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5 Annoying behaviors of a borrower that turns off a lender


5-Annoying-behaviors-of-a-borrower-that-turns-off-a-lender

There are several cases where borrowers are often misled by lenders through different illegal practices. The lenders sometimes use dirty tricks to manipulate borrower's finances as well as their minds. But there is another side to the story which might prove that the lenders are not always guilty. Intentionally or unintentionally, some borrowers may also alter or twist the truth for the sake of getting a good mortgage deal. As a result, both lender & the borrower might get into a confusion which leads to a unsuccessful mortgage deal.

Home-buying-tricks-to-snag-the-best-deal-on-a-mortgage-in-2014

Time and tide wait for none. The clock is ticking for the homeowners and the homebuyers who want to grab a low mortgage rate in the year 2014. After a long period of record-low interest rates, the prospective homebuyers and the homeowners are fretting over the predictions of rising interest rates through 2014.

The-ultimate-cheat-sheet-on-how-to-protect-yourself-against-shady-mortgage-relief-scams

Being a common homeowner, it is not always possible to spot home loan oriented scams. If you are a homeowner who desperately wants to survive in this housing downfall and want to save his house from being foreclosed, a mail or phone call with a lucrative offer may easily tempt your mind. Companies offering low rate loan modification deals are likely to be a boon to those eager people who accepts these offers to save hundreds of dollars in a month. But “all that glitters is not gold”...most of the time it could turn out to be much worse than before.

Pre-approval-letter--Is-it-really-essential-to-get-a-mortgage

It is wise to get pre-approved for a mortgage before you search for your dream home. Getting pre-approved is an assurance by the lender that you're qualified to get a loan upto a certain amount. But unfortunately, many prospecting buyers do not understand the importance of getting pre-approved. Actually most of the new-home buyers are unaware of the pre-approval facts. So, before plunging into the housing market, you should know some aspects of pre-approval to enhance your chances of getting a home loan.

Common-Mortgage-terms-you-should-aware-of-being-a-first-time-home-buyer

Buying a new home is one of the most confusing and difficult tasks a person can handle in his entire life. Every person wants to get a perfect living place for his family along with other comforts. And to achieve that goal, mortgage is essential. Unfortunately, you might find mortgage process much more confusing than finding the home. There are many factors associated with mortgage process which may influence your finances.

JPMorgan-backs-away-from-mortgage-lending-to-risky-borrowers-after-a-bitter-experience-with-the-FHA

JPMorgan Chase & Co has stopped issuing mortgage to borrowers with poor credit rating. The second largest mortgage lender in the nation is pulling back from offering home loans to risky borrowers due to foreclosure anxieties. Even with government's assurance, JPMorgan Chase & Co has lost confidence in its capability in recovering money from foreclosure homes and this has triggered a shift in the way they conduct business.

real-estate

In today's competitive housing market, it is very difficult to find a decent home. If you are lucky enough to find one, the next important thing is to get help from a real estate planner & arrange the loan. You should be alert in this situation, as you might encounter with a desperate real estate agent or lender who can manipulate your finances.

New-York-City-lawmakers-submitted-a-new-proposal-to-mitigate-foreclosure-risks

New York City lawmakers and housing advocacy groups have recently submitted a new proposal to buy back underwater mortgages to help struggling homeowners. NYC council members have requested Mayor Bill de Blasio on June 25,2014 to join them and assist homeowners, who are on the verge of facing foreclosure. The members have asked Mayor Bill de Blasio to use eminent domain and buy back bad mortgages.

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