Mortgage Atlanta

Learning how to get mortgage loans for bad credit is simpler then you may think. Using the information I am going to present here will help and you will learn how to clean bad credit also. If you are actively seeking a home or thinking about it and are unsure if you’ll be able to get a mortgage loan then you may want to go to a lender who specializes in mortgage loans for lousy credit. Before you apply there are a few things you should be prepared to show them, that you will be able to make your payment and be able to give a reasonable explanation into why you have bad credit and that Read More

Most of us are very familiar with the term “rent to own”. Places such as Prime Time and Rent A Center have built an empire with rent to own merchandise, although the buyer normally ends up paying double what the merchandise is actually worth. While this may be great for those who have bad credit, most of us prefer to avoid going this route. Homes are no exception, especially if you are buying a home on a rent to own basis. Even though rent to own may be good for a short period of time, it proves to be an expensive way for someone to buy something they intend to keep. Rent to Read More

Buying a home usually means taking a home loan or mortgage. As a person who is in control of their finances you need to compare all the options as well as costs involved in obtaining a mortgage. You could save thousands of dollars just by undertaking intelligent comparison shopping and negotiations. The first step is to detail all costs. The next is to obtain information from several lenders, thrift institutions, banks, mortgage companies, as well as credit unions. If need be, hire a mortgage broker who will complete all the details for you. Since they work in the field they have at their Read More

With all of the foreclosures and bankruptcies that are being triggered by the subprime mortgage crisis why don’t lenders just put all of these homeowners in better loans? We are asked this question on our mortgage blog quite often. It’s a reasonable question too. If it’s the bad loans that are causing the problems wouldn’t be cheaper for the lenders to just bite the bullet and fix the bad mortgages? Meaning, wouldn’t it cost banks less money to lower interest rates and fix adjustable rate mortgages on their loans than the billions they are losing from Read More

Mortgage loans after foreclosure can seem like an impossible dream if you are not long away from losing your home to foreclosure. Many people believe they are somehow not able to ever own their own home again and will never be able to enter the real estate market again. The truth however could not be more different. Many lenders seem to now be taking a view that people do learn from their mistakes and that someone who has previously lost their home will have learnt from their mistakes and will be less likely to get into the same situation again. This is a key point. If you want to get a Read More

Atlanta Homebuyers, did you know that you can buy a home even while you are in Bankruptcy? Unlike a chapter 7 Bankruptcy, lenders require a chapter 7 to be at least least two years before you can buy a home. A Chapter 13 Bankruptcy (repayment plan) does not have to be discharged and you can buy a new or a resale home as long as you have been in the Chapter 13 Bankruptcy for at least 12 months and your chapter 13 payments have been made on time for at least one full year. Lenders like to see that you have re-established credit while in the Chapter 13. However if you have not re-established Read More

As the dust starts to settle from recent corrective action in the housing market, one thing has become readily apparent. Home prices are moving out of speculative heights and back into the realm of reality, opening up the market for average buyers who had in recent times found themselves priced out of the market. Those who, in the face of inflated prices, decided to postpone a home purchase have better options today, not only in the housing market, but also in the mortgage and lending industries. Falling home prices have been in the news for months. That is certainly bad news for those who Read More

So changing circumstances can adversely effect your ability to service the loan. It must also be realized that although you may wish to consolidate unsecured debt for example credit cards and loans you will be placing unsecured debt on to a secured loan. A typical example might be where 95% of the mortgage consists of a secured loan on the property and the rest, the extra 30 % is an unsecured loan. The two amounts will normally be at the same rate which could be for example fixed or variable and both will run the same term. Some terms may stretch to 35 years long. The advantage of a long Read More

If you are a senior citizen over the age of 60, and you own a home, I’m willing to bet you’ve been hearing about reverse mortgage loans lately. But why is this lending option so popular among seniors lately, and how does it work anyway? Let’s take a look. What is a Reverse Mortgage Anyway? It’s a type of loan that is made against that value of your home. In this way, it’s similar to a home equity loan. But the similarities end there. With a reverse mortgage, the borrower does not have to pay the loan back for as long as they live in the home. So in essence, Read More

With fears and concerns growing over the environment and global warming, many people are opting to go green these days. Especially in the real estate business, greening your home can be another great selling point to potential buyers. Here’s a way to green your home without spending a lot of green: Green Water Heater- Did you know that hot water accounts for up to 13% of your typical utility bill? There are two very simple ways to potentially save energy, lower bills, and save the environment. Wrap your hot water heater with a layer of insulation. For a nominal cost of $15 you can Read More