Archive for November, 2008

Getting a Colorado Mortgage Rate Quote

Friday, November 28th, 2008

1st American Mortgage asked: If you are looking for a Colorado mortgage rate quote for a Colorado mortgage loan, then there are many places to go. Of course there are many ads for different Colorado mortgage lenders that are based in the state and around the country. But for a ...

When Choosing Your Mortgage ‘ Consider This

Tuesday, November 25th, 2008

Jerry Figueroa Lee asked: When comparing mortgages there are various factors to be taken into consideration. This article covers the following mortgage specific considerations, with more to follow in part two onwards. - Total Cost Calculation - Overall APR - Arrangement fees - Portability - Early Repayment Charge - Term of mortgage / Age of borrower Total ...

Where can I find others’ opinions on reputable mortgage companies?

Tuesday, November 25th, 2008

skategirl asked: We are looking to refinance our mortgage. We had a bad experience with a mortgage broker the first time around. Aside from the BBB, are there any websites where I can find others' opinions/experiences with mortgage companies? Having received some offers already, there are a few which ...

If Mortgage Rates Can Fall Through the "floor" of the Prime Rate.what Else is Under the Floor?

Friday, November 21st, 2008

The House Team Of Mortgage Intellingence asked: "Lower than prime," you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible "floor" of lending rates. The very best customers can get very close to ...

Glossary of common terms used during the mortgage process.

Tuesday, November 18th, 2008

Michael Challiner asked: APR - This stands for Annual Percentage Rate. It enables you to compare the full cost of the mortgage. Rather than just being an interest rate, it includes up front and ongoing costs of taking out a mortgage. The formula for calculating APR is set by Government ...

What Lenders Look For: Good Credit Improves your Mortgage Negotiations

Monday, November 17th, 2008

The House Team Of Mortgage Intellingence asked: Contrary to what you may think, you don't manage your credit applications and payments in a vacuum. Your credit behavior (as some have learned the hard way) is tracked by credit bureaus such as Equifax Canada and TransUnion of Canada. This information is ...

Homeowners are Taking Out Mortgages - not to Purchase a Home - But to Boost Their Purchasing Power

Sunday, November 16th, 2008

The House Team Of Mortgage Intellingence asked: Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 "bubble" in many areas of the country. That's good news for ...

Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?

Wednesday, November 12th, 2008

cookingmomma asked: If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished - does the existing second mortgage put a monkey-wrench in refinancing the first?Mary

How do i find a job as a mortgage loan officer without any mortgage experience?

Tuesday, November 11th, 2008

dre_gh asked: I currently work in a distribution center, and i have a bachelors in economics and psychology. I am interested in becoming a mortgage loan officer so i took a 24 credit hour course in residential mortgage lending but unfortunately i haven't been able to find a job because ...

What is the best mortgage to go for in London banks?

Thursday, November 6th, 2008

Gem asked: I am a first time house buyer and need to find a mortgage wihtin the next 16 weeks. I would like to know what banks are doing the best mortgage deals at the moment, can anyone help?Adrian