Tag Archives : market

Importance of Mortgage Appraisals in Lending Process

Importance of Mortgage Appraisals in Lending Process

Mortgage appraisals have paramount importance in lending process. Now days almost all banks hire appraiser to estimate value of borrower property before lending them loan. So in other words lending depends on the report made by appraiser so it is up to borrower that how he will impress lender or appraiser to get loan.

Bank of America  Mortgage Settlements

Bank of America Mortgage Settlements

Bank of America is going through its worst financial crisis and is working to get out of it by doing settlement deals with major investors. It has succeeded in making deals with two major investors and further looking to settle with some other companies as well.

0% Down Payment Era Has Come to an End

0% Down Payment Era Has Come to an End

The facility of zero percent down payments for homes virtually does not exist anymore. In the nine major cities of U.S, the banks have increased the rate of down payment by 22%. This has declined the interest of people to acquire home loan. This has also posed a big risk to the home owners who would like to sell their home, because of less number of buyers.

What to Look for in Prepaid Credit Cards?

What to Look for in Prepaid Credit Cards?

A prepaid credit card is similar to that of a debit card, as the owner of card load funds to the card. There are certain advantages and disadvantages of prepaid credit card. One must also thoroughly go through the terms and conditions prior to signing up for a prepaid credit card.

Best Small Business Credit Card Companies

Best Small Business Credit Card Companies

It is observed that few of the companies intend to join hands with small business owners, therefore there are companies that provide small business credit cards. It gets hard to choose the right small business credit card for yourself, since all the companies offers more or less same packages. It all depends how much the source is reliable and that, which company’s credit card fits most with your business requirement.

Home Equity Loans

Home Equity Loans

One must go to a famous lender’s website and check out the rates he is providing. This will give a sort of idea about the ongoing rates in the market. You will then be able to decide much easily to get which loan and at what rates. The best home equity loan rates are much lower and since the home is used indirectly there is no need for a great credit Score.

Despite Low Rates, Mortgage Applications Down Again

Despite Low Rates, Mortgage Applications Down Again

According to the Mortgage Bankers Assn. survey released today, applications for new home loans have continued to shrink, despite the lowest mortgage rates since May.

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