Mortgage lenders

Decent Essays
Improved Essays
Superior Essays
Great Essays
Brilliant Essays
    Page 5 of 50 - About 500 Essays
  • Great Essays

    1980s Housing Crisis

    • 1800 Words
    • 8 Pages

    It is true, that the United States Housing Market can be “unpredictable, volatile and cyclical.” I believe it is crucial to familiarize ourselves with the past mistakes so that we can set up precautions and measures to ensure that another housing disaster does not occur. In the 1980s, we were faced with what was called the Savings and Loan Crisis. According to Kenneth J. Robinson, author of his article, Savings and Loan Crisis, “In the 1980s, the financial sector suffered through a period of…

    • 1800 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    finance your improvements, it is helpful to be familiar with the options that are commonly available. Essentially, there are several basic approaches. -Securing a second mortgage on your home by borrowing against the equity you have built up in it. -Taking out an unsecured home improvement loan -Refinancing your current first mortgage loan. Deciding which option is best for you depends on a number of factors, ranging from the size of your borrowing needs to the repayment options of the loan…

    • 1911 Words
    • 8 Pages
    Improved Essays
  • Superior Essays

    occurred in 2008, many banks and lenders began to clamp down on the mortgage qualification process. Prior to the great recession, it was easy for borrowers to qualify for no down payment home loans and 100 percent financing. Today, the tide has drastically changed and loans with no down payment requirements are hard to come by. However, it is not impossible to find a lender willing to finance an entire loan without a down payment. Low and No Money Down Mortgages It is a common misconception…

    • 610 Words
    • 3 Pages
    Superior Essays
  • Decent Essays

    simplify your mortgage shopping experience is to obtain a prequalification using a mortgage broker. A prequalification is one of the first steps in the mortgage approval process, and it usually involves answering some basic questions about your ability to repay any financing. Prequalification vs. Preapproval However, getting prequalified for a mortgage and receiving a preapproval from a lender are two different steps in the process. A prequalification involves you and your mortgage broker…

    • 317 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    2008 Mortgage Crisis

    • 990 Words
    • 4 Pages

    caused by the subprime mortgage crisis. “A mortgage is a debt instrument, secured by the collateral of a specified real estate property, which the borrower is obliged to pay back over a set period of time” (Investopedia). As a mortgage is a type of debt, banks only provided mortgages to customers with a good credit score in order to reduce the risk of not being repaid. However, in cases where banks provided a mortgage to customers with poor credit scores, they charged…

    • 990 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The “mortgage meltdown” came to the public’s attention when a sharp rise in home foreclosures in 2006 spiraled out of control in 2007, triggering a financial crisis that went global in only one year. Consumers started to spend less, the housing market plummeted, foreclosures had risen and the stock market had been shaken. The subprime mortgage crisis was a terrible incident with many valuable lessons for the future of our economy. “The practice of lending money to people with a weak or…

    • 858 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    2007 Economic Crisis

    • 404 Words
    • 2 Pages

    1). Many economists consider the crisis of 2007-2009 to be the worst financial crisis since the Great Depression. The housing market crash of 2007 was one of the major significant causes of this financial crisis. Between the period of 1995-1999, the housing market had a slow, but continuous growth. Once the stock market crash in 2000, most shareholders removed their money from stocks and put it into housing. The Federal Reserve endorsed the housing market to help create wealth and to assist in…

    • 404 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    How Reverse Mortgages Work: Calculate Your Reverse Mortgage and Decide What Best Suits You There are two basic considerations before one can qualify for a reverse mortgage. First, he/she should be at least 62 years old. Secondly, this individual needs to own a home which he/she is expected to live in. Furthermore, he/she is required to receive client information from counseling services that are Federal-approved before receiving the mortgage loan. An online reverse mortgage calculator lets you…

    • 1413 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    If you are a first-time homebuyer and a veteran, the VA allows you to obtain a mortgage for new construction. However, many veterans are unaware that the VA does not provide the actual loan. Instead, the VA insures the loan with banks and mortgage lenders in the event you default on your mortgage. Therefore, you must find a lender who is willing to approve you for a construction loan. A Closer Look at VA Construction Loans The Department of Veterans Affairs states you can use a VA-backed…

    • 518 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    the offer is accepted you have to go into escrow. What will escrow holder do? The escrow holder will work to ensure that all of your money, documents and other fundamental data is together. Escrow is set up to protect the seller, the buyer and the lender. Normally it takes time to finish escrow, in spite of the fact that the time truly depends on the circumstances around your…

    • 1085 Words
    • 5 Pages
    Improved Essays
  • Page 1 2 3 4 5 6 7 8 9 50