Buying your first house and obtaining a mortgage can be overwhelming and even confusing. Check out this video to learn the basics about a mortgage and get some tips about the process.
Duration : 0:2:8
As the founder of Bello Mortgage, let my 11 years of experience and hundreds of resources find the best mortgage for you.
For Installment 3, I will be going over what you should know about Mortgage Penalties (ie. if you want to switch mortgages to take advantage of a lower rate) and a look at some examples.
Free Legals, Appraisals & Bonus Offer if you state you found Bello Mortgage through YouTube.
For more information or to receive our Free Newsletters, visit:
http://www.mortgagespecialist.ca
or call:
604.303.9000 and talk to Pedro today!
Duration : 0:6:27
VISIT FOR MORE http://the-home-mortgage.blogspot.com
Tips Home Mortgage, Home Mortgage, Home Mortgage Benefits,The Best Home Loan, Refinance Home Mortgage, Refinance Second Mortgage, Home Equity Loan, The Best Home Mortgage , Mortgage Rate, Bad Credit Loan
Duration : 0:9:58
Mortgage Expert Dan ‘the mortgageman’ Foster explains the risks of Negative Amoritization Loans and why the 1% Interest Rate offers that fill your mailbox are not what they seem – BUYER BEWARE – Originally broadcast live on Good Day Sacramento
Duration : 0:6:22
Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To http://RealEstateMarketingThisWeek.com
Part 7 (Excerpt)
Beware of grandiose claims when dealing with a loan modification firm.
You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. So they really understand what this means to them. You have three strategic partners, each of them experts in their field, sitting around these microphones in the studio talking about how these factors have an impact on the listening public, the people listening to this station right now.
Velocity Financial is an expert in all things mortgage related. It represents the largest asset many people have in terms of their home. What were talking about is, we know the economic pain that exists, you probably read that Arizona has the dubious distinction according to the Case-Schiller index of having the highest property value declines in the country. People are feeling some pressure here and for those people who want to consider what a loan modification might do for them, should call you and talk about what that represents.
Then from there, you can refer them to people like Mike Patenella to talk about the tax ramifications, Mike can speak to some of those items and I can talk about their overall financial planning. But to start with let’s talk about what the loan modification process really represents and who can benefit from.
We have talked about all the different things you can do with your home as a home owner, there is the loan modification and there’s several different types of loan modifications, there is the option of a short sale, which can have huge tax implications that people may not be aware of. There is the option of foreclosure, which is almost the last thing you want to do and there is also bankruptcy.
Loan modification is essentially for the person who is unable to make your payment, because there was a material change, and the change that I am talking about is your not making as much money. You may have lost your job. You have one of these mortgages that are toxic, where the interest rate has gone up significantly.
I would not buy the story from some guy with an ugly little yellow sign on the side of the road that says, hey I can help you and I have a 99% success rate with my loan modifications. That is essentially a guarantee and there is nobody in their right mind that would buy the guarantee. There are so many different types of mortgage servicers out there, literally thousands of mortgage companies out there and you cannot predict what any one of these mortgage companies is going to do.
Certainly not guarantee anyone any result. Were definitely going to try our best, thats why we use a national network of attorneys, 45 out of the 50 states have some kind of recourse involved with short sales and foreclosures, loan modifications. This is not something you can just figure out on your own and certainly dont buy into some story that there is somebody who can reduce your mortgage by 50%. Thats not going to happen, or that they have a 99% success rate, things are just not realistic.
You should know better and I know I am putting it bluntly, lets be honest. You should know better. It sounds too good to be true folks, it is. These no cost loans, these goofballs are selling on the radio, saying they don’t cost anything, let me say this, someones got to pay for it. Try walking to one of these big banks right now thats trying so hard right now to make up for some of their losses, so if anyone is offering you something that sounds too good to be true. It probably is, call an expert, call someone who knows what they’re doing, and our team has 16 years of loan modification experience. Our national network of attorneys are dedicated to getting loan modifications and work with almost every major lender, use a pro.
Now Mike, I wanted to throw it over to you to reiterate a few of these things to talk about the different options that people are looking at. The reality of it is that a loan modification, if it works is the absolute best.
That would appear to be the case. You dont want to file bankruptcy, which would be your last choice. Trying to say youre insolvent might be difficult when you factor in all of your assets, so the foreclosures and the short sales, I think those just destroy your credit. Am I right on that?
Duration : 0:6:21
Whether your are buying your first home, or financing a rental or vacation home, Hanson Mortgage Corp has the right program for you. Serving VT, NY, and FL since 2000, we are a licensed residential mortgage broker committed to finding you great rates and low costs. Call us today for a free estimate 802-879-3950.
Duration : 0:0:32
Buying a home with bad credit? Knowledge is your key to being successful. The Bad Credit Guide to Homeownership can Buying a home with bad credit Some people prefer the do it yourself credit repair method we will take away the hassle and help repair your bad credit National Auto Approval provides auto loans, online bad credit auto loans approval for people with a history of bad credit or bankruptcy Choose from secured, unsecured or prepaid credit cards. Bad credit credit cards get a credit card even if you have bad credit or no credit. to learn more about this great offer, please visit our website at Private Fast Loans.com
education loans eloan emergency loan equity loans fast cash fast cash loans fast loan fast loans fast payday loan faxless payday loans federal loan consolidation federal loans federal student loan federal student loan consolidation federal student loans fha loans finance financial loans financing get a loan government loans graduate loans graduate student loans guaranteed loan guaranteed loans hard money loan hard money loans high risk loans home equity home equity loans home improvement loans home loan home loans home mortgage home mortgage loans homeowner loan house loan i need a loan instant loan instant loans interest rate lender lenders lending line of credit loan loan application loan brokers loan companies loan company loan consolidation loan for bad credit loan for people with bad credit loan rates loan with bad credit loans loans com loans for bad credit loans for people with bad credit loans online loans with bad credit low interest low interest loan low interest loans low interest rate loan low interest student loans low rate loan military loans money money loan money loans morgage loans mortage mortage loans mortgage mortgage broker mortgage brokers mortgage company mortgage lenders mortgage loan mortgage loans mortgage rates mortgages motorcycle loans need a loan no credit check no credit check loan no credit check loans no credit loans online loan online payday loan online payday loans pay day loans payday payday advance payday advances payday loan payday loan store payday loans personal loan personal loans personal loans for bad credit personal loans for people with bad credit personal loans with bad credit plus loans poor credit poor credit loans private loan consolidation private loans private student loan private student loan consolidation private student loans quick cash quick loan quick loans real estate loans refinance refinance loans refinancing refused credit repayment school loan school loan consolidation school loans second mortgage secured secured loan secured loans secured personal loans short term loan short term loans signature loan signature loans small business loan small business loans small loans small personal loans student loan student loan consolidation student loan default student loan interest rate student loans student loans bad credit student loans for bad credit student loans with bad credit students loans subprime loans unsecured unsecured loan unsecured loan uk unsecured loans unsecured personal loan unsecured personal loans
Duration : 0:10:40
Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams; Real Estates Future is Great. First Time Home Buyers, FHA Loans & Seller Paid Closing Costs. Go To http://RealEstateMarketingThisWeek.com
Part 4 (Excerpt)
Mortgage Backed Securities, Collateralized Debt Obligations and Tranches Oh My!
Now, I put the colorful title on How to Screw the Bank that Screwed You for no other reason than to get people to click on it to get the information, because frankly, a lot of people were given really bad loans, were given really bad advice, and sometimes you have to fight back.
Here is one of the things and again Ill try to make this as uncomplicated as possible. Let’s say you bought the house and you got the loan through a mortgage broker. Well that mortgage broker didnt really give you the loan. They bought that loan from a wholesaler of mortgages. That wholesaler of mortgages, in turn bought that loan from one of those big huge Wall Street banks, most of which are out of business right now.
Important thing to point out if I may, Velocity Financial is a mortgage broker, we do get our money from several wholesale banks, I just wanted to point that out because we’re glad were a broker.
Just to continue the analogy. So the broker buys it from a wholesaler, who buys it from the Wall Street bank, and like I said, most of them are out of business now. And what the Wall Street bank did with thousands of these loans worth billions of dollars, they put them all together into what is known as mortgage backed securities. That is the stuff you hear like Fannie Mae is selling and there is an interest rate put on them, and what happened to these mortgage backed securities is they in-turn were bought up by other Wall Street banks, combined with other mortgage backed securities and they were called collateralized debt obligations.
Well then these brainiacs on Wall Street decided to chop these collateralized debt obligations up into what is referred to as tranches. So let’s say you had your best quality AAA borrowers in the top tranch . And obviously your ZZZ borrowers were in the bottom tranch. Each one of them was given a specific interest rate, each one of them was rated by a bond rating firm, and each one of them was given insurance.
Well, what happens is as these got split up and sold over time the notes on the mortgages go with the debt itself. So CDO over in Bangladesh owns your mortgage now, but here is the problem, they dont have the paperwork.
So the reason I went through this whole story is in case your bank comes to you and says were going to foreclose what you want to do is go and get yourself an attorney and you want this attorney to go to this bank and say we want you to prove to us that you have standing, that they have the legal right to come after you and foreclose on you. And here is the thing, if they dont have the paperwork, if they dont have the note on the property, they cant prove that they have standing. So whether its the wholesaler, who is foreclosing on you, whether its the servicer, whoever it is, chances are very good that they dont have this note.
So again, he got a little complicated. You want to go to the website http://mortgageanswerman.com and there are several articles there, and a lovely little chart that I drew up, except that it will be much nicer than this piece of paper, and I will have all the information there. I had a friend just recently who was in foreclosure and she made the phone call, and she said, you cannot foreclose on me without the original note. Now eventually it got foreclosed on, but it delayed it several months until they were able to find that note. Chances are they may never be able to find that note.
And in many states, including Florida and Ohio they are very successful at using this tactic to stop or completely do-away-with the foreclosure sale. We dont necessarily want to encourage people to go down this path, right? Were looking for a stall essentially?
Well, hopefully no one will ever have to get to that point. But if you believe that your servicer, your mortgage company is not being nice to you. Especially if you call them up and want to do a loan modification, and they are dragging their feet, filing foreclosure and coming after you, you have to protect yourself. And this is one of the ways you can protect yourself by hiring an attorney and suing them for lack of standing
That is one of the things that I want to talk about that Velocity Financial is involved with a national network of attorneys who do this sort of work. Velocity Financial does not charge an upfront fee for these types of loan modifications, we do hire an attorney and they work with the national network of attorneys to work on your behalf. They do charge a retainer, of course, if they are going to fight for you they need to be paid, however, there are no upfront fees…
Duration : 0:6:36
David Bach helps you understand the basics about your mortgage; how much you can afford, how to get qualified, what term is best for you and much more. You’ll learn how to find a lender of integrity to help you make these important decisions and prepare you for the homebuying process and serve you after you’ve bought your home.
Remember, homeownership is still the single most important investment you can make in your lifetime. Look for other webisodes in this series by searching for “Smart Homeowners” or visit finishrich.com
Duration : 0:5:15
http://www.tomscoupons.com/atlantarealestate.html GO HERE TO GET GREAT DEALS ON ATLANTA REAL ESTATE
http://www.Xagga.com powered by xagga
PEER TO PEER LENDING MAYOR SHIRLEY FRANKLIN
home buying seminar adjustable rat mortgage short sale
hard money arm new home arv cheap houses bank bailout fixed rate mortgage
down stock market georgia macon
Duration : 0:2:25