Welcome to Mortgage Guide
Online Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Strategies to Help You Get a Home Mortgage
from:You’ve heard it’s tough getting a home mortgage today, and that’s true. However, the formula for getting approval isn’t too difficult to understand and there are strategies to help you eventually get a home mortgage eventually. You just have to follow the same guidelines that the mortgage brokers will use to determine your creditworthiness to decide whether it’s time to apply for a mortgage. Even if you are turned down, what you learn from the experience will eventually help you qualify later. And, as the credit market eases in panic, you may even find yourself in a great position to buy a low-priced, quality, home with just the right qualifications the lenders are looking for in a borrower.
Your Credit Reports
If you haven’t checked your credit reports in years, do so before you apply for a home mortgage. There are three major credit bureaus that you will need to ask for a copy of your credit report: Equifax, TransUnion, and Experian. You will need to ask for a copy from each of these credit bureaus, as the information is not common between all of them. Some may have entries that others don’t and the key is to clear up all your credit reports so that your credit is sparkling clean by the time you apply for a home mortgage.
Once you receive your credit reports, check out any inconsistencies on it that might be disputed and then dispute them. You won’t get your actual FICO score when you get a free credit report, for that you have to pay. This is actually well worth paying for as the new FICO score that lenders are looking for is anything above 720. The higher your score about this number, the more leverage you have for scoring a low interest rate and favorable home mortgage terms.
Seek Home Ownership Programs
If you aren’t able to qualify for a loan right now there are agencies set up to help low-income people qualify for a home by educating them on the entire process. You will want to check out if you are eligible to participate in any home mortgage and ownership classes to help you resolve issues way ahead of time. Places to find such programs include the Department of Housing and Urban Development and your state’s Housing Finance Agency. Also check out your local yellow pages, but be aware to check the credential of any program with the state agencies so that you don’t end up being defrauded. Other issues that can be discussed in these programs are your income level, your level of debt, and your reasons for buying a home.
Online Mortgage News
Costco members can now shop for mortgages online - Chicago Tribune
 Chicago Tribune | Costco members can now shop for mortgages online Chicago Tribune Mortgages? Well, not exactly. The company is receiving a fair amount of publicity for the rollout on its website of a home purchase and refinancing mortgage product for members. But technically it's not Costco's program. It's an online mortgage ... |
Half of metro Atlanta mortgages underwater - Atlanta Journal Constitution
 Los Angeles Times | Half of metro Atlanta mortgages underwater Atlanta Journal Constitution By Christopher Quinn More than half of homeowners with a mortgage in metro Atlanta owe more than the house is worth, a new report says. Hyosub Shin, hshin@ajc.com Zillow, the online real estate data and search firm, analyzed 35 million mortgages, ... Cities with the Most Homes Underwater Seattle area homeowners less likely to be deadbeats Half of Metro Atlanta Mortgagees Underwater |
Mortgage Rates: Low Mortgage Rates Attracting Borrowers to Mortgage Refinances - FreeRateUpdate.com
 e-wisdom.com | Mortgage Rates: Low Mortgage Rates Attracting Borrowers to Mortgage Refinances FreeRateUpdate.com Of this amount, 76% of these applications were for mortgage refinances with 28% of them accounting for HARP. With the convenience and ease of an online inquiry for any type of mortgage, it is no surprise that mortgage applications are on the rise ... Bankrate: Mortgage Rates Hold at Record Lows |
BUSINESS BRIEFCASE: F&M Mortgage receives awards for quality, development ... - The Daily News Journal
BUSINESS BRIEFCASE: F&M Mortgage receives awards for quality, development ... The Daily News Journal MURFREESBORO – The Tennessee Housing Development Agency has recognized F&M Mortgage as one of its top five lenders statewide for the second year in a row. In addition, the USDA Rural Development has recognized the organization with its Premier Lender ... |
Bank of America's Interactive Home Loan Planner Shines Light on the Mortgage ... - EON: Enhanced Online News (press release)
Bank of America's Interactive Home Loan Planner Shines Light on the Mortgage ... EON: Enhanced Online News (press release) (EON: Enhanced Online News)--Bank of America announced the launch of its online Home Loan Planner, an interactive tool created to help customers better understand the home loan process. An integral part of the company's award-winning Home Loan Guide, ... |