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No Cost Home Mortgage Refinance Article
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Free Money Saving Auto And Home Loan Tips?
from: Tim GormanFree Auto Loan Tips
The following tips should help increase your chances of getting a car loan at a better rate.
Tip #1 - If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan.
Tip #2 - If you have currently have bad credit then repair it before applying for an auto loan.
Tip #3 - If you've recently moved then wait until you have lived at your new address for 6 months before applying for a loan.
Tips #4 - If you have had a previous auto loan or home mortgage on your credit report then your chances for a new loan improve greatly.
Tip #5 - Try and pay off all of your credit card balances or at least lower them. You may want to consider finding the best debt consolidation loans to erase all of your credit card bills. The bottom line is don't keep a high debt load or credit card balances.
Tip #6 - You must have a stable job or occupation.
Tip #7 - Other examples of credit extended to you should appear on your credit report. Verify this with a quick and easy online credit report. Also avoid charge off's on your credit report.
Tip #8 - If you've filed bankruptcy before then you should wait 3-4 years before trying to get an auto loan.
Free Home Loan Tips
Tip #1 - Make Bi-Monthly Payments: Instead of paying your mortgage with one monthly payment switch to paying half of your loan payment every 2 weeks. The savings comes from the 26 half payments you make which add up to 13 monthly payments versus the regular 12 payments you would normally make in a year. The end result is you save a large sum of money on the interest owed and you'll own your home a lot sooner!
Tip #2 - Choose a 15 year mortgage instead of a 30 year mortgage: You'll end up with a higher monthly payment but in the long run you also save tens of thousands of dollars in interest charges, especially if you shop for the best home loans you can afford.
Tip #3 - Mortgage Refinancing: Currently this is the most popular trend. You refinance your mortgage if you can get a rate that is at least one percentage point lower than your existing mortgage rate and plan to keep the new mortgage for several years or more.
Tip #4 - Buy down the rate: The seller or builder, or through innovative pricing, can help you buy down your mortgage rate for one, two, or three years.
Tip #5 - Consider an adjustable-rate mortgage (ARM): If you think you will be in your house for less then 5 years then perhaps you should consider an ARM. An adjustable-rate mortgage (ARM) starts with a considerably lower interest rate, but then adjusts every year. This type of loan moves a little bit of the risk away from the lender, and the lender rewards you with a lower rate. Usually these mortgages are capped to rise not more than two percent in any year, and not more than five or six percent for the life of the loan for your protection.
About the Author
Timothy Gorman is a successful webmaster and publisher of Military-Loans-Online.com – Which provides free money saving loan quotes on all of your loan needs to include home equity loan information that you can research in your pajamas on his website.
No Cost Home Mortgage Refinance News
Obama Mortgage Refinancing Plan: A Bailout by Any Other Name - National Legal and Policy Center
 Kansas City Star | Obama Mortgage Refinancing Plan: A Bailout by Any Other Name National Legal and Policy Center And mortgage lending is high on his priority list. In his speech, he announced a plan that "gives every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at historically low rates...A small fee on the largest ... In Obama's Refinancing Plan, Homeowners to Pay a Premium President Obama: Helping US homeowners is critical Missouri Goes After Processor DocX; Wells Now #1 Servicer; Rural... |
BofA Stalls Refinance Work as Wells Is 'Open for Business' - BusinessWeek
 Bloomberg | BofA Stalls Refinance Work as Wells Is 'Open for Business' BusinessWeek The government's Home Affordable Refinance Program, which helps homeowners lower payments, has increased refinance applications and strained capacity at Bank of America, which exited some mortgage lines last year. The US program, now dubbed HARP 2, ... BofA Said to Put Off Refinancing Clients as U.S. Spurs Demand MBS Prepayments Suggest Slow Uptake On Government's HARP Reducing Your Mortgage Interest Rate |
Mortgage Bonds Face Eye of Storm as Refinancings Decline: Credit Markets - Bloomberg
 Bloomberg | Mortgage Bonds Face Eye of Storm as Refinancings Decline: Credit Markets Bloomberg Mortgage-bond buyers are preparing for the effects of adjustments for Fannie Mae and Freddie Mac borrowers with little or no home equity announced in October, while downplaying risks from the further loosening that Obama said Feb. As Mortgage Refinancings Surge, Banks Struggle Mortgage Bonds in Eye of Storm as Refis Decline: Credit Markets Refinancing homeowners saving big |
Mortgage refinancing is on the rise - Washington Post (blog)
 Christian Science Monitor | Mortgage refinancing is on the rise Washington Post (blog) According to the Mortgage Bankers Association, mortgage refinancing is on the rise, increasing 9.4 percent over the previous week and 5.7 percent over the past month. He also predicts that the changes the White House recently made to the Home ... Mortgage applications jump on refi demand: MBA Mortgage rates: How low can they go? Mortgage Rates: Low Mortgage Rates Trend Continues While Refinances Surge |
Vail Daily column: More on the Making Home Affordable Act - Vail Daily News
 eCreditDaily.com | Vail Daily column: More on the Making Home Affordable Act Vail Daily News In the first part of this series we identified the Making Home Affordable Act, the Obama Administration's initiative to help struggling homeowners get mortgage relief through mortgage modifications, interest rate reductions, refinancing, ... JP Morgan: Obama's housing program could help 500000 more homeowners Expanded HAMP Mortgage Mods Expected to Start in June Obama housing plan helps its one millionth homeowner |
Crowley, Maloney Push Mortgage Taxpayer Aid Measures - Western Queens Gazette
Crowley, Maloney Push Mortgage Taxpayer Aid Measures Western Queens Gazette Crowley declared: “Owning a home is part of the American dream. Unfortunately times are tough and many homeowners are struggling to keep up with mortgage payments. The president's call to expand the ability of middle class homeowners to refinance their ... |
Pay off mortgage early to save money - Newsday
 Newsday | Pay off mortgage early to save money Newsday ... mortgage might sound like an ambitious plan, especially if you have recently refinanced into a 30-year term. But it's still smart for homeowners to give some serious thought as to how they'll pay off their home loan; if not in 2012, then sometime. |