Mortgage lenders

What is a Realtor's commission? A realtor's commission is the fee agreed to in turn for their help in assisting home-buyers or sellers during a real estate transaction. The commission is decided upon by services to be rendered and depending upon the amount of work and market conditions. If you choose to employ both a listing and selling broker this commission is roughly split between the two parties. If you choose to buy or sell a home and employ a real estate agent, an important factor to…

Maximum Rate of Interest on Loans, Including Mortgages Upon receiving a written request for relief and a copy of a servicemember’s military orders, the Bank, for the duration of the servicemember’s military service, reduce the interest rate on debts incurred by the servicemember, or a servicemember and spouse jointly, before entry into military service to no more than 6% per year. (This applies to the individual servicemember’s debt or joint debt with a spouse.) Procedures: Upon receipt of…

Filing for Chapter 13 bankruptcy is a major decision – one that will impact your future for years to come. Though bankruptcy certainly has its share of benefits, it’s essential you obtain a basic understanding of the process prior to filing. In the following entry, a bankruptcy attorney from Sam Turco Law Offices outlines a few common Chapter 13 bankruptcy FAQs. Chapter 13 Bankruptcy FAQs What Is Chapter 13 Bankruptcy? Chapter 13 bankruptcy allows you to repay a portion or all of your debts…

benefit from having good credit: Easier To Get A Loan Or Credit Card Many people are afraid to apply for a loan or credit card because they believe that they will get turned down for having a bad credit score. There are many other factors that lenders take into consideration before they decide to approve you for a loan or credit card, including your total debt and income. However, if you have an excellent credit score, then you will be much more likely to get approved. Better Interest Rates…

Renting during an IVA One of the main concerns for anyone entering an IVA is what will happen to their home – whether that’s their own home or a rented property. You will find answers to the most common questions we get asked whether people can rent a property during an IVA below. Will an IVA affect my current rent contract? An IVA shouldn’t affect your current rent contract but we recommend you check your contract just in case there is a clause to say you can’t be insolvent while residing at…

Curb appeal is something homeowners typically only think of when they go to sell their home, yet this is a mistake. Remember the old saying about only have one opportunity to make a first impression, and think about what a home lacking curb appeal says to guests and visitors. Does it suggest the owner is lazy and doesn't care about his or her home? Some may think the person is very busy, yet others may think the owners don't have the money to make improvements. A large part of curb appeal…

Years ago when the real estate market crashed many Americans were effected. Not only people looking for homes but also people that had a job relating to this field. It started making many Americans second-guess their jobs or their life goals. There were also people trying to make money and sell their homes but were not able to because no one was willing to buy. During this time my family was one of the many looking to buy a house and we were put off due to the impact of the crash. While all of…

Geithner and Bernanke amid the Global Financial Crisis details the negative effects of the 2008 financial crisis and how The Federal Reserve and the Federal government took action in order to prevent further domestic economic turmoil and strife. Between the years of 2007- 2008 the United States fell into an economic recession which almost caused the entire financial institution to crumble down. It was the worst economic disaster since the Great Depression. The negative effects were present both…

The housing market, devastating of the twentieth century, which is called a housing bubble is a metaphor. The housing market is much more than a “bubble.” Many economists and financial analysis blame Congress for pushing lenders to approve loans for people who could not buy homes in the current market, which start occurring in the early 2000s. The collapse of the housing market was not in the hands of a single entity, but by greed. The Government, such as Freddie Mac, Fannie Mae, banks,…

lived the dream. Feeling the pride of ownership, having a place to raise a family, create memories and receive tax benefits. Then the day comes the economy takes a downfall, and people start to lose their jobs. Cash becomes low, not enough to pay the mortgage on the house, and then the home is foreclosed. Taken away by the banks, losing the benefits of owning a home, and forced to waste money on a rental. Wondering if there is hope of ever owning a home again. Painting walls, adding new…