for less than the balance(s) of the existing mortgage(s) Foreclosures (trustee's sales) - properties sold by lenders at public auctions Real Estate Owned (REO) - bank owned foreclosed properties   This discuss...

August 15th, 2011 How to Buy and Finance a Short Sale Property (Without Losing Your Mind or Wallet)

Mortgage Interest Rates Stay Low (At Least For Now)

After a couple of months of steady fixed interest rates increases, the mortgage rates moved down again. Just a few months ago, a 30-year fixed mortgage rates shoot up to over 5.00% on better than expected economic news. Now the economy seems falter again and the rates went south. Essentially, the association between the economy and the interest rates is one which can be described as love and hate relationship. The better the economy the worse the interest rates and vice versa.   The principle behind this idea is that when the economy is weak and not growing, usually the inflation is l...

July 4th, 2011 Mortgage Interest Rates Stay Low (At Least For Now)

Multiple Home Loan Choices: Weapons of Mass Destruction or Tools to Save Money?

Some encouraging signs are emerging in the U.S. housing market: there are significantly more loan choices available today than anytime in the last two to three years. While it is way premature to say that the mortgage market is in a perfect shape, the above is a positive sign of a new trend starting to take root. For one thing, when it comes to home financing, the more choices and the better chance that the loan product will be optimized to end users' needs, and that is a good thing. Why? Short answer: because it can save borrowers thousands of dollars on interest, improve affordability, and r...

July 4th, 2011 Multiple Home Loan Choices: Weapons of Mass Destruction or Tools to Save Money?