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Useful Mortgage Information

Here are some additional discussions relating to the mortgage industry from my main information site.
http://bestvirginiahomeloans.com/why_do_i_apply_once_get_15_calls_641.htm
http://bestvirginiahomeloans.com/content/stop_foreclosure_now_113.htm
http://bestvirginiahomeloans.com/content/mortgage_faqs_886.htm
http://bestvirginiahomeloans.com/content/should_i_get_a_fixed_rate_or_an_adjustable_rate_895.htm
http://bestvirginiahomeloans.com/content/will_my_mortgage_be_sold_and_why_988.htm
http://bestvirginiahomeloans.com/content/what_lenders_look_for_783.htm
http://bestvirginiahomeloans.com/content/improve_my_credit_score_608.htm
http://bestvirginiahomeloans.com/content/arm_adjustment_caps_898.htm
http://bestvirginiahomeloans.com/content/links.htm
http://bestvirginiahomeloans.com/content/below_500_refinance_630.htm
http://bestvirginiahomeloans.com/content/credit_dos_donts_during_the_loan_process_602.htm
http://bestvirginiahomeloans.com/content/should_i_own_a_home-rent_vs_own_ 755.htm
http://bestvirginiahomeloans.com/content/how_can_an_arm_loan_benefit_me_629.htm
http://bestvirginiahomeloans.com/content/refinance_180.htm
http://bestvirginiahomeloans.com/content/jumbo_home_loan_233.htm
http://bestvirginiahomeloans.com/content/what_are_discount_points_130.htm
http://bestvirginiahomeloans.com/content/do_i_need_a_mortgage_broker_291.htm
http://bestvirginiahomeloans.com/content/credit_repair_guide_7.htm
http://bestvirginiahomeloans.com/content/loan_programs_for_people_with_low_fico_score_189.htm
http://bestvirginiahomeloans.com/content/credit_collections_-_should_i_pay_537.htm
http://bestvirginiahomeloans.com/content/lenders_for_terrible_credit_465.htm

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September 2010
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Are We There Yet (the bottom of the market)?

Just a brief recap of the (very) local market. Of the 14 homes listed for sale in my development, all but 2 have the infamous “3rd party/ (lender) senior management approval required” blurb on the MLS listing. The bad news, 4 home sold at foreclosure auction at the convention center last weekend. The two [...]

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Foreclosure Options

Our goal is to stop your foreclosure and give you a fresh start. We are specialists in working with your lender, or lenders, to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender can accept.
We fully understand that you have a serious problem and only a short [...]

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Questions about Collections

Q: Can I still get a home mortgage loan with open collections showing on my credit?
A: Yes you can
Q: How do I get these collections removed from my credit?
A: Accurate negative items reported on your credit can be reported on your credit for 7 years.
Q: How come only some collections report to my credit record?
A: [...]

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The Math of Adjustable Rate Mortgages (pt 1)

The Fundamental Question: Does An Interest Only Mortgage Save Me Money?
So here is an example of the math of a hypothetical 30 year mortgage compared to the same mortgage with an interest only option for the first 5 years.
$350,000 for 30 years fixed at 7.0%
The traditional payment, principal and interest, would be 359 payments of [...]

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