Mortgage

A wise person once said that “money makes the world go around,” but there also must be people in charge of helping the money flow. When I was in middle school I first heard the words credit, mortgage and it was also the time I came across a TV network called HGTV. I knew that one day I wanted to educate people about maintaining good credit, so that I could one day put them in their dream home. To become a successful Real Estate Agent has always driven me in picking my college major. After doing…

When looking at homes, one could rent rather than taking out a mortgage. On the other hand if the home has a good chance of increasing in value it might make sense to invest in owning the home via a mortgage. The other thing to consider would be the interest rates attached to the loan. It would be a good idea to factor in the cost of interest, taxes, insurance and appreciation/depreciation…

Rent to Own 101 For most of us, buying a house requires a mortgage. To qualify for a mortgage, potential buyers need to have an approved credit score and a good chunk of change for down payment. Without these, buying a home might not be possible. However, we offer an alternative—rent to own. Rent to own is a way of getting you into the house of your dreams while working on a down payment and improving your credit score. So how does it work? What terms should you be aware of? Option Fee In…

In “What Dives Credit Card Debt?” Amy Traub informs us about the amount of debt in America. The United States have about $854 billion in credit card debt. Researchers did a study on the household of the states which had about 1,997 people. The researchers found that people who have debt has no health coverage or a lack of. This means if your insurance is not that good you have to pay for the remaining which you would use a credit card. Another way is losing your job that means you cannot pay…

400 × 300 Caption Short-sale buyers purchase homes for less than the mortgage balances on the homes. Alternate Text Group If you're in the market for a new home, a short sale can provide a nice home for an even nicer price. Short sales have a well-earned reputation for being lengthy, however. If you're interested in purchasing a home through a short sale, prepare yourself for a long wait between making an offer and closing the deal. Know too that some deals will fall through and never make it…

anything worth having is worth working hard for. The loan officer and applicant will have to put in the necessary labor to make beneficial loans. Getting individuals in homes at prices they can afford and only giving loans for reasonable amounts allows mortgage companies to create great opportunities for individuals trying to purchase homes. Education needs to be enforced of the tax benefit of ownership and the equity that comes with home loans. As long as the homeowner can see some benefits,…

Table of Contents Introduction 3 Project Scope Statement 3 Work Breakdown Structure 5 Risk Response Planning 5 Qualitative Risk Analysis 5-15 Introduction: This project is for the conversion of Providence Mortgage Company from its current Business communications provider over to Horizon Telecom. We Horizon Telecom will be working to convert the four main sites A,B,C,D over to our systems with a full support of data backbone, and VoIP phones systems. In this report I will be covering…

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…

getting the credit score you need to buy a house. Amounts Owed. When you owe a significant amount of money to creditors, it’s very likely you may be considered a credit risk, which can reduce your credit score. It’s important to keep in mind that most mortgage companies expect you to utilize only a third of the credit extended to you to be deemed a good credit…

This letter is in response to your correspondence received by Guild Mortgage Company (“Guild”) on November 29, 2016. Thank you for the opportunity to review and address your concerns. In your correspondence you express disappointment with the misinformation received and felt you were mislead. Additionally, you express concerns that the interest rate increased from the initial rate you were quoted. Also, you mentioned you did not understand process of how the discount points were charged. We…