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Where Can I Get a Home Loan Here Are The Top 5 Mortgage Lending InstitutionsSyd Johnson There are hundreds of sources for home loans online and right in your neighborhood. Banks, Credit Unions, Mortgage Bankers, Government Agencies and Private Sellers all offer different sources of financing for anyone shopping for a mortgage. Neighborhood Banks One of the best resources for getting a home loan is your neighborhood bank. Depending on the length of your relationship with the bank and the amount you have in you checking or savings account, you might be sent out letters and emails inviting you to apply for a loan. If you are generally satisfied with the quality of the service that you receive form your bank and they are offering a great interest rate, don’t walk away. Even if the offer is not quite what you’re looking for, walk into the nearest branch, and ask to speak to a loan manager. Once you are there, make your case in person for why you would like a certain loan or feel that you deserve a better interest rate. Most banks, especially the ones in larger cities, are part of a larger conglomerate or depend on a large conglomerate to finance items such as a home loan. Go through the process with the loan officer, but don’t be surprised if you don’t get an answer on the spot. It might take a day or two. Credit Unions Some of the lowest rates on any type of loan product such as student loans, mortgages and personal loans can be found through a credit union. If you are eligible to join a credit union, sign up and set up a savings account with small monthly deposits. This way, you can use the resources of the credit union when needed. Mortgage Bankers These firms deal exclusively with home loans and give you the widest possible selection of home loan products. You can find local and national Mortgage Bankers by doing a quick search on Google or Yahoo. Go to the website of several different firms, fill out an online application and you can be approved in a few hours. Government Agencies The agencies that lend mortgage money include the Federal Housing Authority FHA, Veteran’s Administration VA and the Farmers Home Administration FmHA. Contact each agency directly to see if you meet their requirements. Private Sellers An often overlooked financing alternative is to see if you can lease a property from a homeowner with an option to buy later on. If the homeowner has the resources, they can also finance your move in with a low interest loan. Check out these resources individually or discuss your options with a loan officer.
| | | | RELATED ARTICLES Renting Versus Buying: Pros and Cons Realtors have benefited from a new variety of homebuyer in todays market: the young, single professional. It used to be that most single men and women resigned themselves to a somewhat transient, short-term renters lifestyle until Mr. or Ms. Right came along. Thats not the case anymore. With more and more people delaying marriage until their careers have assumed the direction they wish to take -- and due to the fact that a greater percentage of young people are financially independent and quite successful -- single professionals are changing from renters to buyers. 7 Ways to Get to the Truth: When the Sale "Disappears" Youre close, really close, to making a sale. Yourpotential client is in the market for your product or service and youve had a couple of good meetings. Why Choose a Secured Loan One of the reasons why most people choose a secured loan is that they are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit history. Lenders can be more flexible when it comes to secured loans, making a secured loan possible when you may have been turned down for an unsecured loan. Secured loans are also worth considering if you need a new car, or need to make home improvements, or take that luxury holiday of a lifetime. BEAP Is Creating A Substantial Income There are currently over 52 million active mortgages in the United States today, and only 2% of these mortgage holders are aware of the savings created by Biweekly Equity Acceleration Programs BEAP. This dilemma poses a thrilling opportunity for entrepreneurs seeking a business venture that can create a substantial income stream. Build, Dont Blow, Your Annual Bonus NC—More and more companies are incorporating a bonus structure into compensation programs. Bonuses are generally based on performance and are tax advantageous for companies. How A Change in Perspective Can Help You Make More Holiday Season Sales: Pt. One Some sites are perfect for the Christmas season - their products fit easily into the idea of gift-giving. But what if the products and services you offer are for small business owners Debt Relief From Debt Consolidation If you are up to your neck in debt, there may seem like there is no relief in sight. In fact this is not necessarily the truth. There are ways to take all of your stifling bills and roll them up into one neat package by using debt consolidation in two very popular forms Home Equity Loans, Refinancing Loans, and a Consolidation Credit Card. All of these instruments provide the debtor with one thing “relief” from the current debt by shrinking it down to a single manageable debt. How Long Your Mortgage Runs Determines How Much You Pay The first thing most of us think about when the time comes to take out a mortgage on a new home is the interest rate. Dont Sell Your House--Ever! Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following: Home Ownership, Financial Freedom, and Benjamin Franklin 1. ON BENJAMIN FRANKLIN: How To Prepare For A BIG Pay-Off When You Sell Follow the steps below to get a higher price for your house: Is Vacation Rental Ownership Your Business Opportunity Its a dream Ive heard so many people express:"I want to run a bed and breakfast.They are so cute" Or "I want to own a vacation rental property, so I can get a free vacation and make money the rest of the year. Do You Need A Financial Planner No matter how much money you make, it pays to keep on top of money coming in and going out.Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense. Credit Damage: Getting Compensated for Your Loss Until recently lawyers for victims of credit damage had little possibility to collect for damages beyond medical treatment, lost wages and property loss. Insurance companies threw up their hands in sympathy, claiming victims can only be compensated for what can be measured — tangible goods and services. But, what happens when the victim has lost considerable time from work, the family bank is broke and monthly payments on mortgages, car loans and credit cards payments are missedRegardless of the haggling between lawyers and insurance companies, it’s the credit victim who ends up having to live with a bad credit rating. The Single Most Important Thing you Must Know if you Own a Home Dont ever, ever lose your job! What to do When AdSenseTM Serves the Wrong Ads The most common frustrations among AdSense publishers are 1 Google serving inappropriate ads on their web pages, 2 low click-through rates and 3 low payouts per click. This article discusses the first frustration, which is highly correlated with the other issues, and discusses what webmasters can do to combat it. How To Avoid Getting Scammed Listed below are some of the most popular and common scams: Start A Business For Under $100 There are a multitude of magazines and websites devoted to the sprit of Entrepreneurs, who by the way provide almost seventy percent of private sector jobs.The dream of almost every employee is to fire their boss, and start a business of their own.The best part about this dream is that it can be accomplished, and most ventures can be started for less than $100. Comparing The True Cost Of Obtaining A Home Loan Home buyers are often confused about where to begin in their search for a home loan.The process is usually narrowed down to finding which institutions provide the lowest settlement costs, but the different types of lending institutions and the variety of lending programs available can make the search a slow, difficult experience. Understanding the Importance of Mortgage Protection Life Insurance Your house is a big investment – probably one of the biggest you’re every likely to make. It is also the place that you and your loved ones call home; a shelter and haven from the outside world. That’s why it is so important to ensure that your home and family are protected in the event of your death. It’s not a topic that any of us like to dwell on, but the sad fact is that should you die and the family are no longer able to afford repayments on the house, they will lose the property and the roof from over their heads. |
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