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50 Year Mortgage Article
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Strategies to Help You Get a Home Mortgage
from: Deb St. George - HomelessInKingCounty.comYou’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.
50 Year Mortgage News
KBank offers new 50-year mortgage - Chicago Tribune
KBank offers new 50-year mortgage Chicago Tribune Competition in the mortgage market is heating up as Kasikornbank (KBank) offers the industry's longest mortgage instalment of 50 years. KBank is looking to penetrate the lower-income segment of customers earning 16300 baht a month, down from its ... |
Mortgage customers eyeing long-term benefits, not just short-term zero rate - The Nation
Mortgage customers eyeing long-term benefits, not just short-term zero rate The Nation The bank targets drawing new loans of Bt1 billion per month, while outstanding loans this year are expected to reach Bt55 billion. Kasikornbank, the lender offering the longest loan period - a 50-year mortgage - expects the campaign to draw the ... |
Foreclosure filings up in Philadelphia region - Philadelphia Inquirer
 ABC News | Foreclosure filings up in Philadelphia region Philadelphia Inquirer Pennsylvania filings are about 4 percent above March and almost 17 percent higher than a year ago. Despite the increases, the state remains 28th among the 50 states in the number of filings, about where it has been during the five-year foreclosure ... Foreclosures Reach 5-Year Low Foreclosures fall to lowest level since 2007 Foreclosure Activity Shifts Eastward; Non-Judicial States Twice As Fast |
Bankrate: Mortgage Rates Set 4th New Record in a Row - Sacramento Bee
Bankrate: Mortgage Rates Set 4th New Record in a Row Sacramento Bee By Bankrate, Inc. NEW YORK, May 16, 2012 -- /PRNewswire/ -- Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped ... |
KBank offers new 50-year mortgage - Bangkok Post
KBank offers new 50-year mortgage Bangkok Post Competition in the mortgage market is heating up as Kasikornbank (KBank) offers the industry's longest mortgage instalment of 50 years. KBank is looking to penetrate the lower-income segment of customers earning 16300 baht a month, down from its ... Thai Bank Offers 50-Year Mortgage |
Mortgage Assistance Workshop - KLAS-TV
Mortgage Assistance Workshop KLAS-TV Malone admits, during the bad old days, he was the guy who madeMore>> A central figure in the biggest political corruption scandal of the past 50 years is finally talking. Former Clark County Commissioner Lance Malone went to prison in 2006. |
Bankrate: Mortgage Rates Set 4th New Record in a Row - MarketWatch (press release)
 Daily Mail | Bankrate: Mortgage Rates Set 4th New Record in a Row MarketWatch (press release) NEW YORK, May 16, 2012 /PRNewswire via COMTEX/ -- Mortgage rates fell for the seventh time in the past eight weeks and set a new record for the fourth consecutive week. The average rate on the benchmark 30-year fixed mortgage rate dropped below the 4 ... Westpac Cuts 1-Year and 3-Year Fixed-Rate Loans Westpac slashes its fixed loan interest rates |