April 2010 Monthly Archive
April 29, 2010
Mortgage loans for bad credit have become more difficult to obtain due to the subprime lending practices that led to multiple bank failures. Individuals who want to buy a house should strive to improve their credit score by clearing old debts and staying current with other loan payments.
Individuals who feel they must enter into mortgage loans for bad credit should take time to review available options and creative financing strategies. These might include applying for home buying grants, entering into a lease-to-own real estate contract, applying for government sponsored home buying programs, or borrowing funds from a hard money lender.
April 26, 2010
One of the primary benefits of student loan consolidation is reduced monthly payments. Loan consolidation can be a smart choice for graduates with multiple loans, but careful consideration should be given. In some cases, interest can be higher than what students are paying on federal loans.
Another perk of student loan consolidation is borrowers only have one payment. This is particularly helpful for medical and law students who have several student loans. It can be difficult to manage four or more loan payments each month. Not only must graduates budget finances to accommodate different loan payments, they must also keep track of payment dates. Missing student loan payments can result in late fees and reflect poorly on credit reports
April 22, 2010 | Comments: 1
Bank of America Real Estate buying bank owned offers home buyers and real estate investors the opportunity to buy houses at reduced prices. While many people are concerned about buying distressed properties, bank owned real estate is relatively risk-free compared to bidding on properties through foreclosure auctions.
The Bank of America Real estate buying bank owned foreclosure list is comprised of both residential and commercial properties, as well as vacant land. Residential foreclosure homes include single family residences, condominiums, townhomes, mobile homes and multi-family dwellings.
April 19, 2010
The average rate of interest on high yield savings is currently hovering at a little over 1-percent. Unless you are able to deposit $100,000 or more, it will be difficult to obtain a decent return on investment. However, with an hour or so of online research, you can compare nationwide and local banks to determine which offers the highest annual percentage yield (APY).
The most trusted source for high yield savings comparison is BankRate.com. When comparing savings account providers it is important to look for FDIC insured banks with a minimum 3-star rating. The higher the rating, the less risk there is bank failure
April 15, 2010 | Comments: 1
Obtaining secured loans with bad credit can be considerably more difficult than if you have good credit. However, with research and perseverance borrowers can locate poor credit lenders willing to give them a second chance.
Secured loans require borrowers to utilize some form of valuable asset as collateral. Assets might include real estate properties, vacant land, motor vehicles, water craft, or business equipment. Depending on the circumstances, amount of required funds and type of collateral, banks may require bad credit borrowers to obtain a creditworthy co-signer.
April 12, 2010 | Comments: 3
College loan consolidation requires debtors to apply for a loan which pays off multiple student loans. Students who have private and federal education loans can sometimes benefit from consolidating multiple loans into one account. Loan consolidation not only eliminates the need to keep track of multiple payment dates, but can also reduce the amount of interest along with lowering monthly payments.
Before entering into college loan consolidation it is important to comparison shop. Debtors should strive to obtain the lowest possible interest rate. If students do not have a high FICO score or have poor credit, they may want to consider obtaining a co-signer. Otherwise, the interest charged against consolidated student loans can be substantially higher.
April 08, 2010 | Comments: 2
Foreclosure houses are appealing to first time home buyers and real estate investors because they can be purchased below market value. The majority of foreclosure properties sold through public auctions or lending institutions require repairs or renovations. However, most can be transformed into a great residence or investment property.
There are pros and cons to buying foreclosure houses. Individuals who have never purchased real estate through public auctions should take time to learn how the process works. Otherwise, bargain foreclosure properties can quickly turn into money pits.
April 05, 2010
Many people are electing to sell real estate note in order to break even on their investment. Others need to sell realty notes in order to obtain a lump sum of cash to pay off credit cards and outstanding debts or to fund the purchase of another investment property. Regardless of the reason, note holders need to follow legal protocol to protect their interest.
When note holders sell real estate note, both the buyer and seller are legally obligated to fulfill their end of the bargain. Before property transfer can occur both parties must submit required documents to the court to record the transfer. It is best to work with a real estate attorney to ensure all aspects of the realty contract adhere to federal, state and local laws.
April 01, 2010
Expired listings marketing provide new opportunities for real estate professionals. By locating expired realty listings, investors and real estate agents can tap into a group of homeowners who are ready and willing to sell their property. However, attaining a successful outcome requires a solid marketing plan with carefully thought-out strategies.
The first element of expired listings marketing involves getting inside the mindset of prospective clients. Many homeowners are filled with angst if their property has been on the market for months or years and not yet sold.