Refinancing: Using Home Equity to Start a Small Business

Accessing sufficient funding is a challenge to many people starting up a small business. Without a history of profitability, it can be difficult to secure a traditional business loan from a bank. But you are not limited to using business loans to gain the start-up capital that you need; tapping into your home equity is …

Know Your Ratio – Loan to Value and Debt to Income

By Andrea Carangelo If you are thinking about refinancing a loan or requesting your private mortgage insurance (PMI) be removed, you should know your loan to value ratio. It is easy to figure out using these steps: If you will be applying for a loan: 1) Start with the purchase price of the property as …

Countrywide Recruiting Campaign

America’s leading financial services provider, mortgage and loan specialist Countrywide Financial has recently announced an aggressive recruiting campaign for mortgage professionals, including prime and non-prime sales professionals. According to a press release Countrywide plans to participate in local job fairs and real estate related events throughout the entire US. Variety of regional activities are scheduled …

Are You Making 5 Most Common Mistakes in Refinancing?

Peak Home Loans announcing a limited time home refinance loan program for the people with less-than-perfect credit, listed 5 most common mistake people make when they refinance their homes: Choosing a home loan lender for the wrong reason (i.e., the lowest rate, your existing lender.) People choose home loan lenders for all the wrong reasons. …

Option ARM – The World’s Most Dangerous Mortgage

By Charles Essmeier Home prices have reached record levels, and in many parts of the country, homes have become nearly unaffordable. Real estate has replaced the tech stocks of the late 1990’s as the hot investment, and everyone has sold their stocks and jumped into investment property. Real estate prices have increased at a far …