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Posts Tagged ‘home loan’

David Leahey, Founder of Mansfield Mortgage Professionals in Essex Junction, Vermont, discusses current mortgage myths, as well as loan programs such as 100% financing through the USDA Rural Housing, VA, and also the FHA loan program. www.MMPVT.com Mansfield Mortgage Professionals 1-877-757-2540 Essex Junction VT 05452

Why did America bail out the banks mortgage when they were making 2 to 3 x the total amount of the loan?

If it was a 0,000. dollar loan the insurance paid the bank 0,000 to 0,000.

Why did America go into debt to "save" this money making scheme?

Do you feel robbed? or ripped off?

Foreclosure info from LPS details banks getting paid 2-3x for the foreclosure

LPS, short for Fidelity’s Lender Process Services is the nations largest insurance & foreclosure tracking servicing and is used by many banks to handle the nitty gritty details involved in managing your home loan – specifically how to maximize profits for the bank at the homeowner’s expense AND to clean up any troublesome title issues related to cleanly foreclosing on your home by a lender who is TOTALLY DIFFERENT from the one whom you started AND different from the lender named in the recorded documents living in the property records.

My favorite rip-off is the banks’ plan to insure your home month by month when they intend to foreclose (and add it to your bill) but not naming you in the policy so you reap no reward.

Think of it this way. The bank takes out insurance to pay off your loan if they have to foreclose. They foreclose, collect the insurance money, SELL YOUR HOUSE keeping that money, and then SUE YOU FOR THE DEFICIENCY between what you “owed” and what they got at the foreclosure auction! Nothing like trying to collect three times!!

Sweet deal for the bank. Sour for the homeowner.

http://homesolutioncounselors.com/foreclosure-info-from-lps-details-banks-getting-paid-2-3x-for-your-foreclosure

www.realcase.com Choosing loan consolidation is a step in the right direction.Instead of worrying about numerous payments each month, you can start making one low monthly payment towards all your debt, freeing you up for home repairs, vacations, and lots of fun expenses. You don’t have to live on bread and water to pay down your debt, especially when you have a consolidation agreement on your side. But you need to learn the details about these arrangements before you sign up so that you understand what benefits you can expect and what will be expected of you. When looking at or discussing a debt consolidation home loan; it pays to do some careful research and seek help and independent advice from trusted professionals. Nearly everyone is at risk for debt these days. With the decline in the economy, no matter where your finances are right now, they are at risk for trouble. If you have credit cards, loans, a mortgage, or any other financial obligation, you need to make sure you are able to continue paying off these debts. Even if you’re pretty secure in your job right now, who knows what will happen down the road in days to come?

My fiance and I are trying to buy a house. But no where will give us a loan because he has such horrible credit. Will getting a debt consolidation loan help his credit enough to be able to get a home loan?
Also the things that are bad on his credit are all in collections if that makes a difference.

I work for an all around financial services company. I offer life, car, & home insurance. I also refinance mortgages without starting people back over at 30 years, get people approved for a purchase of a home loan, debt consolidations, planning for retirement & college savings, as well as offer an oppurtunity for a career with my company. I want to sum all of that up on a car door magnet. Help Please!!!

www.MortgageHelpLosAngeles.com. Before sub-prime mortgages, where consumers interested in getting reasonable interest rates on loans with small down payments, marginal credit scores, and high payment to income ratios were able to get funding, there was the FHA. The FHA was set up to help those with more difficult loans get insurance for the payments, so that lenders would be willing to fund the loans. Bill Rayman is a very successful Los Angeles Based Mortgage Broker who can help you find the perfect approach to maximizing your goals in home purchases, refinances, or investments in property. This video explains the details of FHA financing. To reach Bill Rayman, call him at 310-295-2900 ext 113. Visit his blog at www.mortgagelosangeles.blogspot.com

What effect will it have if I get a debt consolidation loan. I am not in any financial trouble but I am tired of just paying multiple collectors each month. Will this have any effect on my credit score or cause any problem in the future when I try to purchase a home. I have hear that it can cause problems like that and can make it difficult to get a home loan…..Does anyone have any personal experiences with doing this??