Insurance: Michigan Government Mortgage Assistance Programs

Michigan Government Mortgage Assistance Programs

Financing help for Michigan real estate.home sweet home image by David Dorner from Fotolia.comThe Michigan State Housing Development Authority (MSHDA) offers a number of assistance programs for those looking to buy homes and those who already have homes but are struggling to keep them....

Insurance: Reasons to Refinance Your Reverse Mortgage

Reasons to Refinance Your Reverse Mortgage

For seniors who already have a reverse mortgage but need additional funds it can be worthwhile to refinance the existing loan rather than go into debt by borrowing money. It is even more advantageous if ...

Insurance: Cool Mortgage Tips

Cool Mortgage Tips

The mortgage on your primary residence is one of the most expensive purchases you will ever make. With interest expenses that can exceed the amount of the original mortgage, you need all of the help that you can get. Here are some cool tips that will make it easier to manage your mortgage, and save

Insurance: An Overview of Mis Sold Mortgages

An Overview of Mis Sold Mortgages

You have might have heard about the professional malpractice. Believe me or not this is similar to the mis sold mortgages where an individual has to use his or her financial debt instruments in order

Insurance: Does It Make Sense to Lock a Variable Mortgage?

Does It Make Sense to Lock a Variable Mortgage?

With a fixed mortgage, the rate of interest you pay stays the same for the length of the fixed period you sign up for irrespective of what happens to the Federal Reserve base rate. While fixing your mortgage may offer you security against future interest rate rises, it could end up costing you if ra

Insurance: Five Facts About Mortgage Underwriting Services

Five Facts About Mortgage Underwriting Services

The moment you decide to buy a house, we start looking out for mortgage processing firms and all of a sudden mortgage underwriting services becomes the need of the hour.

Insurance: Invest Your Money in Property - Jaipur

Invest Your Money in Property - Jaipur

Jaipur is often called as the pink city. Jaipur is always famous at the time of ancient that give you a different feeling as if you have entered the era of kings and queens. You ...

Insurance: How Obama' s Stimulus Plan Can Help You Keep Your Home

How Obama' s Stimulus Plan Can Help You Keep Your Home

Many Americans these days are currently facing the tough reality that they are unable to continue to pay for their home. I see this first hand every day. By working in the banking industry, I am well aware of the current housing crisis and the credit crunch that so many are facing. Many customers ar

Insurance: 3 Steps To Getting A Bad Credit Mortgage

3 Steps To Getting A Bad Credit Mortgage

Need a bad credit mortgage, but not sure how to get one? Follow these three steps to mortgage success.1. Find a good advisorMost mortgages for people with poor credit ratings are only available through specialist mortgage advisors. Finding the right advisor is key to finding a good mortgage product.

Insurance: Mortgage Qualifying Criteria

Mortgage Qualifying Criteria

Home buyers who need to obtain a mortgage to finance the purchase of a home need to meet a number of qualifications before the lender will approve a loan. The same is true for homeowners who want to refinance an existing mortgage. These qualifications are intended to ensure that the borrower is cred

Insurance: Can You Have Savings & Still Qualify for a Mortgage Modification?

Can You Have Savings & Still Qualify for a Mortgage Modification?

If you're struggling to pay your home loan each month, you can turn to your mortgage lender or bank for relief by requesting a mortgage modification. Under a modification, your lender can take several steps to lower your monthly payments to a level you can afford. Perhaps you're worried, however, be

Insurance: What Is an Escrow Number?

What Is an Escrow Number?

An escrow number is simply the identifying number the escrow company assigns to your real estate transaction. Your lender, real estate agent or other parties involved with your escrow process use this number to identify the correct account. For example, it is possible to have two or more escrows ope

Insurance: What Does MIP Mean for Reverse Mortgage?

What Does MIP Mean for Reverse Mortgage?

In the context of reverse mortgages, "MIP" stands for "mortgage insurance premium," a government-imposed charge that helps guarantee that the terms of the reverse mortgage will be met. But unlike standard mortgage insurance, which protects a lender in case the borrower defaults on the loan, reverse-