WHAT IS A MORTGAGE? http://www.e1loans.com/
A mortgage is a loan that is placed on the home you wish to buy, refinance, or construct, and is a long term commitment to a lender, whether it is a bank, credit union, or a mortgage lender. Most mortgages are 30 year terms, so you are in for the long haul when you take out a new mortgage.
The following list is the best resources you need to FIND A GREAT MORTGAGE. You should educate yourself, and evaluate many programs, before you make a decision. This list is my best advice to you, after years spent in the Mortgage industry. DON'T GET TAKEN IN BY FRAUD OR PREDATORY LENDERS. You can't afford not to get this information!
1. MORTGAGE LOAN APPROVAL CENTER: Your first stop for quick approvals and flexible programs.
2. BAD CREDIT MORTGAGE:
You can get a Mortgage even with bad credit- you just have to know where and how to look. Bad Credit Loan Sources.
3. STATED INCOME MORTGAGES: You can qualify for a mortgage loan with stated income: this is a loan product that works great for self employed customers, but even with a regular job you can qualify.
4. PURCHASE MORTGAGE: Finally, you can buy your dream home with affordable purchase programs, even No Money Down and 100% financing avaiable.
5. REFINANCE MORTGAGE: You can find a better deal for your current home, refinance and get a lower rate, shorter term, and generous CASH OUT available.
6. CONSTRUCTION LOAN: If you can't find your dream house, Build it instead! Qualify for a construction mortgage and you can commission a builder or do it yourself.
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MORTGAGE APPROVAL CENTER
MORTGAGE APPROVAL CENTER: http://www.e1loans.com/
1. GET THE INSIDE INFORMATION ON MORTGAGES:
Mortgage Secrets for Serious Investors- How to get the mortgage you deserve in a tuff market.
2. BAD CREDIT LOANS:
You can get a Mortgage even with bad credit- you just have to know where and how to look. Bad Credit Loan Sources.
3. EVERYTHING YOU KNOW IS WRONG- About Real Estate Investment!
4. GAURANTEED BAD CREDIT FINANCING:
Personal loans, business loans, credit cards and mortgages are all within your reach!
5. FREE GOVERNMENT GRANTS AND LOANS:
Could you use some FREE MONEY to Buy A House, Start a Business, or Get Student Loans?
Free money with loans, grants, and giveaways.
1. GET THE INSIDE INFORMATION ON MORTGAGES:
Mortgage Secrets for Serious Investors- How to get the mortgage you deserve in a tuff market.
2. BAD CREDIT LOANS:
You can get a Mortgage even with bad credit- you just have to know where and how to look. Bad Credit Loan Sources.
3. EVERYTHING YOU KNOW IS WRONG- About Real Estate Investment!
4. GAURANTEED BAD CREDIT FINANCING:
Personal loans, business loans, credit cards and mortgages are all within your reach!
5. FREE GOVERNMENT GRANTS AND LOANS:
Could you use some FREE MONEY to Buy A House, Start a Business, or Get Student Loans?
Free money with loans, grants, and giveaways.
STATED INCOME MORTGAGE LOANS
STATED INCOME LOANS
Stated Income Loans are mortgages that do not verify income like traditional mortgages do. With a Stated Income Loan, the customer can state how much they make per month on the application without having to back up that info with documentation. This type of loan is most useful for self employed customers, business owners, and any customer who has trouble documenting all thier income, such as waiters and people who earn large amounts of tips.
Stated Income Loans are mortgages that do not verify income like traditional mortgages do. With a Stated Income Loan, the customer can state how much they make per month on the application without having to back up that info with documentation. This type of loan is most useful for self employed customers, business owners, and any customer who has trouble documenting all thier income, such as waiters and people who earn large amounts of tips.
PURCHASE MORTGAGE LOANS
PURCHASE MORTGAGE
A Purchase Mortgage is a loan that you take out to purchase, or buy, a new home. Most mortgage lenders require a customer to put down 20% of the home's purchase price as a down payment. For example, if you are buying a house for $100,000.00, you would have to put a down payment of $20,000.00! Fortunately, there are many flexible programs that can help a buyer purchase a house with little or no money down:
- FHA purchase loans: 3% down programs.
- 100% purchase loans: many lenders have these loans available. Check state housing agencies
as well.
- Lease to Own: a small down payment can get you into a large home you can rent to own.
- Second Mortgages: many lenders offer 2 mortgages that can combine to cover the entire
purchase amount of the home.
A Purchase Mortgage is a loan that you take out to purchase, or buy, a new home. Most mortgage lenders require a customer to put down 20% of the home's purchase price as a down payment. For example, if you are buying a house for $100,000.00, you would have to put a down payment of $20,000.00! Fortunately, there are many flexible programs that can help a buyer purchase a house with little or no money down:
- FHA purchase loans: 3% down programs.
- 100% purchase loans: many lenders have these loans available. Check state housing agencies
as well.
- Lease to Own: a small down payment can get you into a large home you can rent to own.
- Second Mortgages: many lenders offer 2 mortgages that can combine to cover the entire
purchase amount of the home.
REFINANCE MORTGAGE
REFINANCE MORTGAGE LOAN
Refinancing is a great opportunity to move from an old mortgage at a high rate to a new mortgage at a lower rate. Rates are currently very low, and you can find great deals for mortgages at 15, 20, and 30 year terms.
Refinancing is also a good time to look at CASH OUT- use the equity of your home to get cash.
- Debt consolidation: payoff high rates loans and credit cards.
- Home Improvement: expand your home, build and addition, or a deck & fence.
Refinancing is a great opportunity to move from an old mortgage at a high rate to a new mortgage at a lower rate. Rates are currently very low, and you can find great deals for mortgages at 15, 20, and 30 year terms.
Refinancing is also a good time to look at CASH OUT- use the equity of your home to get cash.
- Debt consolidation: payoff high rates loans and credit cards.
- Home Improvement: expand your home, build and addition, or a deck & fence.
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