In most cases, individuals need to avail themselves of a mortgage, and/or other forms of financing, in order to be able to purchase their home. Since, for most of us, the value of our home represents our greatest, financial asset, it wouldn’t be helpful to move in a more prepared, knowledgeable way to make the…
So, you’ve decided to take the step into home ownership. Now is the time to delve into the world of home loans to find the right mortgage. You may qualify for a VA home loan if you are a veteran or active duty service member of the US military. VA loans are available exclusively to…
What is identity theft? With all the data breaches in the news, there is a lot of concern and clearly a lot of confusion about identity theft. So let’s start by first defining what “identity theft” really means. California law defines ID theft as “the unauthorized use of another person’s personally identifying information to obtain…
You’ve probably heard someone use the term “medical bankruptcy.” It is a term commonly used by individuals who are either going through a medically related financial crisis, or know someone who is facing serious medical debt. Although medical bankruptcy is not a legal term, it is a useful term to describe a financial remedy for…
Bad credit means bad credit rating in any type of loan facility. When it comes to the part of conservative lenders like banks, bad credit history can deprive the borrower of loan facility at any point of time. But nowadays bad credit is not creating any huge trouble for the people to borrow money as…
There are several essential metrics that must be considered when determining where to spend valuable marketing dollars. The acceptable cost per funded loan depends on where one sits in the organizational chart and how much of a stakeholder is the long-term growth of the company. Successful lead generation firms are aware of this and for…
Oops, you haven’t paid your Federal Stafford, PLUS or Graduate PLUS loan within 270 days and your loan is in default. How do you get out of this? Having defaulted Stafford, PLUS or Graduate PLUS loans on your credit report will cost you in the long run. Bad score will mean higher interest rate and…
Bankruptcy protection is often used to prevent foreclosure and provide an opportunity for the debtor to restructure the mortgage balance on affordable repayment terms. When debtors fall behind on their mortgages, the bank usually insists on repayment of all past due mortgage arrears, or repayment over a very short period of time – two to…
Cash loans are in great demand nowadays that people can now easily get cash online. If this is your first time and you are planning to take it, you will basically get two types of loans which include long term and short term loans. It is important that you know the difference between the two…
Many mortgage lenders/brokers consider their loan officers (who are their salespeople) to be independent contractors. Those loan officers are paid on commission based on the successful funding of the loan. Mortgage lenders/brokers make payments to loan servicers either at the close of each transaction or on a periodic basis. There is no deduction for federal,…