Duration : 0:3:9
Duration : 0:3:9
In this ABC 2 News Investigation, Freedmont Mortgage’s CEO Carl Delmont explains the devistating effect Option ARM loans will have on your credit score.
Duration : 0:3:46
Interview with Pervenche Bères MEP
Duration : 0:4:45
Frank Garay Brian Stevens Kelly Tanner UWM Blog United Wholesale Mortgage blog.uwmco.com
Duration : 0:0:31
Your home ownership dreams can become a reality with Thomas L Holyfield and Service First Mortgage in Longview, Texas. A local company run by local folks, they give each and every client personalized attention, and stand by their side through every step of their mortgage process.
Visit us http://www.yellowpages.com/info-451988613/Service-First-Mortgage-Thomas-L-Holyfield?from=youtb
Duration : 0:1:13
Greedy lenders are any person that takes benefit of homeowners & their mortgages. Greedy lenders charge extreme fees for their services or force home owner to purchase products or services they do not need. You can save yourself problem & annoyance along with thousands of dollars by avoiding becoming a sufferer of greedy lending practices. Here are instructions to help you blemish a greedy mortgage lender. Extreme mortgage origination fees & points are one sign of greedy lending practices. Loan lenders try & disguise these fees by funding them as part of the mortgage. No closing cost loans are one instance of this type of scam. Finance lenders divert you with the fact that youll not have to give fees at closing; the lender then marks up the interest rate or staple fees onto the mortgage principal. Honest finance lenders usually charge around 1% of the mortgage amount for these fees. Greedy lenders charge as much as 6% or more. This is the reason youve to overpay thousands of ponds over the term of your loan. Excessive down payment penalties are one more sign of greedy lending practices. Most loans today dont charge down payment penalties. Many bad credit loans lenders add prepayment fine to their loan agreements. A number of of these penalties are the equivalent of 6 months of interest payments. These fees make significant income for sheltered mortgage lenders when the home owner refinances the loans. Loan broker bribes are another fee you must be wary of. Loan lenders will frequently give the points you give to the broker as a bonus. Some dealers refer loans at a higher interest rate in order to get a commission from the lender. These unnecessary fees as bribe to an untruthful mortgage broker can cost you hundreds of ponds. Any lender that necessitates a homeowner to buy services or insurance products for example life insurance to qualify for sanction is guilty of greedy lending practices. This comprises requiring the homeowner to agree to quarrel arbitration. Agreeing to adjudication limits homeowners lawful rights & favors the lender. Avoid any loan lender that necessitate dispute adjudication or necessitate you to buy additional services to be eligible. By humanizing yourself to identify pressure sales tactics & predatory lending practices you can defend yourself from becoming a sufferer. There are truthful mortgage lenders; though, you need to study the warning signs to avoid taking the mortgage help from dishonest lenders.
Duration : 0:3:56
Private mortgage insurance (PMI) tips & how it can determine how much house you can afford. Find out how in this video on buying a home.
Expert: Brett Staggs
Bio: Brett Staggs has been working in the mortgage industry for the past 6 years. He has worked for a title company, a credit reporting company, and two major banks.
Filmmaker: Dana Glover
Duration : 0:1:36
This lady, Peggy Joseph, thinks Barack Obama will pay for her gas, mortgage, and who knows what else.
Duration : 0:0:26
If you borrow money from a high street bank at a particular rate based on the BoE base rate, why then do the banks revert to a variable rate after a pre determined time? Surely mortgages taken out now at an agreed rate should be fixed for the duration of the mortgage, as the banks have effectively borrowed from the BoE the one time to finance the loan in the first place?
The banks set their rates by the LIBOR rate, not the base rate alone. The LIBOR rates, which stand for London Interbank Offered Rate, are benchmark interest rates for many adjustable rate mortgages, business loans, and financial instruments traded on global financial markets.
In the US, the majority of Mortgages are underwritten by government backed mortgage companies – Fannie May and Freddie Mac, this is one reason why 30 year fixed rate mortgages are the norm there, because they are effectively underwritten by the government.
In the UK, the banks have to base their mortgages on LIBOR rates as they underwrite the loans themselves, rather than having the government as a guarantor which can only be fixed for a much shorter period, hence you rarely see 25 year fixed rate mortgages in this country.
Life in the Carolinas host Carl White interviews Brian Endres of Home Mortgage Solutions about the mortgage outlook for 2011. You’ll be glad to hear some positive news about the housing and mortgage industry in the Carolinas as well as some tips for getting your next mortgage or for refinancing your existing mortgage.
Duration : 0:6:23