Financing A Home | RISMedia

It’s Harder, but Still Possible, to Get a Loan

Wednesday, February 18th, 2009

RISMEDIA, February 19, 2009-(MCT)-The freewheeling days of doling out cars and homes to just anyone are over. With the nation facing a deepening financial crisis, banks have tightened their credit standards. Yet, lenders say it's still possible for the average person to qualify. ...

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Will the Stimulus Benefit Homeowners and Buyers?

Tuesday, February 17th, 2009

RISMEDIA, February 18, 2009-"There are four primary sections of the economic stimulus plan that will benefit home owners and buyers," said Gibran Nicholas, chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers. According to Nicholas, these include: ...

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How to Avoid Getting Hooked by Debt-Reduction Schemes

Tuesday, February 17th, 2009

RISMEDIA, February 18, 2009-(MCT)-Get rid of debt fast and easy, for pennies on the dollar. If the deal sounds too good to be true ... well ... you know the drill. ...

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Phishing Lures Hit Home

Thursday, February 5th, 2009

RISMEDIA, February 6, 2009-(MCT)-I received an e-mail on one of my unadvertised accounts from my mortgage lender, announcing that it had been trying to get in touch with me and asking me to respond with all sorts of personal information. ...

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How does an unsecured loan work?

Monday, December 10th, 2007

The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan ...

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What about a second mortgage?

Monday, December 10th, 2007

It is a loan against the equity in your home. Financial institutions will generally let you borrow up to 80 percent of the appraised value of your home, minus the balance on your original mortgage. ...

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How does refinancing work?

Monday, December 10th, 2007

With a refinancing, you pay off an old loan on your home and take out a new one, usually at a lower mortgage interest rate. To refinance, you will generally need to have equity in your home, a good credit rating, and steady income. You can borrow a percentage of ...

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